SATS Q1 profits down 14.4% to $54.7m

19 Jul 2019 - Singapore Business Review
It was hit by lower cargo revenue and the consolidation expenses of it GTR entities. SATS started its FY2019-2020 on a dismal note as its Q1 profits slipped 14.4% YoY from $63.9m to $54.7m, an announcement revealed. However, its revenue edged up 5.8% YoY to $465.1m from $439.4m. It attributed its revenue ...

Keppel Corporation profits dropped 39.3% to $356.28m in H1

19 Jul 2019 - Singapore Business Review
The lack of en-bloc sales and lower contributions from property trading weighed on its earnings. Keppel Corporation’s profits crashed 39.3% YoY to $356.28m in H1 from $586.52m in H1 2018, an announcement revealed. However, its revenue edged up 10.8% YoY to $3.32b from $2.99b. Its earnings per share (EPS) ...

Daily Briefing: Check out investment bankers' salaries at JP Morgan; US VoIP firm 8Ă—8 buys local startup Wavecell for $169.9m

19 Jul 2019 - Singapore Business Review
And UOB partners with SG Enable, ARC, MINDS and SPD to boost inclusive hiring in Singapore. From eFinancialCareers: As at many of its rivals, JP Morgan in Singapore pays its front-office investment banking analysts $120,000 on average. An associate, your base pay will rise to approximately $150,000 and ...

Chart of the Day: Total property investment sales hit $9.8m in H1

19 Jul 2019 - Singapore Business Review
Public investment sales dipped by 56.6% QoQ to $957.5m in Q2. This chart form Edmund Tie & Co. shows that the overall property investment sales value has reached $9.8b in H1. More than half of it ($4.9b) was raised during Q2, which represents a 0.7% QoQ climb and an over 50% YoY fall. Also read: Billion-dollar ...

Daily Markets Briefing: STI down 0.11%

19 Jul 2019 - Singapore Business Review
UOB led the gains after its stock rose 0.23%. The Straits Times Index ended 3.82 or 0.11% lower at 3,361.05. The top active stocks were DBS, which rose 0.19%, Singtel, which dropped 0.56%, UOB, which edged up 0.23%, OCBC, which slipped 0.35%, and CapitaLand Commercial Trust with a 0.92% fall. The FTSE ...

Can Keppel DC REIT achieve 7% cap rate level?

19 Jul 2019 - Singapore Business Review
Some of its acquisitions have been delayed or taken off the market. Keppel DC REIT may struggle to acquire an above 7% cap rate level which it had traditionally achieved in the past given the increased competition for data centre assets and compression in cap rates, a report by OCBC Investment Research ...
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COE supply to fall by 17.7% for August-October

19 Jul 2019 - Singapore Business Review
The quota will fall to 20,850 from 25,347 in May-July. The supply of certificates of entitlement (COEs) for August-October will be reduced by 17.7% to 20,850 from 25,347 COEs in the May-July period, the Land Transport Authority (LTA) said in a release. This translates to an average of 6,947 COEs monthly ...

Represent Your Identity and New Ideas with .id Domain Name

18 Jul 2019 - ACN Newswire
Internet Domain Names are unique since no two parties can have the same domain name simultaneously. For an online business, Domain Names are more than brands, they are digital business cards.Domain Name extensions have increased dramatically, and companies need to choose the right one. Then, they should ...

Infinito Formally Announces Ecosystem Utility Token, INFT

18 Jul 2019 - ACN Newswire
Infinito today announces it will launch an official utility token, called INFT Token, for its product ecosystem later this year. The INFT Token will serve as the currency to fuel all transactions made within Infinito Ecosystem and grant users premium benefits and rewards. Used by spending or staking, ...

Singapore to invest $400m in revamping drainage systems

18 Jul 2019 - Singapore Business Review
This is expected to mitigate flooding and build up climate resilience. Citing the need to build up climate resilience, Singapore is investing $400m in the next two years to upgrade and maintain its drainage system and improve flood resilience, according to Masagos Zulkifli, Minister for the Environment ...