News
Utico to give PNP soft landing if IPO is delayed
Utico to give PNP soft landing if IPO is delayed
Utico asks SIAS and Hyflux to hold a PNP vote for option 1 or 2 within 3 weeks.
New investor knocks on Hyflux's door
The proposed terms of the investment has not yet been revealed.
MPA gives 50% port dues concession to passenger vessels
The new concession will be provided from 1 March to 31 August.
Volocopter and Grab conduct air-taxi feasibility study in Southeast Asia
The study will look into the most suitable cities and routes to deploy air taxis.
Singapore to lift local labour via S-Pass-DRC reduction
DRC has been lowered to 15% for the construction, marine shipyard, and process sectors.
Can TPG clinch a 5G licence in Singapore?
It has not yet conducted trials for 5G use cases in Singapore.
SBR International Business Awards 2020 opens doors for nominations
Submission of entries is until 22 May, Friday.
New completions to ramp up residential vacancy rates in Q1
This could cause prices of nearby older homes to stagnate.
Builders seek force majeure advice as COVID-19 causes labor crunch
Singapore has $20-$24b of building projects in the pipeline.
Tourism sector to receive tax rebates in 2020
Property tax rebates of 30% will be given to hotels, serviced apartments and MICE venues.
Top 3 S-REITs' returns hit 26.9% in 2019
These trusts also collected a combined market cap of over $20b.
Great Eastern's profit climbed 36% to $1b in FY2019
Profit from its shareholders’ fund surged 266% to $277m from higher valuation.
NODX tipped to drop 1% in 2020
It could worsen if the COVID-19 outbreak becomes more widespread.
Salary raise for new hires to climb 5-10% in 2020
Companies are expected to be less receptive to salary negotiation.
Daily Briefing: SIA slashes flights; AI firm Eureka bags $27.8m in Series B round
And software company Credify has raised $1.39m in seed funding.
Chart of the Day: Retail property deals soared 204% to $4.1b in 2019
Investor interest as well as M&As drove growth.
Daily Markets Briefing: STI down 0.51%
Singtel saw the sharpest decline amongst top active stocks with a 1.25% contraction.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform