News
Savills tapped as consultant project manager for Geylang Serai Cultural Belt
The construction will begin in the second quarter (Q2) of 2023.
Tech startup Gaspack raises pre-seed funding
This could help digital creators for a more inclusive NFT environment.
Temasek, GIC help payment startup Stripe to raise $8.7b funding round
The Series I funding round will support liquidity of its employees.
New residential sales volume down 68.4% in Q4 2022: report
Savills said this is the lowest recorded sales volume in 14 years.
Over 6% of IT decision makers in businesses refuse to build security culture: report
Majority do not know what it means.
Higher BSD rates did not deter luxury homebuyers: analysts
The increase is unlikely to hit foreigners and luxury homebuyers.
Retrenchments double in Q422
There were almost 3,000 people retrenched in the last quarter of 2022.
PC sales drop 11% in 2022
IDC expects the market to fall further in 2023 by 17%.
Wing Tai Holdings acquires Holland Tower for $76.3m
The property has a site area of 2032.6 sqm.
Alpina Holdings to take over Wan Dormitory for $24m
The company will use the property for its use.
CICT issues HK$755m fixed rate notes
The notes are due in 2033 with a fixed rate of 4.85%.
Why headline inflation will likely stay elevated in H2
DBS expects full-year headline inflation to hit 5.8%.
SG is the 8th leading global city for the wealthy
There are 7,471 UHNW individuals with primary or secondary residence in the Lion City.
Daily Markets Briefing: STI up 1.38%; SATS is most active stock
SATS was the top stock with a 5.04% increase.
Prudential’s new business profit drops to US$2.18b in FY22
The insurer attributed the decline to higher interest rates and business mix effects.
IHH Healthcare invests in SG-based startup Intellect
The partnership will accelerate Intellect’s growth across Asia.
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Commentary
Why Singapore businesses must focus on outvaluing, not just upskilling
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform