News
Yanlord bags $334m in Huangzhou apartment presales
All 120 apartment units were sold out for an average price of $13,805.85 psm.
AirCarbon launches first blockchain-based carbon exchange
It will be fully operational in 2020.
Sheng Siong profits up 16.4% to $20.59m in Q3
Its new store openings boosted revenues.
Changi Airport passenger movements up 4.7% in September
Passengers from Japan led the airport’s traffic growth at 15%.
foodpanda launches delivery for groceries
The platform is offering free delivery on all shops throughout November.
Singapore corporates lag in environmental sustainability
Only 40% of companies develop environmentally-conscious products.
Chart of the day: Ultra-luxury property rents rose 10.6% in Q3
This reversed two consecutive quarters of decline.
Daily Markets Briefing: STI up 0.34%
DBS led the gains amongst top active stocks with a 1.26% rise.
Daily Briefing: KrisEnergy divests 30% stake in Indonesia O&G block; Reefknot makes maiden investment in AI-firm PROWLER.io
And India-based startup Livspace invests $40.82m to expand in Singapore and APAC.
Frasers Hospitality Trust's Q4 NPI up 2.3% to $30.03m
Thanks to improved portfolio performance.
Job-hopping banking tech talents could command up to 15% raise
They are in hot demand as the city prepares to grant virtual bank licenses.
Singaporeans' average binge-watch time beats global average
Singaporeans spend two hours and 58 minutes binge-watching, 18 minutes longer than the global average.
Ascott REIT's profits up 1% to $65.05m in Q3
This was due to lower revenue from the sale of Ascott Raffles Place Singapore.
Yanlord's UEL takeover at risk of tepid shareholder response
The offer price of $2.60 apiece is lower than the latter’s closing price of $2.62.
Raffles Medical Group profits down 15.8% to $13.64m in Q3
Gestation losses from Raffles Hospital Chongqing dragged down profits.
Chart of the Day: RCR condo prices up 6.3% in Q3
This was boosted by new launches and the government sharing plans for GSW.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform