News
Over 1 in 5 manufacturers bearish about business in H2
Over 1 in 5 manufacturers bearish about business in H2
Low demand for semiconductors, slow global economy and trade tensions hit the sector.
Singapore benchmarks get go-ahead from European Union
Companies in the EU can continue trading derivative products linked to Singapore's benchmark rates.
Daily Markets Briefing: STI down 1.49%
DBS is the top active stock as it fell 0.30%.
Daily Briefing: Luxury home sales surge amidst inherited asset boom; Wealthtech startup Bambu raises $10m in Series B funding
And Finnish biofuel producer Neste will expand Singapore refinery for $2.44b.
Chart of the Day: Budget deficit to hit 0.4% of FY19/20 GDP
Revenue may also surpass initial projections and grow to $78.92b.
OCBC enables cash withdrawals via QR code
Cash withdrawal at ATMs can be completed in under 45 seconds.
Temasek sells joint-owned office asset for $1.6b
Allianz will own 60% of the assets whilst Gaw Capital will hold the remaining 40%.
Daily Briefing: Min Yuan building for sale at $145m; Singapore's second unicorn Trax acquires European competitor Planorama
And a row of apartments at Phoenix Road sold for $42.6m.
Daily Markets Briefing: STI up 0.12%
CityDev led the gains with a 2.28% advance.
Chart of the Day: Virtual banks can't rely on the branchless advantage for long
Facilities costs as a proportion of incumbent lenders' assets is only 7bps compared to 103bps.
Mapletree North Asia Commercial Trust NPI up 10.7% to $85m in Q1
Higher rental incomes from Festival Walk, Gateway Plaza and Sandhill Plaza boosted revenue.
Grab pledges $2b in SoftBank funds into Indonesia
It aims to create a transport network featuring EVs and geo-mapping solutions.
Sembmarine's loss narrows to $6.83m in H1
Revenue from its rigs & floaters business nearly halved.
iFAST eyes virtual banking license
The move will expand its service scope to include e-payment and lending.
Ascendas REIT NPI up 11.5% in Q1
The adoption of FRS 116 boosted income.
This reverse auction app lets you buy items at the lowest bid
Doropu has sold 35,000 products in Singapore and Malaysia to date.
Daily Briefing: Piermont Grand sells 46% of units on weekend launch; Stamford Land acquires mixed-use property in London for $441m
And medical lab firm Clearbridge Health raises $11.34m from a share placement.
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Commentary
How Singapore consumer brands can build strong supply chains amidst rising input costs
Singapore’s AI ambitions will rise or fall on infrastructure
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Singapore’s port model is under pressure as shipping disruptions reshape trade
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Singapore’s SMEs are embracing AI, cybersecurity must keep up.
Game theory in the Gulf: Why Singapore should watch the Middle East carefully