PAN-ASIAN supermarket and convenience-store operator Dairy Farm International’s overall performance in the first quarter was “seriously affected” by the Covid-19 pandemic and deteriorating consumer sentiment, said the group in its interim management statement on Tuesday.
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Ascendas India Trust expects 'adverse impact' on business with India's extended lockdownTHE trustee manager of Ascendas India Trust (a-iTrust) announced on Monday that it expects “adverse impact” on its business, with the extension of India's lockdown till May 3. The country started its lockdown on March 25; it was to have ended on April 14. Read more at The Business Times.
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Jardine C&C's performance 'significantly impacted' from Covid-19 in Q1JARDINE Cycle & Carriage (JC&C) said on Monday after trading hours that the group experienced “challenging trading conditions” in the first quarter as conditions began to deteriorate across its market due to the outbreak of Covid-19. Read more at The Business Times.
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Majority of ships that called at Singapore in Q1 compliant with sulphur regulations: MPASINGAPORE - Most ships that called at the Port of Singapore in the first quarter of this year complied with tighter sulphur emission regulations, the Maritime and Port Authority of Singapore (MPA) said on Monday (April 27).. Read more at straitstimes.com.
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HSBC Q1 profit halves on higher bad loan provisions, including a 'Singapore corporate exposure'HONG KONG/LONDON (REUTERS) - HSBC Holdings' first-quarter profit nearly halved from a year-ago, missing estimates, after boosting provisions against bad loans as the coronavirus pandemic hits borrowers worldwide.. Read more at straitstimes.com.
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Sheng Siong's Q1 profit up 49.9%; staff to get additional month of salarySUPERMARKET operator Sheng Siong posted a net profit of S$29 million for its first quarter ended March 31, up 49.9 per cent from a year ago on the back of its revenue jump, better gross margin, higher other income and a less-than-proportional increase in operating expenses relative to the increase in revenue. Read more at The Business Times. Wouldn't it be great if NTUC supermarkets with a boss called SeahKianPeng reciprocate too to the staff or register all this along wif the waiver of foreign worker levy and government support on local salaries as profit?
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Ascendas Reit announces 'healthy' operational performance in Q1 updateASCENDAS Reit’s manager announced in a business update that it delivered a “healthy” operational performance for its first quarter ended March 31. Read more at The Business Times.
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