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Singtel’s Bharti Airtel, Amazon Web Services to launch cloud solutions

Updates from Singapore Business Review: Singtel's Bharti Airtel, Amazon Web Services to launch cloud solutions Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No Airtel Cloud will build an AWS Cloud Practice supported by AWS Professional Services. Singtel’s Indian associate Bharti Airtel (Airtel) has entered into a multi-year, strategic collaboration agreement (SCA) with [...]

By | August 6th, 2020|business news, News|Comments Off on Singtel’s Bharti Airtel, Amazon Web Services to launch cloud solutions

UOB’s net profits down 30% to $1.56b in H1

Updates from Singapore Business Review: UOB's net profits down 30% to $1.56b in H1 Uploaded By:  Frances Gagua Submitted By:  Staff Reporter Case Study:  No The lender has set aside more allowances for further macroeconomic deterioration. United Overseas Bank’s (UOB) net profits crashed 30% YoY to $1.56b in H1 from $2.22b a year earlier, the [...]

By | August 6th, 2020|business news, News|Comments Off on UOB’s net profits down 30% to $1.56b in H1

Alibaba Pictures plans to delist from SGX on Dec 4

Singapore Business Times (companies-markets): Alibaba Pictures plans to delist from SGX on Dec 4 DUAL-LISTED Alibaba Pictures Group on Wednesday said it plans to delist from the Singapore Exchange's mainboard on Dec 4, 2020.

By | August 6th, 2020|business news, News|Comments Off on Alibaba Pictures plans to delist from SGX on Dec 4

Sembcorp, Sembmarine urge investors to vote in favour of demerger

Singapore Business Times (companies-markets): Sembcorp, Sembmarine urge investors to vote in favour of demerger SEMBCORP Industries (SCI) and Sembcorp Marine (SMM) are calling on their shareholders to vote in favour of the proposed S$2.1 billion recapitalisation for the offshore and marine engineering group, and a demerger from each other that will result in Temasek Holdings [...]

By | August 6th, 2020|business news, News|Comments Off on Sembcorp, Sembmarine urge investors to vote in favour of demerger

DBS’ H1 net profit nosedives 26% to $2.41b

Updates from Singapore Business Review: DBS' H1 net profit nosedives 26% to $2.41b Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No The bank has cast aside $1.26b to bolster its balance sheet. DBS has posted a 26% YoY crash in its net profit to $2.41b in H1 from $3.25b in H1 2019 [...]

By | August 6th, 2020|business news, News|Comments Off on DBS’ H1 net profit nosedives 26% to $2.41b

ESR-Reit will not raise offer price for Sabana in proposed merger

Singapore Business Times (companies-markets): ESR-Reit will not raise offer price for Sabana in proposed merger ESR-REIT does not intend to increase the scheme consideration for its proposed merger with Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit), its manager said in a bourse filing on Thursday.

By | August 6th, 2020|business news, News|Comments Off on ESR-Reit will not raise offer price for Sabana in proposed merger

Daily Briefing: Singapore to widen range of visitors as tourism wanes; COE prices close higher across all categories

Updates from Singapore Business Review: Daily Briefing: Singapore to widen range of visitors as tourism wanes; COE prices close higher across all categories Uploaded By:  Janine Ballesteros Submitted By:  Janine Ballesteros Case Study:  No And Singapore-listed KS Energy CEO charged with market rigging offences. From Bloomberg: Singapore is seeking to open the door to a [...]

By | August 6th, 2020|business news, News|Comments Off on Daily Briefing: Singapore to widen range of visitors as tourism wanes; COE prices close higher across all categories

Singapore Medical Group H1 profit nearly halves to S$3.5m on lower revenue

Singapore Business Times (companies-markets): Singapore Medical Group H1 profit nearly halves to S$3.5m on lower revenue SINGAPORE Medical Group (SMG) posted a 49.5 per cent drop in net profit to S$3.5 million for its first six months ended June 30, 2020, from S$6.8 million a year ago.

By | August 6th, 2020|business news, News|Comments Off on Singapore Medical Group H1 profit nearly halves to S$3.5m on lower revenue

UOB’s Q2 net profit down 40% on weaker income and higher provisions; DPS at 39 cents with scrip scheme applied

Singapore Business Times (banking-finance news): UOB's Q2 net profit down 40% on weaker income and higher provisions; DPS at 39 cents with scrip scheme applied UOB on Thursday posted a 40 per cent drop in second-quarter net profit, hurt by weaker income and a surge in provisions.

By | August 5th, 2020|Banking & Finance, business news, News|Comments Off on UOB’s Q2 net profit down 40% on weaker income and higher provisions; DPS at 39 cents with scrip scheme applied