News
How many hours do Singapore consumers spend on shopping apps?
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.
CICT posts 0.6% YoY higher net property income of $275m in 3Q23
The REIT attributed its improved NPI to higher gross rental income.
NetLink NBN hit by cybersecurity incident
The incident does not affect the company's fibre broadband connectivity.
Daily Markets Briefing: STI declines 0.17%; Genting Singapore is most active stock
Genting Singapore is top stock, increasing 3.64%.
Private residential non-landed rents increase by up to 10% in 2023
Year-to-date, rents have risen by 7%.
Private residential resale volume slips 12% YoY to 2,748 units in 3Q23
For 2023, OrangeTee expects resale volume to reach 10,000-12,000 units.
Singapore proposes shared responsibility framework for phishing scams
Both financial institutions and telcos are held accountable for mitigating scams.
Mapletree Logistics Trust posts 0.9% YoY higher DPU of $0.02268 in 2QFY23/24
The REIT attributed the increase to contributions from acquisitions and divestment gains.
Demand for embedded finance soars amongst local SMBs
SMBs (75%) are already looking to switch their banking solution provider.
MOM enhances measures to reduce heat stress risk for outside workers
Measures include monitoring of the Wet Bulb Globe Temperature for every hour of outdoor work performed.
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Commentary
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