News
Suntec retrenches 85 employees
Suntec retrenches 85 employees
Affected staff will receive a month’s salary for every year of service as severance payment.
Daily Markets Briefing: STI down 0.88%
Wilmar International led the gains amongst top active stocks with a 1.84% expansion.
Chart of the Day: Cross-border property investments dropped 30.2% in Q2
A key deal is CDL’s acquisition of 51.01% stake in Sincere Property Group for $880m.
Alibaba's Cainiao Network launches Singapore-China air freight route
This was made to support an increased cross-border shipment.
Fintech firm Fave unveils QR payments to DBS PayLah, Singtel Dash users
Users buying from Fave’s partner merchants will receive up to 20% instant cashback.
Straits Trading buys business park in England for $137.9m
It is currently 96% let to multiple tenants.
Singapore expat jobs under threat in recession, local hire push
Recruiters say that the barriers to entry are mounting.
Singapore retail vacancy rate hits record high of 9.6% in Q2
Demand for retail space also reached the highest contraction since 2011.
DBS, Wilmar ink Singapore's first SORA agribusiness loan
Wilmar has option to enter into a SORA interest rate swap.
Chart of the Day: Monthly average industrial rents fell in Q2
High-tech industrial sites led the decline.
Daily Markets Briefing: STI down 1.78%
Medtecs International led the gains amongst top active stocks with a 9.86% expansion.
Daily Briefing: MAS to ensure ‘well-paced' exit of COVID-19 reliefs; Travelers to China to receive special testing
And Equis has sold two biomass projects to Tokyo Gas.
Singtel, Great Eastern float general insurance plans
They will be starting with Singtel Home Protect which covers telco and housing bills.
Travellers from South Korea required to undergo SHN in dedicated facilities
It will take effect from 29 August.
Manufacturing industry opened 6,300 manufacturing jobs: MOM
Close to 5,100 are for PMETs.
Manufacturing output dipped 8.4% in July
Output from all clusters, except precision engineering, dropped.
SGX partners with Cassini Systems to aid in UMR preparations
The firms will provide participants complimentary analyses to determine their AANA.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform