News
SG pledges $10m for the development of global digital capabilities
SG pledges $10m for the development of global digital capabilities
The fund will be used for capacity-building programmes.
CCCS seeks feedback on City Energy’s acquisition of Tan Soon Huah Gas Supply’s LPG business
The commission is studying whether the deal will infringe section 54 of the Competition Act 2004.
Thomson Medical confirms ‘discussions’ about exploring a potential deal
The Peter Lim-led company is reportedly planning to acquire a stake in Vietnam’s FV Hospital.
Growing 50-plus affluent population to increase demand for smaller homes
Data from Savills showed that 47% of SG’s affluent population will be aged 50 and above by 2023.
6 ways Singapore can grow its talent pool for global leadership roles
Business leaders will play a critical role in deepening SG’s role as a Global-Asia node, says DPM Heng.
SG’s office market hit by increasing vacancy pressure
A CBRE report showed that vacancy may hit around 10% by the end of 2023.
Daily Markets Briefing: STI down 0.07%; SIA is highest stock
SIA grew by 3.571%.
Six-month Treasury bill yield at 3.84%.
44% of the applicants who submitted competitive bids at the cut-off yield were allotted.
OCBC to remain strong and stable through 2024: Moody’s
Asset quality and nonperforming loans will likely remain between 1% to 1.5% in 2023-2024.
Pasture Holdings raises $5m in SGX Catalist debut
All 20 million placement shares offered by the company were subscribed.
PropNex garners 48 cheques for Eleven@Holland; 7 more homes for sale
The seven properties will be put up for sale via tender, closing on 12PM on 12 June.
Singapore snags ‘most ideal country for FX traders’ title
The Lion City recorded a forex suitability score of 8.07 out of 10.
HDB resale volume to ‘ease slightly’ in June: expert
In May, volumes picked up by 3.2% MoM.
Hongkong Land unveils 10 planned retail developments in China
Its Shanghai West Bund Financial Hub will have a total development area of 1.1 million sqm.
6 in 10 B2B organisations expect growth in marketing budgets next year
They believe their “financial fluency” investment will finally pay off.
Flex spaces to increase foothold in Singapore’s office market
As of Q123, flex spaces already consist of about 10% of the total office stock in the Lion City.
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Commentary
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