News
One in 2 businesses won’t survive beyond 6 months if high costs, low sales persist
One in 2 businesses won’t survive beyond 6 months if high costs, low sales persist
Top factors for rising costs are higher logistics.
Shophouses, residential building up for tender on 2 August: PropNex
Tender sales for the properties will close on 9 and 7 September, respectively.
Over 25,000 nurses to receive special payment
It will be between 1.7 and 2.1 months of their base salaries as of 1 December 2022.
Ascendas India Trust net property income climbs 8% in H1
Its net property income stood at $103.3m.
SG, India stock exchanges launch trading platform for Nifty equity derivatives
Amongst those onboarded in the platform include OCBC Securities Private Limited.
Keppel O&M delivers its first new build LNG-fuelled container ship to the US
The M/V George III was delivered to Pasha Hawaii.
Liveable, sustainable cities needed in post-pandemic era: gov’t
This was delivered during the World Cities Summit Mayoral Lunch 2022.
MAS, IFSCA sign MOU to strengthen supervisory cooperation of financial services
The MOU was signed in the presence of India’s prime minister Narendra Modi.
How high do business sectors expect their revenue to jump in Q3
One sector expects its operating receipts to increase by 55%.
Changi Airport’s passenger traffic up 14 times in Q2 2022
The Q2 traffic is 43.6% of the airport's pre-COVID levels.
Starhill Global REIT’s NPI jumps 7.6% YoY to $75.1m in FY21/22
The cessation of rental rebates in Malaysia contributed to the increase.
Raffles Medical H1 profit surges 54.4%
Patient numbers had increased on the back of recovering medical tourism.
Investment sales for properties could exceed $30b: report
Investors seek to field capital whilst inflation keeps rising.
Top Singapore REITs unscathed by rising interest rates
Improving net operating income will help them mitigate costs.
Chart of the day: 62% of the accommodation industry expects improve outlook in H2
Return of tourists in Singapore seen as a catalyst for improve business conditions.
Market update: STI down 0.21%
Hongkong Land posted the most growth.
Jardine C&C underlying profit up 51% YoY to US$533m in H1 2022
This is supported by the higher contributions for Astra and THACO.
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Commentary
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