News
Total trade contracts 19.2% YoY in June
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.
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.
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.
Daily Markets Briefing: STI up 1.99%; CapitaLand Investment Limited is top stock
CapitaLand Investment Limited traded at 4.33% up.
GuocoLand bags $498.6m funding for Lentor Gardens site development
It secured funding from DBS Bank and OCBC.
UOB survey reveals 83% of SG firms keen on SE Asia expansion
UOB’s Eric Lian points out the resilience and growth of ASEAN as the major attraction for Singapore companies to expand operations.
Paya Lebar Green to be the greenest building in Singapore
It has been awarded all five sustainability badges under the Green Mark 2021 scheme.
SG, Cambodia launch Financial Transparency Corridor initiative
The initiative will facilitate increased collaboration between SMEs in the two markets.
New home sales high but volumes low in Q2 due to high interest rates
CBRE said private home prices fell amidst the cooling measures.
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