Singapore
UOL’s net attributable profit shrinks to $135m in 1H23
UOL’s net attributable profit shrinks to $135m in 1H23
Lower attributable fair value gains on its investment properties drove the 64% YoY decline.
Nanofilm Technologies captures $7.6m net loss in 1H23
The company attributed its loss to a softer consumer electronics market.
First Resources’ net profit falls 44.1% YoY to $71.5m in 1H23
The company’s sales likewise fell during the period.
Sasseur REIT’s DPU drops 2,6% YoY in 1H23
On a like-for-like currency basis, DPU would have been higher by 8.1% YoY.
Sembcorp Industries enters MSCI Singapore Index
It will be included in the index on 1 September.
CLI clinches $1.3b equity commitment for its private funds
To date, CLI has raised a total equity of $3.2b.
MTI narrows 2023 GDP growth forecast range to 0.5%-1.5%
‘Weak external demand outlook’ for the rest of 2023 was cited as the reason for the move.
Tourism leaders unveil 5 keys to creating sustainable travel options
Seven in 10 Singaporeans want more sustainable travelling, according to Booking.com.
Daily Markets Briefing: STI up 0.25%; SIA is top stock
Singapore Airlines was trading at 2.64% up.
More HDB flats to be resold over $1m: analysts
Million-dollar flats may make up 1.6% of total HDB resale volumes in 2023.
ThaiBev’s EBITDA fell 3.4% YoY in 9M FY23
This is despite a 3.8% increase in revenue during the period.
CDL posts lower PATMI of $66.5m in 1H23
The company attributed the decline to the absence of substantial divestment gains in 1H22.
7 SG companies land on Forbes ‘Best Under A Billion' list
The list features 200 top-performing small and mid-sized listed companies in APAC.
PropNex’ net attributable profit falls 18.4% YoY to $22.1m in 1H23
Given the lower profit, the company proposed an interim cash dividend of 2.5 cents a share.
Total investment in commercial property falls 65% QoQ in Q2
The value of the total investment went down to $1.8b.
HDB resale prices up 7% in July, but less flats resold
A total of 2,056 HDB flats were resold during the month, 13% lower than a year ago.
Is there still hope for NFTs? Study shows there’s still potential
Knight Frank said transactions hit US$4.7b in the first quarter of 2023.
Commentary
What matters for Singapore’s AI future is consistency, not brilliance
The AI pilot worked. Now comes the real test
Are Singapore startups’ employee incentive plans still competitive?
Singapore’s small exporters need credit that matches their payment cycle
The hidden realities of succession for next-gen heirs
In Asia, fintech leaders must compete on credibility
F1 on a gravel road: Why AI is still stuck in first gear
Why AI blocklists give Singapore firms a false sense of security
When scale arrives before proof: Singapore’s capital allocation question in Southeast Asia