News

MAS defers digital bank licence review to H2 2020

It had earlier planned to announce the successful applicants in June.

Daily Markets Briefing: STI down 1.26%

Genting Sing led the gains amongst top active stocks with a 2.76% expansion.

Chart of the Day: Pandemic spurs digital payment take-up in Singapore

Electronic payments are expected to take up 61% of transactions by 2023.

MAS floats $125m support package for financial firms, fintechs

It will support workforce training, operations and access to digital tools.

SGX RegCo to roll out measures to further support issuers

These include the suspension of the half-yearly reviews in June and December.

Grade A CBD fell to $10.61 psf/month in Q1 2020

Overall GDP also contracted at -2.2% whilst service industries declined at -3.1%.

Remote work search surge by 183%

Job seekers show more interest in working from home amidst social distancing measures.

European IPP Amarenco sets up APAC HQ in Singapore

It is starting with the acquisition of a 50MW portfolio in Thailand.

SPH's profit dropped 9.3% to $77.64m in H1

Revenue from its media business slipped 14.3% due to smaller media ad sales.

CBD Grade A rents up 4.7% in Q1

Capital value and rates also remained unchanged in Q1 2020. CBD grade A office rents rose 4.7% YoY to $10.09 per sqft per month (psf pm) in Q1 as the negative impact of the COVID-19 pandemic will continue in Q2, according to a Colliers report. On a QoQ basis, grade A office rents remained unchanged.

Chart of the Day: Online grocery sales hit over $600m in February

It is tipped to steadily rise as most Singaporeans are encouraged to stay home.

Daily Markets Briefing: STI up 4.1%

CapitaLand led the gains amongst top active stocks soaring by 8.39%.

UOB to shut down 24 branches

Thirty-eight will remain open, each located within a 3km radius from a closed branch.

MAS alters regulatory requirements for COVID-hit banks

Banks can now adjust their capital buffers to support lending activities.