Staff Reporter
Shophouse along Craig Road on sale for $12m: Savills
It will be sold via expression of interest until 31 August.
Private home sales in mid-tier market jumps 44.4% QoQ in Q2
Both new sales and resale volume increased during the quarter.
GDP estimates lowered following manufacturing sector slowdown
Analysts now predict 2022 GDP growth to settle at 3.2% YoY from 3.5% YoY.
Chart of the day: Transport engineering output shoots up 32% in June
Output in the marine & offshore engineering segment increased by 44%.
Market update: STI up 0.41%
Yangzijiang Shipbuilding is the highest gainer.
Keppel REIT’s net property income up 6% YoY in H1 2022
Its portfolio committed occupancy stood at 95.5%.
Clarke Quay to become a day-and-night destination
This is thanks to a S$62m asset enhancement initiative.
Frasers Centrepoint Trust's tenant sales jump 23% YoY
Amongst Frasers' assets, Tampines 1 and Waterway Point had the highest sales growth.
Lendlease Global CREIT bags $100m sustainability-linked term loan facility
Proceeds will be used to refinance a loan due in FY23.
Singtel puts up lifestyle service provider on e-wallet Dash
The lifestyle deals will be offered by over 300 merchants.
HDB rents to rise by 16%-18% by yearend
Rents went up 18% year-on-year.
ESR-Logos Reit reports 6% fall in H1 DPU
Higher utility expenses drag down DPU for the first half of the year.
Manufacturing output growth moderates to 2.2% YoY in June
Excluding biomedical manufacturing, output grew 4.2% YoY.
EDB launches second leg of its corporate venture building programme
A total of $20m of fresh funding will be received by the program beneficiaries.
Standard Chartered stands out in marrying trust with Artificial Intelligence (AI)
The Bank built an AI engine to hold other AI systems accountable.
Standard Chartered achieves rapid automation in banking’s manual back-office processes
The financial institution is recognised at the Malaysia International Business Awards for successfully using Artificial Intelligence & Machine Learning (AIML) to boost operational efficiency in onboarding new clients.
Commentary
Is Singapore's emphasis on long-term security and stability hindering purpose-driven employees?
When Singapore's agentic AI ‘chefs’ arrive, will the kitchen be ready for them?
What Singapore’s app store rules reveal about the future of online trust
Faster hiring alone will not fix construction’s productivity problem
Beyond policy: How Singapore's service sector can win at the frontline
Solving the production problem behind Singapore’s ‘pilot purgatory’
Transformation without disruption: Your Existing ERP is an accelerant to business innovation
From Singapore to Southeast Asia: Thriving in innovation by knowing when to pause
Section 13O, MAS, and the digital footprint of Singapore Family Offices