Markets & Investing
SG firms lead investment in AI and machine learning technologies
Local businesses, on average, invest 24% of their annual budget in AI and machine learning.
Regulatory uncertainty hinders digital asset investment in SG
Investors (48%), however, believe regulators are committed to improving regulations.
Israel-Palestine conflict will have no ‘significant impact’ on operations: Trendlines Group
The investment company said its operations are ‘well-distant’ from military activities in Israel.
Top five reasons why affluent Singaporeans invest
Additional income (44%) is the number one reason why rich Singaporeans invest.
SG’s outbound investment drops 36.4% QoQ in 3Q23
Year-on-year, outbound investment declined 62%.
Property investment market activity to remain muted for the rest of 2023
Knight Frank expects total investment sales for 2023 to reach around $18b-$20b.
UOB joins LCH SwapClear and ForexClear as as direct clearing member
UOB is the first SEA bank to join ForexClear as a direct member.
True Light announces closure of its fund at $4.5b
The fund will support True Light and Temasek’s joint investment projects.
Singapore leads SEA cities with top tech funding in 3Q23
The city raised US$318m in funding.
SG emerges as the world’s leading source of capital investment
The country’s cross-border capital investment reached US$21.8b in 1H23.
DPM Lawrence Wong named deputy chairman of GIC
He has served as GIC director since 1 November 2018.
Competition commission greenlights Fujifilm-CMC Materials KMG Corporation merger
The commission cited four reasons for its financial assessment.
CapitaLand divests four properties in France for $64.7m
The divestment is part of CLAS’ ongoing efforts to enhance its portfolio.
Frasers Centrepoint Trust sells 143.89 million shares in Hektar REIT for $37.4m
Following completion, FCT will only hold 2.12% of total units in the REIT.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform