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Daily Debrief: What Happened Today
DBS Group Holdings will pay S$1.20 per share in dividends from 2018 onwards - double its payout in three of the past four years, the bank said on Thursday.
The lower half of households in Singapore saw their incomes from work grow last year, but at a slower pace than the wealthier half. Still, according to a Department of Statistics (DOS) report released on Thursday, income inequality changed little from 2016, as government transfers and taxes narrowed the gap between the rich and poor.
HDB resale prices dipped 0.5 per cent in January compared with December last year (2017), coupled with a 31.4 per cent drop in sales volume, according to SRX Property flash estimates released on Thursday.
Singtel's third-quarter results were in line with expectations, said analysts on Thursday morning as they also said the stock is too cheap to ignore.
Food and beverage group Sakae Holdings on Thursday announced that its subsidiary, Sakae Fintech, has signed a memorandum of understanding (MOU) with Ffastpay, a unit of electronic payment solutions provider Mobile Credit Payment (MC Payment), to develop a custom blockchain to generate a food and beverage (F&B) digital token - "Bitecoin", for the South-east Asia market.
Launch customer Singapore Airlines (SIA) will deploy its first Boeing 787-10 aircraft, with new regional cabin products, to Osaka from May this year. The airline, which has 49 Boeing 787-10s on firm order, will take delivery of its first B787-10 from Boeing's South Carolina production facility in March.
DBS will end financing of projects that burn low-grade coal, or what is known as "dirty coal", by the end of the year, its chief executive Piyush Gupta said on Thursday.
Elbe Flugzeugwerke (EFW), the joint venture between ST Aerospace and Airbus, has entered into a letter of intent (LOI) with Guangdong Aerocity Holding Co (GDA) for a potential order of 10 A320 Passenger-to-Freighter (P2F) conversions.
- Singtel Q3 profit down 8.5% to S$890m on lower contributions from units
- First Sponsor Q4 profit falls 41.5% in absence of one-off gain; announces rights, bonus issues
- Perennial Q4 profit up 7.9% to S$27.6m
The STI Today
Singapore stocks finished almost 1 per cent higher on Thursday, with the Straits Times Index rising 32.13 points to 3,415.90.