Singapore
Chart of the Day: Office property investments nearly doubled to $1.9b in Q2
It outgrew the residential segment where investments plummeted to $914.2m.
Daily Briefing: Healthcare subsidy income ceiling to rise by up to $300 in October; Hospitality start-up RedDoorz secures $61.6m in series B round
And Singapore-based robo-advisor StashAway bags $16.4m in series B funding.
Daily Markets Briefing: STI down 0.52%
Singtel fell the most amongst top active stocks with a 4.9% decrease.
Beyond Japan: Sompo Holdings Asia's journey towards a sturdy retail platform
The insurer seeks to build and reinforce brand awareness for direct consumers in key Asia Pacific markets.
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.
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