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Cambridge Industrial Trust: The trust on Friday reported a 10.9 per cent year-on-year drop in its second-quarter distributable amount to S$14.07 million, as earnings in the same period a year ago were lifted by a one-off capital distribution.
CapitaLand Mall Trust: The trust on Friday reported a 3.3 per cent rise in its second-quarter distributable income to S$97.1 million, lifted by higher revenue. This translates into distribution per unit of 2.74 Singapore cents for the three months ended June 30, 2016.
Revenue for Q2 came in at S$170.9 million, up 7.1 per cent year on year, mainly due to contribution from Bedok Mall and higher rental achieved for IMM Building, Tampines Mall and Bukit Panjang Plaza.
DBS Bank: The Monetary Authority of Singapore (MAS) has criticised local lender DBS Bank, Standard Chartered Singapore and UBS Singapore for "control failings" linked to flows from Malaysia's embattled state fund 1MDB, and said it will take "decisive actions" against financial institutions used as conduits for these questionable fund flows.
More banks may be fingered in the days ahead as the 1MDB scandal widens its reach into Singapore's financial sector, even as MAS stressed that the lapses at the three major banks in the city-state did not point to pervasive weaknesses in control processes.
Ezra Holdings: The group's 50:50 joint venture with Chiyoda Corporation - Emas Chiyoda Subsea - will take up close to 40 per cent of a US$1.6 billion contract awarded by Saudi Arabian oil giant Saudi Aramco.
Emas Chiyoda Subsea has, in partnership with Larsen & Toubro Hydrocarbon Engineering, been awarded the contract and they will provide integrated engineering, procurement, construction and installation services for the development of the second phase of the Hasbah Offshore Gas field.