Singapore, Australia ink landmark deal to deepen economic, defense ties

6 May 2016 - Singapore Business Review
It will also promote innovation, facilitate tourism. Singapore and Australia have inked a landmark agreement to deepen their ties in a number of areas, including economic integration, defence cooperation, innovation and entrepreneurship, and people-to-people ties, the Ministry of Foreign Affairs (MFA) ...

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3 Charts Investors Should See About SATS Ltd’s Dividend

6 May 2016 - The Motley Fool Singapore
SATS Ltd (SGX: S58) is one of the newer blue chips in Singapore’s stock market given that it joined the Straits Times Index (SGX: ^STI) less than a year ago in September 2015. At the company’s current stock price of S$4.16, it has a decent yield of 3.4% thanks to its annual dividend of S$0.14 per share ...
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Telco wars heat up as new MVNO unveils pricing plans

6 May 2016 - Singapore Business Review
Circles.Life’s basic plan starts at $28. A new mobile virtual network operator (MVNO) has launched its pricing plan for its post-paid mobile service in Singapore. A basic plan with Circles.Life starts from $28, which comes with 3GB of data and 100 minutes of talk time. The use of over-the-top services ...
sgx:z74 sgx:b2f sgx:cc3

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StarHub’s earnings jump 25.9% to $92.8m in Q1

6 May 2016 - Singapore Business Review
Due to decreased expenses, higher sales. Thanks to lowered costs and increased sales of lower- to mid-end models, StarHub closed the first quarter of 2016 with a 25.9% YoY jump in net profit to $92.8m. According to a report by OCBC, StarHub’s revenue for the slipped 4.4% YoY to $590.4m, on back of lower ...
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Oxley’s net profit more than tripled to $51.2m in Q3

6 May 2016 - Singapore Business Review
Thanks to hefty disposal gains. Mainboard-listed property developer Oxley Holdings reported that its net profit surged 329% to $51.2 million in the first quarter, on back of a $25.7 million disposal gain and substantial revenue recognition from eight projects. Rental income from its investment properties ...
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Keppel’s Brazilian agent dodges bidding fraud charges

6 May 2016 - Singapore Business Review
His relationship with Keppel is still on hold. Brazilian prosecutors have not filed charges Zwi Skornicki, Keppel’s local agent, for conducting illegal cartel activities and fraud against competitive bidding. Keppel said in a statement that although the Brazilian Public Prosecutor’s Office has found ...
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Ascendas REIT’s income jumps 15.3% to $533.7m in FY16

6 May 2016 - Singapore Business Review
Thanks to new acquisitions’ increased contributions. New acquisitions have served Ascendas REIT (AREIT) well, as net property income for FY16 jumped 15.3% YoY to $533.7m. The company enjoyed increased contributions from new properties, including the 27 logistics properties in Australia, as well as The ...
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StarHub Ltd’s Latest Earnings: What Investors Should Know

6 May 2016 - The Motley Fool Singapore
StarHub Ltd (SGX: CC3) reported its fiscal first-quarter earnings yesterday evening. The reporting period was for 1 January 2016 to 31 March 2016. StarHub is Singapore’s second largest telecommunications outfit, sitting in between the smaller M1 Ltd (SGX: B2F) and the leader Singapore Telecommunications ...
sgx:z74 sgx:b2f sgx:cc3

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The Week In Numbers DBS Beats The Field

6 May 2016 - The Motley Fool Singapore
Singapore’s biggest bank, DBS Group (SGX: D05) showed its two Singapore peers a clean pair of heels. Whilst the bottom-line was down 5% to S$1.2 billion, core earnings were up 6%. DBS Group also reported a rise in Net Interest Margin to 1.85%. The Singapore market could be set to welcome another Real ...
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Chart of the Day: Mall vacancy rate hits record high as retailers exit

6 May 2016 - Singapore Business Review
Island-wide vacancy hit 7.3% in Q1. Prices and rentals of retail space in Singapore continued to slide in the first quarter, while the overall vacancy rate inched up to its highest level in at least five years. Statistics from the Urban Redevelopment Authority (URA) show that the island-wide vacancy ...

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