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Foreign direct investment from Singapore fell 11.79% to US$24.7b

18 Jun 2018 - Singapore Business Review
This was due to a significant fall in foreign direct investments in the financial sector. The United Nations Conference on Trade and Development (UNCTAD) previously reported in its World Investment Report that Singapore ranked as the fifth largest recipient of foreign direct investment (FDI) in the world ...

Grab's $500m syndicated facility deal 2.5 times oversubscribed

18 Jun 2018 - Singapore Business Review
The deal will fund Grab Car’s vehicle fleet. HSBC Singapore closed Grab’s $500m five-year asset-backed syndicated facility, which has a potential upsize of $800m. The deal was 2.5 times oversubscribed, with a total of 16 bank and non-bank financial institutions participating. “The emphasis on operating ...

Changi Airport fares to be one of Asia's highest over new development levy

14 Jun 2018 - Singapore Business Review
Departing passengers will be charged $13.3, 39% higher than the previous fee. The new Passenger Service Charges (PSC) structure to be implemented on 1 July 2018 will make Changi Airport one of the costliest airports for passengers in Asia Pacific, UOB Kay Hian said. The airport development levy on departing ...

Chart of the Day: Singapore-listed equity raising in H1 jumped 208.6% to $4.33b

18 Jun 2018 - Singapore Business Review
It was bolstered by follow-on offerings with proceeds worth $3.79b. This chart from Thomson Reuters' latest report shows that Singapore-listed equity offerings totalled $4.33b (US$3.2b) so far this year, 208.6% higher compared to the first half of 2017. This marked the strongest first half period since ...

SGD bond markets down 41.9% to $7.5b YTD

15 Jun 2018 - Singapore Business Review
LTA’s $1.2b bond offering is 2018’s largest so far. The total Singapore-dollar bond issuance declined 41.9% YoY to $7.5b (US$5.7b) so far this year, Thomson Reuters revealed. Data revealed that the SGD bond market crashed by 63.9% QoQ to $2b (US$1.5b) during the second quarter of 2018 the as the number ...

Volatile pharma and food could dent NODX growth in May

15 Jun 2018 - Singapore Business Review
Moody’s forecasts it could fall to 5.5%. Singapore's nonoil domestic exports (NODX) likely cooled to 5.5% YoY in May after the 11.8% YoY gain in April following the 3.2% drop in March, Moody’s Analytics said. According to its forecast, the more volatile pharmaceuticals and food preparations categories ...

Bond offerings rose 0.7% to US$14.4b YTD

15 Jun 2018 - Singapore Business Review
Proceeds declined by 18.6% to US$6.5b as the end of Q2 approaches. Primary bond offerings from Singapore-based issuers slightly rose by 0.7% YTD to US$14.4b as local companies tapped both domestic and offshore bond markets to raise funds, Thomson Reuters revealed. Data showed that as the end of the second ...

Industrials led Singapore's cross-border IPOs in H1

15 Jun 2018 - Singapore Business Review
They had a market share of 39% and total proceeds of US$36m. Singapore’s industrial firms led the growth of cross-border initial public offerings (IPO) in the first half of 2018 as they raised a total of US$36m, translating to a market share of 39%, Baker McKenzie said. With a growing number of Singapore ...

Daily Briefing: Singapore trails behind Hong Kong in offshore wealth management; Sea prices $500m convertible note

15 Jun 2018 - Singapore Business Review
And following Amber45's strong sales, UOL is launching another condo that could go for $1,400 psf. From Reuters: An annual study from the Boston Consulting Group showed Switzerland remained the world’s biggest center for managing offshore wealth with $2.3 trillion, followed by Hong Kong with $1.1 trillion ...

Chart of the Day: Startups embracing co-working spaces could save as much as $4,000

15 Jun 2018 - Singapore Business Review
An average hot desk costs $489 monthly. This chart from ValuePenguin shows that cash-short startups could save a significant amount of money if they turn to flexible working arrangements like co-working spaces which rent for an average of $489 monthly than operate in conventional office spaces in CBDs. ...