In Focus
Singapore fintech to record worst year as investments plunge 78%
Just over 19.9% of investments in H1 came in deals over $50m.
Singapore fintech to record worst year as investments plunge 78%
Just over 19.9% of investments in H1 came in deals over $50m.
HDB, condo rental sales drop to lowest levels since circuit breaker
This may indicate that foreigners are exiting prime locations for more affordable housing.
Rising domestic demand to buoy full-year retail sales
Numbers are still down from a year earlier, but at a slower pace than in June.
Manufacturing PMI hit 50.1 in August
It reflects improvements in the manufacturing and electronics sectors.
Entertainment, media industry revenue to fall 5% in 2020
Live concerts, cinemas and the print industry are the hardest hit by the pandemic.
S-REITs total $147m net institution outflows in June-August
Sabana REIT saw the sector’s highest proportional net institutional inflows.
What have foreign homebuyers been snagging in Singapore this year?
Amongst the units purchased by non-Singaporean buyers so far, half were completed units and half were uncompleted.
MAS, MOM to raise minimum qualifying salary for EP holders in finance
They are expecting job creation to be slower in H2.
Fall in biomedical production surprising, but likely transient: analyst
Demand for pharmaceutical stocks is expected to remain strong throughout 2020.
Core inflation to remain in the red till end-2020
External pricing and imported food prices will be pressured by global factors.
Domestic wholesale sales down 40.6% in Q2
Likewise, foreign wholesale sales dropped 30.4% over the same period.
Startups under SGUnited Jobs and Skills provided 4,600 jobs: MOM
Salaries are also assured to be in line with the industry norm.
Economy to remain in contraction in H2 despite new fiscal package
Analysts believe that it would not be enough to boost the labour market and tourism scene.
Singapore unveils additional $8b fiscal package
The government has put more emphasis on job security, extending the Job Support Scheme for seven months.
NODX up 6% in July
Both electronic and non-electronic exports rose, albeit at a slower pace.
Pandemic boosts adoption of ESG principles: survey
About 76% believe that equities under ESG would attract the most interest and in-flows.
Combined assets of five SGX-listed ETFs up 14.3% in July
Two of these top performing ETFs surpassed $1b in AUM in June-July.