Singapore
Daily Briefing: Temasek and Tencent invest $47.8m in London-based fintech; GIC raises stake in Julius Baer
And Credit Counselling Singapore has launched programme to help cash-strapped SMEs.
Chart of the Day: Office rents rose 1.5% in Q1
Rents in Beach Road/Middle Road saw the highest increase at 3.1%.
Online hiring for telecom and BPO roles up 39% in April
However, Singapore was outpaced by Malaysia with a 43% growth in online recruitment.
Singapore trails Hong Kong, Japan in ease of doing business
It ranks sixth in Asia as the burden of additional compliance requirements pull Singapore down.
Singapore GDP to lag ASEAN peers in 2019: ICAEW
Economic growth is expected to decline to 1.9% from 3.1% in 2018.
Malaysia hospital developments could uplift IHH earnings
It is also beginning to reap better contributions from Fortis.
Fintech firm ayondo's shareholders vote to sell UK unit
The resolution received close to no opposition at the firm’s extraordinary general meeting.
Keppel O&M associate to merge with European semi-submersible vessel operator
Prosafe will acquire all of the ordinary shares in the capital of Floatel based on a 55:45 exchange ratio.
Singapore Press Holdings arm secures $354.93m loan
It will be used to partially repay its borrowings for its UK student accommodation acquisitions.
Manufacturing PMI falls to 49.9 in May after 32-month expansion streak
New orders, new exports, factory output, inventory, and employment level all slowed down.
Wilmar to buy Chinese yeast and bakery business with UK's ABF
The firms will construct a new yeast plant in Qiqihar City.
SAL launches Asia-wide legaltech accelerator
It is looking for firms that startups focused on artificial intelligence, blockchain and advanced analytics.
Consumers hold grudges after getting bad customer service: report
About 47% displayed negative buying behaviour two years or more after going through a bad experience.
Share buybacks hit 9 month high of $131.1m in May
DBS led the buyback spree after re-purchasing $65.68m worth of their shares. Buyback considerations more than tripled to $133.1m in May from $35.1m the previous month with a total of 24 SGX-listed stocks reporting buybacks of about 39.1 million shares, according to SGX. The latest figure marks a nine-month high since August when total buybacks hit $245.4m. Also read: Share buybacks plummeted 69.23% to $36m in April
Daily Markets Briefing: STI up 0.18%
Don’t expect gains today.
Chart of the Day: Industrial property supply to crash in 2022
The decline will be partially countered by the launch of data centres in the coming years.
Commentary
‘Tokenmaxxing’ – The wrong AI race to run in Singapore
To outsmart modern fraud, we must first know the enemy
Why Singapore SMEs cannot wait for quantum cyber risk to arrive before securing data
Is Singapore's emphasis on long-term security and stability hindering purpose-driven employees?
When Singapore's agentic AI ‘chefs’ arrive, will the kitchen be ready for them?
What Singapore’s app store rules reveal about the future of online trust
Faster hiring alone will not fix construction’s productivity problem
Beyond policy: How Singapore's service sector can win at the frontline
Solving the production problem behind Singapore’s ‘pilot purgatory’
Transformation without disruption: Your Existing ERP is an accelerant to business innovation