In Focus
Fall in biomedical production surprising, but likely transient: analyst
Fall in biomedical production surprising, but likely transient: analyst
Demand for pharmaceutical stocks is expected to remain strong throughout 2020.
Core inflation to remain in the red till end-2020
External pricing and imported food prices will be pressured by global factors.
Domestic wholesale sales down 40.6% in Q2
Likewise, foreign wholesale sales dropped 30.4% over the same period.
Startups under SGUnited Jobs and Skills provided 4,600 jobs: MOM
Salaries are also assured to be in line with the industry norm.
Economy to remain in contraction in H2 despite new fiscal package
Analysts believe that it would not be enough to boost the labour market and tourism scene.
Singapore unveils additional $8b fiscal package
The government has put more emphasis on job security, extending the Job Support Scheme for seven months.
NODX up 6% in July
Both electronic and non-electronic exports rose, albeit at a slower pace.
Pandemic boosts adoption of ESG principles: survey
About 76% believe that equities under ESG would attract the most interest and in-flows.
Combined assets of five SGX-listed ETFs up 14.3% in July
Two of these top performing ETFs surpassed $1b in AUM in June-July.
End of moratoriums to rain carnage on banks' H2 prospects: analyst
Loan moratoriums are set to expire in H2, putting asset and loan quality at risk.
Weaker sales haunt Singapore's retail sector in coming months
Tourist arrivals are unlikely to grow in the coming months.
DBS' H1 net profit nosedives 26% to $2.41b
The bank has cast aside $1.26b to bolster its balance sheet.
PMI remains in contraction at 45.6 in July: IHS Markit
In line with SIPMM’s results, it was the highest figure recorded in five months.
PMI expands to 50.2 in July after months of contraction: SIPMM
Sub-index performances also pointed to an improved external environment.
Singapore average mortality protection gap hit highest in Asia
Large awareness of life insurance failed to translate to more coverage.
Bank loans skid for fourth straight month in June
Total loans fell 1% YoY, the first since 2016.
5 in 10 employees hunt for job opportunities
Pay cuts and retrenchments could hint to the staff that the company is no longer stable.
Commentary
What matters for Singapore’s AI future is consistency, not brilliance
The AI pilot worked. Now comes the real test
Are Singapore startups’ employee incentive plans still competitive?
Singapore’s small exporters need credit that matches their payment cycle
The hidden realities of succession for next-gen heirs
In Asia, fintech leaders must compete on credibility
F1 on a gravel road: Why AI is still stuck in first gear
Why AI blocklists give Singapore firms a false sense of security
When scale arrives before proof: Singapore’s capital allocation question in Southeast Asia
Rethinking fleet ownership in a changing business landscape