Singapore
Retrenchments rise to 4,110 in 3Q23
The Ministry of Manpower attributed the majority of the increase to the Wholesale Trade sector.
Singapore’s top 50 insurers see 3.7% YoY asset decline in 2022
Experts’ industry outlook for 2023-2024 centres on digital evolution with AI, protection gaps, strategic partnerships, and resilience amidst challenges.
Urban Heat Island effect? Low-rise streets emerge as one of the hottest locations in Singapore
Experts suggest that Singapore needs to do more than add greenery to design for heat.
Softer price increases in new private homes, resale HDB flats seen next year
HDB resale price growth will likely slow to 4-5% in 2024.
Time-saving the top benefit of AI for Singaporean businesses: Zoom
Both employers and employees near unanimous in saying AI streamlines the workplace
Singapore joins Verra and Gold Standard to develop carbon crediting playbook
This initiative will accelerate the achievement of Nationally Determined Contributions.
ADB lowers 2023 inflation forecast for Singapore to 4.9%
From January to September, Singapore’s inflation rate rose by 5.1% on average.
Singapore Airlines, Marriott International boost partnership to offer more benefits to members
The partners will introduce “status match” to members of its lifestyle programmes.
Singapore Maritime Foundation unveils changes to its board
The organisation will welcome two new board members in 2024.
DCS Card Centre raises $300m in upsized asset-backed notes offering
DBS and First Plus Asset Management supported the transaction.
11 of 12 Manulife REIT’s lenders obtain approvals for recapitalisation plan
The remaining lender is pending final board approval.
Boustead Projects JV to acquire Minh Quang for $14.4m
The JV will acquire 3,300,000 ordinary shares of the Vietnamese company.
Singtel trials RedCap technology for IoT devices
RedCap technology reduces power consumption by 60% and device production costs by 50% to 70%.
Economists cut 2024 growth forecast for Singapore
They expect GDP to expand by 2.3% in 2024, down from the previous estimate of 2.5%.
Private home rentals to rise by 11%-12% in 2023
Next year, prices could grow by 6%-8%.
Tuas Power diversifies business for Singapore’s energy transition
The country’s sole operator of a coal/biomass cogeneration plant will rely on the use of more biomass and renewable energy imports for decarbonisation.
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Commentary
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