Daily Briefing: Start-up QIQ aims to roll out shared electric microcars; Incomlend raises $27.47m series A led by Sequoia

12 Aug 2020 - Singapore Business Review
And over 6,000 of SIA Group's staff have taken no-pay leave since March. From ChannelNewsAsia: Singapore firm QIQ Global plans to launch microcars for hire last-mile journeys between commuters’ home and the MRT station, according to an announcement. The concept is similar to the shared electric vehicles ...
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Dairy Farm's profit dropped 35% to $158m in H1

30 Jul 2020 - Singapore Business Review
Its health and beauty business suffered partly from lack of tourists in Hong Kong. Dairy Farm's profit attributable to shareholders fell 35% YoY to $158.04m (US$115m) in H1, from $244.62m (US$178m) in H1 2019, the company announced. Combined sales climbed 6% to $20b (US$14.55b) over the same period, ...
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Stocks to watch: Great Eastern, MNACT, Ascott Residence Trust, StarHub, Parkway Life Reit

28 Jul 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Tuesday: Great Eastern Holdings: Great Eastern on Tuesday posted a net profit of S$297.5 million for the second quarter ended June 30, 2020, 76 per cent higher than S$169 million a year ago. Shares of Great Eastern ...
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MNACT's NPI down 19.5% to $68.5m in Q1 FY2021

28 Jul 2020 - Singapore Business Review
The decline was mainly attributed to rental reliefs granted to tenants. Mapletree North Asia Commercial Trust (MNACT) saw its net property income (YoY) crash 19.5% YoY to $68.5m in Q1 FY2021, an SGX filing revealed. Gross revenue for the same period likewise fell 10.7% YoY to $93.7m. The decline was ...
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MNACT says loss of retail and office revenue during Festival Walk’s closure in Hong Kong will be covered by insurance policies

18 Jun 2020 - The Edge Markets
SINGAPORE (June 18): The manager of Mapletree North Asia Commercial Trust (MNACT) says that the loss of retail and office revenue during Festival Walk’s closure in Hong Kong will be covered under insurance policies. The policies will also cover the cost of damage sustained to the property. The Kowloon ...
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MNACT claims $8m for damages in Festival Walk

18 Jun 2020 - Singapore Business Review
The Hong Kong-based mall was damaged in light of the protests. Mapletree North Asia Commercial Trust (MNACT) has received a partial insurance payment of $8m (HK$45m) for property damage in Festival Walk in light of the protests in Hong Kong, an SGX filing revealed. Currently, insurers are still assessing ...
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Blue Prism and Pactera Announce Alliance to Bring Intelligent Automation Solutions to Asia and Oceania Based Enterprise Clients

12 May 2020 - ACN Newswire
Pactera and Blue Prism (OTC Pink: BPRMF) today jointly announced an alliance via the Blue Prism Partner Engage program to bring robotic process automation (RPA) solutions to clients in the Asia and Oceania region. The two organizations have been collaborating in the implementation of RPA and intelligent ...
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Banks to report healthy Q1 loan growth as companies boost liquidity

28 Apr 2020 - Singapore Business Review
But credit charges are expected to rise further. Singapore’s big three banks are likely to report healthy loan growth in Q1 with customers having increased their liquidity reserves to face the escalating COVID-19 pandemic, reports Maybank Kim Eng. However, net interest margins (NIM) will continue to ...
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SIA's passenger load factor down to 57.4% in March

16 Apr 2020 - Singapore Business Review
Only about 10 aircrafts of its 200-strong fleet are currently in operation. SIA Group’s passenger load factor (PLF) plunged by 24.1 percentage points (ppt) to 57.4% in March as the ongoing pandemic continues to bar passenger movements, an announcement revealed. Its airlines recorded a 60.4% YoY decline ...
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Daily Briefing: ComfortDelGro drivers to help deliver RedMart groceries; 2C2P sets up VC arm in SEA payment firms

15 Apr 2020 - Singapore Business Review
And foodpanda co-founders launch iSaveSG. From Channel News Asia: ComfortDelGro taxi drivers will soon help to deliver RedMart groceries as demand for delivery services rises amidst the COVID-19 outbreak. The drivers will start the delivery job by the end of April, after undergoing training provided ...
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