News

Daily Markets Briefing: STI down 0.94%

Investors are cautious over concerns towards geopolitical tensions.

Value of Singapore's pharma market hit $1.22b in 2017: BMI Research

Biopharmaceutical giants continued to choose Singapore as the site for their manufacturing headquarters.

What's next after the MAS tightening?

Analysts are divided on whether the tightening will continue in October or not.

Competition watchdog bans Grab from using Uber's data to win market

It also wanted Grab and Uber to retain their pre-transaction pricing and product options for riders and drivers.

Total orders for Singapore shipyards in Q1 reverse 3-year slump

Keppel and Sembmarine's order books could already be at $4b and $3.5, respectively.

Singapore GDP up 4.3% in Q1 2018

This was bolstered by the manufacturing sector, which grew 10.1%.

Chart of the Day: See how the S$NEER moved up before policy tightening

A decline in early 2018 saw the US dollar's weakness against the Singapore dollar.

Daily Briefing: 75% of Noble creditors commit to restructuring deal; Why MAS has no key rate

And here is a Singaporean venture capitalist's investment in an Irish "agtech" firm.

MAS refuses to compel banks to divulge open banking data

The central bank is taking a more organic approach, enabling banks to share data on their own.

Lian Beng unit SLB Development eyes Catalist listing

It plans to offer 238 million shares for 23 cents each.

DBS launches online remittance service for non-customers

Users can send money to Australia, Hong Kong, India, Indonesia, Malaysia, Philippines, the UK, and the US.

CapitaLand could have offered JP Morgan discounted rents for CapitaSpring

Analysts think the rents could have hit $12-$14 psf/month for nearly 25% of the property's leasable area.

Tulip Garden is 2018's second largest en bloc sale at $906.89m

The sale price is 20.4% higher than the $753m reserve price.

14 residential tenders closing in H1 to yield 4,900 units

Tulip Garden, which could yield 670 units, recently closed its tender on 11 April.