Staff Reporter
Daily Markets Briefing: STI up 0.32%; Top stock is Genting Sing
Daily Markets Briefing: STI up 0.32%; Top stock is Genting Sing
Genting Sing is the top stock with a 1.96% increase.
Singapore’s property tax changes to ease costs for most homeowners in 2025
90% of owner-occupied private properties will benefit from reduced tax bills.
Energy sector to lead 2025 bonuses with firms pledging one month or more
It is followed by the transport, logistics, and automotive sector (98%) and the communication services sector (94%).
Gov’t unveils new safety measures for handling higher-risk machinery, combustible dust
14% of fatal and major injuries, with 60% of these cases in the Manufacturing sector.
Rail system installation for Johor Bahru – Singapore link to begin by end-2024
The LTO said 80% of civil structure works in Singapore are completed.
HIV self-test kits to be available in select retail pharmacies by end Janaury
This is part of the health ministry’s effort to boost self-testing.
Singapore ICT market to grow to $190.3b by 2028
The market is expected to grow at a CAGR of 16.3%.
JPMorgan Chase Bank fined $2.4m for oversight lapses in bond transactions
The bank had already paid the civil penalty.
Cosco Shipping unit to develop 2nd phase of Jurong Island Logistics Hub
The subsidiary will develop it at Tembusu Crescent.
Kingsmen Creatives associate achieves full ownership of Kingsmen E&E
The associate acquired an additional 10% stake in E&E for $395,000.
Jumbo Group net profit hit by 8.8% YoY rise in expenses
Net profit declined to $13.7m in FY2024.
SingPost to gain $312.1m from Australian freight unit divestment
It sold the unit at an enterprise value of $897.6m.
SUSS launches intercontinental alliance of healthcare providers initiative
Initiatives will be grounded in five strategic themes including continuity of care.
Daily Markets Briefing: STI down 0.11%; Top stock is Singtel
Singtel is the top stock with a 1.64% increase.
HDB resale flat prices to grow slower in 2025
Huttons estimates HDB resale transactions at 26,000 to 28,000 in 2025.
Fewer firms expect better business conditions despite revenue growth
65% saw revenue growth in 2024, but only 36% expected better conditions.
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