News

NETS to resume selling and use of FlashPay card

NETS to resume selling and use of FlashPay card

The current card-based ticketing system will operate alongside the SimplyGO system.

What are the top five equity deals in Singapore in 4Q23?

The top company accounted for 20.9% of the total funding in the last quarter of the year.   The Series B funding of chiplet technology company Silicon Box was the top equity deal in Singapore in the fourth quarter, data from CB Insights' "State of Venture Report” showed.

Office rental rates rise 1.1% in 2023

The 2023 record is smaller than the 2022 growth of 2.2%.

Rage applying, moonlighting, and quiet quitting emerge as leading employee trends in 2024

Inadequate pay is among the main factors driving these employee trends.

IREIT Global’s portfolio valuation dips 2.6% HoH in 2H23

The REIT portfolio valuation as of 2H23 was $1.3b (€899.0m).

FCT’s retail portfolio occupancy reaches 99.9% in 1Q24

The latest figure is 1.5%-pt higher than the 1Q23 record.

US emerges as the top source economy of Singapore's portfolio investment liabilities

Singapore's portfolio investment liabilities were at $593b as of the end of June 2023.

Daily Markets Briefing: STI down 0.1%; Top stock is DBS

DBS is the top stock despite a 0.468% decline.

MSIG Insurance launches personal accident plan with essential, recovery support

It offers payout and support in the event of accidental death or permanent disability.

Investment sales fall 26.8% YoY to $20.5b in 2023

The residential market accounted for 64.4% of total investment sales in 4Q23.

Ex-JP Morgan banker named chairman of Bahrain neobank Singapore Gulf Bank

Edmund Lee was formerly vice chairman of APAC for JP Morgan Chase & Co.

Industrial sales value drop 4.4% YoY to $3.6b in 2023

Notable transactions in 2023 include the sale of Jardine C&C Regional HQ for $142m.

The Arcady at Boon Keng sells 51 of 172 units on launch day

One-bedder and two-bedder types accounted for the majority of the sales.

ACRA revokes registrations of LW Business Consultancy and its director

The firm reportedly committed anti-money laundering breaches.

  Private new home sales to start slow as buyers remain selective and price-conscious

The Arcady and Hillhaven sold more than 50 units each on launch day.

Auditor raises ‘material uncertainty’ on No Signboard

The company incurred a net loss of $4.7m in FY22.