News
Chart of the Day: Virtual banks can't rely on the branchless advantage for long
Facilities costs as a proportion of incumbent lenders' assets is only 7bps compared to 103bps.
Mapletree North Asia Commercial Trust NPI up 10.7% to $85m in Q1
Higher rental incomes from Festival Walk, Gateway Plaza and Sandhill Plaza boosted revenue.
Grab pledges $2b in SoftBank funds into Indonesia
It aims to create a transport network featuring EVs and geo-mapping solutions.
Sembmarine's loss narrows to $6.83m in H1
Revenue from its rigs & floaters business nearly halved.
iFAST eyes virtual banking license
The move will expand its service scope to include e-payment and lending.
Ascendas REIT NPI up 11.5% in Q1
The adoption of FRS 116 boosted income.
This reverse auction app lets you buy items at the lowest bid
Doropu has sold 35,000 products in Singapore and Malaysia to date.
Daily Briefing: Piermont Grand sells 46% of units on weekend launch; Stamford Land acquires mixed-use property in London for $441m
And medical lab firm Clearbridge Health raises $11.34m from a share placement.
Daily Markets Briefing: STI down 0.52%
OCBC led the decline with a 0.99% dip.
Chart of the Day: Warehouse rents down 1.5% in Q2
Rents for first-storey and upper-storey multi-user factories also slipped 0.5%.
CapitaLand's Raffles City Chongqing achieves 95% retail leasing rate ahead of September launch
Adidas Sportswear Collective, Haidilao hotpot and Charles & Keith will open its stores in the mall.
Top office REITs averaged 19.6% YTD return
Mapletree Commercial Trust was the strongest performer with YTD total returns of 28.6%.
UIC profits skyrocketed 186% to $490.4m in H1
Higher sales from trading properties, hotel operations and technology operations boosted earnings.
Frasers Logistics & Industrial Trust's NPI climbed 24.4% to $46.3m in Q3
Acquisitions in Australia and Europe pushed income up.
EU to deny five nations, including Singapore, some market access rights: report
This would remove a status enabling European banks to rely on credit ratings.
DBS profit surges 17% to $1.6b in Q2
Income hit a record $3.71b.
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