News

Key industries to drive IPO market growth in 2024

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.

Thales mulls hiring 1,000 people in SG

The company has 2000 people in Singapore across its four sites. 

Top Glove widens loss to $86.7m in 4Q23

In 3Q23, the company only recorded a loss of $11.8m.

Changi Airport extends contract with Shilla Travel Retail until 2028

The extension covers 22 outlets across Changi Airport's terminals.

Contribution of digital economy to SG rises to $106b in 2022

The figure translates to 17.3% of Singapore's GDP last year.

3 reasons why MAS to keep policy settings ‘unchanged’

MAS will hold its monetary policy meeting no later than 13 October.

Singapore leads FinTech SEA funding in 3Q23

The city accounted for 70% of funding in the quarter.

Asian countries must ‘insulate’ overall relations from issues: Singapore PM

PM Lee said countries must cooperate pragmatically for mutual benefit.

Cost-of-Living support package to boost retail sales

For 2023, UOB expects retail sales to grow by 3.5% 

Structural nuances determine stamp duty for fractional property investments: MOF

Buyers directly acquiring residential properties usually have to pay up to 6% stamp duty.