Covid-19

Results

PropNex embraces digitalisation, reports 160% surge in 1H earnings to $14.8 mil

The Covid-19 pandemic may have brought about strict social distancing measures, especially during the circuit breaker, but that has not deterred real estate agency PropNex from marketing and sellin

Results

Haw Par's roar muffles with a 19.1% drop in earnings to $91.0 mil in 1H2020

Earnings of Tiger Balm maker Haw Par Corporation dropped 19.1% to $91.0 million in 1H2020 ended June, from $112.5 million a year ago, due to the lockdowns and travel restrictions imposed

Singapore economy

Economists mixed on road ahead for Singapore

Economists are maintaining a cautious stance on Singapore’s economic growth for the year as the city-state reels from the Covid-19 bug. 

Results

Centurion reels from Covid-19 as earnings dip 10% from costs to manage infection spread

Earnings of Mainboard-listed dormitory operator Centurion Corporation slipped 10% to $9.1 million in 2Q2020 ended June 30, from the $10.2 million posted a year ago.

CoVid-19

Putin approves first Covid-19 vaccine even as clinical trials go on, hopes to 'begin mass production' soon

President Vladimir Putin said Russia cleared the world’s first Covid-19 vaccine for use and hopes to begin mass inoculation soon, even before clinical testing has finished.

CoVid-19

Workers dorm in Singapore 'cleared' of Covid-19, MOM says

All workers’ dormitories in Singapore, where the bulk of the confirmed cases took place, have been declared by the Ministry of Manpower to be cleared of Covid-19.

Results

Koufu posts 82% decline in 1H earnings to $2.5 mil; interim dividend cut by half

Koufu saw a large chunk of its 1H20 earnings bitten off due to the impact of the Covid-19 outbreak. Earnings came in at $2.5 million, some 82.0% lower than $14.1 million recorded in 1H19.

CoVid-19

Russia has registered its first Covid-19 vaccine, says Putin

Russia registered its first coronavirus vaccine, President Vladimir Putin said during a televised meeting with the government.

Broker's Calls

Robinson Point sale points to Tuan Sing re-rating, says DBS Group Research

DBS Group research analyst Derek Tan is predicting a re-rating of real estate firm Tuan Sing Holdings following the $500 million sale of its Robinson Point property.

Labour market

SGUnited Jobs and Skills package makes 24,000 placements as at end July

Some 24,000 people have been placed under the SGUnited Jobs and Skills package as at end July, the Ministry of Manpower (MOM) revealed in the first of its series of weekly updates on Singapore’s jo

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