News
Singapore could be affected by increasing rice prices
Singapore could be affected by increasing rice prices
The El Nino and India’s non-basmati rice ban contributed to the price increase.
Guotai Junan Futures enters Singapore’s derivatives market
It is the sole futures and derivatives platform of Guotai Junan Securities in Singapore.
Hotel room rates for the Singapore Grand Prix shoot up to $880
Compared to 2022, room rates have risen by 27%.
What can weigh down Singapore's financial market?
Economists cited three factors.
Freehold 5-storey shophouse along Hongkong Street on sale for $47.5m
There will be no ABSD or SSD imposed on the property transaction.
Combined wealth of Singapore’s richest climbs 8% YoY to US$177b
Meta Platforms’ co-founder, Eduardo Saverin, is Singapore’s richest person.
HDB resale prices rise 7.2% YoY in August
Month-on-month, prices rose by 0.6%.
Tax revenue up 13.1% YoY in FY22/23
The government collected $68.6b in tax revenue for the period.
Over $4b in grants distributed to businesses, workers: IRAS
More than 120,000 enterprises received grants from the agency.
Retail sales flatline in July but expects rebound in H2
However, outside factors like negative job market conditions could put a drag on its growth.
Chart of the Day: SG’s prime rent for luxury lettings eases to 24.5% in Q2
The city has the highest rental value in the index.
Daily Markets Briefing: STI down 0.12%; Hongkong Land is top stock
Hongkong Land saw a 1.41% increase.
Singapore customers seek transparency amidst companies’ AI adoption growth
About 9 in 10 said they want to know whether they are speaking with AI or a human.
ST Engineering, Nutanix to enhance hybrid cloud competency in Singapore
They will develop a solution and a curriculum to train the country’s workforce.
CapitaLand Malaysia divests office property for around $15m
The divestment is expected to be completed by Q1 2024.
Int’l businesses target ASEAN for supply-chain connectivity versus consumer market
Growth in sales for the region is expected to climb 23.2% in the next 12 months.
OxPay receives licence to offer e-money and account issuance
The fintech said it won’t have any material impact on the group’s financial statement this year.
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