News
Consumers hold grudges after getting bad customer service: report
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.
Chart of the Day: New office supply pipeline to hit 7.6 million sqft by 2023
Office rents are expected to rise 8-10% amidst low vacancy levels of 3%.
Domestic services marketplace Ovvy scores $600,000 in seed funding
The proceeds will be used to enhance its product and grow the team.
Commentary
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Faster hiring alone will not fix construction’s productivity problem
Beyond policy: How Singapore's service sector can win at the frontline
Solving the production problem behind Singapore’s ‘pilot purgatory’
Transformation without disruption: Your Existing ERP is an accelerant to business innovation
From Singapore to Southeast Asia: Thriving in innovation by knowing when to pause
Section 13O, MAS, and the digital footprint of Singapore Family Offices
Could Singapore lead the world's next management revolution?
RIE2030’s real test: Turning innovation into impact
What Singapore logistics operators often overlook when electrifying fleets