Singapore
SPH REIT secures 5-year refinancing for $280m loan
Portfolio weighted average debt term to maturity expected to increase to three years.
SPH REIT secures 5-year refinancing for $280m loan
Portfolio weighted average debt term to maturity expected to increase to three years.
Singapore must look for new win-win partnerships to ensure its food security
New global links are needed in the food supply chain of the future.
Yangzijiang's net profit halved to $82.72m in Q1
Less number of vessels were delivered during the period.
Keppel's net profit flops 21% to $160m in Q1
Profit contraction attributed to 70% divestment of interest.
Raffles Medical's profits down 45.4% to $7.5m in Q1
Profits were dragged down by the pandemic’s impact on its China units. Raffles Medical Group’s profits for the first quarter of the decade fell 45.4% YoY to $7.5m from $13.5m in the previous year, dragged down by its China Healthcare Division that was “severely impacted” by the COVID-19 pandemic, the group revealed in a company update.
CCT's NPI up 0.7% to $80.3m in Q1
This is despite the 25% crash in DPU to 1.65 cents.
Singtel and Starhub-M1 JV wins 5G spectrum
They are expected to progressively roll out the networks starting 2021.
DBS Group's profits plummet 29% to $1.165b in Q1
The allocated $700m for COVID-19 risks prompted an increase in general allowance.
Chart of the Day: Job vacancy to unemployed ratio fell below 1.0 in 2019
The labour scene was already weakening even before the pandemic struck.
Daily Briefing: Temasek Trust launches $10m COVID-19 assistance fund; SMRT extends full rental waiver for taxis
And Singapore launches its first drone delivery service.
Daily Markets Briefing: STI up 0.46%
AEM led the gains amongst top active stocks with a 8.72% leap.
More companies delay pay hikes and hiring
Pay cuts affecting executives have also been implemented.
Unemployment rate broadened to 2.4% in Q1
Total employment dropped to an all-time low since the SARS outbreak.
ComfortDelGro launches food delivery service
Deliveries are charged at a distance-based rate starting at $6.5.
Olam secures $249.09m term loan from IFC and JICA
Proceeds will be used for the procurement of specific agri-commodities.
Prime US REIT's NPI up 6.7% in Q1
The outpermance is driven by acquisition of Park Tower in Sacramento.
This startup fills the gap on cybersecurity awareness
Right-Hand Cybersecurity does not only monitor cyber risks, but also educates the users.
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