Singapore

They will be attracted to the banks’ strong balance sheets and access to USD funding.

The IT industry saw the highest demand in recruitment activity for the month.

Its initial portfolio comprises 97 commercial buildings in the UK.

The best-performing IT stock saw its total returns hit 154.3%.

Local governments in Wuhan and Xi’an cities required the closure.

Recipients may use their UnionPay cards to withdraw money in China.

The index fund plans to capture $1.01b (US$750m) assets under management within 2020.

It will reduce the pot to $30m if advisors do not support the restructuring agreement.

And Steve Leonard to step down as SGInnovate founding CEO.

Nearly half of the units are between 200-299 sqm in size.

Medtecs International led the gains amongst top active stocks with a 65.39% jump. The Straits Times Index ended 58.77 or 1.81% lower at 3,181.25. The top active stocks were Medtecs International, which surged 65.39%, Singtel, which fell 0.89%, DBS, which inched down 1.34%, Genting Sing, which contracted 3.85%, and Capitaland with a 4.89% decline. The FTSE Mid Cap slid 2.15% whilst the FTSE Small Cap fell 2.41%.

The protectionist sentiment that is spreading throughout the global economy has put governments around the world on tenterhooks. Even as Singapore continues to perform well, it narrowly avoided a technical recession in the third quarter of 2019 and will need to remain vigilant.

The global economy has slowed significantly over the last 12 months. According to the International Monetary Fund, global growth likely fell from 3.6% in 2018 to an estimated 2.9% in 2019 (IMF, 20 January 2020).

Acts on money changing and payment systems have been repealed.

The company aims to fill the market gap of grade A logistic properties in Japan.

Data centres could feature more strongly in its deal pipeline.