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Chart of the Day: Secondary sale transactions plunged 62.35% to 1,840 units

22 Aug 2019 - Singapore Business Review
Buyer sentiment was down in Q2. This chart from Knight Frank shows that secondary sale transactions in Q2 plunged 62.35% YoY to 1,840 units as buyer sentiments weakened. However in a quarterly basis, it recovered 13.4% following the decline in Q1 to 1,623 units. The same trend was observed with primary ...

Daily Briefing: Singapore mulls raising retirement age of uniformed officers in the military; Vegan platform abillionveg raises $2.77m from seed funds

22 Aug 2019 - Singapore Business Review
And molecular diagnostics firm Nova Satra merges with INEX. From Channel News Asia: A review into the retirement age for uniformed officers will be completed “in the next several months,” the Ministry of Home Affairs told its officers on Monday. This comes after Prime Minister Lee Hsien Loong announced ...

Singapore banks ace environment sustainability survey

21 Aug 2019 - Singapore Business Review
Only four ASEAN banks met targets. Singapore’s DBS, OCBC and UOB were lauded in a WWF report for having been amongst only 4 out of 35 in ASEAN banks meeting environmental targets. Of the 35 banks assessed, only the three banks and Thailand’s Kasikorn Bank fulfilled at least half of the 70 criteria whilst ...

Top five industrial stocks' average returns hit 7.2% YTD

21 Aug 2019 - Singapore Business Review
These five have the highest ROE, averaging 15.7%. The five best performing industrial stocks averaged a total return of 7.2% in YTD, bringing their one-year and three-year total returns to 3.8% and 33.3%, respectively, according to SGX. These five are identified to be ST Engineering, Venture Corp, SATS, ...

Sentosa trials first on-demand autonomous shuttle

21 Aug 2019 - Singapore Business Review
Visitors can hail the shuttle via an app. Singapore’s first on-demand autonomous shuttles have hit the streets in the first public trial since on-road testing of the autonomous shuttles began in June 2018. The public trial will run from 26 August to 15 November. Sentosa visitors will be able to hail ...

DBS plans foray into India's credit card space: report

21 Aug 2019 - Singapore Business Review
The bank aims to launch credit card services by Q3 2020. DBS Group is preparing to enter the local credit card market in India in 2020, a senior company executive said on Tuesday. The Singapore-based lender’s move highlights its efforts to tap growth outside its home market to offset weakness in the ...
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Singapore's fixed asset investments hit $8.1b in H1

21 Aug 2019 - Singapore Business Review
The surge was led by the manufacturing sector, which contributed $4.59b. Singapore has generated about $8.1b in fixed asset investments (FAI) in H1, which marks a 52.02% surge as compared to $5.33b in H1 2018, according to data from the Ministry of Trade and Industry’s economic survey. This surge was ...

Daily Briefing: Singapore banks on private sector to plug SEA infra gap; Coworking space for healthtech startups launched

21 Aug 2019 - Singapore Business Review
And Freepoint Commodities will begin supplying very low-sulfur fuel oil to Singapore in Q4. From Bloomberg: Singapore has been moving forward on its aim to be the lead broker of infrastructure projects in Southeast Asia, and is intent on getting the private sector more involved. Globally, government ...

Chart of the Day: Foreigners snapped up 18% of total apartment purchases in Q2

21 Aug 2019 - Singapore Business Review
There was a surge of demand from China, Hong Kong, and Taiwan. The purchases of uncompleted apartments by foreigners accounted for 18% of the total number of transactions in Q2, up 10% YoY or 40% QoQ to 410 units, according to data from Jefferies Equity Research. The report noted that this was the highest ...

Daily Briefing: Singapore banks on private sector to plug SEA infrastructure gape; Coworking space for healthtech startups launched

21 Aug 2019 - Singapore Business Review
And Freepoint Commodities will begin supplying very low-sulfur fuel oil to Singapore in Q4. From Bloomberg: Singapore has been moving forward on its aim to be the lead broker of infrastructure projects in Southeast Asia, and is intent on getting the private sector more involved. Globally, government ...