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  • EdgeProp

    PropNex reported FY2021 revenue of $957.5 mil, an 86.5% y-o-y growth

    Ismail Gafoor (centre) and the PropNex top management (Photo: Samuel Isaac Chua/EdgeProp Singapore)SINGAPORE (EDGEPROP) - Singapore-listed property agency PropNex reported earnings of $14.3 million for the 4Q2021 ended December, 90.5% higher than earnings of $7.5 million in the same period the year before.The quarter’s earnings have brought the SGX-listed property agency’s FY2021 earnings to $60.0 million, more than double the earnings of $29.1 million in the FY2020.Revenue for the 4QFY2021 grew

  • Reuters SG

    RPT-EMERGING MARKETS-Most Asian currencies ease, record COVID cases weaken S.Korean won

    The U.S. economy created more than expected jobs in January, despite disruptions to consumer-facing businesses from a surge in COVID-19 cases, increasing the chance of a larger Federal Reserve interest rate rise at the March policy meeting. The Indonesia rupiah also weakened 0.1%, but held steady at that level as the country's fourth quarter gross domestic product growth accelerated 5%, slightly faster than expected, on the back of high commodity prices and the loosening of anti-virus curbs. Meanwhile, shares across the region were mixed, with China gaining strongly coming out of a week-long Lunar New Year break to rise about 2%, while Philippine stocks dipped about 1%, after rising nearly 3% last week.

  • Reuters SG

    EMERGING MARKETS-Most Asian currencies ease, record COVID cases weakens S.Korean won

    * Indonesia's Q4 GDP up 5.02% vs Reuters poll of 4.90% * China shares jump up to 2.1%, sharpest gain since May * Won leads losses, set for sharpest drop since Jan 27 By Savyata Mishra Feb 7 (Reuters) - Most Asian currencies eased on Monday as strong U.S. jobs growth data reinforced expectations for Federal Reserve interest rate hikes, while the South Korea's won was further weakened by record COVID-19 cases in the country. The U.S. economy created more than expected jobs in January, despite disruptions to consumer-facing businesses from a surge in COVID-19 cases, increasing the chance of a larger Federal Reserve interest rate rise at the March policy meeting. The Indonesia rupiah also weakened 0.1%, but held steady at that level as the country's fourth quarter gross domestic product growth accelerated 5%, slightly faster than expected, on the back of high commodity prices and the loosening of anti-virus curbs.