News
Savills to oversee retrofitting of chiller and building management for SG pools
Savills to oversee retrofitting of chiller and building management for SG pools
It was appointed to look after the retrofit of chiller and building management system.
SGX-listed Eneco Energy to secure a stake in the Hoe Heng Group of Companies
EEL entered into deals to secure a 48% stake in HHPL.
Singapore Post thriving amidst e-commerce surge
Postal giant’s CEO International, Li Yu, shares insights on industry challenges and SingPost’s trailblazing transformation.
CLAR secures fifth data centre in the UK for $200m
The data centre is a high-specification Tier III.
Securities turnover grows 19% YoY in July
It increased to $21.5b in July 2023.
MAS in process of tracing funds, assets related to $1b money laundering case
MAS says it has been in touch with FIs where the potentially tainted funds.
SGX net profit grew 10.3% in FY 2023
The total adjusted net profit was $503.2m in FY 2023.
Daily Markets Briefing: STI down 0.81%; The top stock is Hongkongland
The most active stock is HongkongLand, trading 1.65% up.
Higher prices in commodities cause Singapore’s young adult population to worry: Survey
More than a quarter of Singaporean young adults worry about insufficient savings for emergencies and financial goals.
New home sales in July reach an all-new-high since 2021
Around 6,500 to 7,500 new private homes will be sold during the year.
Sea Limited bounces back from losses with $449.6m Q2 net income
This is compared to a net loss of $1.2b US$931.2m for the second quarter of 2022.
The majority of businesses adapt business models for uncertain economic situations
More than a third of businesses want to automate work to support employees.
Payoneer SG obtains MPI licence, broadens services horizon
The licence will enable them to service more SMEs in the country.
Over one-third of Singaporeans cut back health-related expenses
TELUS Health said 65% curtailed their discretionary spending.
Singapore Airlines’ passenger capacity grew 28.1% YoY in July
The most attractive employer carried over 3 million passengers last month.
Daily Markets Briefing: STI fell 0.49%; Seatrium is most active stock
Seatrium closed trading at 1.50%.
Property prices may trade sideways due to high-interest costs
Edmund Tie anticipates prices to rise by 3-5% in 2023.
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Commentary
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