News
Oyster Bay Fund mulls $500m investment into Hyflux
Oyster Bay Fund mulls $500m investment into Hyflux
It is also looking to buy Hyflux shares for up to $26m.
Daily Briefing: Online food startup Grain raises $10m in series B funding; Woodleigh Residences launched sale for a minimum of $1,733 per sqft
And check out which Singapore-based REITs is the cheapest.
Daily Markets Briefing: STI up 0.12%
Don’t expect gains today.
Chart of the Day: Retail sales down 1% in March
Sales of optical goods & books, food & beverages and telecommunications & computers declined.
Nanjing opens up more innovation opportunities to Singapore firms
Firms can leverage on the Singapore-Nanjing Eco Hi-Tech Island to trial sustainable urban solutions.
MAS issues prohibition orders against three individuals for dishonest conduct
They include former representatives of Jefferies Singapore and Legacy FA.
Changi nabs seventh spot in global airport rankings
It lags behind Hamad International Airport and Tokyo International Airport.
OCBC's profit jumped 11% to $1.23b in Q1
Non-interest income surged 24% to $1.14b.
SGX daily average value up 2% to $1.05b in April
Total derivatives traded volume rose 37% YoY to 20.8 million contracts. Securities daily average value (SDAV) in the Singapore Exchange (SGX) gained 2% MoM to $1.05b during April, whilst market turnover value for Exchange Traded Funds (ETFs) rose 44% to $195m, according to an announcement. Assets under management for STI Exchange Traded Funds (ETFs) reached a milestone in April as fund size exceeded $1b. Total derivatives traded volume rose 37% YoY to 20.8 million contracts, as global demand for risk management across asset classes continued. Total securities market turnover by volume was up 7% MoM to 22.9 billion shares, driven largely by real estate and consumer sectors. The local bourse also noted that overall commodity derivatives volume increased 64% YoY, with volumes of iron ore and freight derivatives up 73% and 53% YoY, respectively. Amidst swings across regional equity markets, the Singapore stock market was the best performing market globally in April. The Straits Times Index (STI) surpassed the 3,400 mark, generating 6.1% increase in total returns, propelled by Banks (+10.8%) and Utilities (+6.6%) sectors.
Genting Singapore profits dipped 5% to $205.47m in Q1
Gaming revenues fell 8% YoY to $430.18m.
CPF and HDB loan changes give buyers more flexibility
Potential buyers can now qualify for a wider choice of developments.
Daily Markets Briefing: STI down 0.43%
Don’t expect gains today.
Daily briefing: Singapore unveils Centre for Healthcare Innovation; Airbnb-style short-term accommodation still illegal
And here’s where ride-hailing app TADA is setting its sights next.
Chart of the day: Which non-mature estates saw the highest resale transactions in Q1?
The towns with the most transactions are Woodlands, Jurong West and Yishun.
Here are the most in-demand jobs in 2019
The accounting sector could generate 2,000 jobs in 2020.
New business premiums in life insurance up 1% to $937.2m in Q1
The uptake in annual premium buys offset the decrease in single premium product purchases.
Pearl Bank Apartments to be digitally archived ahead of redevelopment
Drone and 3D scans of the site will be used for future urban development research.
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Commentary
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