News
Local bankruptcies rose to record-high even before the pandemic hit
Local bankruptcies rose to record-high even before the pandemic hit
The number of individuals filing for bankruptcy soared 47% from 2018 to 434 in January.
Olam completes stake sale in Indonesian JV for $123.03m
After final adjustments, the total consideration for the deal was $119.44m (US$82.5m).
GL closes hotels temporarily amidst lockdowns
Its subsidiary’s hotels saw a reduction in bookings and rise in cancellations.
Chart of the Day: Home launches in CCR break 2019 record with 525 units in Q4
The collective sales fever from 2017 to 2018 boosted project launches in prime districts.
Daily Markets Briefing: STI up 5.76%
Singtel led the gains amongst top active stocks with a 8.33% expansion.
Daily Briefing: SIA implements no-pay leave days for pilots; Waste management firm Blue Planet bags $36m
And Expara Ventures launches accelerator programme for COVID-19 solutions.
honestbee issued demands for breach of fiduciary duties against ex-CEO and director
Sng and Wong made property deals and companies that the firm paid for.
Cybersecurity startup Horangi bags $29.09m in series B funding
Funds will be used to strengthen the company’s position within the region.
Inflation to ease further amidst collapse in demand
MAS is expected to lower their inflation forecasts to -0.5 to 0.5%.
EHT suspends stapled securities trading as $496.11m in loans defaulted
Its master lessees failed to pay rent.
3 in 5 Singaporeans open to digital-only banks
More than half are willing to jump to new players with no prior banking experience.
MAS asks financial firms to ensure COVID-19 distancing measures
Online platforms and employee distancing should be implemented.
MAS may reduce S$NEER policy band to neutral: analyst
Re-centering the band remains unlikely for now.
Credit searches by local firms down 24.06% in 2019
This is the first contraction seen following seven consecutive years of growth.
SPH unit scraps purchase of six Canada senior housing assets
They decided to terminate the agreement amidst the pandemic.
Temasek's top holdings plunged $34.24b in three months: report
Singtel is the biggest source of the decline as Temasek’s stake in it slumped $10.78b.
Daily Markets Briefing: STI down 7.35%
UOB saw the sharpest decline amongst top active stocks with a 7.33% contraction.
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