News
Singapore to elevate hub status with new digital banking regulation
Singapore to elevate hub status with new digital banking regulation
A more flexible Payment Services Act makes it easier for fintechs to apply full operations in Singapore.
Daily Markets Briefing: STI up 0.01%
AEM led the gains amongst top active stocks with a 19.38% expansion.
Chart of the Day: 2020 posts highest first-quarter resale volume in eight years
Over 5,500 units were resold, higher than the average of 4,195.
Daily Briefing: HSBC alleges Zenrock sought multiple loans for same oil cargo; Electric motorcycles set to rev up
And HPS, GIC take over outsourcing player Atento.
Raffles clinches $1.13b township development project deal in Bangladesh
The project involves the development of 50 acres of land in Trust Green City.
MAS bans four individuals for fraud
They will also serve separate prison sentences.
Expats ask for lower rents as crisis hits wages
Singapore’s property market is usually dominated by foreigners.
SIA predicts yearly loss for Q1 FY2021
The group is currently anticipating negative operating cashflows.
HDB resale volume plunged 78.1% to 423 deals in April: SRX
An analyst noted that this could be the lowest sales volume ever recorded.
SingPost's post-tax profit jumped 228.8% to $88.28m in FY2020
The increase is attributable to the absence of losses from US businesses.
Mauritius court appoints liquidator for Singtel's HOOQ
This comes after HOOQ commenced a creditors’ voluntary liquidation on 27 March.
OCBC's Q1 profit plunges 43% YoY to $698m
Banking and insurance operations suffered tremendous losses.
Daily Briefing: NEA rolls out $1.76m food waste fund; Fund managers may now tap into stay-at-home talent
And Mustafa Centre reopens supermarket after month-long closure.
Do fintechs need better marketing strategies?
Singapore now houses hundreds of fintech companies, ramping up competition.
Chart of the Day: Prices of long tenure multiple-user factories up 2.1% in Q1
The industrial property segment saw very slight changes in median prices.
MIT could lose 10-20% of tenants if circuit breaker tightens
Its management estimates that 10% might seek rent deferrals.
MAS, SIC, SGX RegCo permit e-sharing of rights issues and take-over files
This will go on until 30 September.
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Commentary
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