Singapore

Banks poised for widening NIMs

Banks poised for widening NIMs

DBS and UOB posted sequential 5bps and 3bps widening respectively in Q1.

Keppel sells Shenyang City township project for $105m

It sold its interests in Keppel Bay Property Development Shenyang, which owns the project.

RCR private condo prices up 12.6% in April

This helped boost overall prices by 9.5%.

Changes must be made if Singapore is to stay ahead of the curve in cryptocurrencies

Ravi Menon, managing director of the Monetary Authority of Singapore recently claimed: “I do hope when the fever has gone away, when the crash has happened, it will not undermine the much deeper, and more meaningful technology associated with digital currencies and blockchain." Singapore’s relationship with cryptocurrencies has been a torrid one. Menon’s wish illustrates how senior financial figures in Singapore understand both the benefits of bitcoin and its ilk, but also have serious reservations about the maturity of this asset class. 

CBD rent hikes could lure tenants to fringe areas

Tenants are resisting rent hikes in the CBD, which rose 1.3% QoQ.

Daily Markets Briefing: STI down 0.35%

Investors are urged to take caution.

Vouch Insurtech incentivises safe drivers

Members who don't make claims can enjoy up to 15% cashback on annual premiums.

Government land sales set benchmark prices in Q1

The highest bid for Sumang Walk at $583 psf ppr hit a record-high.

Circles.Life to exchange data for public transport rides

It offers customers 100MB for every 10 rides using EZ-Link on public transport.

Shophouse sales soared 281% to $478.6m in Q1

The strong demand came from local and foreign high net worth individuals.

3 in 10 bosses could pay bribes to win business

There remains a mismatch between intentions of integrity and actual behaviour, EY said.

Property investment sales surged 89% as market beats trade worries

The residential en bloc momentum continued to bolster sales to $11b.

2 in 3 of Grab's new services are derived from old Uber products

The first service, GrabAssist which was built on Uber Assist, will accommodate foldable wheelchairs and walkers starting today.

CCCS monitors Grab and Uber's compliance with competition measures

Smith & Williamson LLP serves as the independent monitor, which was recommended by the two firms.