In Focus
Singapore banks post robust net profit results
All three major banks reported net profits of more than $2b for the first six months of 2021.
Singapore banks post robust net profit results
All three major banks reported net profits of more than $2b for the first six months of 2021.
Marketing Briefing: F&B, groceries to thrive in 24/7 service
This is driven by the 2.2 billion internet users in the Asia Pacific region.
SPH shareholders to receive $2.099 per share following acquisition by Keppel
Keppel Corp has proposed the acquisition of SPH, minus its media assets, for $2.2b.
86,600 SG residents jobless in June amidst heightened alert and Delta jitters
Total employment fell in the second quarter by 15,700.
Keppel Corp posts plans to acquire SPH ex-media for $2.2b
The proposed transaction is expected to be completed by December 2021.
SGD to weaken to $1.35/USD amidst COVID-19 woes: Fitch
Fitch Solutions expects the Singapore dollar to trade between $1.35 to $1.38 against the greenback for 2021.
Clothes and Kpop: Singaporean overseas purchases spikes 84% by June 2021
One in two Singaporeans spends an average of $50 to $150 per online transaction.
Industrial production rockets with 27.5% growth
This is the highest industrial growth recorded since November 2010.
June CPI remains elevated at 2.4% YoY
MAS upgraded its 2021 official headline CPI from 0.5%-1.5% YoY to 1%-2% YoY.
Industrial rent grows for the third consecutive quarter by 0.6%
The occupancy rate for the overall industrial property market was at 90.1% as of end-June.
Retail, F&B, services sectors appeal for aid to weather second Phase 2(HA)
These sectors have been greatly affected by the 16-month “roller coaster” of tightening and loosening restrictions.
It’s take two for Phase 2(HA): Here’s what you need to know
Phase 2 (Heightened Alert) starts today, superseding the earlier announced Phase 3 (Heightened Alert) restrictions.
Digitalisation creeping into non-tech roles as Singapore banks accelerate hiring
The sector will continue in a “reform and transform” path, hinging on successful digital banking applicants.
Retail recovery ‘two steps forward, one step back’: Knight Frank
This is due to the recurring outbreaks of infections.
Experts upgrade exports forecasts amidst high June figures
June exports surged to 15.9% year-on-year, nearly doubling May’s figures.
Private home sales slip 2.6% amidst tighter restrictions in June
Developers sold 872 units in June, lower than last month’s 895.
SMEs post sharp recovery in the second quarter
The OCBC SME Index shoots by 8.3 points to 59.5 as small and medium-sized enterprises gain momentum.
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