Singapore
Yangzijiang Shipbuilding profit slipped 10% to $136.23m in Q3
Gross profit margins from its shipbuilding and others segments declined.
Deliveroo to offer reimbursements to e-scooter riders for new vehicles
Riders will get up to $600 for a new bicycle and up to $1,000 for a PAB or PMD.
Tiong Seng secures $125m green loan from OCBC, DBS
It will be used to build green buildings and generate renewable energy.
Daily Briefing: SC Capital Partners to buy Australian asset for $98.9m; OCBC and DBS drop Bank Permata bid
And gift card startup Giftano bags $1.15m in seed funding.
Daily Markets Briefing: STI up 0.22%
YZJ Shipbuilding led the gains amongst top active stocks with a 3.1% rise. The Straits Times Index ended 7.01 or 0.22% higher at 3,238.86. The top active stocks were United Engineers, which dipped0.37%, SingTel, which slipped 3.64%, DBS, which grew 0.23%, YZJ Shipbuilding, which expanded 3.1%, and Wilmar International with a 2% rise. The FTSE Mid Cap inched up 0.36% whilst the FTSE Small Cap rose 0.67%.
Growth of grade A office rents stalls as tenants delay expansion plans
Rents hit the wall after eight consecutive quarters’ growth.
Chart of the Day: Mainland Chinese made up 18.8% of NPR home buyers in Q3
They bought 10 more units in Q3 compared to the previous quarter.
StarHub wins internet speed race: report
Its internet service is 35-60% faster than its peers, according to IMDA.
Investment theory deconstructed
Investing is a word that will bring up many different connotations, both good and bad. Many picture glamorous lifestyles associated with the rich and famous, who have the net worth to make their money work for them. We also picture unscrupulous financiers, trading stocks to make money for themselves, at the expense of everyone else. It’s no surprise why many people feel this way either - the current state of investing is one that is exclusive, expensive and complicated.
Private home sales crashed 26.9% to 928 units in October
The absence of major launches outside CCR dragged down sales volume.
DBS adapts AI-powered bank screening process
The system will conduct automated risk assessment of clients, investments, and transactions.
NETS' Jeffrey Goh to resign as group CEO
NETS Solutions managing director Ricky Lim will succeed him as interim group CEO.
UBS fined $11.2m for deceptive practices by advisors
They did not inform the clients of higher spread or improved interbank price of bonds.
Issuer processor GPS launches Asia Pacific HQ in Singapore
It will support existing client expansion in the new hub.
Golden Agri Resources back in the black with $1.09m profit in Q3
But weak prices of commodities continued to drag on earnings.
Massage chair maker V3 in talks with Temasek unit for digital bank license bid
V3 recently created a fintech unit and hired a former CEO of a Temasek unit as adviser.
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