News
Singapore bags 'Best Startup Business Environment in Asia' title
Globally, Singapore ranked 4th.
Retrenchments rise to 4,100 in 3Q
Despite the increase, unemployment rates remained low at 2.0%.
Industrial prices and rentals continue to rise amidst drop in occupancy
In 3Q23, prices rose 6.2% YoY, whilst rentals increased by 9.3% YoY.
MPACT's net property income rises 2.2% QoQ to $183.2m in 2QFY23/24
The REIT likewise reported gains in its gross revenue and DPU.
Net profit of Sheng Siong jumps 5.7% YoY to $34.8m in 3Q23
The higher profit pushed the company's earnings per share up by 5.9% YoY.
Retail recovery drives 1.2% YoY increase in CLCT's net property income in 9M23
In 9M23, the REIT recorded a net property income of RMB316.4m ($59.8m).
Daily Markets Briefing: STI declines 0.24%; Genting Singapore is most active stock
Genting Singapore closed trading at 2.34%.
Resale condo prices rise as sellers hold firm to asking prices
In September, prices rose 0.8% MoM despite a drop in transactions.
How many hours do Singapore consumers spend on shopping apps?
Globally, time spent on shopping apps on Android phones alone is projected to rise 42% in 2023 from 2020.
Manufacturing output grows 10.7% MoM in September
Excluding the biomedical manufacturing segment, output would’ve grown by 17.9% MoM.
High Street Centre up for sale via public tender for $748m
The tender closes on 25 January 2024.
Condo resale prices increase by 7.6% YoY in September
Across submarkets, RCR posted the highest year-on-year price increase.
Condo resale volumes drop 18.4% MoM in September
Over 700 units got resold during the month.
UOB’s net profit up 5% to S$1.5b in Q3
Net fee income growth helped drive profits.
LTA completes upgrade of North-South and East-West lines
As part of the upgrade, LTA replaced more than 1,100 track circuits.
Mapletree Industrial Trust's net property income drops 1.4% YoY to $128.6m in 2QFY23/24
In the same quarter, DPU fell 1.2% YoY.
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Commentary
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