News

Singapore’s solar deployment reaches 1.35 GWp as of June 2024

Its current capacity is able to meet 2% of total energy demand.

Natural Cool Holdings to sell Kaki Bukit property for $1m

The group is expected to book a net gain of $168,000 from the sale.

CapitaLand Malaysia Trust expands in Johor with $21.97m acquisition

The group will acquire three freehold industrial properties.

CapitaLand China Trust net property income dips 5.8% in 2024

This is despite the 13.7% growth from three malls that were refreshed.

CapitaLand Ascott Trust CEO acquires 500,000 more shares

Her stake in the company increased to 0.018%.

Parkway Life REIT inches up DPU by 1% in FY 2024

 Revenue for the period stood at $145.3m.

Gold investment surges 22% in 2024 as safe-haven demand grew

The Monetary Authority of Singapore adjusted its gold reserves in 2024, with 10 trillion of gold sold.

Singapore retail sector poised for 2025 rebound amidst new attractions

In December 2024, retail sales declined by 1.5% MoM seasonally adjusted after a 2.8% drop in November.

DBS, OCBC, and UOB’s STI weight rises to 54.3% in 2024

 The three banks drove the STI’s 23.5% total return in 2024 but were outpaced by Yangzijiang Shipbuilding.

CMP work permit holders rose 24.5% since 2018: Knight Frank

The demand for foreign workers has steadily risen following the reopening of international borders in 2022.

F&B sales inched up in December: report

On a month-on-month basis, however, F&B sales declined by 2.2% (seasonally adjusted).

Retail sales fall 2.9% YoY in December

The total retail sales value for December was estimated at $4.6b, with 13.4% of sales coming from online transactions.

Equity and tech funding surge 528% YoY in January

On a monthly basis, the funding trend rose 253.3%.

Singapore contributes US$87m to IDA

This is a 24% increase from the country’s previous contributions.