News
Daily Markets Briefing: STI down 0.52%
Daily Markets Briefing: STI down 0.52%
Singtel fell the most amongst top active stocks with a 4.9% decrease.
HDB resale transactions jumped 29.8% in Q2
Changes to the CPF may have stoked demand for HDB resale flats.
Unemployment rate hits 3.3% in Q2
Employment declined in the retail and manufacturing sectors.
Retail rentals down 1.5% in Q2: URA
However, the prices of retail spaces increased by 0.4%.
Manufacturing output down 6.9% in June
The electronics and transport engineering segments led the decline.
Private home prices rose 1.5% in Q2: URA
Condo prices rose 2% whilst landed property prices fell 0.1%.
Mapletree Industrial Trust eyes international buys to boost overseas AUM to 30%
It could enter third party deals in Europe and Asia to drive DPU growth.
Office prices climbed 0.9% in Q2: URA
Rentals of office space also rose 1.3% in the same period.
Mapletree Commercial Trust's NPI inched up 2.8% to $88.35m in Q1
All properties except Mapletree Anson performed strongly in terms of contributions.
ST Engineering secured $1.5b-worth of contracts in Q2
Its aerospace and electronics sector accounted for $809m and $702m, respectively. Engineering firm Singapore Technologies Engineering (ST Engineering), revealed that its aerospace and electronics sectors have secured new contracts with a combined value of about $1.5b for Q2.
Suntec REIT's NPI down 7.4% to $114.56m in H1
Sinking fund contribution for Suntec City Office’s upgrades worth $8m hit earnings.
Industrial property occupancy rates inched up 0.6 pp in Q2
Multiple-user factory spaces recorded a 1.2 pp increase in occupancy to 87.2%.
SATS launches virtual kitchen for in-flight catering production
It captures and integrates process data into a 3D virtual environment.
Singtel launches prepaid plan with medical insurance plan
The insurance enrollment process can be done through its hi!App or Singtel Dash app.
How will Capitaland Mall Trust see rental growth amidst incoming competition?
Its portfolio occupancy slipped slightly to 98.3% as at end-Q2 2019.
US dollar deposits accounted for a third of total bank deposits in March
USD deposits rose at a CAGR of 20% over the past nine years.
Chart of the Day: Singapore's medical device market value to hit $1.3b by 2023
Increased government expenditure will support the segment.
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