Staff Reporter

Daily Markets Briefing: STI up 0.86%; Top stock is YZJ Shipbldg USD

YZJ Shipbldg USD is the top stock with a 5.68% increase.

Economy grew 3% in H1

GDP growth was slightly slower in Q2 as the manufacturing sector shrunk.

NETS unveils terminal-less contactless payment solution

It accepts card payments and QR payments from local and overseas apps.

8 in 10 Gen Zs keen on AI for enhanced banking, retail experience

About 43% of them have already used AI for shopping.

Singapore stock market sees $506m net institutional outflows in August

The net institutional outflows were led by the financial and industrial sectors.

Singapore's card payments market to grow by 14.3% in 2024

The rising demand for non-cash payments will drive this growth.

Strata office sales fall 15.6% HoH to $437.3m in H1 

The average unit price for strata office properties also fell, dropping 20.1%

Antler closes $72m Southeast Asia Fund II

Antler SEA Fund II plans to invest $27m in 45 startups.

Daiwa House Logistics Trust NPI down 8% YoY in H1 2024

Gross rental income also decreased by 9.3%.

Cordlife warns of H1 2024 loss

The company will disclose more details on or before 14 August.

SG's life insurance total weighted new business premiums surge 27% YoY in H1'24

Employment in the market was stable, a slight decrease of 0.5% versus last year.

Far East Hospitality sets Singapore record with 16 GSTC certifications

The company attributed its feat to efforts such as emissions tracking.