News

Concerns were raised over SIA’s proposed $8.8b issue of share rights to raise cash.

Since 2015, a number of clothing rental services have sprung up in Singapore’s retail scene.

Its success rate further sunk to an all-time low since 2011 at 0.4%.

SGX saw the sharpest decline amongst top active stocks with a 5.12% fall.

And fund management firm Sistema Asia ties up with Russia’s state fund.

It aims to support marketing costs and award funding boosters to companies.

Existing properties posted higher revenues.

The island-wide vacancy rate widened to 8%.

The amount of occupied office space fell 7,000 sqm.

Both landed and non-landed properties saw declines.

More than 250 driver-partners rostered for the 24-hour service.

Revenues from equities, FICC and data, connectivity and indices operations rose.

There have been a few major price fluctuations, even as volumes continue to fall.

Spending behaviour continues to show drastic changes.

Around 76% expect revenue to contract in 2020. About 69% of Singapore’s occupier clients expect the business environment to deteriorate in H2 2020, according to CBRE. This comes on the back of the lingering economic impact from theCOVID-19 pandemic. In addition, 76% surveyed expect revenue to contract in 2020, with most of them expecting a contraction between 10% to 30%. Seventy-seven percent have not been offered any relief measures by landlords, whilst 35% have commenced talks with landlords about it. Furthermore, 69% of Singapore respondents’ leasing decisions were also impacted by the COVID-19 outbreak, putting expansion plans and site visits on hold. As a result of the ongoing circuit breaker period, 96% of respondents now plan to increase their investment in tech to support remote working and business continuity planning (BCP) after the pandemic.

Rental transactions fell as manufacturing firms halted physical footprint expansions.