News
Good Class Bungalow transactions dwindle by 58.3% YoY in 2023
Good Class Bungalow transactions dwindle by 58.3% YoY in 2023
Only 20 GCBs were sold last year.
Singapore firms prefer experienced directors on their boards: study
Male directors accounted for 57% of the new seats filled in 2022.
MOM to retain existing computation method for CPF interest payment
The current method provides members with higher interest.
Hutchison Port Holdings Trust's DPU climbs to $0.077 in 2H23
DPU for the full year was $0.132.
Google Singapore, CSA pilot scam protection feature for Android users
One in two Singaporeans falls victim to online scams.
Boustead Projects to delist from SGX Mainboard on 9 February
The company will delist with no compulsory acquisition.
No fixed amount to say Singapore has ‘enough’ reserves: PM Lee
There have been calls for the government to review its “reserve accumulation policies.”
Median household income up 7.6% in nominal terms in 2023
It also rose 2.8% in real terms.
CDL acquires Yardhouse site in Central London for $148.6m
Yardhouse will mark CDL’s first private rented sector project in Central London.
EnterpriseSG, IMDA launch first GenAI Sandbox for SMEs
The parties will add 13 new programmes to the Sandbox in February.
Geo Energy Resources bags US$35m investment from Resource Invest AG
The investment company will acquire a 5.5% stake in the Indonesian coal producer.
Thomson Medical’s profit dwindles to $2m in 1H24
The healthcare provider also recorded lower revenue during the period.
Singapore aims for 40% more mental health experts by 2030
They plan to add 900 more GP clinics in six years’ time.
Digital Core REIT issues new units under private placement at US$0.6250 each
It will issue 192,000,000 new units.
Pan-United’s profit soars 56% YoY to $36.3m in FY23
The increase gave the company’s basic earnings per share a 56% YoY boost.
Manulife US REIT posts 15.5% YoY lower distributable income of US$74.3m in FY23
The REIT attributed the decrease to lower rental and recoveries income.
Daily Markets Briefing: STI up 0.96%; Top stock is DBS
DBS is the top stock with a 2.528% increase.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape