News
Six-month Treasury bill yield at 3.84%.
44% of the applicants who submitted competitive bids at the cut-off yield were allotted.
OCBC to remain strong and stable through 2024: Moody’s
Asset quality and nonperforming loans will likely remain between 1% to 1.5% in 2023-2024.
Pasture Holdings raises $5m in SGX Catalist debut
All 20 million placement shares offered by the company were subscribed.
PropNex garners 48 cheques for Eleven@Holland; 7 more homes for sale
The seven properties will be put up for sale via tender, closing on 12PM on 12 June.
Singapore snags ‘most ideal country for FX traders’ title
The Lion City recorded a forex suitability score of 8.07 out of 10.
HDB resale volume to ‘ease slightly’ in June: expert
In May, volumes picked up by 3.2% MoM.
Hongkong Land unveils 10 planned retail developments in China
Its Shanghai West Bund Financial Hub will have a total development area of 1.1 million sqm.
6 in 10 B2B organisations expect growth in marketing budgets next year
They believe their “financial fluency” investment will finally pay off.
Flex spaces to increase foothold in Singapore’s office market
As of Q123, flex spaces already consist of about 10% of the total office stock in the Lion City.
Daily Markets Briefing: STI rises by 0.22%; Emperador is top stock
Emperador was the most active stock with a 2% growth.
MAS to set expectations on credible transition planning
The guidance will cover FIs governance frameworks in managing climate-related financial risks.
IMDA launches sustainability standards for data centres in tropical markets
This will support increasing the operating DC temperature to 26 Degrees Celcius and above.
Singapore rolls out AI Verify Foundation
This will support the development of AI for the use of global firms and regulators.
HDB resale prices up by 0.3% MoM in May
Year-on-year, overall prices increased by 7.7%.
Keppel Infrastructure Trust taps Kevin Neo as Deputy CEO of trustee-manager
Neo will then take on the CEO post on 1 October.
Standard Chartered to cut jobs in Singapore, Hong Kong: report
The bank reportedly aims to save about $1.35b by 2024.
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Commentary
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