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Singapore Business Review 07/14/2020 02:39
Uploaded By:. Frances Gagua. Submitted By:. Staff Reporter. Case Study:. No. But 178.6% more units were sold during the month compared to May. Resale prices of private non-landed condominium and apartment units fell 0.6% YoY in June compared to a year earlier, according to a report by SRX. Condo prices in the core central region (CCR) led the declines, contracting 1.1% YoY in June.
Singapore Business Review 07/14/2020 02:27
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. Estimated net proceeds will be approximately $3.54m. Pain care management services provider Singapore Paincare Holdings (SPCH) will offer 24,246,000 placement shares at $0.22 apiece as it registers its IPO prospectus on Singapore Exchange (SGX), according to an announcement. The estimated net proceeds to be raised from the placement, after deducting the aggregate estimated cash expenses, will be approximately $3.54m.
Singapore Business Review 07/14/2020 01:21
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. These are expected to be implemented by 10 August. Singapore and Malaysia’s government have agreed to implement the Reciprocal Green Lane (RGL) and Periodic Commuting Arrangement (PCA), according to Minister of Foreign Affairs of Malaysia Dato’ Seri Hishammuddin Tun Hussein and Minister for Foreign Affairs of the Republic of Singapore Dr. Vivian Balakrishnan. These two schemes are meant to address the needs of different groups of cross-border travellers between both countries, which are expected to be implemented by 10 August.
Singapore Business Review 07/13/2020 23:44
Uploaded By:. Frances Gagua. Submitted By:. Staff Reporter. Case Study:. No. Sustainable financing amounted to around 2-3% of the big three's 2019 loan portfolios. The inclusion of climate change and other environmental issues in Singapore banks’ risk management frameworks is a positive for the sector as this will help mitigate financial and reputation risks arising from environment-related issues, reports Fitch Ratings. The Monetary Authority of Singapore (MAS) recently published a consultation paper that looks to formally guide banks to embed environment risk assessment in their risk management policies.
Singapore Business Review 07/13/2020 22:38
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. The group’s print ad revenue plummetted 51.4% in Q3 FY2020. Singapore Press Holdings' (SPH) operating profit for the year ending 31 August is expected to be significantly lower than the $187m recorded in FY2019 due to the impact of the pandemic, according to a corporate presentation.
Singapore Business Review 07/13/2020 22:13
Uploaded By:. Clarist Zablan. Submitted By:. Clarist Zablan. Case Study:. No. The investor assured that they are aware of the tight timelines. Hyflux's potential white knight Pison Investments told the P&P holders of the embattled water treatment firm that they are currently focussing on the launch of the invitation and on completing the purchase of the utility's eligible debts as soon as possible, an SGX filing revealed. The company assured the P&P holders and other stakeholders that they are aware of the tight timelines and pressure to complete its debt restructuring exercise.
Singapore Business Review 07/13/2020 21:38
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. It is expected to operate at 6% capacity this month. Singapore Airlines (SIA) and SilkAir’s passenger capacity in July and August will reach approximately 6% and 7% of its pre-pandemic levels respectively, according to a travel advisory posted in its Facebook page. With flights subject to regulatory approvals and schedules subject to changes, customers will be informed of schedule changes via SMS and email.
Singapore Business Review 07/13/2020 20:50
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. And chickenpox, pneumococcal jabs to be free for eligible Singaporean children. From Reuters:. Singapore has developed a blockchain-based payments network that could enable faster and cheaper international settlements, authorities said, adding that the next step was a commercial rollout. The final phase of the years-long ‘Project Ubin’ saw the Monetary Authority of Singapore team up with state investor Temasek and J.P. Morgan (JPM.N) to develop the prototype multicurrency payments network.
Singapore Business Review 07/13/2020 18:00
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. Medtecs International saw the sharpest decline amongst top active stocks with a 21.84% contraction. The Straits Times Index (STI) ended 21.57 or 0.81% lower at 2,631.48. The top active stocks were Medtecs International, which crashed 21.84%, DBS which dipped 0.51%, UOB which slid 0.76%, Singtel which fell 0.4%, and UG Healthcare with a 10.66% contraction. The FTSE Mid Cap inched down 0.32%, whilst the FTSE Small Cap slipped 0.77%.
Singapore Business Review 07/13/2020 03:32
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. This marks the first time the city-state has led the index. Singapore has emerged as the country best prepared for the adoption and acceptance of autonomous vehicles (AV), as it ranked first in KPMG’s Autonomous Vehicles Readiness Index (AVRI). This marked the first time that Singapore has led the AVRI, and is said to reflect its leadership in areas of consumer acceptance and policy as well as legislation pillars.
Singapore Business Review 07/13/2020 03:00
Uploaded By:. Clarist Zablan. Submitted By:. Clarist Zablan. Case Study:. No. It expects its revenue per available unit (RevPAU) to remain under pressure. Ascott Residence Trust’s (ART) total return for the first half of 2020 is projected to plummet 80-90% from the $212.5m recorded for H1 2019 as the company faces adverse impact from travel restrictions, the company said in a profit guidance. At the same time, ART’s available income for distribution for the six months is expected to drop 55-65% from the $74.6m in H1 2019.
Singapore Business Review 07/13/2020 00:55
Uploaded By:. Alyssa Divina. Submitted By:. Staff Reporter. Case Study:. No. The prototype successfully settled multicurrency transations on the same network. The Monetary Authority of Singapore (MAS) and Temasek have jointly released a report to mark the conclusion of the fifth and final phase of Project Ubin, according to an announcement. The report "Project Ubin Phase 5: Enabling Broad Ecosystem Opportunities", provides technical insights into the blockchain-based multicurrency payments network prototype and illustrates its benefits to the financial industry and blockchain ecosystem.
Singapore Business Review 07/13/2020 00:29
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. Measures to control the pandemic have adversely impacted the group’s hotel operations. City Developments Limited (CDL) anticipates its net attributable profit after tax and minority interests (PATMI) as well as its pre-tax profit for H1 to experience significant losses, according to a filing.
Singapore Business Review 07/12/2020 22:37
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. Both companies to start the early design works this month. Sembcorp Marine and GE Renewable Energy's Grid Solutions were chosen by UK's RWE to supply electrical transmission systems for Sofia Offshore Wind Farm, one of the world’s largest offshore wind farm projects, according to an announcement.
Singapore Business Review 07/12/2020 22:26
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. This follows after launching its data centre fund with Stratus. Cromwell European REIT or (CEREIT) has entered into a heads of terms agreement with its sponsor Cromwell Property Group (Cromwell) and Stratus Data Centres (Stratus) to co-invest directly into 50% stakes in two data centre projects in London and Frankfurt, a press release revealed.
Singapore Business Review 07/12/2020 22:01
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. They are working closely with various associations to give further support to the affected staff. British engineering firm Rolls-Royce has announced that they will cut 240 roles or 24% of their workforce in Singapore, as part of their global move to lay-off 9,000 roles amidst the lower civil aerospace engines and aftermarket services, the company confirmed.
Singapore Business Review 07/12/2020 21:39
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. This is said to enhance competition and provide more options for gas buyers. The Energy Market Authority (EMA) are looking for up to two new liquefied natural gas (LNG) term importers for Singapore, according to an announcement. The authority has issued a request for proposal (RFP) wherein interested parties may submit proposals until 9 November.
Singapore Business Review 07/12/2020 21:07
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. All Singapore firms surveyed are concerned about current levels of cloud security. Nearly three quarters or 71% of Singapore organisations experienced a public cloud security incident in the last year, according to a survey by cybersecurity leader Sophos.

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