News
Circular raises US$7.6m in seed funding round
The seed funding boosted Circular’s total valuation to US$30m.
Daily Markets Briefing: STI down 0.25%; Seatrium is top stock
Seatrium closed 1.63% up.
Property investment market activity to remain muted for the rest of 2023
Knight Frank expects total investment sales for 2023 to reach around $18b-$20b.
SG’s outbound investment drops 36.4% QoQ in 3Q23
Year-on-year, outbound investment declined 62%.
ISCA signs MOU supporting development of accountancy entities in SG, China
The agreement will include facilitating exchange opportunities and immersion programmes for students.
Grade A office rents in Singapore declined driven by the premium segment
Specifically, those in Shenton Way / Tanjong Pagar.
Three-quarters of CEOs expect ESG investments to pay off after 3 to 7 years
About 72% of CEOs said it will benefit M&A (24%) and talent attraction (24%).
Stop all unnecessary travel to Israel and the Gaza Strip amidst rocket attacks: MFA
Singaporeans living in Israel and the Palestinian Territories must also be vigilant.
Key industries to drive IPO market growth in 2024
Healthcare, education, and AI-related industries are expected to propel the growth.
Singapore hotel average rates to rise by 7.5% in 2024
As a regional hub for business and tourism, demand growth for SG hotels will continue to increase.
Hong Kong expats boost Singapore’s leasing volume in H2
Inquiries and some signage of leases by expats that came from Hong Kong to Singapore was reported in the second and third quarter of the year.
Accession process underway for Costa Rica’s DEPA application
DEPA is composed of Singapore, Chile, and New Zealand.
Singlife selects consulting firm for asset allocation
The homegrown insurer is looking to sophisticate its asset allocation strategies with Ortec Finance.
Tee International seeks extension to submit revised trading resumption proposal
It requested the extension after signing a second supplemental agreement with Meta5.
Cromwell E-REIT divests Italy asset for $135.4m
Viale Europa represents 6.9% of the REIT’s net asset value.
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Commentary
Why SG60 must mark a cybersecurity turning point
What the global financial crisis can teach Singapore about decision-making today
Singapore is ready for EVs, but the industry needs to catch up
Navigating public–private collaboration in Singapore’s health tech and life sciences landscape