Singapore
Three MES Group firms and 4 individuals convicted due to violating labour laws
Three MES Group firms and 4 individuals convicted due to violating labour laws
They were convicted of multiple offences under EA and EFMA.
Olam unit bags US$1.75b sustainability-linked loan
Nineteen banks participated in the facility.
CDL expands Japan portfolio with $78.5m hotel acquisition in Osaka
This marks CDL’s third hotel acquisition in 2023.
Keppel REIT bumps off Olam Group in STI reserve list
STI constituents, on the other hand, were unchanged.
MAS-licenced MoneyOwl to wind down financial advisory business
The company found that its advisory business is not financially viable.
Slow domestic economic growth in SG to hit medical device imports
Singapore’s trade-dependent economy will slow to a 1.1% growth in 2023.
SBF, supply chain solutions firm ink deal to help businesses expand globally
The deal supports an initiative that also provides free trade deal education.
Daily Markets Briefing: STI increases 0.46%; Wilmar International is most active stock
Wilmar International traded 4.71% up.
Singapore's most notable real estate agents under 40 of 2023
Majority of agents in the list are experts on the residential market.
Experts point to Indonesia as a top market for SG brands seeking expansion
Local franchisors can “get a lot more for the same dollar” in Indonesia.
Franchise interest for Singapore’s education enterprises rising
An expert said local education businesses have been performing extremely well in China.
Around 4 in 5 wealthy Singaporeans attribute better decisions to financial advisers
The younger generation is more keen to consult financial advisers early.
NWC guidelines for re-employment of older workers out in November
The government received a letter recommending reasonable adjustments.
SG is world’s 19th-largest mobile gaming market by revenue
Mobile gaming consumer spending in the Lion City grew 21% YoY in 1Q23.
Sabana REIT taps FTI Consulting as adviser for implementation of Quarz’s resolutions
Amongst Quarz’s resolutions is to internalise the REIT’s manager.
Why rents rose faster in suburban condos rents in July
OCR rents rose 1.6% QoQ in July, whilst CCR only saw a 0.7% QoQ uptick.
Who should be responsible for digital upskilling?
The majority wants government or IT to be responsible for digitalisation.
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Commentary
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