Singapore
Singapore economy up 2.9% YoY in Q2 2024
Singapore economy up 2.9% YoY in Q2 2024
This is slightly below the 3.0% growth in the previous quarter.
Singapore’s luxury housing market rebounds in H1: Knight Frank
Prime condo sales went up 28% in the first half from the preceding six months.
9 in 10 Singaporean firms eye opportunities in Johor-Singapore SEZ: report
A joint investment promotion agency could boost engagement and help maximise opportunities.
Fave Singapore wins major payment institution license from MAS
The firm has over US$1b in transactions across Southeast Asia and India.
More than half of Singaporean businesses recognise gen AI’s potential: report
The vast majority have not implemented a governance framework for gen AI.
Malaysia-Singapore council pledges support for Johor-Singapore SEZ
This underscores the council’s dedication to enhancing bilateral economic ties.
Mohamed Salleh and family want to take Second Chance Properties private at $0.30 per share
The offeror owns 85.07% of the company’s shares.
SME performance up in Q2 2024, but expert predicts a flat year
In Q2, the OCBC SME Index hit 50.2, ending five quarters of contraction.
Wealth inequality in Singapore surpasses other APAC nations
Inequality rose by 22.9% between 2008-2023.
Daily Markets Briefing: STI up 0.48%; Top stock is ThaiBev
ThaiBev is the top stock with a 5.54% increase.
Temasek’s net portfolio value rises to $389b in FY 2024
The firm’s unlisted portfolio also grew by $31b.
LTA to end new diesel vehicle registrations by 2025
Diesel cars registered before 2025 will face higher road taxes.
Maybank SG prevents S$1.21m loss across 19 cases
The bank worked with the SPF to intervene in 19 scam cases.
Value of loans to SG SMEs fell by 42% in 2023
There were less SMEs earning $300,000 a month who took out loans.
Civil servants to receive annual $500 well-being subsidy
The government also enhanced the medical and dental benefits of civil servants.
Port wait time falls, but the Red Sea crisis causes delays
The average wait time at the port has declined to two days at most.
SG-Shanghai economic ties strengthen with 7.8% trade growth in 2023
Both nations emphasised expanding cooperation in the digital economy.
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