Staff Reporter
Retail sector faces headwinds despite expected early 2025 boost
Retail sector faces headwinds despite expected early 2025 boost
Expected GDP easing to affect retail sales growth this year.
Daily Markets Briefing: STI up 0.53%; Top stock is Keppel
Keppel is the top stock with a 1.74% increase.
Tiong Seng Holdings increases share capital with $2m placement
The placement agreement was signed with Continental Steel Pte Ltd, one of Southeast Asia’s premier steel suppliers.
CSE Global subsidiary initiates legal proceedings over SBLC dispute
The company intends to recover the $8.1m (US$6m) paid under the SBLC.
Resale condos show recovery in November with 1.2% price increase: analysts
Growth was attributed to limited supply and recovering demand, particularly in the OCR.
HDB resale prices grow 9.6% in 2024 despite Q4 slowdown
It was higher than the 4.9% growth in 2023.
Budget 2025 proposals must boost cybersecurity and innovation: EY
It also called for enhancements to Singapore's tax system to support businesses and drive innovation.
Singapore GDP could grow by up to 3% in 2025: analysts
UOB and RHB said MAS will likely maintain its current policies through mid-2025.
GCB sales rise in H2 2024 with 12 deals valued at $376m
The sales value in H2 was 61% higher than in H1.
Singtel Strategic Investments backs ADVANC tender offer with NewCo
The tender offer will cover the remaining 1.08 billion shares of ADVANC.
Nio boosts EV deliveries by 38.7% YoY in 2024
Its cumulative deliveries reached 671,564 in 2024.
Geo Energy’s $200m project bags insurance backing from SINOSURE
The insurance coverage will support the development of Geo Energy’s Integrated Infrastructure.
Asia Enterprises to acquire over 28% stake in GKE Metal Logistics
The transaction amounts to $8.86m, or $24.75 for each share.
SingPost clarifies Famous Holdings sale not yet certain
This comes after Maybank said that a potential sale could raise at least $80m.
Investor group SIAS calls for independent inquiry in SingPost exec dismissals
The group said this points to an ‘extremely serious’ breach of rules.
UMS Integration aims for secondary listing on Bursa Malaysia
The proposed secondary listing does not involve any offering of shares.
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