Portfolio (Demo)

Medtecs International to sustain high profit margin: DBS

5 Mar 2021 - Singapore Business Review
This is despite the expected drop in demand for PPEs. Medtecs International Corporation will continue to have soaring profits despite vaccine rollouts bringing down the demand for personal protective equipment (PPE) and average sale prices (ASP) decline, according to DBS Group Research. DBS Group Research ...
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Market Update: STI returns to 3,000 point level

4 Mar 2021 - Singapore Business Review
The Straits Times Index ended Wednesday trading up by 26.50 points or 0.89%, reaching the 3,000.37 point level. Most Asian stocks also traded in the green, despite the resurgence of US Treasury bonds yields. About 3.23 billion securities worth S$1.47b changed hands, with advancers outnumbering decliners, ...

SGX invests US$1.5m in HeveaConnect

4 Mar 2021 - Singapore Business Review
Singapore Exchange will take up 9.09% stake of HeveaConnect. The Singapore Exchange Ltd. (SGX), through its wholly owned subsidiary Asian Gateway Investments Pte. Ltd., has invested $1.99m (US$1.5m) in HeveaConnect Pte. Ltd. for a 9.09% stake. SGX will join existing shareholders Halcyon Agri Corporation ...
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Sembcorp Marine clinches $500m sustainability-linked loan from DBS

4 Mar 2021 - Singapore Business Review
This is reportedly the first SORA-based, sustainability-linked loan in Singapore's maritime industry. Sembcorp Marine, through its wholly owned subsidiary Sembcorp Marine Financial Services, has secured a $500m sustainability-linked financing facility referencing the Singapore Overnight Rate Average ...
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Government to develop new programme to abate cybersecurity risks

3 Mar 2021 - Singapore Business Review
The Critical Information Infrastructure Supply Chain Programme will involve all stakeholders. The Ministry of Communications and Information is working with relevant stakeholders for a programme that will manage cybersecurity risks. In a speech on 2 March, Senior Minister Janil Puthucheary of the Ministry ...

Telcos should prioritize sustainability in 5G deployments: research

26 Feb 2021 - Singapore Business Review
This is amidst the rising challenges on 5G energy management. Telecom operators should address the challenges of 5G energy management by adopting the best energy efficiency practices across networks and encouraging customers to adopt 5G-enabled services, according to a report from telecom consultancy ...
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Market Update: STI rises amid lower Asian markets

25 Feb 2021 - Singapore Business Review
The Straits Times Index continued to rise on Wednesday trade, up by 33.88 points or 1.17% to end the day at 2,924.58. This bucked the trend of other Asian markets, which ended in the red - based on investor jitters around the intensifying sell-off of Chinese assets. Despite the uptick in Singapore, decliners ...
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Raffles Medical Group's net profit grows 6.9% in 2020

22 Feb 2021 - Singapore Business Review
The healthcare provider plans to continue supporting efforts to address the COVID-19 pandemic. Raffles Medical Group reported a net profit of $64.670 million for the full year of 2020, a 6.9% increase from the $60.522 million it earned the previous year. It attributed its profit to quick action from ...
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Singtel data breach compromises privacy of nearly 130,000 customers

18 Feb 2021 - Singapore Business Review
The telecommunications firm has reached out to affected customers and former employees. Personal data of nearly 130,000 Singtel customers was stolen in a data breach, the telecommunications firm bared on 17 February. Initial investigation on cybersecurity attacks on Singtel has concluded, allowing the ...

Singtel 3Q FY21 revenue dips by 3%

15 Feb 2021 - Singapore Business Review
But it increased by 9% QoQ. Singtelā€™s operating revenue fell by 3% YoY in 3Q FY21, according to OCBC. However, revenues increased by 9% QoQ that was driven by higher equipment sales revenue on festive promotions and strong demand for popular premium handsets though it was offset by the national broadband ...
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