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IEA appeals allowing on-site viewing of property units

27 May 2020 - Singapore Business Review
The industry is said to suffer further losses if suspension extends beyond 2 June. The Institute of Estate Agents (IEA) has appealed to Minister for Trade and Industry Chan Chun Sing to allow potential tenants to physically view vacant property units starting 2 June. IEA said landlords and owners, as ...

Daily Briefing: Authorities move on 'anti-competitive activity' on fuel retailers; Warburg Pincus to increase stake in ARA Asset Management

27 May 2020 - Singapore Business Review
And Carousell to help SMEs digitise business. From Channel News Asia: Authorities will monitor and take action if there is evidence of “anti-competitive activity” amongst petrol retailers in Singapore, said Senior Parliamentary Secretary for Trade and Industry Tan Wu Meng. This was after he was asked ...
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Singtel's Indian unit divests 2.75% stake for $1.63b

27 May 2020 - Singapore Business Review
Bharti Group and Singtel will continue to own 56.23% in Bharti Airtel. Singtel’s Indian associate Bharti Airtel have sold 2.75% of its stake to institutional investors for $1.63b (US$1.15b) through an accelerated book building process in the secondary market, an SGX filing revealed. The allocation was ...
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Stocks to watch: China Sunsine Chemical, DLF Holdings, Sapphire Corp, DBS, OCBC

27 May 2020 - The Business Times
THE following companies saw new developments that may affect trading of their shares on Wednesday: China Sunsine Chemical Holdings: The speciality rubber chemicals producer on Tuesday said the group is expected to record lower revenue and profit for fiscal 2020 than it did for the preceding financial ...
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Chart of the Day: Tenant sales of local malls slowed in Q1

27 May 2020 - Singapore Business Review
Suburban malls seem to be holding up better. This chart from Maybank shows that tenant sales in Singapore’s retail sector slowed following enhanced safe distancing measures, with Wisma Atria and SuntecCity posting the largest decline at 15.4% and 20.2% in Q1, respectively. Meanwhile, VivoCity and FCT ...
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Daily Markets Briefing: STI up 1.22%

27 May 2020 - Singapore Business Review
CityDev led the gains amongst top active stocks with a 3.66% expansion. The Straits Times Index (STI) ended 30.47 or 1.22% higher at 2,530.3. The top active stocks were DBS, which grew 1.36%, UOB, which increased 1.18%, OCBC Bank, which advanced 1.41%, Singtel, which edged up 0.76%, and CityDev with ...
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STI up 30.47 points on firm regional sentiment, expected gains on Wall St

27 May 2020 - The Business Times
SINGAPORE stocks rallied strongly on Tuesday, after an extended weekend, amid generally firm sentiment across the region and the futures market pointing towards further gains on Wall Street. The market was also anticipating further fiscal stimulus to be unveiled by Finance Minister Heng... To continue ...
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STI up 30.47 points on firm regional sentiment; beneficiaries of Covid-19 pandemic bounce higher

26 May 2020 - The Business Times
SINGAPORE stocks rallied strongly on Tuesday after an extended weekend, amid generally firm sentiment across the region and the futures market pointing towards further gains on Wall Street. The market was also anticipating further fiscal stimulus to be unveiled by Singapore’s Finance Minister Heng Swee ...
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Inflation slips 0.3% in April

26 May 2020 - Singapore Business Review
The pandemic and measures implemented impacted the collection of prices. Singapore’s core inflation inched down 0.3% YoY in April compared to 2019, a report by the Department of Statistics (SingStat) revealed. In addition, the consumer price index (CPI) slid 0.7% YoY over the same period. The COVID-19 ...

Fiscal deficit totals $74.3b: DPM Heng

26 May 2020 - Singapore Business Review
This follows after Singapore unveiled the $33b “Fortitude” budget. Deputy Prime Minister Heng Swee Keat stated that Singapore’s fiscal deficit has will widen to $74.3b, which is said to be equivalent to 15.4% of GDP. This follows after DPM Heng unveiled the $33b “Fortitude” budget, which has put great ...