News
Frasers Centrepoint Trust's preferential offering oversubscribed
Frasers Centrepoint Trust's preferential offering oversubscribed
The firm will realise gross proceeds of about $67.7m to fund its acquisitions.
Condo rents up 2% in May
Rents in the OCR led the increase at 2.4%.
Chart of the Day: How much are Singaporeans covered by public health insurance?
Nearly 7 in 10 are already covered by the Integrated Shield plan in 2017.
Daily Markets Briefing: STI down 0.06%
Singtel led the gains at 0.91%.
Daily Briefing: Grab reportedly eyeing virtual banking license; Thai e-commerce startup Pomelo launches in Singapore
And a study found that Singaporeans bound for Taiwan are the most vulnerable to scams.
$589.2m China mall buys to spur short-term pain for CapitaLand Retail China Trust
Debt costs could pare its DPU by 7%.
Chart of the Day: Public hospitals snapped up three-fourths of tertiary admissions in 2006-2018
Private players were left to fight over the remaining 22-23% of the market.
Daily Markets Briefing: STI up 0.67%
CapitaLand led the gains at 3.02%.
The Straits Times Index ended 21.47 or 0.67% higher at 3,209.58.
The top active stocks are DBS, which grew 0.65%, Singtel and UOB, which both rose 0.61%, Genting Sing, which inched up, 1.71%, and CapitaLand, which rose 3.02%.
The FTSE MidCap grew 0.73% whilst the FTSE Small Cap inched up 0.21%.
Daily Briefing: Pasir Panjang Power District eyed for waterfront lifestyle potential; Singapore to have 13,000 shared bicycles in 2019
And a Jalan Besar property sold $10m below its indicative price of $47.4m.
Chart of the Day: HDB rents down 0.4% to 117.7 in Q3
Rental prices may continue to fall in the coming months as more flats are eligible for lease.
China Jinjiang Environment Holding shareholders to sell 29.79% stake for $320m
Around 430 million shares will be sold to Zhejiang Energy International and Zheneng Capital Holdings Co.
SGX daily average value dipped 18% to $1.1b in May
Total derivatives traded volume however surged 46% YoY to 24.2 million contracts.
Grab and Citi tie up to launch credit card
It is available in the Philippines and will be launched in Thailand later.
Condo resale prices up 2.3% in May
The Outside Central Region witnessed the highest price index increase of 2.6%.
The Made in Singapore and Designed in Singapore Awards are now open for nominations
Nominations will close on 30 August 2019.
City Developments banks on sweeter $3.86b Millennium & Copthorne Hotels buyout to seal the deal
The latest offer represents a 37% premium over M&C’s $8.66 closing price.
The Asian Export Awards 2019 is now open for nominations
The search is on for the leading exporters in Asia.
Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform