News
Olam International posts one-time post-tax gain of $72m
It came from its various divestments, including its real estate assets in California.
Olam International posts one-time post-tax gain of $72m
It came from its various divestments, including its real estate assets in California.
ST Engineering, Wilhelmsen Ship Services to develop unmanned shore-to-ship parcels
The former will provide flight tests and development services for system integration. ST Engineering and Norway-based Wilhelmsen Ships Services (WSS) will be developing and testing solutions for Beyond Visual Line of Sight (BVLOS) unmanned shore-to-ship parcels in Singapore, according to a news release. For this venture, ST Engineering will provide flight tests and technology development services for system integration and solution prototyping. Key technologies include precision landing on-board ship vessel’s metallic platform, non line-of-sight datalink and parcel delivery authentication and release system. The project will receive funding as part of the call for proposal by the Civil Authority Aviation of Singapore (CAAS) and the Singapore Ministry of Transport. In 2018, ST Engineering inked a memorandum of understanding (MOU) with CAAS to facilitate the development of BVLOS Unmanned Aircraft Systems (UAS) in the country. In January 2019, DroNet, an end-to-end solution that uses advanced unmanned technologies through a network system to carry out specific tasks or services, was granted the first BVLOS permit for trial operations in Singapore.
More than 70 aviation firms pull out from Singapore Airshow
The airshow will push through amidst companies’ withdrawals.
Frasers Property's retail unit acquires manager of 6 retail malls and 1 office tower
AsiaMalls Management will become a subsidiary of Frasers Property Retail.
Over half of Singaporeans want digital banks to offer non-financial features
But they would still keep traditional banks as their primary bank.
SGX RegCo to provide issuers a two-month extension to hold AGMs
The move came amidst a growing number of firms posting auditing difficulties for 2019 results.
SGX names 109 companies that are required to do quarterly reporting
These firms are noted to have material uncertainties from their latest financial statements.
Sembcorp's China unit concludes multimillion-dollar pollution-offence case
The firm said that they are not expecting further financial impact amidst the legal proceedings.
MAS urges financial institutions to bolster measures amidst nCov outbreak
Internal controls and demands for financial services should be managed.
Prime retail rents stay flat in Q4 2019
Online platforms and slower sales dampened retail sales.
Chart of the Day: Layoffs in manufacturing sector grew to 2,800 in 2019
All sectors’ retrenchments rose in Q4.
Daily Markets Briefing: STI down 1.55%
OCBC Bank saw the sharpest decline amongst top active stocks with a 1.9% contraction.
PayPal refreshes its Singapore Innovation Lab with tech offerings
It has a facial recognition system to register guests to its in-house Augmented Reality-supported bar.
CHIL reduces prematurity risks through data analysis
The platform can monitor the early onset of morbidities of an infant.
Property rule easing may prompt regulatory shift: report
Analysts note that Singapore could be willing to address developers’ concerns.
CRCT sells interest in company holding CapitaMall Erqi for $165.2m
It would allow the company to avoid downtime from refurbishing the 15-year-old mall.
Government likely to allocate $700m in nCoV relief packages
The budget deficit could widen in FY 2020 along with increased government spending.
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