News
Chart of the Day: Office rents fell in Q2
Grade B offices at Shenton Way/Robinson Road/Tanjong Pagar led the decline.
IRAS, ACRA launch software allowing SMEs to file tax returns digitally
It will reportedly on take 30 minutes for SMEs to file their forms.
A 5,000% surge makes Medtecs the top stock in Singapore
The firm is also amongst the best in the global health-care supply sector for 2020.
Seven in 10 businesses to adopt fintech in the next year: report
Mobile payments will be utilised more in the next 12 months.
UOB resumes full operation of bank branches
Customers visiting a branch are required to wear mask and follow safety protocols.
Archer Daniels Midland to cut stake in Wilmar, sell shares for $685.28m
The company had a 24.6% effective stake in Wilmar as of 4 March.
SIA burns half of the $8.8b raised in 2 months
About $2b was used to repay a bridge loan facility.
Millennium Hotels and Resorts cuts 159 jobs
They will also reduce 42 foreign workers from their headcount.
Hong Kong, Singapore wealth management take a snag amidst the pandemic
Lockdowns across the region force wealth managers to stay at home.
GuocoLand to build mixed-use development at Tan Quee Lan Street
It will have 1.5 million sqft of gross floor area, sprawling over 3.2 ha of prime land.
Retail loans to shrink 2.5% in 2020
New loan applications have declined as consumers are cautious of falling under debt.
Chart of the Day: Office investments made up 71.5% of property sales in Q2
It was thanks to the sale of 30% stake in TripleOne Somerset and 50% stake in AXA Tower.
Daily Markets Briefing: STI down 0.08%
Wilmar International led the gains amongst top active stocks with a 1.89% expansion.
Daily Briefing: Doyobi announces $1.37m in funding from 500 Startups; Hubble snags funds led by OSK Ventures
And Drone sector takes off with more potential for range of uses.
Swiss bank BCP alleges fraud in oil deal between ZenRock and China Aviation
BCP issued a letter of credit to finance its purchase of about 260,000 barrels of gasoil from CAO.
Property market liquidity dipped 5% in Q2
It was attributed to the Lion City’s souring office and retail rents.
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