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Sovereign Wealth Fund acquires 49% stake in Ho Bee Land's SPV for $555m
Sovereign Wealth Fund acquires 49% stake in Ho Bee Land's SPV for $555m
The SPV holds the biomedical life-science development, Elementum.
Ho Bee Land posts $9.5m net profit, reversing last year's loss
The company credited its return to profitability to a revenue increase.
Strata retail sales rise in Q2 but fail to lift H1
In H1, trasncations fell 10.9% HoH.
Lower costs boost CICT's NPI by 5.4% YoY to $582.4m in H1
Higher NPI boosted the trust's distributable income by 3.7% YoY.
Sinarmas Land's net profit up 7.4% in H1 2024
Profit attributable to shareholders fell 18.7%.
Seatrium and NTU open new lab for marine energy innovation
The lab will research ammonia use in offshore and marine applications.
Yangzijiang Shipbldg’s H1 net profit soars 77.2% to $571m
Gross profit rose 65.1% to $626m.
President Tharman to co-chair World Bank’ high-level advisory council on jobs
He will lead the council alongside former Chilean President Michelle Bachelet.
New gov’t unit to resolve severe neighbour disputes
It will initially operate for one year in selected HDB estates.
Sembcorp suspends operations at Myanmar Power Plant due to civil unrest
This follows the escalating civil unrest in the region.
HRnetGroup profit falls 22.8% in H1 2024
The group's revenue also decreased by 2.1% on a constant currency basis.
UMS H1 net profit drops 35% to $19.5m
The decline was due to lower sales.
NODX falls 6.4% YoY in Q2 as non-electronics decline
Non-electronic NODX declined 9.2% YoY.
Weaker H2 recovery prompts Singapore to cut NODX growth forecast
The forecast was narrowed to +4.0% to +5.0%
CCCS greenlights Esteel’s partial stake acquisition in HG Metal
The competition watchdog sought public feedback from 13 June until 26 June.
Small firms lag in sustainability governance despite reporting improvements
Only 67% of smaller firms have a designated sustainability board member or committee.
Daily Markets Briefing: STI down 0.8%; Top stock is DFIRG USD
DFIRG USD is the top stock with a 5.68% increase.
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