Some foreign high-net-worth individuals may rent first, apply for permanent residency, then buy a property to get lower additional buyer’s stamp duty rates, say observers. ( read original story ...)
Analysts: Singapore’s property cooling measures likely to push up rents, but have little impact on mass market condo prices
With the latest cooling measures doubling the Additional Buyer’s Stamp Duty (ABSD) for foreigners, and Singaporeans and permanent residents paying ... ( read original story ...)
With recovery underway, OCBC keeps ‘buy’ and $1.38 fair value on CLCT
OCBC Investment Research has kept its "buy" call and $1.38 fair value estimate on CapitaLand China Trust (CLCT), with a view that shopper traffic is improving and that the REIT's overall business is ...
Singapore job retrenchments increase to levels last seen in 2016, 2017
Job retrenchments continued to increase in the first three months of 2023 (1Q 2023) – to levels last seen in 2016 and 2017 – according to advance labour market estimates released by the Ministry of ...
Cyclist knocks into blind man with guide dog in viral Singapore video
A viral TikTok video captured a cyclist colliding into a blind man with his guide dog. Also, learn tips on how to help guide dog users.
Southeast Asia’s strong IPO markets an outlier as global deals fizzle
Southeast Asia is emerging as a global initial public offering (IPO) hotspot, with the region's elevated economic growth and stable interest rate outlook making it a standout as bigger financial ...
Mankind Pharma IPO’s success raises revival hopes for moribund public issue market
The success of Mankind Pharma’s Rs 4,326-crore IPO, the biggest this year and the third-largest since 2022, augurs well for the moribund public issue market, which has seen just six issues this year.
Singapore and Hong Kong in ‘completely different’ stages of the property cycle: Real estate company
Henry Chin of CBRE says Singapore residential and commercial real estate rents have risen substantially, but things are "bottoming out" for Hong Kong. ( read original story ...)
Credit Suisse Southeast Asia FIG Head Said to Join Deutsche Bank
Credit Suisse Group AG’s head of financial institutions group in Southeast Asia is joining Deutsche Bank AG, according to people familiar with the matter.
DBS and Citi like Singtel’s reorganisation; expects easier value unlocking of infrastructure assets
Singtel's overseas associates have a combined market value of $45 billion, yet Singtel's own market cap is just $42 billion ...
DBS downgrades Suntec REIT to ‘hold’; analysts see ‘mixed performance’ from 1QFY2023 results
There is a “sell” call from OCBC Investment Research and two “hold” calls from CGS-CIMB Research and DBS Group Research.
Singapore retrenchments rise for 3rd straight quarter, unemployment stays low
SINGAPORE: Retrenchments in Singapore rose for the third consecutive quarter though unemployment rates remained low amid robust hiring demand. According to advance labour market estimates released by ...
Significant irregularities in reporting to investors led to Zilingo’s failure: Investor Burda
Burda Principal Investments, one of the leading investors in Singapore-based fashion startup Zilingo, has backed the action against ...
Stock Market Live: Sensex, Nifty 50 likely to start May series on a strong note
Indian equity benchmarks BSE Sensex and NSE Nifty 50 are likely to open higher on the first trading day of the May F&O series. The indices saw the best F&O series in six months in April. Singapore ...
Pertamina Hulu Energi plans US$1.4 billion Indonesian IPO with June debut -sources
The upstream arm of Indonesia's state energy company Pertamina, Pertamina Hulu Energi, plans to debut on the local bourse in June, after raising at least 20 trillion rupiah (US$1.36 billion), two ...
Singapore Says Foreign Residents’ Deposits Fell by S$22 Billion
Residents outside Singapore pulled billions in deposits last month amid financial turmoil triggered by the collapse of several banks globally.