Singapore
ESR-Logos Reit reports 6% fall in H1 DPU
Higher utility expenses drag down DPU for the first half of the year.
Manufacturing output growth moderates to 2.2% YoY in June
Excluding biomedical manufacturing, output grew 4.2% YoY.
EDB launches second leg of its corporate venture building programme
A total of $20m of fresh funding will be received by the program beneficiaries.
Standard Chartered stands out in marrying trust with Artificial Intelligence (AI)
The Bank built an AI engine to hold other AI systems accountable.
The Beaumont relaunched for sale for $468m
The property will be sold via public tender.
Average price of new luxury condos dips to $2,782 psf in Q2
This translates to a 1.1% decline from Q1.
Analysts raises full-year headline inflation forecast to 5.5%-6%
A further tightening of monetary policy in October is also likely.
Chart of the day: Manufacturing output climbs 2.2% in June
However, output fell by 8.5%.MoM.
Market update: STI up 0.32%
CapitaLand Integrated Commercial Trust was on top of the index.
The Straits Times Index closed at 3,190.49, up 0.32%, on Tuesday, 26 July 2022.
New homes sold in mass market dip 16.6% QoQ in Q2
OrangeTee said the decline was due to the lack of new launches.
MAS and Google Cloud launch Point Carbon Zero Programme
The programme aims to jumpstart climate fintech solutions in Asia.
CLCT’s net income jumps 15.9% YoY to $139.5m in H122
The increase was due to strong contributions from CLCT’s business parks and logistics assets.
AIMS APAC REIT posts 1.3% DPU growth in Q1 FY23
The increase was due to the 34.3% jump in the REIT’s net income.
OUE C-REIT’s net income dips 14.2% YoY to $93.6m in H1
The decline was due to the deconsolidation of OUE Bayfront’s performance.
STI attracts $97m of net institutional flows in the past week
It recorded a 2.7% gain last week.
Stellar Lifestyle reinvents advertising with augmented reality
The firm was recognised at the 2022 SBR National Business Awards.
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