News
CIMB Singapore raises deposit interest rate tenfold to up to 2% annually
CIMB Singapore raises deposit interest rate tenfold to up to 2% annually
StarSaver savings account holders can enjoy the new rate without any deposit caps.
Rents for high-end non-landed private residential units rise at fastest pace since 2014
In Q2, rents rose to $4.79 psf.
‘Nucleus of SG’s maritime supply chain’ Tuas Port opens
Its first three berths are now operational.
Weak share price for ST Engineering shows buying opportunity: report
ST Engineering is still resilient due to global aviation traffic.
MAS tacks $375k fine on UOB Kay Hian
The fine is for breaches in business conduct and anti-money laundering rules.
Two-thirds of businesses involved in corporate giving: Wong
This will build trust and unity in the society.
Golden Agri subsidiary defers listing in India
The subsidiary will explore opportunities to enhance shareholders' value in the meantime.
Some F&B operators, retailers unfazed by rising rents: Savills
It sees retail rents in Prime Orchard up by 3% year-on-year.
Chart of the day: 2 in 5 adults uncomfortable not wearing masks in indoor spaces
They are the most uncomfortable not wearing a mask in private transport modes.
Market update: STI up 0.19%
Jardine Matheson led the index.
IPO market in doldrums as companies go cautious amidst global slowdown
Not even the debut of SPACs in the SGX can save 2022.
Standard Chartered, FairPrice-backed Trust Bank launches in Singapore
A total of S$400m was invested by its shareholders, the neobank said.
RHB Singapore raises deposit interest rates to up to 5.5%
It attributed this to the “recent spate of competitive rising rates by local banks.”
RHB Singapore has joined the bandwagon of local banks that have raised the interest rates for their deposit accounts.
SLA to roll out changes in remnant land charging framework
The updated framework includes a new rate for remnant land parcels.
ST Engineering bags $1.4b turnkey rail contract for Kaohsiung MRT Yellow Line
The contract was granted by Kaohsiung City Mass Rapid Transit Bureau.
GuocoLand to open preview for Lentor Modern on 2 September
The private condominium will be completed in 2026.
The show gallery for Lentor Modern will be open for preview starting 2 September, GuocoLand announced.
Once completed in 2026, Lentor Modern will become the first private condominium launch in the Lentor neighbourhood in more than two decades.
Lentor Modern is situated on a 1.7-hectare site and comprises three 25-storey residential towers above a mall with more than 96,000 square feet (“sq ft”) of F&B and retail shops, a supermarket and a childcare centre.
Crypto adoption further rose in 2022: study
About 20% of adults in Singapore own cryptocurrency.
The percentage of Singaporean adults who own cryptocurrency had gone up to 20% in 2022 from 16% last year, data from Finder.com showed.
Of those who own cryptocurrencies, 68% are men, whilst 32% are women.
Amongst types of coins, bitcoin was the most popular amongst Singaporeans (33%), followed by Ethereum (26%).
Commentary
When it comes to AI, there is no such thing as too many chefs
The agility trap: Why most Singaporean businesses are structured for stability, not speed
Building a Southern Malaysia supply chain ecosystem for Singapore’s advanced manufacturing
Failed talks, rising costs: Why Singapore still feels the shock of Middle East tensions
How Singapore consumer brands can build strong supply chains amidst rising input costs
Singapore’s AI ambitions will rise or fall on infrastructure
Why a clear digital roadmap is essential for business success
Singapore’s port model is under pressure as shipping disruptions reshape trade
The trust tax: Navigating the ‘sophistication shift’ in Singapore’s digital economy
Conflict, costs, and construction: Where can margins still be saved?