News
No recession but slower manufacturing output growth expected in 2023: UOB
No recession but slower manufacturing output growth expected in 2023: UOB
This is due to the faltering performance of electronics.
Market update: STI up 0.31%
Mapletree Logistics Trust was top gainer.
Chart of the day: Slowing China exports drags Singapore’s growth
Export to China has contracted to translate to a slowdown in Singapore’s own growth.
Trusted crypto literacy sought to protect consumers vs scams: Independent Reserve
Consumers should take deeper evaluation into their investment plans.
Children aged 0-6 to receive $200 in their Child Development Account
Around 230,000 children are expected to benefit.
China market recovery to boost ‘weakened’ electronics’ sector
Muted electronics sector led to a decline in the purchasing managers’ index.
STI falls 0.3% in August
Banks, Singtel, Jardine Group, and Keppel Corp supported the index.
FTSE Russell axes ComfortDelGro from STI
The transport company will be replaced by Emperador.
Sotheby breaks 15-year hiatus in SG with $24.5m sale
Tierfable (Animal fable) by Spies was the top-selling piece during the live auction, selling for $4m.
Earnings of prime retail malls will take longer to reach 2019 levels: Fitch
An example of these malls are those owned by Starhill Global Reit.
Chart of the day: Leasing volume of private residential units continues QoQ plunges
The contraction, however, was not due to slow demand but limited completions.
Market update: STI down 0.43%
City Developments Limited led the index.
CIMB Singapore raises deposit interest rate tenfold to up to 2% annually
StarSaver savings account holders can enjoy the new rate without any deposit caps.
Rents for high-end non-landed private residential units rise at fastest pace since 2014
In Q2, rents rose to $4.79 psf.
‘Nucleus of SG’s maritime supply chain’ Tuas Port opens
Its first three berths are now operational.
Weak share price for ST Engineering shows buying opportunity: report
ST Engineering is still resilient due to global aviation traffic.
MAS tacks $375k fine on UOB Kay Hian
The fine is for breaches in business conduct and anti-money laundering rules.
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