News
Retail sales slid 2.2% to $3.5b in September
Retail sales slid 2.2% to $3.5b in September
The motor vehicles industry recorded the largest decline as it crashed 12.3%.
Singaporeans' pay hike may moderate to 3% in 2020: study
Low inflation, tight labour supply and talent restrictions could keep salary high.
United Engineers' Q3 profits skyrocket tenfold to $84.84m
Bigger contributions from its property segments drove growth.
Condo resale prices up 0.8% in October
The priciest unit resold was from The Marq On Paterson Hill for $29.5m.
OCBC to enable PayNow fund transfers by January 2020
This will make Singapore the second country to launch a new version of Google Pay.
PayNow adopts SGQR specifications
Businesses no longer need to generate and display new QR codes for each transaction.
MCT raises $460.5m in oversubscribed preferential offering
It will be used for the acquisition of Mapletree Business City (Phase 2).
Chart of the Day: Prime retail rents remained flat in Q3
Orchard Road rents remained unchanged on the back of limited supply, which offset lower tourist spending.
Daily Briefing: Lending platform Lend East to raise $68.07m in debt; Alexis shop units for sale at $10m
And former Citi managing director joins Temasek’s Pavilion Energy.
Daily Markets Briefing: STI down 0.72%
Venture saw the sharpest decline amongst top active stocks with a 5.84% fall.
Rocky timelines for product launches plagues Venture Corp
Net margins are expected to be tighter in the same period.
MAS to invest $2.72b to boost green finance initiatives
It will firstly invest $136.17m in BIS’ Green Bond Investment Pool.
Metro Holdings buys 20% stake in 14 Australian properties for $89.7m
These include four office buildings and 10 retail centres.
The search is on for Asia's most outstanding business solutions
Interested companies can send their entries until 28 February 2020.
SGQR to be rolled out across 27 hospitals
DBS has worked with three healthcare clusters on the payment infrastructure.
MAS develops blockchain-based integration for multi-currency payments
The prototype is being tested for commercial blockchain applications.
UOB launches digital finance management service
Customers can track the state of their finances, chase refunds, and monitor subscriptions.
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Commentary
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