Daily Debrief: What Happened Today (Aug 14)

Stories you might have missed

UOB plans to move some back, middle-office functions to Malaysia; aims to sustain ROE at 14% by 2026

UOB will move some of its back and middle-office functions to Malaysia, mainly in capital city Kuala Lumpur (KL), as it looks to maintain its cost-to-income ratio at 40 per cent by 2026, said group chief financial officer Lee Wai Fai.

9 in 10 households that sold part of remaining lease back to HDB received S$100,000 to S$300,000 each

MORE than 12,000 households have taken up the Housing & Development Board’s (HDB) Lease Buyback Scheme since its inception in 2009, with nearly 90 per cent receiving between S$100,000 and S$300,000 from it. 

CDL posts 32% rise in H1 profit to S$87.8 million

CITY Developments Ltd’s net profit for the first half-year ended Jun 30, 2024, rose 32 per cent on the year to S$87.8 million from S$66.5 million. This comes even as the company’s revenue fell 42.2 per cent to S$1.6 billion from S$2.7 billion.

Green data centres, energy transition among most promising growth areas in sustainable financing: UOB

Green data centres, energy transition, food security and industrials are the most promising growth areas in sustainable financing, said UOB’s head of sector solutions group and global financial institution group Lim Lay Wah on Wednesday (Aug 14).

ST Engineering’s H1 profit rises 19.9% to S$336.5 million

SINGAPORE Technologies Engineering’s (ST Engineering) net profit for the first half ended Jun 30, 2024, grew 19.9 per cent year on year to S$336.5 million from S$280.6 million previously.

Singapore stocks close in the black; STI up 0.9%, led by Wilmar

SINGAPORE equities ended Wednesday (Aug 14) higher as investors took stock of ongoing first-half earnings reports.