News

OCBC’s net profits up 19% to S$1.22b in Q3

OCBC’s net profits up 19% to S$1.22b in Q3

Net trade income plunged 67%, slightly offset by stronger net fees and commissions.

8 in 10 Singaporeans set aside at least 10% of salary for savings

An average Singaporean saves 27% of his/her salary.

October PMI unchanged at 50.8 points

The manufacturing sector has recorded 16 months of consecutive expansion.

3 in 5 Singaporeans believe in-store shopping remains in style

Furthermore, 30% of consumers miss shopping in stores.

Grab and Lazada partner for on-demand same-day deliveries

The collaboration also offers more earning opportunities for Grab delivery partners.

SGX licenses bitcoin index to Propine

Propine is the first MAS-licensed digital asset custodian.

Great Eastern profits down 26% to $213.3m QoQ

MoM, however, there is a 43% increase due to more favourable conditions.

HDB resale transactions dip 0.8% in October

New PLH model rules are not to be blamed for the decline, according to analysts.

Market update: STI up 0.39%

Jardine Matheson Holdings is seen with the most growth.

Singapore’s SMBs adapt as more consumers seek contactless payments

Nearly four in five Singaporeans expect to use contactless payments, the highest in the world.

Private property prices up 3.88% to an all-time high of $1,791 psf

Changi Village recorded the highest price growth for the quarter at 10.40%.   Prices of private properties grew by 3.88% in the fourth quarter, driving the median asking price to an all-time high of $1,791 psf, PropertyGuru reported in its Q4 2021 Property Market Index.   Based on the report, the highest growth in asking price was recorded in Changi Airport, Changi Village (District 17) at 10.40%  to $1,178.10 psf.   Behind Changi Village were Sembawang, Yishun in District 27 (10.23%  to $1,252.61  psf); East Coast, Marine Parade in District 15 (8.56% to $2,187.28 psf); Hougang, Punggol, Sengkang in District 19 (5.52% to $1,504.27 psf); and Pasir Ris, Tampines in District 18 (4.95%  to $1,294.78 psf).   From the top-performing districts in terms of asking price growth, three also had entries in the top 10 best selling condos for the fourth quarter namely Pasir Ris 8 in District 18; OLA, The Florence Residences and Sengkang Grand Residences in District 19; and The Watergardens at Canberra in District 27.   On the other hand, City Hall, Clarke Quay (District 6) had the slowest growth in its median asking price for the quarter, declining 12.30% to $3,000.00 psf. This price, however, according to PropertyGuru is still considered “very healthy.”   Other districts which saw a decline in prices were Mandai, Upper Thomson in District 26 (4.25% to $1,064.92 psf);  Beach Road, Bugis, Rochor in District 7 (2.13% to $2,690.97 psf); Seletar, Yio Chu Kang  n Distroct 28 (2.10%   to $1,194.03 psf); and Newton, Novena  in District 11 (0.15% to $ 2,322.73 psf).

Novo Tellus files for blank-check IPO in SGX

The SPAC size is between $200m to $250m.

Yangzijiang records all-time high order wins for 124 vessels 

They are worth approx. $9.99b, the largest order wins in the company's history. 

Temasek makes offer for Sembcorp Marine unconditional

This is due to the completion of the Minimum Acceptance Condition of 50% of shares.

Cuscaden obliged to offer $0.964 chain offer price per SPH REIT unit

This is based on the average daily VWAP of the units within the last 20 trading days.

Ascendas REIT issues $164m notes

The notes have a 2.63% fixed interest rate per annum.

3 SG-based projects join Top 10 Most Influential Projects from APAC

These are the Tengeh Floating Solar Farm, SGFinDex, and Johor Bahru-Singapore RTS.