News
Aqua Munda appoints Singapore's ambassador to Kuwait as director
Aqua Munda appoints Singapore's ambassador to Kuwait as director
He was formerly the Senior Minister of State for Foreign Affairs until 2011.
CPFIS funds record 4.44% average returns in Q4 2019
Equity funds saw the biggest increase in returns at 5.99%. The overall Q4 2019 performance of funds under the Central Provident Fund Investment Scheme (CPFIS) posted positive returns of 4.44% on average, according to financial markets data provider Refinitiv. Positive average returns of 5.24% and 3.93% were recorded amongst CPFIS-included unit trusts and CPFIS-included investment-linked insurance policies (ILPs), respectively. All asset types saw positive average returns, with equity funds seeing the biggest jump of 5.99%, whilst bond funds recorded average returns of 0.1%. CPFIS-included funds grew 14.89% on average, with CPFIS-included unit trusts and CPFIS-included ILPs up 15.97% and 14.21% respectively for a one-year period. For the three-year period, CPFIS-included funds achieved 22.33% growth, accounted for a gain of 22.65% from CPFIS-included unit trusts and 22.13% from CPFIS-included ILPs.
Chart of the Day: Upcoming office supply in Marina Bay area add up to 2.83 million sqft
It takes up the largest share of the office supply pipeline.
Daily Briefing: Singapore to lure investments from virus-hit supply chains; NEA rolls out $24.8m HDB household package
And MOH will build two polyclinics in Bishan and Bidadari and a new hospital in the east.
Daily Markets Briefing: STI down 0.22%
Singtel led the gains amongst top active stocks with a 0.67% rise.
Retail sales down 5.3% to $4.1b in January
Sales from motor vehicles saw the largest decline and crashed 33.6%.
Singtel's holdco discount grows to 22%: analyst
FY2021 earnings could rise as its Australian handset business may recover.
Half of Singaporeans unfamiliar with home loan paperwork
Two in five did not know that they can refinance their home loans.
Government sets aside $19m for SMEs' building software adoption
They can receive up to 70% funding for pre-approved solutions.
Singapore nabs 8th spot for fastest growing UHNWI markets
New ultra-rich individuals are emerging from its vibrant startup scene.
Banks' NIMs to degrade after US Fed's surprise rate cut
DBS and UOB guided declines of 5-7bps.
M1 partners with MVNO Geenet to provide WiFi services for dorms
Geenet will use M1’s infrastructure to offer data, SMS, local and international calls.
Headwinds in pharma industry could hurt revenues
Companies face challenges in clinical trials and intellectual property.
HDB scraps ROF exercises for unsold flats
Unselected flats from SBF exercises will be offered straight for open booking.
Women are travelling more to exotic destinations: study
Botswana and Armenia are becoming popular with Singaporean women.
SingPost cuts pay for SVPs and higher by 5%
Its measures amidst the COVID-19 outbreak will be reviewed on a quarterly basis.
CAD orders TEE International to show documents on ex-CEO's remittances
Phua Chian Kin admitted to using company funds for his personal use.
Commentary
Bootstrapping in Singapore: How small startups can thrive without investors
How outdated financial solutions are fuelling the SME exodus
The role passwordless plays in securing Singapore’s digital future
Green shipping's future: Strategic partnership between public and private finance
The great Singapore family business transition: Why legacy companies are choosing sales over succession
Why SG60 must mark a cybersecurity turning point
What the global financial crisis can teach Singapore about decision-making today
Singapore is ready for EVs, but the industry needs to catch up
Navigating public–private collaboration in Singapore’s health tech and life sciences landscape