News
Keppel DC Reit’s net property income increases by 3.3% in H1
Keppel DC Reit’s net property income increases by 3.3% in H1
Its NPI grew to $127.3m in H1 2023.]
UOI net profit up 70.2% in H1 due to favourable investment markets
United Overseas Investment Limited (UOI) posted $12.15m net profit.
Sembcorp terminates plans to sell SembWaste
No reason was stated in the bourse filing.
MLT posts DPU of 2.271 cents in Q1 FY23/24
It was 0.1% higher than the 2.268 cents recorded in Q1 FY22/23.
Daily Markets Briefing: STI up 0.64%; Keppel Corp is top stock
Keppel Corp closed with a 2.53% decrease.
Owner listings grew 26.7% in Q2
Only 57 listings were recorded in Q2 2023.
Singapore, Hong Kong reinforces ties with 7 new MOUs signed
Hong Kong Chief Executive John Lee visited Singapore as part of a week-long ASEAN trip.
Singtel to develop end-to-end 5G Intelligent Edge Aggregator
This will help customers gain real-time insights and support their operations.
Office unit at Suntec City Tower 1 sold for $11.5m
Suntec City end-users and family offices were sought by investors from China, Hong Kong and India.
Mortgagee listings keep dropping amidst a lack of buyer interest
There are 22 mortgagee listings in Q2 2023.
Amazon, EnterpriseSG and SBF roll out cross-border brand launchpad
The programme over 100 local MSMEs to grow in the US.
Auction listings up 9.3% QoQ in Q2
The success rate was 4.9%, with four properties knocked down.
Incumbent banks unlikely to take hit by neobanks' deposit cap raise: Fitch
Digital banks could face challenges beyond funding.
Property investments drop 5.7% QoQ to $3.8b in 2Q23
Colliers attributed the decline to high borrowing costs.
Keppel, HSBC join hands to create decarbonisation solutions
The parties will also explore cooperation on other energy transition opportunities.
Singapore outperforms omnichannel spending in Southeast Asia
The market’s omnichannel spending accounted for 57.6% of retail spend in 2022.
SG-based VC firm invests in remote respiratory monitoring healthcare startup
The funding will be used to expand Aevice solution to patients in Southeast Asia.
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Commentary
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Singapore’s AI ambitions will rise or fall on infrastructure
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Singapore’s SMEs are embracing AI, cybersecurity must keep up.