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Month: January 2023

Posted on 17/01/2023

DBS remains bullish on SIA following December operating stats; CGS-CIMB downgrades to “hold”, citing limited upside

DBS Group Research’s Paul Yong has kept his “buy” and $6.60 target price on Singapore Airlines, following the flag carrier’s update that it achieved record high passenger load factor of 89.7% in ...

Posted on 17/01/2023

Have S$20,000? 4 Singapore Blue-Chip Stocks to Consider for Your Portfolio

If you’ve just received your bonus, here are four dependable blue-chip stocks that you can park the money in. The post Have S$20,000? 4 Singapore Blue-Chip Stocks to Consider for Your Portfolio ...

Posted on 17/01/2023

Founders of failed crypto fund Three Arrows Capital looking to raise $33m for new venture

The two men behind bankrupt Three Arrows Capital (3AC) are looking for funding to stage a comeback, six months after their cryptocurrency hedge fund collapsed. Read more at straitstimes.com.

Posted on 17/01/2023

Founders of bankrupt Three Arrows Capital pitch new platform for crypto debt claims

The co-founders of the now-liquidated crypto hedge fund Three Arrows Capital are pitching a new company focused on digital currency bankruptcy claims. Kyle Davies and Su Zhu, both founders of defunct ...

Posted on 17/01/2023

Singapore’s Dec non-oil domestic exports fall 20.6% yoy

Singapore's non-oil domestic exports (NODX) declined 20.6% year-on-year in December 2022, led by drops in both electronics and non-electronic products. On a month-on-month seasonally adjusted basis, ...

Posted on 17/01/2023

Singapore’s non-oil exports fall 20.6% in December; third straight month of decline

SINGAPORE: Singapore's non-oil domestic exports (NODX) fell for the third straight month in December due to weak global demand.  NODX fell by 20.6 per cent year on year in December from a high base a ...

Posted on 17/01/2023

What are the top challenges faced by businesses in Singapore?

Despite these challenges, 80% of them remain confident in the resiliency of their operations. Manpower challenges remain the top issue concerning businesses in Singapore, data from the Singapore ...

Posted on 17/01/2023

Singapore’s tourism receipts expected to reach 50% of pre-pandemic levels; sector to grow further in 2023

Singapore's tourism receipts, meanwhile, are estimated to reach S$13.8 billion to S$14.3 billion for 2022 - about 50 to 52 per cent of 2019 levels, according to figures released by STB on Tuesday (Jan 17).

Posted on 17/01/2023

Singapore exports down 20.6% in December in third straight month of contraction

SINGAPORE’S non-oil domestic exports (NODX) contracted again in December, dragged by declines in non-electronic shipments and declining deliveries to most of the Republic’s top 10 key markets, data ...

Posted on 17/01/2023

Singapore non-oil exports fall 20.6% in December, worse than expected

Both electronics and non-electronics shipments fell by double digits as key exports shrank for the third straight month. Read more at straitstimes.com.

Posted on 17/01/2023

Why Singapore residential transactions were lacklustre in Q4 2022

Singaporeans likely went on a ‘holidays before home purchase’ mode. Based on flash estimates by the Urban Redevelopment Authority (URA), prices of non-landed private homes (excluding Executive Condominiums (ECs)) increased by a moderate 0.

Posted on 17/01/2023

Singapore’s December NODX declines by 20.6% as electronics and non-electronics exports drop

Singapore’s non-oil domestic exports (NODX) fell by 20.6% y-o-y in December 2022 as both electronics and non-electronics declined on a y-o-y basis. According to Enterprise Singapore, the decline in ...

Posted on 17/01/2023

CES 2023: Singapore firm offers social media platform for kids where parents retain control

The myFirst Social Circle app, for children aged 4-12, makes online safety a priority. Read more at straitstimes.com.

Posted on 17/01/2023

Singapore police arrest nine over rioting with deadly weapons, seek info on three more

Nine men have been arrested in relation to a fight in the Bukit Merah district where weapons were allegedly used, with one 43-year-old man due to be ...

Posted on 17/01/2023

Singapore DPM Wong: Consumers must be willing to pay more in order to raise wages, but difficult issue to tackle amid rising living costs

Consumers here must be willing to pay more for certain goods and services in order to raise the wages of those who provide them, Deputy Prime ...

Posted on 17/01/2023

There Are Reasons To Feel Uneasy About Singapore Airlines’ (SGX:C6L) Returns On Capital

Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. Put simply, these types of businesses are compounding ...

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