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Daily Briefing: Peacocks put damper on Sentosa's automated bus trials; Chestnut Crescent GCB for sale at $9m
Daily Briefing: Peacocks put damper on Sentosa's automated bus trials; Chestnut Crescent GCB for sale at $9m
And here’s how Singapore copes with the effect of an ageing population on its workforce.
Daily Markets Briefing: STI up 0.07%
Singtel led the gains amongst top active stocks with a 1.27% climb.
Chart of the Day: Island-wide vacancy rate in retail dipped to 7.7% in Q2
This was due to the increase of retail space demand in Funan and suburban areas.
New hawker stallholders to pay lower rents
New stallholders will also enjoy a 10% rental remission until February 2020.
Growth in services sector's business receipts moderates to 2.8% in Q2
But the transport and storage services industries continued to grow by 5.6%.
Foreigners snapped up 23% of month-to-date private condo purchases
Buyers from China, Hong Kong and Taiwan and unspecified origin accounted for 16% of the transactions.
MICE market accounted for $2.2b of tourist receipts in 2018: report
The Sands Expo & Convention Center hosted approximately 1.4 million delegates last year.
Singapore to sell $2.9b of reopened 2029 debt
This is the second-largest amount on record for 10-year tenors.
Utico inks restructuring agreement with Hyflux
The utility firm assured that they will take “swift action” on Hyflux’s projects.
IPOS launches new unit to help businesses commercialise intangible assets
One of the programmes offered is Illuminate for Enterprises, which can assess firms' IP management status.
StarHub inks data connectivity deal with Chinese telcos
Singapore firms in Chongqing can soon work with their preferred ISP provider in China.
ST Engineering's North American unit launches US$1.5b note programme
It will issue short-term unsecured notes for tenors up to 397 days.
Default risks rise as Singapore struggles with $12b of maturing bonds
Distress may spread to sectors like logistics, O&G and construction.
Daily Briefing: Aier Eye Singapore buys 35% of ISEC Healthcare for $67.1m; Gaming VC Play Ventures closes $55.56m debut fund
And Foodtech startup AiPalette secures $1.44m from seed funding.
Proptech startup UrbanAgents aims to match buyers to elite agents
It only enrolls the top 5% of firms’ agents to its platform, who get minimum commission fees of $1,888.
This startup makes air-purifying paints to curb indoor pollution
To date, gush paints have been used in over 600 residential and 60 commercial projects in Singapore.
Daily Markets Briefing: STI down 1.45%
YZJ Shipbuilding led the gains amongst top active stocks with a 3.28% climb.
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Commentary
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