News
Freehold 5-storey shophouse along Hongkong Street on sale for $47.5m
There will be no ABSD or SSD imposed on the property transaction.
Combined wealth of Singapore’s richest climbs 8% YoY to US$177b
Meta Platforms’ co-founder, Eduardo Saverin, is Singapore’s richest person.
HDB resale prices rise 7.2% YoY in August
Month-on-month, prices rose by 0.6%.
Tax revenue up 13.1% YoY in FY22/23
The government collected $68.6b in tax revenue for the period.
Over $4b in grants distributed to businesses, workers: IRAS
More than 120,000 enterprises received grants from the agency.
Retail sales flatline in July but expects rebound in H2
However, outside factors like negative job market conditions could put a drag on its growth.
Chart of the Day: SG’s prime rent for luxury lettings eases to 24.5% in Q2
The city has the highest rental value in the index.
Daily Markets Briefing: STI down 0.12%; Hongkong Land is top stock
Hongkong Land saw a 1.41% increase.
Singapore customers seek transparency amidst companies’ AI adoption growth
About 9 in 10 said they want to know whether they are speaking with AI or a human.
ST Engineering, Nutanix to enhance hybrid cloud competency in Singapore
They will develop a solution and a curriculum to train the country’s workforce.
CapitaLand Malaysia divests office property for around $15m
The divestment is expected to be completed by Q1 2024.
Int’l businesses target ASEAN for supply-chain connectivity versus consumer market
Growth in sales for the region is expected to climb 23.2% in the next 12 months.
OxPay receives licence to offer e-money and account issuance
The fintech said it won’t have any material impact on the group’s financial statement this year.
GSH terminates sale of office units at PLUS Singapore
The company has also forfeited the 10% deposit of $3.8m the buyer has paid.
OUE Healthcare details 3 factors behind Healthway Medical’s delisting from SGX-ST
The proposed conditional exit offer for HMC’s delisting is $0.048 per offer share.
MAS slaps former Goldman Sachs managing director with lifetime prohibition orders
Roger Ng was involved in the 1MDB financial scandal.
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