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Daily Briefing: Government to offer $77m support for taxis; Neil road conservation shophouses for sale
Daily Briefing: Government to offer $77m support for taxis; Neil road conservation shophouses for sale
And a Fu Lu Shou complex office portfolio has been launched for sale via EOI.
Daily Markets Briefing: STI down 0.1%
Genting Sing led the gains amongst top active stocks with a 1.14% expansion.
Chart of the Day: Freehold shophouse prices slipped 16.5% in 2019
Buyers were less willing to commit to freehold shophouses at higher unit prices.
RAS urges landlords to ease F&B rents
Jewel Changi was the first to respond, as they will cut rents by 50%.
DBS extends COVID-19 liquidity relief to SMEs, retail clients
Principal repayment moratoriums are available to those with good repayment histories.
CapitaLand launches $10m marketing assistance amidst outbreak
It will also implement flexibility to operate shorter store hours for retailers.
Singapore Shopping Centre relaunched for en bloc sale for $255m
It comes with a provisional approval to rezone for hotel use.
Genting Singapore will likely recover in H2: analysts
The firm still has an attractive valuation relative to regional gaming peers.
Industrial property rents continue to ease in H2
Factory, warehouse, and logistics properties saw a drop in average monthly gross rents for the period.
Retail rents tipped to remain flat in 2020
Easing of new supply pipeline in 2020-2024 could buoy rents.
Most traded healthcare stocks averaged total returns of 36.2% YTD
Medtecs Internartional came out top with a 197% surge in total returns.
Genting Singapore 2019 profits dipped 9% to $688.6m
Its EBITDA fell 3% YoY to $1.19b.
Singtel's Q3 profit dropped 24% to $627.2m
It was blamed on weakness in the enterprise business and lower exceptional gains.
Budget 2020 to include economic package to counter COVID-19
The package aims to help workers stay in their jobs.
Grab to launch GrabCare transport service for healthcare workers
The service will start running on 14 February to hospitals NCID and TTSH.
DBS Group's profits up 14% to $6.39b in 2019
A 17% growth in fee income boosted total income in Q4.
Would Singapore be able to move past its contracting economy?
It is expected to attract more FDIs, according to Tricor Group CEO Lennard Yong.
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