The Business Times

Benicia Tan

emailbenicia@sph.com.sg
Operations manager Johann Magnusson shows the seaweed which Lava Seaweed grows using nutrient-rich repurposed wastewater from fish farms.
THE BROAD VIEW

How Iceland’s fish-farms are helping to cut greenhouse gas emissions – from cows

Nutrient-rich wastewater is used to grow seaweed for cow feed, which reduces methane from burping cattle

Packets of salmon in Icelandic supermarkets are labelled to indicate that the fish is farmed in land-based facilities.
THE BROAD VIEW

Iceland looks to inland salmon farming for a greener way to meet demand

The country’s S$435 million aquaculture industry aims to strike a balance between growth and sustainability

Harry, a Singapore special at Causes from Animals Singapore, one of the animal shelters at The Animal Lodge. With the tenancies for shelters at The Animal Lodge expiring, tenants are anxious about their future.
BRUNCH

Tight quarters, ticking clock: Local animal shelters face expiring tenancies – again

Potential relocations, stringent land-zoning laws and competition for space put animal shelters in a state of limbo

Maybank Securities and DBS Group Research both lower their price target on AEM.

Brokers’ take: AEM now in ‘hold’ position for Maybank and DBS

Both research houses cut their price targets for the company on weaker FY2024 outlook

Across the broader market,

Singapore stocks advance at Friday’s open, STI up 0.4%

SINGAPORE shares climbed on Friday (May 10) morning, mirroring overnight gains in the US and European markets.

OCBC's Q1 net profit rises 5 per cent year on year to S$1.98 billion.

Stocks to watch: OCBC, Sri Trang Gloves, Wilmar, Great Eastern, F&N, SingPost

THE following companies saw new developments that may affect trading of their securities on Friday (May 10): 

The buyer is a joint venture held by Coliwoo

LHN’s Coliwoo, Oxley boss tie up to buy Wilmer Place for S$26.5 million

The deal adds to Coliwoo’s co-living portfolio

The stapled group's revenue is up 1.7 per cent to S$63.3 million for the half-year period.

Frasers Hospitality Trust H1 DPS falls 13.7% to S$0.01091 on higher finance costs

Net property income is down 1.3 per cent at S$44.7 million from S$45.2 million

Across the broader market,

Singapore shares dip at Wednesday’s open; STI down 0.4%

SINGAPORE stocks declined at the opening bell on Wednesday (May 8) morning, tracking subdued overnight performance in the US market. 

UOB posts a Q1 net profit of S$1.49 billion, down 1.6 per cent from S$1.51 billion from a year ago.

Stocks to watch: UOB, DBS, Olam, Far East Orchard, Daiwa House Logistics Trust, Manulife US Reit

THE following companies saw new developments that may affect trading of their securities on Wednesday (May 8): 

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