Daily Briefing: Cabinet shakeup could boost Singapore stocks; Luxury property sales crashed 42% in Q3

7 Dec 2018 - Singapore Business Review
And EDBI joins US$90m funding round for voice security startup Pindrop. From Bloomberg: Singapore’s equity valuations may benefit from a handover of the country’s reins to younger leaders, according to Oversea-Chinese Banking Corporation (OCBC) head of research Carmen Lee. A younger team with technology- ...

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BIP Asia Forum Opens Today

6 Dec 2018 - ACN Newswire
The eighth edition of the Business of IP Asia Forum (BIP Asia Forum) jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR), the Hong Kong Trade Development Council (HKTDC) and the Hong Kong Design Centre, opened today at the Hong Kong Convention and Exhibition Centre ...

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Top Glove, AMMB to replace Telekom, KLCCP Stapled in KLCI

6 Dec 2018 - The Star Online
KUALA LUMPUR: Top Glove Corporation Bhd and AMMB Holdings Bhd will be included in the FTSE Bursa Malaysia KLCI with effect from Dec 24, taking over from Telekom Malaysia Bhd and KLCC Prop & REITS – Stapled Securities. FTSE Russell and Bursa Malaysia announced on Thursday the changes to the 30-stock KLCI ...
klse:1015 sgx:bva klse:7113 klse:4863

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MND unveils GLS sites for hotel and commercial uses

6 Dec 2018 - Singapore Business Review
The Marina View site can yield about 2,000 sqm of commercial space and 540 hotel rooms. The Ministry of National Development (MND) revealed new sites under the H1 2019 Government Land Sales Programme (GLS) for hotel and commercial purposes. Although all the Confirmed List for H1 2019 are residential ...

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Dual-class shares more bane than boon for Singapore markets: report

6 Dec 2018 - Singapore Business Review
Contradictions in corporate governance policies nullified listing rules and code revisions. The introduction of dual-class shares (DCS) has damaged regulatory credibility whilst contradicting emphasis on investor stewardship, according to findings from the Asian Corporate Governance Association (ACGA) ...

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HDB resale prices up 0.2% in November

6 Dec 2018 - Singapore Business Review
Resale volumes fell 5.7% to 1,881 flats. Housing and Development Board (HDB) flat resale prices rose 0.2% MoM in November, SRX Property revealed. HDB Executive flats led the price hike of 2.5%. Meanwhile, HDB 4-rooms and HDB 5-rooms recorded a slip in their prices by 0.3% and 0.5%, respectively, on an ...

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SMEs expect 15% lower turnover amidst challenging business environment: report

6 Dec 2018 - Singapore Business Review
Investments totaled less than 10% of sales for 75% of SMEs in 2018. Singapore's small and medium-sized enterprises (SMEs) expect turnover to decline 15% in 2018 which is higher compared to the -11% projection in 2017, according to the 2018 SME development (SMED) survey conducted by Experian Group’s business ...

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GoJek uses promo codes to lure more users

6 Dec 2018 - Singapore Business Review
They initially offered credits worth $5 for the first two rides of DBS and POSB customers. In its pursuit to seal its initial market share, Go-Jek will use promotion codes to lure more users into their side, RHB analyst Shekhar Jaiswal said. Jaiswal noted that the new player’s initial offers include ...

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H1 2019 GLS residential supply trimmed by 20% to 6,475 units over moderated demand

6 Dec 2018 - Singapore Business Review
There are still about 45,000 units left in the pipeline. The residential supply to be released under the Government Land Sales Programme (GLS) for H1 2019 will be moderated amidst the easing down of demand after the property curbs in July, the Ministry of National Development (MND) revealed. Compared ...

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Chart of the Day: Retail space supply to hit 1.53 million sqft in 2019

6 Dec 2018 - Singapore Business Review
A large chunk of space supply will be outside the central region. This chart from OCBC Investment Research with data from CBRE shows that retail space supply will be the highest in 2019 compared to 2018, 2020, and 2021 as supply could reach about 1.54 million sqft. A large chunk of this supply will be ...

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