Singapore
UOB's net profits down 30% to $1.56b in H1
The lender has set aside more allowances for further macroeconomic deterioration.
UOB's net profits down 30% to $1.56b in H1
The lender has set aside more allowances for further macroeconomic deterioration.
DBS' H1 net profit nosedives 26% to $2.41b
The bank has cast aside $1.26b to bolster its balance sheet.
Singapore hailed as top choice for post-pandemic travel
More than half of locals believe that the Lion City is well-prepared to reopen tourism activities.
Daily Briefing: Singapore to widen range of visitors as tourism wanes; COE prices close higher across all categories
And Singapore-listed KS Energy CEO charged with market rigging offences.
Daily Markets Briefing: STI up 0.68%
Wilmar International led the gains amongst top active stocks with a 3.22% expansion.
Chart of the Day: HDB resale volume plunged 45.4% to 3,426 units in Q2
This also marks the lowest quarter sales on record since 2007.
MatchMove launches cross-border B2B remittance platform
Fees start at $8.9 per remittance.
FWD Singapore warned over data breach
Personal data was leaked through payment advice letters.
Koufu acquires dough manufacturer Deli Asia for $22m
The acquisition is aimed to accelerate Koufu’s diversification of its business network.
SPH launches e-commerce platform “Shop For Good”
It offers discount vouchers and promo codes from some of the biggest retailers.
Retail sales down 27.8% in June
Department stores saw the largest drop in sales.
MAS rolls out key schemes to bolster SORA adoption
It will issue SORA-based floating rate notes monthly, amongst other plans.
In the COVID-19 era, are Singapore employers doing enough to truly develop talent?
COVID-19 has thrown the importance of reskilling and upskilling workers into sharp relief, not just in the Singapore context, but globally.
PMI remains in contraction at 45.6 in July: IHS Markit
In line with SIPMM’s results, it was the highest figure recorded in five months.
ARA US Hospitality Trust posts $2.02m net loss in H1
It suffered with a drop in hotel occupancies and temporary hotel closures.
OUE records $207.16m loss in H1
Weaker operating performance and the sale of US Bank Tower dragged it down.
SGX to roll out two REIT futures
Both futures are designed to allow broad distribution to US and global institutional investors.
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