News
SIA burns half of the $8.8b raised in 2 months
SIA burns half of the $8.8b raised in 2 months
About $2b was used to repay a bridge loan facility.
Millennium Hotels and Resorts cuts 159 jobs
They will also reduce 42 foreign workers from their headcount.
Hong Kong, Singapore wealth management take a snag amidst the pandemic
Lockdowns across the region force wealth managers to stay at home.
GuocoLand to build mixed-use development at Tan Quee Lan Street
It will have 1.5 million sqft of gross floor area, sprawling over 3.2 ha of prime land.
Retail loans to shrink 2.5% in 2020
New loan applications have declined as consumers are cautious of falling under debt.
Chart of the Day: Office investments made up 71.5% of property sales in Q2
It was thanks to the sale of 30% stake in TripleOne Somerset and 50% stake in AXA Tower.
Daily Markets Briefing: STI down 0.08%
Wilmar International led the gains amongst top active stocks with a 1.89% expansion.
Daily Briefing: Doyobi announces $1.37m in funding from 500 Startups; Hubble snags funds led by OSK Ventures
And Drone sector takes off with more potential for range of uses.
Swiss bank BCP alleges fraud in oil deal between ZenRock and China Aviation
BCP issued a letter of credit to finance its purchase of about 260,000 barrels of gasoil from CAO.
Property market liquidity dipped 5% in Q2
It was attributed to the Lion City’s souring office and retail rents.
Singapore leads shift from Libor with $500m note sale
The country's central bank is the first Asian government body to do so.
MAS bans two individuals for fraud
Both have also been sentenced to prison.
DBS Private Bank's main portfolio hits 7% YTD gains in July
It is designed to capitalise on long-term, irreversible growth trends.
Over 4 in 10 senior management roles in banks are Singaporeans: MAS
The regulator assures that citizens are well-represented in local senior roles.
Nearly two-thirds of workers expect better post-COVID workplaces
This is a result of 57% of employees ranking their employers’ efforts “above average”.
Daily Markets Briefing: STI down 0.33%
Medtecs International led the gains amongst top active stocks with a 12.96% expansion.
Chart of the Day: Property investment sales down 53.5% to $1.9b in Q2
Transactions were of lower price quantum as investors are wary about their spending.
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