In Focus
DBS hits all-time high stock price of $31.47
DBS hits all-time high stock price of $31.47
This is the first time a stock traded above $31 per unit for one session.
Singapore is the 5th most active real estate investment market in APAC
Investment activity in the Singapore real estate market was up 97% in the first half of the year.
Singapore ranks 4th most expensive market to build in Asia
Lion City’s construction market continues to face significant manpower shortages and supply chain constraints.
A rough landing: Changi slips to 3rd place in World’s Top Airports
Doha Hamad and Tokyo Haneda break Singapore Changi’s seven year streak as the world’s best airport.
Fully vaccinated individuals allowed to attend larger events: Lawrence Wong
Minister of Finance Lawrence Wong details how Singapore plans to ease its restrictions in the coming days.
Singapore's retail sales rise 25.8% in June
This is attributed to the low base in June 2020 when physical stores were closed.
Singapore banks post robust net profit results
All three major banks reported net profits of more than $2b for the first six months of 2021.
Marketing Briefing: F&B, groceries to thrive in 24/7 service
This is driven by the 2.2 billion internet users in the Asia Pacific region.
SPH shareholders to receive $2.099 per share following acquisition by Keppel
Keppel Corp has proposed the acquisition of SPH, minus its media assets, for $2.2b.
86,600 SG residents jobless in June amidst heightened alert and Delta jitters
Total employment fell in the second quarter by 15,700.
Keppel Corp posts plans to acquire SPH ex-media for $2.2b
The proposed transaction is expected to be completed by December 2021.
SGD to weaken to $1.35/USD amidst COVID-19 woes: Fitch
Fitch Solutions expects the Singapore dollar to trade between $1.35 to $1.38 against the greenback for 2021.
Clothes and Kpop: Singaporean overseas purchases spikes 84% by June 2021
One in two Singaporeans spends an average of $50 to $150 per online transaction.
Industrial production rockets with 27.5% growth
This is the highest industrial growth recorded since November 2010.
June CPI remains elevated at 2.4% YoY
MAS upgraded its 2021 official headline CPI from 0.5%-1.5% YoY to 1%-2% YoY.
Industrial rent grows for the third consecutive quarter by 0.6%
The occupancy rate for the overall industrial property market was at 90.1% as of end-June.
Retail, F&B, services sectors appeal for aid to weather second Phase 2(HA)
These sectors have been greatly affected by the 16-month “roller coaster” of tightening and loosening restrictions.
Commentary
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