Daily Briefing: In-demand banking jobs in Singapore; Frasers Logistics to raise S$900m

And here’s what the fixed rate home loan package means for Singaporeans.

Have you ever wondered which jobs are the most in-demand despite this year's economic gloom? Now that we’re almost halfway through 2016, buzzing words like retrenchment and a slowing economy hanging bitterly in the air, it is difficult for many to remain completely composed. Contrary to what many people think, banking professionals aren’t immune to business cycle dips and surges. Despite the lacklustre global economic outlook, according to Randstad Singapore, banks are still looking to hire talents to fill up the gaps in a multitude of key areas in the banking world. Read more here.

Frasers Logistics & Industrial Trust intends to raise up to S$900 million in its initial public offering (IPO). If it proceeds as planned, this would be the largest listing in Singapore since 2013, reported Bloomberg. Sponsored by Frasers Centrepoint , the trust will hold a total of 51 properties that were acquired after its backer purchased Australand Property Group in 2014. According to a prospectus submitted to the local stock market on Friday (3 June), the trust will offer shares at 85 to 89 Singapore cents apiece. Find out more here.

It’s 2016 and almost everyone in Singapore has a smartphone. So it’s hard to imagine that there was a time, not so long ago, when a mobile phone without a keypad was considered an impractical concept. Apple changed all that with the iPhone, and since then, an idea that no one thought would work has become the new standard for all mobile phones. Apple has continually led the way in terms of innovation, with everyone else just playing catch-up. Read more here.

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