News
Daily Markets Briefing: STI up 0.04%
Daily Markets Briefing: STI up 0.04%
Medtecs International led the gains amongst top active stocks with a 13.95% expansion.
Online hiring sentiment slips 8% in December
The IT industry saw the highest demand in recruitment activity for the month.
Elite Commercial REIT prices IPO at $1.21 apiece
Its initial portfolio comprises 97 commercial buildings in the UK.
Top five IT plays averaged total returns of 105.3% in 2019
The best-performing IT stock saw its total returns hit 154.3%.
CapitaLand closes six malls in China amidst novel coronavirus outbreak
Local governments in Wuhan and Xi’an cities required the closure.
Asia's first bitcoin asset fund Stack floats in Singapore
The index fund plans to capture $1.01b (US$750m) assets under management within 2020.
Utico to hike advisors fees cap to $50m if Hyflux rescue deal bags approval
It will reduce the pot to $30m if advisors do not support the restructuring agreement.
Daily Briefing: Singapore's real estate market is 9th most dynamic in the world, Sea Group buys Canadian game developer Phoenix Group
And Steve Leonard to step down as SGInnovate founding CEO.
Chart of the Day: 170 uncompleted strata-titled industrial units up for sale in Q4 2019
Nearly half of the units are between 200-299 sqm in size.
Daily Markets Briefing: STI down 1.81%
Medtecs International led the gains amongst top active stocks with a 65.39% jump. The Straits Times Index ended 58.77 or 1.81% lower at 3,181.25. The top active stocks were Medtecs International, which surged 65.39%, Singtel, which fell 0.89%, DBS, which inched down 1.34%, Genting Sing, which contracted 3.85%, and Capitaland with a 4.89% decline. The FTSE Mid Cap slid 2.15% whilst the FTSE Small Cap fell 2.41%.
MAS implements Payment Services Act
Acts on money changing and payment systems have been repealed.
MLT to acquire Japan logistics centre for $272.5m
The company aims to fill the market gap of grade A logistic properties in Japan.
MIT's next buy could be Mapletree's stakes in US data centres: analyst
Data centres could feature more strongly in its deal pipeline.
Chart of the Day: Volume of industrial property deals down 12% in Q4 2019
All caveats lodged in the quarter were for resales.
Hospitality & tourism to slow down amidst coronavirus outbreak
Singapore hotels’ performance will likely imitate the 42% fall in daily average rate during the SARS outbreak.
Government urged to adopt tax incentives for 5G adoption: KPMG
This includes tax credits of up to 42.5% for the development of use cases for 5G.
Risk management solution buys to boost SGX's profits
Scientific Beta grew its assets under replication by 10 times in four years.
Commentary
Why SG60 must mark a cybersecurity turning point
What the global financial crisis can teach Singapore about decision-making today
Singapore is ready for EVs, but the industry needs to catch up
Navigating public–private collaboration in Singapore’s health tech and life sciences landscape