News
M1 cuts staff as company ramps up digitalisation
M1 cuts staff as company ramps up digitalisation
Employees leaving the company represent 1.6% of the headcount.
SIAEC's senior management to get pay cuts
CEO’s and executive VP’s salaries will be down by 12% and 10%, respectively.
GuocoLand subsidiary launches new China unit
The new unit will takeover the subsdiary's land parcels.
Unemployment rate widened to 2.3% in 2019
The ratio of job vacancies to unemployed persons declined to 0.84 in December 2019.
SIA announces more flight cancellations
Some flight cancellations are extended until July.
Lendlease floats tenant support package
It includes up to 0.2 months rent abatement per month for April and May.
United Hampshire US REIT debuts at $1.02 on SGX
This is 10% lower than its IPO of $1.12 per unit.
Sasseur REIT reopens Chongqing and Bishan outlet malls
Its China malls were temporarily shuttered seven weeks ago due to the outbreak.
SIAS to hold independent briefings to Hyflux P&P holders
Details on the upcoming sessions will commence from 23 March.
Daily Markets Briefing: STI down 3.77%
OCBC Bank saw the sharpest decline amongst top active stocks with a 4.11% contraction.
Chart of the Day: Gen Z prefers physical stores despite being big online spenders
Gen Z view physical stores as more trustworthy than online sales.
Daily Briefing: Cashback app ShopBack raises $105.9m in Series B funding; SPH Ventures backs US-based influence.co
And IMDA has suspended virtual telco Zero Mobile’s licence over billing disputes.
A third of SGC members expect over 10% revenue loss in H1 2020
Two-thirds saw a moderately disruptive impact on their business due to the outbreak.
COVID-19 could drive DBS and OCBC's dividends to over 6%
But net profit forecasts had been cut by 5.8% and 3.7%, respectively.
Market Update: STI down 3.41%
The big three banks have fallen more than 3% each.
Are MNCs in Singapore auditing their global offices?
Only a quarter feel confident that their overseas units are legally compliant.
United Hampshire US REIT's IPO subscribed 3.2 times
Its placement tranche received indications of interest exceeding $307.36m.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform