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Singapore's Wilmar quarter four net profit halves on provision for sugar assets

22 Feb 2019 - The Star Online
SINGAPORE: Singapore-listed commodity trader Wilmar International Ltd posted on Thursday a more than 50 percent fall in fourth-quarter net profit from a year earlier, mainly due to a provision linked to sugar milling assets in Australia. The company, which has U.S. agricultural trader Archer Daniels ...
sgx:f34

Singapore's Wilmar Q4 net profit halves on provision for sugar assets

21 Feb 2019 - The Star Online
SINGAPORE: Singapore-listed commodity trader Wilmar International Ltd posted on Thursday a more than 50 percent fall in fourth-quarter net profit from a year earlier, mainly due to a provision linked to sugar milling assets in Australia. The company, which has U.S. agricultural trader Archer Daniels ...
sgx:f34

Hotel investment deals hit three-year high at $518.7m in 2018

21 Feb 2019 - Singapore Business Review
Investors are embracing hotel assets as the residential segment loses luster. The Lion City saw a total of eight hotel investment deals with transaction volume reaching $518.7m which is the highest since 2015 as real estate investors embraced hospitality assets over the slowing residential segment, according ...

Domestic wholesale trade climbed 16.9% in Q4

21 Feb 2019 - Singapore Business Review
Wholesale trade of petroleum products surged 43.2%. Singapore’s domestic wholesale trade jumped 16.9% YoY in Q4, data from the Department of Statistics (SingStat) revealed. The quarterly growth was mainly a result of sustained trade growth in by petroleum products which surged 43.2% YoY. Other products ...

Chart of the Day: Average gross rents for prime retail space in Orchard Road edged up 1.5% to $37.80 psf in 2018

21 Feb 2019 - Singapore Business Review
This was generally supported by healthy occupancy rates of above 94%. This chart from Edmund Tie & Company (ET & Co)shows that retail rents generally stabilised in 2018, although growth was not broad-based across Singapore. Average monthly prime first-storey retail rents in the Orchard and Scotts Road ...

Daily Briefing: MINDEF to hire 300 cybersecurity experts; Grab unveils pet transport services

21 Feb 2019 - Singapore Business Review
And 7 in 10 reported e-commerce scams in 2018 transacted in Carousell. From Channel News Asia: The Ministry of Defence (MINDEF) targets to recruit about 300 cybersecurity experts to take up various roles in the military and non-uniformed professionals. Personnel hired under the two new cyber expert schemes ...

COE premiums close mostly higher in latest bidding exercise

20 Feb 2019 - Singapore Business Review
Open category vehicles recorded the highest price increase by $1,357. Certificate of Entitlement (COE) premiums closed mostly higher in the latest bidding exercise, an announcement revealed. Premiums for Category A cars which are those up to 1600cc and 130bhp closed at $26,301, which is a $612 price ...

Haulio's Grab-like app for haulage companies launches in Singapore

20 Feb 2019 - Singapore Business Review
Its system will also integrate with a cloud platform for depot operators and freight forwarders by end-2019. Logistics-tech start-up Haulio unveiled its app Haulio Connectivity System (HCS), similar to a ride-hailing app but for haulage companies and drivers. Through the HCS interface, hauliers can view ...

KLCI extends rally to highest since mid-October

20 Feb 2019 - The Star Online
KUALA LUMPUR: Sustained fund buying of Petronas Chemical, Axiata and Genting Bhd helped push the FBM KLCI to a higher close on Wednesday as trading volume and value surged, tracking the exuberant key Asian markets. At 5pm, the KLCI was up 19.62 points or 1.15% to 1,726.18 – the highest since mid October. ...
sgx:g13 klse:6888 klse:3182

Poll: Seven in 10 Singapore executives made business decisions based on inaccurate data

20 Feb 2019 - Singapore Business Review
Only 27% of firms agreed they could trust that their finance teams identified all errors to ensure they are reporting accurately. Seven in 10 of Singapore’s top senior executives and finance professionals believe their organisations have made significant business decisions based on inaccurate data, according ...