News
MAS issues prohibition orders against three individuals for dishonest conduct
MAS issues prohibition orders against three individuals for dishonest conduct
They include former representatives of Jefferies Singapore and Legacy FA.
Changi nabs seventh spot in global airport rankings
It lags behind Hamad International Airport and Tokyo International Airport.
OCBC's profit jumped 11% to $1.23b in Q1
Non-interest income surged 24% to $1.14b.
SGX daily average value up 2% to $1.05b in April
Total derivatives traded volume rose 37% YoY to 20.8 million contracts. Securities daily average value (SDAV) in the Singapore Exchange (SGX) gained 2% MoM to $1.05b during April, whilst market turnover value for Exchange Traded Funds (ETFs) rose 44% to $195m, according to an announcement. Assets under management for STI Exchange Traded Funds (ETFs) reached a milestone in April as fund size exceeded $1b. Total derivatives traded volume rose 37% YoY to 20.8 million contracts, as global demand for risk management across asset classes continued. Total securities market turnover by volume was up 7% MoM to 22.9 billion shares, driven largely by real estate and consumer sectors. The local bourse also noted that overall commodity derivatives volume increased 64% YoY, with volumes of iron ore and freight derivatives up 73% and 53% YoY, respectively. Amidst swings across regional equity markets, the Singapore stock market was the best performing market globally in April. The Straits Times Index (STI) surpassed the 3,400 mark, generating 6.1% increase in total returns, propelled by Banks (+10.8%) and Utilities (+6.6%) sectors.
Genting Singapore profits dipped 5% to $205.47m in Q1
Gaming revenues fell 8% YoY to $430.18m.
CPF and HDB loan changes give buyers more flexibility
Potential buyers can now qualify for a wider choice of developments.
Daily Markets Briefing: STI down 0.43%
Don’t expect gains today.
Daily briefing: Singapore unveils Centre for Healthcare Innovation; Airbnb-style short-term accommodation still illegal
And here’s where ride-hailing app TADA is setting its sights next.
Chart of the day: Which non-mature estates saw the highest resale transactions in Q1?
The towns with the most transactions are Woodlands, Jurong West and Yishun.
Here are the most in-demand jobs in 2019
The accounting sector could generate 2,000 jobs in 2020.
New business premiums in life insurance up 1% to $937.2m in Q1
The uptake in annual premium buys offset the decrease in single premium product purchases.
Pearl Bank Apartments to be digitally archived ahead of redevelopment
Drone and 3D scans of the site will be used for future urban development research.
HDB resale prices fell 0.4% in April
This could be attributed to price weaknesses amongst older flats in mature estates.
Which are the go-to e-commerce sites for Singaporeans?
It’s a battle between Lazada and Qoo10 with Shopee on the side, a study found. Alibaba Group’s Lazada is the most preferred e-commerce site for Singaporeans in terms of monthly active users (MAU), a study by Malaysia-based shopping aggregator iPrice revealed. Lazada also leads in MAU in the Philippines, Malaysia, and Thailand, whilst it was ranked second and fourth in Vietnam and Indonesia, respectively.
URA holds firm on short-term stay status quo
The minimum stay duration for private residential properties will stay at three months.
Daily Markets Briefing: STI down 0.87%
Don’t expect gains today.
Chart of the day: Check out which estates saw the highest resale transactions in Q1
All locations saw more than a hundred transactions in Q1.
Commentary
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From Singapore to Southeast Asia: Thriving in innovation by knowing when to pause
Section 13O, MAS, and the digital footprint of Singapore Family Offices
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RIE2030’s real test: Turning innovation into impact
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