Singapore Business Review

Retail sales jump 17.8% YoY in May
Excluding motor vehicles, total retail sales increased by 22.6% YoY.
Property investment sales jump to $8.2b in Q2 22
Sales were driven by the commercial sector.
Gov’t sees no recession in 2023: Tan
Authorities readied plans to combat high inflation.
Singapore PMI edges lower by 0.1 in June
The electronics industry posted a strong performance last month.
Home affairs ministry eyes amending law on renovation fraud
From 2019-2021, there were 100 cases involving errant renovation contractors.
Rising interest rates: Which SREIT will be the biggest loser?
The DPU of an industrial REIT is expected to drop 15.0% in 2023.
NUS’ new hydrogen research institute starts operation
The Centre for Hydrogen Innovations has received S$25m investment.
Yanlord Land Group’s contracted pre-sales rise to $6.5b in H122
The H122 pre-sales translate to a 9.5% YoY jump.   Yanlord Land Group’s contracted pre-sales from residential and commercial units, and car parks rose by 9.5% YoY to $6.5b (RMB31.394b) in H122, its latest unaudited operating figures revealed.
SG is 2nd most transparent real estate market in Asia
The market improved its data coverage and sustainability commitments.
EMA opens for second wave of proposals for electricity imports
Bids for electricity supplied by coal-fired generation technologies will be rejected.
CHART OF THE DAY: IPOs in Singapore and neighbouring markets
IPOs raised $614.7m (US$0.44b) from January to May 2022
Market update: STI up 0.84%
Two of Singapore's biggest banks topped the index.
Gov’t to push through with GST increase despite rising inflation
The GST will be increased from 7% to 8% on 1 January 2023, and to 9% on 1 January 2024. 
Fintech YouTrip launches online travel insurance in platform
The company’s business reportedly grew four times in Q2 compared to 2021.
Singapore cruise industry to drift to 2019-level recovery 
In 2019, over 400 cruise ships were called at Singapore ports.

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Exclusives

Exclusives

HR & Education Under a microscope: Foreigners and firms face tougher scrutiny under new EP application policy
Applicants will now need to pass a points-based evaluation and meet a higher qualifying salary. 
Information Technology A new canvas: Why artists are jumping into the NFT space
Entering the digital space allows an artist to earn more through royalties each time their art sells.
HR & Education Look locally: HR experts advise firms amidst stricter working permit system
Foreign workers will be subject to increased scrutiny under the upgraded EP application system.
Retail Recurring mega sales have their own dangers
An expert from Intrepid warned against ‘shopper fatigue’ triggered by frequent large-scale shopping events.
One chat away: Conversational commerce levels the playing field for brands online
Leaving consumers with unanswered queries can result in $2m missed revenue per day. 
Information Technology Want to be the next Ninja or PewDiePie? This startup can help gamers level up in the industry
Yup.gg CEO Raiford Cockfield III said his team's goal is to professionalise all gamers.
Why this SG-based fintech firm is ending the pen-and-paper era of financial advisors
GoalsMapper used its cloud-based platform to help financial advisors support 80,000 clients.

Top News

Retail sales jump 17.8% YoY in May
Excluding motor vehicles, total retail sales increased by 22.6% YoY.
Property investment sales jump to $8.2b in Q2 22
Sales were driven by the commercial sector.
Gov’t sees no recession in 2023: Tan
Authorities readied plans to combat high inflation.
Singapore PMI edges lower by 0.1 in June
The electronics industry posted a strong performance last month.
Home affairs ministry eyes amending law on renovation fraud
From 2019-2021, there were 100 cases involving errant renovation contractors.
Rising interest rates: Which SREIT will be the biggest loser?
The DPU of an industrial REIT is expected to drop 15.0% in 2023.
NUS’ new hydrogen research institute starts operation
The Centre for Hydrogen Innovations has received S$25m investment.
Yanlord Land Group’s contracted pre-sales rise to $6.5b in H122
The H122 pre-sales translate to a 9.5% YoY jump.   Yanlord Land Group’s contracted pre-sales from residential and commercial units, and car parks rose by 9.5% YoY to $6.5b (RMB31.394b) in H122, its latest unaudited operating figures revealed.
SG is 2nd most transparent real estate market in Asia
The market improved its data coverage and sustainability commitments.
EMA opens for second wave of proposals for electricity imports
Bids for electricity supplied by coal-fired generation technologies will be rejected.
CHART OF THE DAY: IPOs in Singapore and neighbouring markets
IPOs raised $614.7m (US$0.44b) from January to May 2022
Market update: STI up 0.84%
Two of Singapore's biggest banks topped the index.
Gov’t to push through with GST increase despite rising inflation
The GST will be increased from 7% to 8% on 1 January 2023, and to 9% on 1 January 2024. 
Fintech YouTrip launches online travel insurance in platform
The company’s business reportedly grew four times in Q2 compared to 2021.
Singapore cruise industry to drift to 2019-level recovery 
In 2019, over 400 cruise ships were called at Singapore ports.

Exclusives

HR & Education Under a microscope: Foreigners and firms face tougher scrutiny under new EP application policy
Applicants will now need to pass a points-based evaluation and meet a higher qualifying salary. 
Information Technology A new canvas: Why artists are jumping into the NFT space
Entering the digital space allows an artist to earn more through royalties each time their art sells.
HR & Education Look locally: HR experts advise firms amidst stricter working permit system
Foreign workers will be subject to increased scrutiny under the upgraded EP application system.
Retail Recurring mega sales have their own dangers
An expert from Intrepid warned against ‘shopper fatigue’ triggered by frequent large-scale shopping events.
One chat away: Conversational commerce levels the playing field for brands online
Leaving consumers with unanswered queries can result in $2m missed revenue per day. 
Information Technology Want to be the next Ninja or PewDiePie? This startup can help gamers level up in the industry
Yup.gg CEO Raiford Cockfield III said his team's goal is to professionalise all gamers.
Why this SG-based fintech firm is ending the pen-and-paper era of financial advisors
GoalsMapper used its cloud-based platform to help financial advisors support 80,000 clients.

Join the Singapore Business Review community