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Private condo rents inched up 0.6% in November

12 Dec 2018 - Singapore Business Review
Rental volume in the city-state fell 11.2% to 3,791 units. Private condominium rents grew 0.6% MoM in November, SRX Property revealed. The largest rent hike of 1.8% MoM was observed in the core central region (CCR). Rents for condo units around the rest of the central region (RCR) also rose 0.6% whilst ...

HDB rents dipped 0.5% in November

12 Dec 2018 - Singapore Business Review
Rising flat supply will ensure that leasing costs remain cheap. Rental rates for Housing and Development Board (HDB) flats slipped 0.5% MoM in November, with HDB Executive rents leading the fall as their rents dipped 2.3%, SRX Property revealed. HDB 3-rooms and 4-rooms also recorded a slip in rental ...

BlueSG to unveil charging stations for private car owners in Q1 2019

12 Dec 2018 - Singapore Business Review
They are also eyeing to offer corporate subscription for Singapore firms. BlueSG will launch its charging network to third party vehicles progressively by Q1 2019 as part of its bid to push for the development of electric vehicles in Singapore. Subscribers of the service can avail of the charging in ...

Retail sales up 0.1% to $3.7b in October

12 Dec 2018 - Singapore Business Review
Petrol service stations sales grew the largest at 11.4%. Retail sales continued their upward trend albeit at a slower pace after inching up 0.1% YoY to $3.7b in October, according to data from the Department of Statistics (SingStat). Excluding motor vehicles, retail sales grew 0.5%. Online retail sales ...

Chart of the Day: Rubber-focused stocks hit average 18% gains in December

12 Dec 2018 - Singapore Business Review
Average ROE reached 16.4%. This chart from the Singapore Exchange (SGX) shows that rubber-focused stocks in the bourse saw an average return of 18% in 10 December YTD. China Sunshine Chemical saw the highest returns of 45.7% YTD amongst the six stocks. Four other stocks saw positive returns including ...

Daily Briefing: Grant borrowers who repay their loans on time will benefit from new money lending business models; venture capital firm ICT Fund set to launch US$100m vehicle in 2019

12 Dec 2018 - Singapore Business Review
And business management AI platform Osome clinches US$2m seed funding. From Channel News Asia: Grant borrowers who repay their loans early or on time will be granted better terms from new business models for money lending as part of an initiative to better protect borrowers through business-led improvements, ...

Top Glove: Measures in place to prevent excessive OT

12 Dec 2018 - The Star Online
PETALING JAYA: Glovemaker Top Glove Corp Bhd said measures have been put in place to prevent its workers from working “overtime” (OT) in excess of the allowed 104 hours a month. The group, in a filing with the stock exchange, said the measures had been implemented on a staggered basis across all its ...
sgx:bva klse:7113

Singapore's equity capital market proceeds crashed 30.1% to $6.73b YTD

11 Dec 2018 - Singapore Business Review
IPO proceeds plunged 83.9%. Singaporean companies tapping into the equity capital markets (ECM) raised $6.73 (US$4.89b) YTD which is 30.1% lower compared to the annual period in 2017 of $9.61b (US$7b), according to data from Refinitv, Thomson Reuters’ financial and risk business arm. In Q4, Singapore ...

Genting's ratings unaffected despite termination of outdoor theme park, says RAM

11 Dec 2018 - The Star Online
KUALA LUMPUR: RAM Rating does not expect Genting Malaysia Bhd (GenM) and its parent, Genting Bhd 's ratings to be immediately affected by the sudden termination of the 20th Century Fox World outdoor theme park. It said on Tuesday the sudden termination of the 20th Century Fox World outdoor theme park ...
klse:3182 sgx:g13 klse:4715

Singapore defends crown in Asian Digital Transformation index

11 Dec 2018 - Singapore Business Review
It clinched the top spot for the digital infrastructure and human capital measures. Singapore is still the king of Asian digital transformation as it remained on top for the second year of the study by the The Economist Intelligence Unit (EIU) with its score of 78, sealing a 14.5 lead over its runner ...