News
Tax revenue rose 4.4% to $52.4b in FY 2018/19
Tax revenue rose 4.4% to $52.4b in FY 2018/19
Corporate income tax represented 31% of total revenue.
FCT acquisitions to boost growth: analyst
The purchase of PREAFL could give it the distinction as Singapore’s third-largest retail REIT.
CRCT completes acquisition of companies holding stakes in three Chinese retail malls
CapitaLand now has an interest of approximately 34.4% in the divestment companies.
Parc Clematis sold 70% of units in weekend launch
Units were sold for an average selling price of $1,580 psf.
Chart of the Day: Posh private home transaction volumes crashed 33.8% in H1
GCB sales plunged 45.3% in the first half of the year.
Daily Markets Briefing: STI down 0.76%
UOB led the gains amongst top active stocks with a 0.16% climb.
Daily Briefing: Singapore steps up hiring for foreign tech talent; Esports company Team Flash secures $2.08m in seed round
And SIA is offering wellness dishes on selected flights.
Singapore's leading startup players to gather at SBR Hottest Startups Panel Briefing 2019
It will be held on 24 October.
REITs defy downturn on tight office supply
CapitaLand, Keppel, and Suntec only have 5% to 1.5% office NLA due for renewals in H2.
MAS forms committee to oversee transition from SOR to SORA
The transition was made given USD LIBOR's likely discontinuation.
Commercial DC rates to climb 1.7% after September review: URA
A 7% increase was recorded in Tampines Road, Ang Mo Kio, and Upper Bukit Timah.
Banks' loan growth slows to 0.2% in July
Consumer loans shrunk 0.1%.
Hotel DC rates largely unchanged for the next six months: URA
This follows a 45.6% hike on the revision last March.
SembMarine bags contracts worth $400m
This includes building jacket foundations for Taiwan's largest offshore wind farm.
Daily Markets Briefing: STI up 0.8%
DBS led the gains amongst top active stocks with a 1.2% climb.
Chart of the Day: Business parks' vacancy rate eases to 14% in Q2
This was due to stable demand and lack of new supply.
Daily Briefing: Two strata-retail units for sale at $13.5m; New VC launched to invest in agri-food startups
And Clearbridge Health acquires nine dental clinics for $3.3m.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform