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.
Chart of the Day: $5.8b in collective home sales dominated residential investment transactions in Q1
This marks the best performance of the segment in eleven years.
Daily Briefing: Maybank rolls out digital upskilling programme; Sembcorp net debt hits $7.29b as of end-March
And the government is updating the Bukit Timah Heritage Trail.
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.
DBS non-performing loan formation in Q1 hits 4-year low
New NPLs declined 63% to $195m.
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.
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