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Month: January 2023

Posted on 27/01/2023

Singapore manufacturing gloom may extend into first half of 2023 with electronics still shaky

Electronics output up 4.6% in December, reversing falls of 12.4% in November and 0.7% in October. Read more at straitstimes.com.

Posted on 27/01/2023

Frasers Property Expands Singapore Footprint With $477 Million Suburban Mall Stake Purchase

Frasers Property and its unit Frasers Centrepoint Trust—both controlled by Thai billionaire Charoen Sirivadhanabhakdi—agreed to acquire a stake in a suburban shopping mall in the northeast Singapore ...

Posted on 27/01/2023

Las Vegas Sands To Invest $6.8 Billion In Singapore, Macau Amid Asian Casino Boom

Las Vegas Sands—controlled by the family of the late casino billionaire Sheldon Adelson—is investing $6.8 billion in Macau and Singapore to expand its presence in Asia amid a gaming boom across the ...

Posted on 27/01/2023

Market LIVE Updates: Sensex and Nifty 50 poised for a positive start tracing global cues

Indian equity benchmarks BSE Sensex and NSE Nifty 50 are expected to open higher on the last trading day of the week amid largely positive cues from global markets. Singapore Exchange Nifty futures, ...

Posted on 27/01/2023

Singapore Home Prices Grow the Least Since 2020 as Boom Eases

Singapore home prices grew at the slowest pace in more than two years in the fourth quarter of 2022, a sign that the property boom is starting to moderate as supply dwindles and interest rates climb.

Posted on 27/01/2023

Singapore stocks rise at Friday’s open; STI up 0.1%

SINGAPORE stocks rose in early trade on Friday (Jan 27) following the release of fresh data from the Urban Redevelopment Authority, which indicated a rise in Q4 private home prices while retail rents ...

Posted on 27/01/2023

Time for Singapore’s biggest investors to lay out their own ultimatums for companies

OF THE many panels and discussions I attended while at the World Economic Forum in Davos, my favourite was one by the chief of Norges Bank Investment Management. Nicolai Tangen criticised the boards ...

Posted on 27/01/2023

Foreign currency fixed deposits see more takers amid rising interest rates, strong Singdollar

Banks in Singapore are now offering higher interest rates for some foreign currency fixed deposits than Singdollar deposits.

Posted on 27/01/2023

Malaysia PM Anwar’s official visit to Singapore may bring several pressing issues to the fore

KUALA LUMPUR] When Anwar Ibrahim was sworn in as Malaysia’s prime minister last November, the 75-year-old became the country’s fourth leader in the space of just four years. Read more at The Business ...

Posted on 27/01/2023

Australia, Singapore firms amongst most likely to halt digital transformation due to cyberwarfare risks

Organisations in Australia, the US, and Singapore are amongst the top most likely to stall their digital transformation initiatives due to cyberwarfare threats, above the global average of 55%.

Posted on 27/01/2023

Digital portal for property conveyancing expected to be completed in 2026

This comes as the SLA aims to fully digitise the current paper-based process for both private and public properties. Read more at straitstimes.com. ( read original story ...)

Posted on 27/01/2023

Singapore to tag unregistered SMS senders as ‘likely scam’

Businesses not registered with the Singapore SMS Sender ID Registry by January 31 will have their messages labelled as "Likely-SCAM", as the country rolls out more measures to combat online scams.

Posted on 26/01/2023

Dollar wobbles near eight-month low ahead of central bank meetings

The dollar held close to an eight-month low against its peers on Thursday, as a gloomy U.S. corporate earnings season stoked recession fears and as traders stayed on guard ahead of a slew of central ...

Posted on 26/01/2023

Singapore: Headline inflation seen at 5.0% in 2023 – UOB

Senior Economist at UOB Group Alvin Liew reviews the recently published CPI results in Singapore. Key Takeaways “Headline and core CPI inflation further converged in Dec (2022).

Posted on 26/01/2023

Singapore Q1 manufacturing outlook gloomy; electronics rebound likely temporary, say analysts

SINGAPORE’S manufacturing outlook in the first quarter is likely to remain gloomy, after factory output in December shrank for the third straight month, economists said. Read more at The Business ...

Posted on 26/01/2023

Yew Kee Duck Rice, Chicha San Chen franchise operator to raise S$16.6m in Catalist IPO

YKGI on Thursday (Jan 26) launched its initial public offering (IPO) for a listing on the Catalist board of the Singapore Exchange (SGX). The group, which is best known as the operator of Yew Kee Duck ...

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