News
SGX and India's NSE receive greenlight to set up joint financial center
SGX and India's NSE receive greenlight to set up joint financial center
The NSE IFSC-SGX Connect aims to launch before end-2020.
New business premiums in life insurance down 2% to $1.97b in H1
The decline in single premium policies dragged half-year figures.
CapitaLand profits down 5.3% to $875.4m in H1
Home sales in its core markets of Singapore and China declined.
Malaysia International Business Awards is now open for nominations
Deadline for submission of entries is on 31 October.
Chart of the Day: Life insurance industry workforce hits 8,282 in H1
The number of tied representatives also fell to 15,117.
Daily Briefing: Medtech startup DocDoc raises $17.7m in funding round; Over 20,000 locals booked HDB flats under Single Singapore Citizen Scheme
And Shell is mulling the installation of solar panels for its Bukom refining site.
Daily Markets Briefing: STI down 0.75%
Singtel led the gains with a 3.03% increase.
6.6 million of global international arrivals came from Singapore in 2018: report
Singaporean travellers contributed $8.43b to total travel expenditure worldwide.
Genting Singapore may shell out $1b in FY2019 capex: analyst
The firm is likely to incur $250m per quarter for land acquisition alone.
MAS and SGX RegCo launch trade surveillance practices guide
It encourages proper recordkeeping and periodic quality assurance reviews on compliance reports.
YZJ Shipbuilding profits up 11% to $345.4m in H1
However, new shipbuilding orders declined by 50% YoY in DWT terms.
Tourist spending down 4.8% to $6.5b in Q1
Spending for accommodation and shopping fell sharply during the quarter.
Google and UOB launch SME Leadership Academy
The programme features discussions on how to use digital tools for HR and marketing.
MAS launches consultation paper on controls against market abuse
It proposes to tighten requirements for ultimate beneficial owners, amongst others.
Singapore sheds household debt as housing market slows: HSBC
Household debt as a share of Singapore’s GDP already fell below the 70% mark.
Hyflux deadline to ink Utico deal extended to August 26
This is reportedly to account for the number of public holidays in August.
Genting Singapore profits dipped 5% to $373.6m in H1
This was partly due to slower mass gaming business.
Commentary
Why Singapore businesses must focus on outvaluing, not just upskilling
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform