News
Daily Briefing: Plunging oil prices sink Singapore’s banks; Swiber drops liquidation plans
And reclaimed city off Singapore triggers ecology fears.
CDL Hospitality Trusts’ income drops by 0.9% to $31.3m
On back of soft trading in its Singapore market.
Singapore manufacturers expect negative business conditions in H2
Overall, firms also expect to hire fewer workers.
SIA rolls out aggressive capacity injection as competition heats up
Passenger yields have been on a tailspin.
Soft global economy to deluge UOB with nonperforming loans in H2
While net interest margin remains narrow.
China Aviation Oil’s H1 profits soar 48.6% to about $64.56m
Thanks to higher trading volumes, raised JV contributions.
SIA Engineering’s net profit falls flat at $41.7m
It was dragged down by mounting operating losses.
Singapore Airlines’ net profit soars by 182.4% to $257m
On back of cheaper jet fuel.
Swiber’s wind up to slam DBS’ FY16 profits
The bank declared a whopping $700m exposure.
Swiber stuns O&M and banking giants with wind-up decision
A hearing will commence on 19 August.
Sembcorp Marine’s net profit sinks by 89.5% to $11.5m
It was dragged by $35m in forex losses.
Chart of the day: Housing rent prices are stabilising but they aren’t growing, say analysts
Accommodation prices have been negative for almost two years.
Daily Markets Briefing: STI down 0.8%
Brace for a pullback today.
Daily Briefing: Sembcorp sees profit slump; SIA profit nearly triples
And Swiber’s wind-up flags rising risks Singapore bondholders face.
Completed condo unit prices climb 0.6% in June
Led by a 0.7% uptick in central region prices.
Cost containment key to stop SGX’s earnings bleed: analysts
It’s operating margin has declined to 50% this year.
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