Singapore
CHART OF THE DAY: IPOs in Singapore and neighbouring markets
CHART OF THE DAY: IPOs in Singapore and neighbouring markets
IPOs raised $614.7m (US$0.44b) from January to May 2022
Under a microscope: Foreigners and firms face tougher scrutiny under new EP application policy
Applicants will now need to pass a points-based evaluation and meet a higher qualifying salary.
Market update: STI up 0.84%
Two of Singapore's biggest banks topped the index.
Gov’t to push through with GST increase despite rising inflation
The GST will be increased from 7% to 8% on 1 January 2023, and to 9% on 1 January 2024.
Fintech YouTrip launches online travel insurance in platform
The company’s business reportedly grew four times in Q2 compared to 2021.
Singapore cruise industry to drift to 2019-level recovery
In 2019, over 400 cruise ships were called at Singapore ports.
Higher air freight rates to drag Singapore Post’s profits
FY22-24 PATMI estimates for SPOST were lowered by 5%-7%.
Sembcorp Marine's Ropax ferry 'Dragsvik' sets sail to Norled
The battery-powered vessel can operate at a speed of 10 knots.
Deal to acquire Sime Darby Business Centre collapses
AIMS APAC REIT to be refunded of $1.02m option fee.
Ascott to acquire Oakwood Worldwide from MapleTree Investments
The acquisition will increase Ascott’s global portfolio by 81 properties.
CapitaLand Investment Limited’s lodging business, The Ascott Limited (Ascott), will acquire apartment provider, Oakwood Worldwide, from Mapletree Investments.
Ascott said Oakwood will increase its global portfolio by 81 properties and about 15,000 units.
Upon the completion of its acquisition in Q322, Ascott said Oakwood will also “immediately” contribute to its recurring fee income streams.
“The acquisition of Oakwood will leapfrog Ascott’s global presence to more than 150,000 units in about 900 properties across over 200 cities in 39 countries. It will add new markets which include Cheongju in South Korea; Zhangjiakou and Qingdao in China; Dhaka in Bangladesh as well as Washington D.C. in the United States of America (USA),” Ascott said in a bourse disclosure.
Kevin Goh, CLI’s Chief Executive Officer for Lodging added that Oakwood’s addition to Ascott will also bring an immediate boost to the company’s units under management and franchise contracts.
What are the pros and cons of HDB’s new SERS rehousing options?
SERS occupants can opt for a 50-year lease or lease buyback scheme for replacement flats.
Underpaid? Only 31% of employees say they are fairly rewarded financially
Those who don't receive fair financial rewards may consider changing jobs.
Home developers to benefit from heightened foreign buyer interest: experts
Home prices in the region grew by 1.6% in the second quarter of 2022.
4 cooling solutions Singapore should adopt for its green transition
Cooling emissions will likely increase by nearly 40% by 2030.
Chart of the day: 8 out of 10 migrant domestic workers want to continue working in SG
More than 93.0% have said they want to continue to work with the same employers.
Market update: STI down 0.06%
The trading week at 3,100.43.
ARA US Hospitality Trust divests 4-property hotel portfolio for US$32.5m
The trust cited three key benefits from the portfolio's sale.
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