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Posted on 02/05/2023

Citing diversified portfolio, OCBC and DBS maintain positive call on Mapletree Industrial Trust

Analysts from both OCBC Investment Research and DBS Group Holdings have kept their "buy" calls on Mapletree Industrial Trust, following 4QFY2023 numbers that met their expectations and proving that ...

Posted on 02/05/2023

UOB remains RHB’s top Singapore bank pick following 1QFY2023 earnings

RHB Bank Singapore has kept United Overseas Bank as its top pick among the three Singapore banks, following its 1QFY2023 earnings that grew by xx% y-o-y to hit a record $1.51 billion.

Posted on 02/05/2023

Singapore’s largest lender expects net interest margins will decline, but sees other growth drivers

With limited upside from these levels, CEO Piyush Gupta said he expects the pace of decline will be very gradual and not "falling off a cliff."

Posted on 02/05/2023

Singapore’s only public performing arts library to shut doors on 30 June

The only public library dedicated to the performing arts, library@esplanade, is set to close its doors on 30 June.

Posted on 02/05/2023

Singapore Tourism Suffers From Bus Driver Shortage

Local travel agencies in Singapore are saying that their tourism sector is suffering from a shortage of tour bus drivers, despite

Posted on 02/05/2023

Singapore court adjourns case related to Malaysian actor Kamal Adli’s attacker to May 30

Singapore Court has granted another four-week adjournment for an investigation officer to complete the investigation related to a man who allegedly

Posted on 02/05/2023

Analysts mixed on CDL Hospitality Trusts despite ‘stellar performance’ in core Singapore market for 1QFY2023

However, Citi Research’s Brandon Lee has reiterated his “sell” rating on CDLHT with an unchanged target price of $1.15, citing Far East Hospitality Trust (FEHT) as a “better proxy”, given its 100% ...

Posted on 02/05/2023

Singapore’s ABSD rate hike: The winners and the losers

Singapore increased the ABSD for all residential statuses by 3% to 30%. Real estate experts are calling the recent Additional Buyer Stamp Duties (ABSD) rate hike "punitive," having more negative than ...

Posted on 02/05/2023

US lawmakers push SEC to order audit of Shein ahead of planned IPO, over Uygur forced labour fears

A group of US representatives is asking the Securities and Exchange Commission (SEC) to halt the initial public offering of Chinese-founded fast-fashion giant Shein until it verifies it does not use ...

Posted on 02/05/2023

Singapore’s banking trio ‘outperforming pretty well,’ SGX strategist says

Geoff Howie, markets strategist at the Singapore Exchange, says "the grip that macro trends are having on … important sectors is dissipating somewhat." ...

Posted on 02/05/2023

Singapore ‘cannot afford to outbid the big boys’ to attract investments, says DPM Wong | Video

As major economies mobilise large sums of money to build up their own strategic industries, Singapore “cannot afford to outbid the big boys” to attract investments from multinational corporations, ...

Posted on 02/05/2023

Steady Start Called For Singapore Shares

Ahead of Monday's Labor Day holiday, the Singapore stock market had finished lower in four straight sessions, slumping more than 50 ...

Posted on 02/05/2023

Stock Market Live: Sensex, Nifty 50 to open with minor cuts as indices resume trading after long weekend

Indian equity benchmarks BSE Sensex and NSE Nifty 50 are likely to open with minor cuts on the first trading day of the truncated week. Singapore Exchange Nifty futures, an early indicator of the ...

Posted on 02/05/2023

Rising from the Crypto Winter: Play It Forward Transforms into PIF Nation

Play It Forward (PIF), the leading SEA gaming platform, has announced its transformation into PIF Nation, marking its commitment to empowering gamers globally through fresh opportunities, resources, ...

Posted on 02/05/2023

Singapore’s DBS Bank posts record first-quarter profit, beating estimates

Singapore banks have benefited from a strong inflow of deposits amid global uncertainty due to their status as a financial safe haven.

Posted on 02/05/2023

Maiden ASEAN-India Maritime exercise starts in Singapore! Ten countries to participate

The week-long drills (May 2-8, 2023) aimed at “enhancing interoperability and exchange of best practices among participating navies" is expected to be inaugurated by Indian Chief of Naval Staff Admiral R Hari Kumar.

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