News

Chart of the day: Mental health in North Region most ‘strained’ in Singapore

Almost 2 out of 5 Singaporeans have high mental health risks.

Market update: STI down 0.56%

DBS and Keppel Corporation are the only gainers.

Retail sales jump 17.8% YoY in May

Excluding motor vehicles, total retail sales increased by 22.6% YoY.

Property investment sales jump to $8.2b in Q2 22

Sales were driven by the commercial sector.

Gov’t sees no recession in 2023: Tan

Authorities readied plans to combat high inflation.

Singapore PMI edges lower by 0.1 in June

The electronics industry posted a strong performance last month.

Home affairs ministry eyes amending law on renovation fraud

From 2019-2021, there were 100 cases involving errant renovation contractors.

Rising interest rates: Which SREIT will be the biggest loser?

The DPU of an industrial REIT is expected to drop 15.0% in 2023.

NUS’ new hydrogen research institute starts operation

The Centre for Hydrogen Innovations has received S$25m investment.

Yanlord Land Group’s contracted pre-sales rise to $6.5b in H122

The H122 pre-sales translate to a 9.5% YoY jump.   Yanlord Land Group’s contracted pre-sales from residential and commercial units, and car parks rose by 9.5% YoY to $6.5b (RMB31.394b) in H122, its latest unaudited operating figures revealed.

SG is 2nd most transparent real estate market in Asia

The market improved its data coverage and sustainability commitments.

EMA opens for second wave of proposals for electricity imports

Bids for electricity supplied by coal-fired generation technologies will be rejected.

CHART OF THE DAY: IPOs in Singapore and neighbouring markets

IPOs raised $614.7m (US$0.44b) from January to May 2022

Market update: STI up 0.84%

Two of Singapore's biggest banks topped the index.

Gov’t to push through with GST increase despite rising inflation

The GST will be increased from 7% to 8% on 1 January 2023, and to 9% on 1 January 2024. 

Fintech YouTrip launches online travel insurance in platform

The company’s business reportedly grew four times in Q2 compared to 2021.