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Anti-money laundering bill to tighten customer due diligence checks in casinos
Anti-money laundering bill to tighten customer due diligence checks in casinos
The bill seeks to lower the threshold for suspicious transactions to S$4,000.
Soon Liang Holdings Ltd. anticipates rebound in H1 24
The company reported a net loss of $2.6m H1 2023.
Singapore to set casino entry levies at $150 daily and $3,000 annually
The bill also seeks to simplify regulations for casino contracts.
CSE Global’s H1 net profit surges 36.4% to $15.0m
The growth was driven by broad-based growth across all business segments and geographical regions.
Riverstone Holdings' revenue climbs 7.4% in H1 2024
However, revenue for Q2 2024 remains stagnant.
ARA US Hospitality Trust hit by 4.4% YoY NPI drop on revenue shortfall
Its revenue slipped 2.4% YoY in H1 2024.
Fraser and Neave profit rises 37.3% YoY to $123M in 9M 2024
Its F&B segment helped boost its profit.
Cromwell European REIT suffers 9.5% DPU decline on asset sales impact
Apart from lower DPU, the REIT recorded lower net property income.
Elite UK REIT's NPI falls 4.7% YoY to £18.7m on vacancy costs
The REIT's lower NPI led to a 1.7% YoY drop in unitholder distribution.
Yeo Hiap Seng H1 net profit down 3%
The decline was due to currency volatility, freight disruptions, and lower product sales.
MAS confirms no competitive concerns with Allianz deal
Income's market share in life and general insurance is less than 10%.
Nearly half of Singapore retailers struggle with brand awareness
Ad and email fatigue emerged as the primary obstacle.
Geo Energy signs USD150m contract for integrated infrastructure development
The project will bring the company’s road haulage capacity to 40-50 million tonnes per year.
Daily Markets Briefing: STI down 1.09%; Top stock is YZJ Shipbldg SGD
YZJ Shipbldg SGD is the top stock with a 1.74% increase.
Expert cuts shophouse sales forecast to $700m-$800m for 2024
The previous projection was $1.1b-$1.2b.
Citi Singapore nets ex-DBS COO as new CEO
She is also the new wealth head for the South Asia cluster.
Retail sales dip 3.7% YoY in June amidst slow tourism recovery
Major events and cash handouts may boost retail sales.
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