News
Innovative companies are invited to join the Malaysia Technology Excellence Awards 2022
Innovative companies are invited to join the Malaysia Technology Excellence Awards 2022
Submission of entries will end on 25 February 2022.
Nominations are now open for Malaysia National and International Business Awards 2022
Entries will be accepted until 25 February 2022.
What are the three key amendments proposed in SG's energy bill?
All proposed changes empower the Energy Market Authority.
Market update: STI down 0.37%
HongkongLand was seen with the most growth.
OUE C-REIT net property income down 17.1% YoY in Q3
Meanwhile, its amount for distribution also decreased by 7.5%.
SingPost operating profit up 28.4% to $51.1m for H1 FY21/22
Its net profit also echoed this performance with a 13.3% growth.
OCBC’s net profits up 19% to S$1.22b in Q3
Net trade income plunged 67%, slightly offset by stronger net fees and commissions.
8 in 10 Singaporeans set aside at least 10% of salary for savings
An average Singaporean saves 27% of his/her salary.
October PMI unchanged at 50.8 points
The manufacturing sector has recorded 16 months of consecutive expansion.
3 in 5 Singaporeans believe in-store shopping remains in style
Furthermore, 30% of consumers miss shopping in stores.
Grab and Lazada partner for on-demand same-day deliveries
The collaboration also offers more earning opportunities for Grab delivery partners.
SGX licenses bitcoin index to Propine
Propine is the first MAS-licensed digital asset custodian.
Great Eastern profits down 26% to $213.3m QoQ
MoM, however, there is a 43% increase due to more favourable conditions.
HDB resale transactions dip 0.8% in October
New PLH model rules are not to be blamed for the decline, according to analysts.
Market update: STI up 0.39%
Jardine Matheson Holdings is seen with the most growth.
Singapore’s SMBs adapt as more consumers seek contactless payments
Nearly four in five Singaporeans expect to use contactless payments, the highest in the world.
Private property prices up 3.88% to an all-time high of $1,791 psf
Changi Village recorded the highest price growth for the quarter at 10.40%.
Prices of private properties grew by 3.88% in the fourth quarter, driving the median asking price to an all-time high of $1,791 psf, PropertyGuru reported in its Q4 2021 Property Market Index.
Based on the report, the highest growth in asking price was recorded in Changi Airport, Changi Village (District 17) at 10.40% to $1,178.10 psf.
Behind Changi Village were Sembawang, Yishun in District 27 (10.23% to $1,252.61 psf); East Coast, Marine Parade in District 15 (8.56% to $2,187.28 psf); Hougang, Punggol, Sengkang in District 19 (5.52% to $1,504.27 psf); and Pasir Ris, Tampines in District 18 (4.95% to $1,294.78 psf).
From the top-performing districts in terms of asking price growth, three also had entries in the top 10 best selling condos for the fourth quarter namely Pasir Ris 8 in District 18; OLA, The Florence Residences and Sengkang Grand Residences in District 19; and The Watergardens at Canberra in District 27.
On the other hand, City Hall, Clarke Quay (District 6) had the slowest growth in its median asking price for the quarter, declining 12.30% to $3,000.00 psf. This price, however, according to PropertyGuru is still considered “very healthy.”
Other districts which saw a decline in prices were Mandai, Upper Thomson in District 26 (4.25% to $1,064.92 psf); Beach Road, Bugis, Rochor in District 7 (2.13% to $2,690.97 psf); Seletar, Yio Chu Kang n Distroct 28 (2.10% to $1,194.03 psf); and Newton, Novena in District 11 (0.15% to $ 2,322.73 psf).
Commentary
Can controlled sandboxes prepare Singapore organisations for production AI?
What the latest sanctions regimes mean for Singapore businesses
Singapore’s tourism economy depends on security infrastructure most never see
Where does value creation really happen?
Managing the cost of diverging standards: Why Singapore matters
Singapore’s AI ambition has an intelligence problem
Singapore is deploying AI at speed – and security risks are catching up
Precious metal boom is a stress test for Singapore’s gold ambitions
Singapore’s global dispute fault lines