News

Singapore PMI down 0.4 point to 50.7 in January

The growth of new orders, new exports and factory output slowed down.

SBR Asian Business Case Studies Awards 2019 opens for entries

Deadline to confirm participation is on 26 April.

Singapore turns to grants to retain older workers

It also offers wage offsets to employers with older workers. Reuters reported that Singapore’s ‘job-redesign’ grant which is geared to uplift companies with older staff have benefitted more than 650 firms that have used up to $300,000 grant since 2016. The government is also offering wage offsets to employers of older workers and a grant to adopt progressive age management practices. “Governments need to look after the needs of their ageing population, and enable older workers to work longer and stay productive,” finance minister Heng Swee Keat said. In most countries, it is left to the private sector to try to keep the experienced workers they need, although Asia’s two other rapidly ageing nations - Japan and South Korea - do provide grants and subsidies to firms for their older workers.

Daily Markets Briefing: STI down 0.13%

DBS led the gains as it rose 0.46%.

Chart of the Day: 5 largest SG-focused REITs average returns hit 7.3% in January

CapitaLand Commercial Trust recorded a return of 9.1% in January YTD.

Daily Markets Briefing: STI down 0.1%

DBS led the gains as it rose 0.46%.

Chart of the Day: Singapore banks' dividend yields tower over ASEAN peers at 5.1% in 2019

Such levels are higher than banks in Indonesia and the Philippines.

3 in 5 Singaporeans believe fintechs are as trustworthy as banks: survey

Around 13% even believe that fintechs deserve more trust than old-guard lenders.

Singapore police probes Wirecard after report on fraud allegations

An executive in Singapore reportedly used forged contracts for suspicious transactions.

Hyflux's Tuaspring deal gets fifth extension

Maybank approved the further extension from 31 January to 28 February.

Is it time for Singapore shipyards to consolidate as Korean maritime giants flounder?

The effects of HHI’s takeover of Daewoo spells opportunities for Singapore’s maritime players on a global scale.

Services sector gets bearish on business in H1 2019

Firms in the accommodation, transport and wholesale trade industries were the most pessimistic.

Go-Jek clinches over $1.35b in Series F funding round

The funding round was led by Google, JD.com and Tencent.

Global maritimetech startup accelerator launches in Singapore

Ten companies from around the world will be accepted in its inaugural class.

Daily Briefing: Malaysia pays Singapore $15m for HSR project suspension; Waste management firm Reclaims Global eyes Catalist listing

And here's how those who missed out on the Pioneer Generation Package can qualify for the Merdeka Generation Package.