News

Chart of the day: Singapore expat packages places 8th in Asia rankings

Salary and benefits packages in the country rose by 4%.

Market update: STI up 0.36%

Wilmar International was seen with the most growth.

Wilmar International’s net profit rises 55.1% YoY to $1.6b in H1 2022

Its key business segments improved their performance during the period.

Open for business: TikTok Shop launches in Singapore

The in-app feature is in support of local businesses. 

Ascendas REIT to acquire Philips APAC Center for $104.8m

More than two-thirds of the property’s gross floor area will be leased to Philipps.

DBS denies interest in India’s IDBI Bank: report

This follows after reports said that DBS is mulling purchase of a stake in the bank.

Singapore priced $2.4b inaugural sovereign green bond at 3.04%

The remaining $50m of the bond will be offered to investors.

Hong Leong Finance sees profits rise to S$45.1m in H1

It has also announced an interim dividend of S$0.0375 in its latest bourse filing.

Selling prices for private properties grow by around 3%-5% in Q2

The strong takeup in new condo launches boosted prices during the quarter.

No recovery yet for HDB resale demand since cooling measures: analyst

HDB sales are 11.3% lower and below the 12-month average.

Chart of the day: Strata retail gears up for a comeback

Reopening of the retail sector spurred interest in strata retail spaces.

Market update: STI up 0.52%

City Developments Limited was at the top.