News
Business receipts of service industries rise 10.9% YoY in Q422
Business receipts of service industries rise 10.9% YoY in Q422
Recreation & Personal Services had the highest growth in revenue amongst industries.
Condo rents volumes slip by 0.9% in January
An estimated 6,285 units were rented during the month.
Sheng Siong Group records slight uptick in net profit in FY22
Its net profit rose 0.4% YoY to $133.6m.
PropNex’s net profit rises to $65.4m in FY22
The real estate agency attributed the increase to its $1.0b revenue.
Singapore, US partner to enhance telecom regulatory policies
This will cover areas of communications and connectivity.
V-shaped recovery expected in some manufacturing sectors despite contraction
Demand will pick up for transport engineering and general manufacturing.
Daily Markets Briefing: STI down 0.58%; DFI RG is most active stock
DFI RG was the top stock, up 2.89%.
Which brands made the biggest buzz in January
The biggest brand mover was a supermarket chain.
Maybank Singapore’s profit before tax doubles to S$655.92m in 2022
This was reportedly thanks to higher income and lower loan loss allowances.
Sembcorp Industries’ long-term contracts show optimism: broker
This despite concerns on its earnings tapering off.
Stricter rules on lower-skilled foreign workers boost local employment: MOM
Manpower Minister Tan See Leng showed its key findings on workforce policies.
Almost half are likely to use ChatGPT for general searching
This includes searching for nutritional information on food.
Olam Group PATMI down 8.3% YoY to $629.1m in 2022
Its PATMI for H2 FY2022 declines by 24.5% YoY to $200m.
S-Reits posts 7.1% increase in returns in January: report
This is above STI’s 3.5% total returns.
Terra Hills sells 38% of units at launch
Units sold for an average price of more than $2,650 psf.
P-One (Tuas) Pte Ltd bags $2.6m tender for 25 Gul Drive site
The tender for the industrial site closed on 25 January.
No change in CPF interest rates for Q2 – HDB
Current interest rates will remain until 30 June.
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