News
Employer medical benefit costs may rise 10% in 2020
Employer medical benefit costs may rise 10% in 2020
This is tipped to outgrow the average general inflation rate of 1.4%.
Unsold inventory may support property sales amidst weakening take-up rates
There was unsold inventory of about 34,413 units by the end of Q2.
Digital performance issues cost companies $4.19m in 2019
Organisations have suffered an average of five IT outages for the past year.
Singapore remains fourth best financial centre worldwide
However, Shanghai may usurp its spot after it narrowed the gap to a single point.
Hyflux applies to extend debt moratorium for two more months
Applications are expected to be heard on 30 September.
Chart of the Day: Rental gap between suburbs and central narrows in Q2
From around 11.3% in Q1 2015, the gap has narrowed to roughly 1.9% in Q2 2019.
Daily Briefing: Carro invests $41.32m in Malaysian car bidding platform; Government mulls setting fixed price for GSW public housing
And Grand Prix organisers are stocking up on face masks against haze.
Daily Markets Briefing: STI down 0.25%
UOB saw the sharpest decline amongst top active stocks with a 0.77% fall.
Singapore banks ace corporate customer satisfaction survey
DBS nabbed the top spot in terms of back office centralisation.
Manulife US REIT to raise $195.83m via equity fundraising to buy California office tower
About $185.77m will be used for the acquisition.
Singapore asset management industry defies global slowdown in 2018
AUM rose 5.4% to $3.44t.
SingPost rejects all offers for sale of US e-commerce businesses
Its US unit opted to file petitions for relief in the United States Bankruptcy Court.
OUE sells hotel and serviced residence businesses for $289m
Both components will be bought by DHI Holding.
Vertex Ventures SEA and India closes round for US$305m fund
It will back Series A tech startups in fintech, consumer internet, and enterprise technology.
Bahrain accelerates setup process for Singapore startups
Startups can get guidance from Bahrain’s accelerators as well as financial grants.
Daily Briefing: ARA Asset Management weighs Singapore float in dual listing plan; Search engine Wego partners with STB to boost tourism
And employee language discrimination cases fell in recent years.
Chart of the Day: Here are the top 5 Singapore commercial property investments in H1
They collectively accounted for 62% of the total commercial investments during the period.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform