Singapore
New home sales plunge 73.2% in June, but rebound imminent in July
New home sales plunge 73.2% in June, but rebound imminent in July
Nine property launches in July and August will keep the new home sales market lively.
Daily Markets Briefing: STI up 0.18%; DFI Retail Group is top stock
Trading of DFI Retail Group was up by 3.85%.
Pinetree Hill sells 28% of 520 units at launch
A lot of larger units at upper floors notedly sold during launch.
Aspen Glove files winding up petition
This came following the termination of its asset and interest disposal proposal.
Total trade contracts 19.2% YoY in June
This extended the 17.9% decrease in the previous month.
Singapore avoids recession due to growth in services sector
The Lion City is expected to post a 0.8% GDP increase this year.
HSBC Trustee outlines course of action for Sabana REIT internalisation
It's concerned with the request for SREIM to convene an EGM for Sabana Industrial REIT.
Huawei wins Award for Industry leading Smart PV and ESS Innovative Technology
Huawei Solar String Inverters and containerized battery storage solutions emerged victorious in the competitive category of Technology at the SBR International Business Awards.
Grand Dunman sells 520 units in weekend launch
The country’s only mega launch in 2023 attracted 10,000 people in its first weekend preview.
Chart of the Day: How did Singapore’s IPO market perform in 1H23?
Data from EY showed that Singapore only had 3 IPOs year-to-date.
Who are the most active tech investors from Singapore in the tech space?
Local tech startups raised US$1.2b in 1H23.
IREIT Global raises $75.9m in preferential offering
The preferential offering was 134.7% subscribed.
GSH Corporation sells 9 office units at PLUS Singapore for $38.8m
The book value of the property is $27.1m.
‘Notice of arrest’ issued against HPL’s MD over Iswaran’s corruption probe
Ong Beng Seng, however, has posted bail of $100,000.
Sun Life Singapore unveils life insurance product for HNW clients
It offers an indexed account linked to the S&P 500 index performance.
GSK’s Tuas facility becomes SG’s largest vaccine production site based on investment
The company invested an additional $343m for the facility’s expansion.
Economy slightly grows in 2Q23: flash estimates
It grew 0.7% YoY from 0.4% YoY in 1Q23.
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