News

Chart of the Day: What's the most in-demand skill in Singapore?

Chart of the Day: What's the most in-demand skill in Singapore?

The Smart Nation blueprint fuels demand for individuals skilled in cloud computing and data mining.

SGX ranked as world's tenth best IPO bourse by proceeds in Q2: study

Its main and junior markets accounted for 61% of ASEAN’s IPO proceeds.

COURTS returns to Funan with first IoT-themed store

Around 80% of its products at the 12,000 sqft space are smart home-compatible.

IMDA and NRF injects $40m to boost 5G initiatives

5G trials will be conducted at the PSA Living Lab in Pasir Panjang Terminal in Q3.

Exit offer for Challenger Technologies fails over shareholder vote

It will remain listed on the SGX-ST after 11.36% of shareholders voted against its delisting.

Singapore Airlines and Malaysia Airlines to expand codeshare agreement

The agreement also includes both firms’ subsidiaries SilkAir, Scoot, and Firefly.

Frasers Hospitality REIT takes out $370m loan

This comprises an aggregate amount of $350m in bank loans and a $20m revolving credit facility.

Google tenancy to make up for Microsoft's 2020 departure from Alexandra Technopark

The lease could see Frasers Commercial Trust’s FY 2020 NPI and DPU up 1.5%.

ST Group prices IPO at $0.26 apiece

Its proceeds will fund the expansion of its franchise network and establishment of a new central kitchen in Malaysia.

Chart of the Day: How much are Singaporeans willing to spend on shopping?

They spend $624 on average for in-store travel-related transactions.

Daily Markets Briefing: STI up 0.83%

UOB led the gains after its stock grew 1.79%.

Grab scores additional US$300m investment from Invesco

It eyes to raise $8.81b from June 2018 to end-2019. Grab secured $406.55m (US$300m) boost from global investment management firm Invesco. This puts the Singaporean superapp on track to meet its aim to raise $8.81b (US$6.5b) in total capital between June 2018 and the end of 2019. Invesco’s additional investment in Grab has hit $952.69m (US$703m) in total. Earlier in 2019, Invesco successfully completed its acquisition of OppenheimerFunds, which first invested $546.14m (US$403m) in Grab in July 2018. “We have been closely watching Southeast Asia and have every confidence in Grab’s ability to unlock new opportunities across on-demand mobility, delivery and financial services in the region,” said Justin Leverenz, team leader and senior portfolio manager (Invesco Emerging Markets), Invesco.

URA launches three residential sites under H1 GLS programme

Together, the three sites can yield about 1,545 residential units.

SGX unveils portfolio compression service for listed derivatives

The risk-reduction technique enables participants to lower capital costs and reduce open positions of derivatives.

9 in 10 Singaporeans stuck with familiar brands: study

They claimed that they have become less impulsive. Almost nine in 10 (89%) of Singaporeans have become less impulsive in their spending behaviour compared to two years ago, according to a study by data consultancy firm Kantar. This is in line with their regional counterparts in the Asia Pacific (89%). The study also found that Singaporeans prefer brands that are not new to them, with 97% saying that their most recent purchase are brands familiar to them. Moreover, 64% of them said that they ‘knew a lot’ about the brands. Kantar further noted that over half (52%) of people in Singapore said that their mobile is central to discovering new brands. “Platforms like Instagram are now being used as a central ‘discovery’ channel in many markets, with people scrolling through to find new brands in the same way that they would a physical magazine,” Kantar said in a report. But despite the influx of advertising in various media platforms, 46% of Singaporeans said that the ads they see are not relevant to them. “Consumers in Asia today are far more discerning, making decisions based on a layered understanding of the brand, built up over numerous interactions,” Anita Rao Kapur, regional head of brand for the Insights Division at Kantar, explained.