News
OCBC bags over 90% of Great Eastern’s shares, trade suspension to take effect
OCBC bags over 90% of Great Eastern’s shares, trade suspension to take effect
Trade suspension will be lifted if Great Eastern's public float rebounds to at least 10%.
Jasper Investments to acquire 51% stake in Prosper Excel Engineering
The company will acquire the stake for $7.5m.
SingPost settles share transfer issue with Famous Holdings
Famous Holdings will transfer 37.5% shares to SingPost Logistics Investments.
Major players set taxi surcharges from Changi Airport and Mandai at $8
Trips at other times would incur a surcharge of $6.
Singapore assesses oil spill impact on beach-front businesses
Significant progress has been made in clearing oil slicks from the beaches.
Nanjing Xinjiekou continues share offer amidst Cordlife suspension
The MOH has extended Cordlife’s suspension by three months.
Alpina consortium wins $115.7m contract for facilities management
The contract will commence in January 2025.
Seven in ten Singaporean shoppers open to no packaging for online orders: report
Shoppers were mainly concerned about recycling or disposing of the packaging.
Singapore’s workforce trusts AI to drive business more than global average: survey
Gen Z and millennials most likely to use AI tools.
Prime office rents rise slower at 1.3% in H1, flat growth seen for H2
The occupancy rate in Raffles Place/Marina Bay hit 95% in Q2.
Inflation still at 3.1% in May as power, gas costs rise slower
Core inflation unchanged since March, headline inflation up from 2.7% in April.
Stress levels among Singapore firms highest in Southeast Asia: report
The report also showed optimism in the labour market is waning.
ESR secures CSRC approval for China logistics REIT
The initial portfolio includes three logistics assets in Kunshan, Jiangsu Province.
Multiplay service revenue to soar to $1.3b by 2028
It will grow at a compound annual rate of 3.9% over five years.
Daily Markets Briefing: STI up 0.17%; Top stock is ST Engineering
ST Engineering is the top stock with a 1.47% increase.
SingPost pilots Singapore’s first postal collection via SMRT trains
Mail ambassadors will be assigned to Tampines and Raffles Place MRT stations.
HDB rents seen improving after May’s weak showing
HDB rents slid 0.3% MoM in May.
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