News

Elite C-REIT's DPU declines 7.8% YoY to 3.79 pence in 9M22

Increased borrowings were among the reasons for the decrease. 

ST Engineering to divest all equity interest in U.S. marine businesses for $21m

Its US subsidiaries are VT Halter Marine and Bollinger Shipyards Lockport, L.L.C..

Eight F&B outlets join Changi Airport’s tenant mix

Amongst those who recently came on board was Sushi Deli.

Singapore Airlines' half-year operating profit soars to its highest

It recorded a $1.23b operating profit for H1 FY22/23

MAS to cooperate with Ghana to open trade and financial corridor

It will work with the Bank of Ghana and the Development Bank of Ghana for the project.

Jetstar to move operations to Changi’s Terminal 4 by March 2023

T4 provides ample gate capacity to support its narrow-body aircraft fleet.   Beginning 25 March 2023, Jetstar will operate in Terminal 4 (T4) instead of Terminal 1 (T1).    The airline’s relocation follows the completion of its joint study with Changi Airport Group (CAG).   CAG’s Managing Director of Air Hub Development, Lim Ching Kiat, said Jetstar’s move will enable the airport to “optimise the use of its aircraft gates to meet increasing travel demand, especially during the early morning peak period.”   The airport said T4 provides ample gate capacity to support Jetstar’s narrow-body aircraft fleet.    “It also reduces the need for the airline to have bussing operations to remote stands,” added CAG. T4 has 17 gates that support narrow-body aircraft.   “Moving to Terminal 4 is the start of a new chapter. We are committed to continuing to ramp up our operation and plan for future growth, and we appreciate the assurances that CAG have given ahead of this move,” Barathan Pasupathi, Jetstar Asia’s CEO, said.    T4 reopened on 13 September after more than a two-year hiatus due to the pandemic. It served about 350,000 passengers in its first month since reopening. 

MAS, Bank Indonesia extends bilateral financial arrangement

Both leaders of Singapore and Indonesia endorsed the arrangement.

F&B sales jump 29.7% YoY in September

The increase was due to the low base in the same month last year.

Chart of the Day: Singapore secures highest FinTech funding in ASEAN

Total FinTech funding in Singapore YTD reached $1.8b.

Bukit Timah Link, Hillview Rise sites attracted developers amidst high interest rates

An analyst said these sites have lower risks and costs involved.

OCBC net profit up 31% YoY to S$1.6b in Q3 2022

The company’s net interest income grew by 44% YoY.

SGX seeks opinion on proposed CDP margining framework and clearing fund changes

Amongst the changes proposed include the introduction of margin offsets.

Maybank names new Maybank IBG CEO

Michael Oh-Lau Chong Jin’s appointment will be effective on 1 December 2022.

OUE C-REIT posts 4.4% YoY higher income of $48.3m in Q3

The increase was mainly due to lower property expenses.