News

Chart of the Day: Orchard Road ground-floor rents fell 1.5% to $40.6 psf in H1

Chart of the Day: Orchard Road ground-floor rents fell 1.5% to $40.6 psf in H1

The rental decline came as several brands downsized their businesses. This chart from Colliers International show that ground-floor rents on Orchard Road declined 1.5% to $40.60 psf monthly in H1 2019 compared to the last six months of 2018.

Daily Markets Briefing: STI up 1.55%

YZJ Shipbuilding led the gains after its stock grew 4.95%.

DBS launches blockchain-powered platform to enhance trade finance for Chinese SMEs

It offers multi-tier financing solutions to more than 1,000 suppliers within 24 hours.

Olam bags $724.26m sustainability-linked loan

Proceeds will be used to refinance the company’s existing loans.

SGX daily average value up 12% to $1.2b in August

Market turnover value for ETF climbed 23% MoM to $231m.

Firms cut back on hiring plans in Q4: survey

The transportation and utilities sector is likely to trim its current headcount.

Consumer watchdog launches mobile app for comparing grocery prices

Price Kaki will have its pilot run in Jurong West, Tampines and Toa Payoh on 28 September.

Orchard Road hotel development put on sale for over $155m

The hotel would be developed into a 6-storey, 115-room site.

Chart of the Day: Which bank has the highest unsecured NPA?

This lender has more than half of its bad assets unsecured.

Daily Markets Briefing: STI up 0.3%

YZJ Shipbuilding led the gains after its stock grew 3.06%.

Private condo resales down 13.6% to 751 units in August

A unit at Le Nouvel Ardmore sold for $15.7m.

SPH sees $38.4m revaluation gain on UK student accommodation portfolio

Its portfolio has grown to $576.42m, made up of 5,059 beds across 10 cities.

S-REITs drew $311.7m net inflows in 8M19

Mapletree Commercial Trust registered an inflow of $45.8m.

GIC-led consortium invests $690.18m in retail company VCM

The consortium now holds a minority stake in VCM.