News
Keppel Corp acquires 4% interest in Kingsdale Development for $8.41m
The company currently holds 86% of the issued share capital in Kingsdale.
Retail sales growth moderates to 13.7% YoY in July
In June, retail sales grew 14.8% YoY.
No recession but slower manufacturing output growth expected in 2023: UOB
This is due to the faltering performance of electronics.
Market update: STI up 0.31%
Mapletree Logistics Trust was top gainer.
Chart of the day: Slowing China exports drags Singapore’s growth
Export to China has contracted to translate to a slowdown in Singapore’s own growth.
Trusted crypto literacy sought to protect consumers vs scams: Independent Reserve
Consumers should take deeper evaluation into their investment plans.
Children aged 0-6 to receive $200 in their Child Development Account
Around 230,000 children are expected to benefit.
China market recovery to boost ‘weakened’ electronics’ sector
Muted electronics sector led to a decline in the purchasing managers’ index.
STI falls 0.3% in August
Banks, Singtel, Jardine Group, and Keppel Corp supported the index.
FTSE Russell axes ComfortDelGro from STI
The transport company will be replaced by Emperador.
Sotheby breaks 15-year hiatus in SG with $24.5m sale
Tierfable (Animal fable) by Spies was the top-selling piece during the live auction, selling for $4m.
Earnings of prime retail malls will take longer to reach 2019 levels: Fitch
An example of these malls are those owned by Starhill Global Reit.
Chart of the day: Leasing volume of private residential units continues QoQ plunges
The contraction, however, was not due to slow demand but limited completions.
Market update: STI down 0.43%
City Developments Limited led the index.
CIMB Singapore raises deposit interest rate tenfold to up to 2% annually
StarSaver savings account holders can enjoy the new rate without any deposit caps.
Rents for high-end non-landed private residential units rise at fastest pace since 2014
In Q2, rents rose to $4.79 psf.
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