Staff Reporter
Daily Markets Briefing: STI down 0.23%; Top stock is YZJ Shipbldg SGD
YZJ Shipbldg SGD is the top stock with a 2.91% increase.
ComfortDelGro Engineering deploys first KYC V7 electric vans in Singapore
The ComfortDelGro subsidiary is the exclusive distributor of these vehicles.
Skills gap prompts companies to boost workforce amidst AI rise
Five in 10 companies plan to expand their headcount in Q3 2024.
Business optimism up in Q3
Construction, transportation and finance sectors are the most optimistic.
Hong Leong Asia’s China Yuchai greenlights US$40m share buyback plan
The plan will be funded through operating cash flow and existing cash balance.
Tan Loo Ming Audrey steps down as FCT manager’s CFO
Her last day will be on August 9.
Singapore port container throughput soars to 16.90 million TEUs in 5M 2024
Container volumes handled in Singapore for the period increased by 7.7% YoY.
Savills to market 25% stake in Edinburgh’s St James Quarter
Savills was also appointed to market W Edinburgh's freehold disposal.
Yongmao Holdings settles crane incident with CMNT Investment
The incident involved a tower crane sold by Yongmao Machinery to CMNT in 2016.
Majority of heirs of Singapore family businesses find it hard to keep up with AI: study
The top concerns cited were cybersecurity, misinformation and legal risks.
Seatrium and GE Vernova secure third contract for TenneT's 2-GW HVDC system
It is set to commence in June 2024, with commissioning expected by 2031.
Suntec REIT’s DPU drops 13.0% YoY in Q1 2024 to $0.226
The REIT recorded a lower DPU and a higher revenue for Q1 2O24.
Chart of the Day: More firms reported payment delays last year
The share of Singapore firms with payment delays fell to 62% from 77%.
Biomedics Laboratory to undergo voluntary liquidation amidst revenue slump
The company has faced challenges in carrying out its primary laboratory services business.
Palm oil firms with high ESG transparency are less valued than less compliant peers: NUS study
ESG premium is not prevalent in the industry.
Analysts still optimistic on retail despite April sales slump
Sales were down 1.2% YoY in April.
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