Singapore

Industrial leasing volume rebounds in Q1

Volume increased by 2.5% YoY to 3,229 tenancies.

Economic challenges, new supply to drag private residential rents in H2

Savills observed that the pace of rent increase has slowed in Q1, at 7.2% QoQ.

MoM unveils Jobs Transformation Map for the hotel industry

The job framework would help the hotels and their workers to be future-ready.

NetLink NBN profit climbs 19.7% YoY to $109.3m in FY23

Its 5.24 Singapore cents DPU is the highest the Trustee-Manager distributed since listing.

Sembcorp to build $900m multi-utilities centre in Jurong Island

It will have a 600MW hydrogen-ready power plant, developed by Mitsubishi Power and Jurong Engineering.

Singapore named eighth fastest-growing UHNW market

It had the highest net individual wealth in Asia, at S$4.7m.

Soon Hock secures Tampines North Drive 4 plot for $113.89m

The site was launched for tender on 31 January, with Soon Hock 

Two-storey attic shophouse within City Hall for sale

The expression of interest ends on 21 June 2023 at 3 pm.

Singapore, Bhutan ink MOU for carbon credits partnership

They will sign an agreement for the international transfer of carbon credits.

Grab's revenue more than doubles to $525m in Q1

The company's loss for the period recovered 43% YoY to $250m.

MAS, New York Fed unveil results of study on DLT use for cross-border wholesale payments

Distributed ledger could be used to enhance cross-border multi-currency payments, the study found.

NODX decline likely to continue for a few more months

Experts predict that NODX will contract by -5.5% to -9% in 2023.

More than half of SG households have changed their grocery-buying habits

Forty-two per cent said they now have a lower budget for groceries.

8 in 10 job seekers want employers with seamless digital recruitment process

Some will even put off working for a company that doesn’t provide such experience.

Daily Markets Briefing: STI up by 0.27%; Yangzijiang Shipbuilding is top stock

Yangzijiang Shipbuilding was the most active stock with a 3.20% growth.

ST Engineering, SF Airlines launch $19m aerospace JV in China

The joint venture will provide an MRO facility in Hubei's Ezhou Huahu Airport.