News
Manufacturing PMI falls to 49.9 in May after 32-month expansion streak
Manufacturing PMI falls to 49.9 in May after 32-month expansion streak
New orders, new exports, factory output, inventory, and employment level all slowed down.
Wilmar to buy Chinese yeast and bakery business with UK's ABF
The firms will construct a new yeast plant in Qiqihar City.
Consumers hold grudges after getting bad customer service: report
About 47% displayed negative buying behaviour two years or more after going through a bad experience.
Share buybacks hit 9 month high of $131.1m in May
DBS led the buyback spree after re-purchasing $65.68m worth of their shares. Buyback considerations more than tripled to $133.1m in May from $35.1m the previous month with a total of 24 SGX-listed stocks reporting buybacks of about 39.1 million shares, according to SGX. The latest figure marks a nine-month high since August when total buybacks hit $245.4m. Also read: Share buybacks plummeted 69.23% to $36m in April
Daily Markets Briefing: STI up 0.18%
Don’t expect gains today.
Chart of the Day: Industrial property supply to crash in 2022
The decline will be partially countered by the launch of data centres in the coming years.
Daily Briefing: Housing loans shrink for third straight month in April; Over 270 F&B outlets to phase out straws by July
And heavy demand met First Sponsor Group’s $147.6m rights issue.
Standard Chartered to launch FX e-trading and pricing in Singapore
It will allow FX e-trading of over 130 currencies.
Grade A office rents up 3.2% in Q1 as supply tapered off
Occupancy has recovered to a healthy 95.2%.
ST Engineering forms subsidiary in the US
The new unit will work on the upgrade and repair of drilling rigs, military, para-military and commercial ships.
Changi Airport Group forms six-party partnership with South Korean firms
Traffic rights will be given to three airlines to operate on the Singapore–Busan route.
High-priced industrial property transactions crashed 57% to $424.3m in Q1
The largest transaction was the $227.5m sale-and-leaseback deal with LTH Logistics.
Blackstone buys GLP's US logistics assets for record US$18.7b
Its real estate arm will get 115 million sqft for US$13.4b.
Funan to open doors on 28 June
It will open two months ahead of schedule with a 92% commitment for its retail leasing.
Keppel Data Centres invests $21.5m in Series C round of Luxembourg data centre developer
Etix has a network of data centres across Europe, Africa, Latin America and Southeast Asia.
Daily Markets Briefing: STI down 0.8%
Don’t expect gains today.
Daily Briefing: Temasek's philanthropic arm launches impact investing PE fund; Morgan Stanley cuts down Asian equities team
And e-scooter platform Beam is expanding to Malaysia.
Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform