News
SBR National Business Awards 2019 opens nominations
SBR National Business Awards 2019 opens nominations
Entries are now accepted from trailblazing local businesses in Singapore.
Singapore banks' credit costs to rise 5bp in 2020
The IFRS9 will require banks to set aside for anticipated losses.
YuuZoo shuts down; CEO resigns over trade suspension
It also blamed IRAS’ seizure of its funds that disabled it from continuing operations.
Hyflux admits $2.81b of claims after adjudication
It rejected a $502.61m claim for the Magtaa desalination plant in Algeria.
CapitaLand CEO Lee Chee Koon receives remuneration of $4.2m in 2018
In total, the company issued around $18m in remuneration packages for its 13 executives.
NODX edged up 4.9% in February
The 9.4% YoY growth in non-electronic NODX outweighed the decrease in electronics.
Daily Briefing: Far East Orchard acquires three British student dorms for $73m; Mobile app Tigerhall raises US$1.8m in seed funding
And personal data of over 800,000 blood donors leaked.
Daily Markets Briefing: STI up 0.07%
Expect muted gains today.
Chart of the Day: Construction sector employment shrinks by 7,100 in 2018
This was attributed to a moderation in the decline in Work Permit Holders.
SIA passenger load factor up 0.3ppt to 81.2% in February
Passenger carriage rose 8.8%, slightly outpacing capacity injection of 8.3%.
Developer sales jumped 18.5% to 455 units in February
50.8% of the sales were in the Outside Central Region.
PropNex calls to suspend stamp duty for HDB upgraders
The 12% stamp duty adds to homebuyers’ burden of 20% CPF and cash home payment, it said.
Crypto exchange platform Quoine found liable for reversing bitcoin trades: court
B2C2 will claim damages from breach of contract and breach of trust.
Singapore unemployment rate dropped to 2.9% in 2018
Residents made up 66% of the retrenchments in 2018, slightly lower than their share of employment at 67%.
Singapore and Malaysia suspend overlapping port limits off Tuas waters
They will revert the limits placed on 25 October and 6 December 2018.
Oxley accepts $1.03b offer for Chevron House
A US-based real estate fund filed an expression of interest for the property.
Over $600m of wage credits to benefit 90,000 Singapore employers
About 70% will be disbursed to SMEs.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform