News
First Resources net profit down 16.7% amidst volatile palm oil prices
First Resources net profit down 16.7% amidst volatile palm oil prices
First Resources’ reported a net profit of $32.6m for the first half of the year.
Diamond marketplace LUXIEE bags $5m in latest financing round
The funds will help launch its interest-free instalment facility, LUXIEEPAY.
Olam Group EBIT jumps 51.4% to $641.6m
The company plans to list Olam Food Ingredients in both the London Stock Exchange and SGX soon.
Genting Singapore profit bounces to $88.21m after H1 2020 loss
The group suffered a $116m loss in the same period last year.
Cromwell European REIT net property income up 11.4% to $102.49m
Its income was driven by higher revenue from freshly acquired assets in Italy, the Czech Republic, and Slovakia.
Daily briefing: SG’s richest 50 gets richer by 25%; Starlux SG-Taipei flight takes off in September
And ventilator firm founder is SG’s wealthiest person in 2021.
Market Update: STI Up 0.12%
Singtel, CityDev, and ST Engineering lead with the most growth today.
City Developments Ltd. suffers $32.1m loss for H1
The company points to a deferred tax credit of $17.6b as the factor for this loss.
Retail rents slips 2.4% in H1 2021: Colliers
Average retail rents were expected to decline 1.8% by 2021.
Manulife posts DPU of 2.7 US cents
The amount is 11.5% lower than the amount recorded last year.
Deliveroo SG plans to upskill 1,000 riders by 2021
To date, 300 Deliveroo riders have completed their training from a choice of 700 free online classes.
SME software spending increases exponentially by 324% in 2020
SMEs also spent more on organisational growth tools and employee salaries last year.
Singapore life insurance records whopping $1.97m in sales
This accounts for a YoY 61% growth in H1 2021.
HBD offers 4,898 build-to-order flats
Experts expect projects at Queenstown, Hougang, and Kallang/Whampoa to be popular.
Wilmar’s net profit rose 23% YoY to US$750.9m in H1 2021
This is on the back of higher profit from Feed and Industrial Products and Plantation & Sugar Milling.
Singapore exchange-traded funds exceed $10b
The recorded value is double the amount over a two year period.
ST Engineering net profit up 15% to $296.1m
The company secured $3.37b worth of new contracts for the first half of 2021.
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