Singapore

Daily Markets Briefing: STI up 0.07%

Singtel led the gains amongst top active stocks with a 1.27% climb.

Chart of the Day: Island-wide vacancy rate in retail dipped to 7.7% in Q2

This was due to the increase of retail space demand in Funan and suburban areas.

New hawker stallholders to pay lower rents

New stallholders will also enjoy a 10% rental remission until February 2020.

Growth in services sector's business receipts moderates to 2.8% in Q2

But the transport and storage services industries continued to grow by 5.6%.

Unlocking the promises of a Smart City

Most probably, you have heard the terms "smart city" or "future city", which generally refers to urban centres that rely on technology to improve the lives of citizens. Many of us already live in smart cities without even realising it. Singapore itself is a prime example, with its Smart Nation transformation well underway since 2014, Singapore is leveraging sensors, the Internet of Things and data analytics to tackle a diverse range of problems, from traffic congestion to healthcare.

EDBI invests in Cityneon Holdings

Cityneon will use the funds to fuel its expansion plans.

Foreigners snapped up 23% of month-to-date private condo purchases

Buyers from China, Hong Kong and Taiwan and unspecified origin accounted for 16% of the transactions.

MICE market accounted for $2.2b of tourist receipts in 2018: report

The Sands Expo & Convention Center hosted approximately 1.4 million delegates last year.

Frasers Property to redeem $600m of perpetual bonds

It comes at a redemption price of $250,000 for every $250,000 nominal amount.

Singapore to sell $2.9b of reopened 2029 debt

This is the second-largest amount on record for 10-year tenors.

AIA Singapore's premium income up 7% to $1.46b in H1

It cited the growth of its renewal premiums.

Utico inks restructuring agreement with Hyflux

The utility firm assured that they will take “swift action” on Hyflux’s projects.

IPOS launches new unit to help businesses commercialise intangible assets

One of the programmes offered is Illuminate for Enterprises, which can assess firms' IP management status.

StarHub inks data connectivity deal with Chinese telcos

Singapore firms in Chongqing can soon work with their preferred ISP provider in China.

ST Engineering's North American unit launches US$1.5b note programme

It will issue short-term unsecured notes for tenors up to 397 days.

Default risks rise as Singapore struggles with $12b of maturing bonds

Distress may spread to sectors like logistics, O&G and construction.