Staff Reporter
IHH unit withdraws IPO application in India
Agilus submitted its Draft Red Herring Prospectus on 29 September.
Keppel Pacific Oak US REIT’s distributable income falls 10.1% YoY to US$26.1m in FY23
The REIT attributed the decline to higher financing costs.
Economy grows 1.1% in 2023; MTI retains 2024 growth forecast at 1.0%-3.0%
Economic growth moderated from 2022, when Singapore recorded a 3.8% YoY expansion.
Deloitte’s Siah Weng Yew: Digital transformation demands shift in business models, mindset, and proactive approach
Weng Yew also emphasises the critical balance between digital innovation and maintaining robust internal controls.
Gov’t upgrades 2024 NODX forecast to 4.0%-6.0%
In 2023, NODX fell 13.1% YoY.
Daily Markets Briefing: STI down 0.09%; Top stock is DBS
DBS stocks went up by 0.246%.
Streaming Battle: Netflix retains its crown in Singapore
The platform saw a 3% growth in its market share in 4Q23.
Industrial sector may see rents softening, vacancies rising this year: expert
The island-wide vacancy rate forecasted to increase to 12.5%.
Singaporean firms lead global ethics, compliance: study
In addressing risks, local firms respond more dynamically to changes than global peers.
IEA to establish regional cooperation centre in Singapore
The centre will start operations in the second half of 2024.
Budget 2024: Economist foresees focus on four areas
RHB believes the budget will be a mix of short- and long-term goals.
Seatium renews contract with GasLog and Shell
The renewed contract is valid from 2024 to 2029.
StarHub achieves 99% coverage with its outdoor 5G network
The telecom player introduced its 5G services in Singapore in 2020.
Grand Banks profit surge 91.7% in H1
The rise in production activity in the Malaysia facility increased total revenue by 29.5%
What tech jobs and skills will be in demand in 2024?
Five in 10 tech hiring managers plan to increase headcount this year.
CapitaLand Investment establishes new lodging private fund
The fund has a target equity size of $800m.
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