News
CIMB Singapore launches relief scheme for commercial banking clients
CIMB Singapore launches relief scheme for commercial banking clients
All principal and interest on all term loans have been automatically deferred.
Will TPG's commercial launch be a hit?
Its subscribers might churn once the plan is no longer free.
NTUC FairPrice temporarily closes Bedok Mall store
Staff were put on leave after one of the employees was diagnosed with COVID-19.
Share buybacks beat 2019 total with $600m in Q1
A total of 65 SGX primary-listed stocks conducted buybacks in March.
Daily leverage certificates take spotlight amidst heightened market volatility
The 7x Short SiMSCI DLC gained 387% on the back of the index’s decline.
Daily Markets Briefing: STI down 1.65%
DBS saw the sharpest decline amongst top active stocks with a 2.26% drop.
Daily Briefing: Razer sets up mask manufacturing line in Singapore amidst COVID-19 shortage; KKR shelves to sell Goodpack amidst market turmoil
And Manpower minister plans on penalties for firms who are not following the guidelines.
GDP growth forecast dips to -2.8% amidst COVID-19 pandemic
Three main sectors of the economy fell due to the escalating outbreak in the country.
64% of Singaporeans believe they will lose more money in 2020
Faith in the government still remains at a high level. 64% of Singaporeans expect they will be financially worse off in 2020 compared to 2019, according to a Blackbox survey. This increased by 19 percentage points from the 45% who said the same in the post-Budget carried out in February. Meanwhile, 7% of Singaporeans said they have lost their job already, whilst 15% have had their wages reduced, and 17% are working lesser hours. Despite the worrying economic circumstances, faith in the Government remains at a high level, with a full 54%, scoring 8 out of 10 in the resilience budget. The average score was 7.4 out of 10, up from 6.7 in comparison to February’s budget. However, 85% of those surveyed said the government should postpone the general election until after the crisis is over. The impact of the coronavirus is hitting the country both in health and economic terms as apart from reported job losses and reduced wages/working hours, 31% of Singaporeans are now also working and studying from home. In addition, 76% believe the number of cases will continue to increase in the next two weeks, whilst 5% of Singaporeans know someone who has contracted the virus and 4% have a family member who has contracted it.
Chart of the Day: Malaysian buyers snagged fewer condos in emerging districts
Mainland Chinese homebuyers dominated sales in the region.
Credit regulator, NGO launch joint debt relief scheme
It is available to those owing money to banks and licensed moneylenders.
Private condo prices down 0.5% in Q1: URA
Lower condo prices in CCR may have been due to lower median price sales at The M.
OUE introduces rental relief package
These include a waiver of gross rental for April 2020 and rent cuts of 15%-25%.
LIA Singapore offers six-month grace period for premiums
Policies will remain valid throughout the period.
Keppel Land China sells stake in Jiangyin site for $94.5m
It is expected to be completed in Q3.
Yanlord collected $567.5m pre-sales on three apartment launches in China
Yanlord Gardens sold the most number of units at 209.
SATS issues $200m fixed rate notes
The notes have a fixed coupon rate of 2.88% per annum and are payable semi-annually.
Commentary
What matters for Singapore’s AI future is consistency, not brilliance
The AI pilot worked. Now comes the real test
Are Singapore startups’ employee incentive plans still competitive?
Singapore’s small exporters need credit that matches their payment cycle
The hidden realities of succession for next-gen heirs
In Asia, fintech leaders must compete on credibility
F1 on a gravel road: Why AI is still stuck in first gear
Why AI blocklists give Singapore firms a false sense of security
When scale arrives before proof: Singapore’s capital allocation question in Southeast Asia
Rethinking fleet ownership in a changing business landscape