The Business Times
Wong Pei Ting

Wong Pei Ting

CORRESPONDENT

Wong Pei Ting specialises in environmental, social, and governance (ESG) regulation and policies, and is a member of the Reuters Institute’s Oxford Climate Journalism Network.

emailwongpeiting@sph.com.sg
The deal involves building and developing a large-scale integrated project with 50 megawatts of solar capabilities and 14 megawatt-hour of battery energy storage in Nusantara.

Sembcorp enters utility-scale solar development in Indonesia through JV with local unit

SEMBCORP Industries marked its entry into utility-scale solar development in Indonesia through a joint venture (JV) with a unit linked to PLN, an Indonesian government-owned utilities corporation. 

Female representation on the Singapore companies’ boards strengthened in 2023; one in four board seats was filled by a woman then, up from one in five in 2022.

Women CEOs down to 12.5% in Singapore in 2023: MSCI report

FEWER women are leading Singapore’s large and mid-cap companies as chief executive officers, with the figure dipping 1.1 percentage points to 12.5 per cent. This bucks the trend in Asia-Pacific (Apac)...

The company attributed the drop in revenue to falling sales of residential units in Concourse Skyline, a condominium in Beach Road.

Hong Fok H2 net profit falls 61.5% as Concourse Skyline sale dips

PROPERTY developer Hong Fok posted a net profit of S$81.2 million for the second half of 2023 on Thursday (Feb 29), a 61.5 per cent drop from its earnings of S$211 million in the year before.

The dividend policy is revised upwards to no less than 30 per cent of the group’s profit after tax and minority interests, excluding exceptional items, from a ‘no less than 20 per cent’ policy.

IHH Healthcare revises dividend policy upwards; reports 280% Q4 earnings jump

INTEGRATED healthcare provider IHH Healthcare on Thursday (Feb 29) enhanced its dividend policy, while reporting earnings of RM727.5 million (S$205.8 million) for the fourth fiscal quarter ended Decem...

CapitaLand Ascott Trust, ComfortDelGro, Keppel DC Reit, Keppel Reit and Suntec Reit are in the STI reserve list.

Frasers Centrepoint Trust to be added to Straits Times Index on Mar 18; Emperador dropped

FRASERS Centrepoint Trust (FCT) will be added to the Strait Times Index (STI), Singapore’s main stock market benchmark, on Mar 18, replacing Philippine liquor giant Emperador.

Gross profit margin for the half-year rose 3.4 percentage points on the year to 32.4 per cent on the group’s cost optimisation efforts, Yeo Hiap Seng said.

Yeo Hiap Seng H2 profit jumps 183% to S$3.4 million on cost optimisation

FOOD and beverage player Yeo Hiap Seng on Thursday (Feb 29) posted a 183 per cent rise in its net profit for the second half of 2023 to S$3.4 million, from S$1.2 million in the year-ago period. 

Cosco Shipping's board is not proposing a dividend this year, the same as in FY2022.

Cosco Shipping returns to black in FY2023, as H2 net loss narrows significantly

LOGISTICS management service provider Cosco Shipping International (Singapore) on Thursday (Feb 29) recorded a full-year net profit of S$1.9 million, reversing from an S$88.6 million loss a year ago.

If adjusted to exclude the one-off gain recognised in FY22 from the sale of the Alperton property in London, the earnings had in fact risen 26.6 per cent, from FY22’s S$142.6 million, the company highlighted.

ComfortDelGro H2 net profit up 76.5% as core public transport, taxi, private hire takings grow

TRANSPORT operator ComfortDelGro on Thursday (Feb 29) announced a net profit of S$102 million for the second half of 2023, up 76.5 per cent from S$57.8 million in the year-earlier period.

For the full year, the group’s revenue has risen 22.7 per cent to S$114.9 million, from S$93.7 million in FY22, while net profit has grown 11.3 per cent to S$7.2 million, from S$6.5 million before.

Amara Holdings H2 profit grows 2% to S$6.5 million

AMARA Holdings on Wednesday (Feb 28) announced a net profit of S$6.5 million for the second half of 2023, up 1.6 per cent from the year-ago period.

Vincent Toe, CEO of Yangzijiang Financial, says the proposed final cash dividend of S$0.022 per share comes as a “reward” for shareholders amid the group’s improved performance in FY2023.

Yangzijiang Financial H2 profit jumps 53.3% as dividend income surges to S$6.3 million

YANGZIJIANG Financial Holding posted a net profit of S$39.3 million for the six months ended Dec 31, 2023, up 53.3 per cent from earnings of S$25.6 million in the year-ago period.

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