Singapore
STI gains 7.5% with majority of flows going to telcos, industrials
Dividends of Straits Times Index boosted a total return of 8.7%.
STI gains 7.5% with majority of flows going to telcos, industrials
Dividends of Straits Times Index boosted a total return of 8.7%.
ESR-LOGOS REIT debuts in SGX-ST
With its entry, ARA LOGOS has been delisted from the bourse.
Big banks report lower earnings in unison
DBS, OCBC, and UOB all saw their profits fall 10% year-on-year.
Market update: STI down 0.36%
Venture Manufacturing was at the top.
Big 3 banks suffer YoY declines in non-interest income in Q122
UOB posted the biggest decline at 30%.
Real-time payments to boost SG's GDP by $793.2m in 2026
In 2021, total transactions facilitated $483.1m of additional economic output.
Grab obtains Data Protection Trustmark certification from IMDA
It's the first super app to be awarded the certificate.
After merger, Keppel, Sembcorp Marine to see long-term, short-term benefits
Keppel will focus on asset-light businesses whilst Sembcorp will be more competitive.
Grace Fu goes to Switzerland, Denmark to tackle climate action progress
Both events will be held in the first week and second week of May.
Far East Hospitality Trust’s distribution yield to improve by 5.7% in 2023: UOB KayHian
Reopening borders and hotel contracts will improve distribution yield.
The distribution yield of Far East Hospitality Trust (FEHT), a real estate investment trust, could improve by 5.7% in 2023, triggered by rapid opening of international borders last month as well as redeployed hotel contracts, investment banking firm, UOB KayHian, said.
In its report, UOB KayHian bared that there are three hotels under government contracts that were redeployed, which will serve business and leisure travellers in the first quarter of 2022 (Q1 2022).
UOB KayHian also reported hotel stability from fixed rents and an unchanged hotel revenue at $14.3m.
However, occupancy for hotels went down 8.2 percentage points, on a yearly basis, to 67.7% in Q1 2022 which stemmed from the ending of government contracts of three hotels, which will be used for isolation purposes. These hotels are Village Hotel Albert Court, Quincy Hotel and Elizabeth Hotel.
To date, FEHT has only three out of its nine hotels on government contracts whilst the remaining three government contracts were extended by two to three months until the middle of 2022.
DBS, Xero simplifies SMEs loan application with data-sharing partnership
Xero customers now has the option of sharing their transaction records to DBS.
Industrial occupancy falls to 89.8% in Q1 2022: JTC
Despite the drop in occupancy, the rental index still rose by 1.0%.
Industrial occupancy to 'bounce back' in next quarters
The occupancy rate dropped to 89.8% in Q1 2022.
Market update: STI up 1.23%
Two banks led the index on the last trading day before the long weekend.
Singapore risks protection gap for older population
Prudential and Income are working together to close protection gaps, particularly in the area of long-term care.
More services firms expect favourable business conditions in Q2
The percentage of firms who are upbeat on business was up to 15% from 14% last quarter.
Genting Singapore names new CEO
New CEO Tan Hee Teck has been the firm’s president since 2010.
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