Saturday, 22 August 2015

Singapore News Highlights

Following Japan's stock market, Singapore share prices opened lower with the Straits Times Index (STI) down 5.31 points or 0.15 per cent to 3,507.69.

Private healthcare provider Raffles Medical Group posted a 2.9 per cent year-on-year rise in net profit to S$14.98 million for Q1 FY15 while revenue jumped 8.5 per cent to S$95.02 million.

DBS Group Holding, Southeast Asia's largest lender, posted higher first-quarter profit as net interest income increased. Net income gained 3 percent to S$1.27 billion for the three months ended March 31.

Frasers Commercial Trust (FCOT) has entered into a conditional sale and purchase agreement with Australand Property Holdings to acquire a commercial property in Melbourne for A$222.5 million (S$232 million).

Profits earned by Chinese industrial firms fell 0.4 per cent in March from a year earlier to 508.61 billion yuan ($82.09 billion).




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