News
Industrials led Singapore's cross-border IPOs in H1
They had a market share of 39% and total proceeds of US$36m.
Bond offerings rose 0.7% to US$14.4b YTD
Proceeds declined by 18.6% to US$6.5b as the end of Q2 approaches.
Volatile pharma and food could dent NODX growth in May
Moody’s forecasts it could fall to 5.5%.
Singapore Press Holdings' print revenue could fall by 10% in Q3
Its page count was still down by 12.5%.
Daily Markets Briefing: STI down 1.05%
DBS led the loses with 1.95%.
Chart of the Day: Startups embracing co-working spaces could save as much as $4,000
An average hot desk costs $489 monthly.
Daily Briefing: Singapore trails behind Hong Kong in offshore wealth management; Sea prices $500m convertible note
And following Amber45's strong sales, UOL is launching another condo that could go for $1,400 psf.
Singapore firms raised US$2.6b from equity YTD
Equity raising activity in Q2 recovered and jumped 81.2% from Q1.
Telco war heats up even before TPG enters fray in Q4
M1 and Starhub stand the most vulnerable to TPG Telecom.
Singapore IPOs lag Asian peers as homegrown companies rush to list abroad
Cross-border listings ballooned 300% in volume compared to domestic flotations which surged 64%.
DBS rolls out virtual bank recruiter
‘Jim’ can save up to 40 hours monthly otherwise spent on manual processing.
Insurer FWD ties up with DBS for electronic claims payment via PayNow
Customers can receive payments just by providing their PayNow registered mobile number.
SATS poised for earnings recovery as aviation arm takes off
Its partnership with AirAsia will open access to 15 Malaysian airports.
Heated bids may fuel Orchard home prices to $4,000 psf
Breakeven levels for Park House is estimated at $3,300 psf.
Homes near schools and MRT stations lure robust demand
This is despite lower rental volume, which fell 3.2% in May.
Chart of the Day: Job retrenchments hit 5-year low in Q1
There were 2,320 retrenchments in Q1, down from 4,000 a year ago.
Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape