Singapore
Daily Markets Briefing: STI up 0.29%
Expect muted gains today.
Daily Briefing: Electricity tariffs down 4.7% for Q2; VC firm DSG Consumer Partners raises $30m
And Wirecard rejects the link between its compliance manager’s exit and fraud allegations.
Chart of the Day: Singapore CFOs salaries beat Asian peers
Singaporean CFOs in multinational companies (MNC) usually earn up to $620,000.
URA tenders residential-commercial site at Tan Quee Lan Street
The site can yield up to 580 residential units.
Middle Road and Sims Drive sites sold for $492m and $383.53m
They lured 10 and five bidders respectively.
SingPost fined $300,000 for dismal delivery service
It failed to deliver 99% of local basic letters within the CBD by the next working day over four months, amongst others.
Grab to open largest R&D centre in new HQ
The one-north property can house up to 3,000 employees.
ARA Asset Management buys mixed-use building in Australia's CBD
It plans to redevelop the 140,000 sqft property into a Grade A office tower.
Singapore bank loans grew 3.3% in February
However, consumer loans grew at the slowest pace since at least 2005.
Singapore to get hit in 2019 by Chinese economy's hard landing: report
Its high dependency on international trade and integration in the Asian supply chain puts it at risk.
ACCA unveils accelerator programme for SMPs' overseas expansion
The six-month programme will give targeted workshops and mentoring for $388.
Credit Culture launches personal lending platform
Loan applications and credit verification will be done online. Malaysian-funded Singapore fintech startup Credit Culture, a subsidiary of Dey Private Limited, launched its online lending platform, becoming the first licensee amongst the six entities that are part of a pilot by the Ministry of Law on new business models for personal loans. Credit Culture enables customers to auto-populate an application form using government sites like MyInfo and uses this data to assess the creditworthiness of a customer instantly. Personalised rates are offered and upon face-to-face verification at Credit Culture’s office, funds are transferred instantly. The lending platform will offer rates capped at 1% per month and remove high late interest and extra charges for early settlement.
ST Engineering may see $200m in sales and cost savings from Newtec buy: analyst
The earnings contribution may hit over $10m by FY21 and onwards.
Industrial sites in Jalan Papan and Gambas Way up for tender
Jalan Palan has a site area of 1.24ha whilst the Gambas Way site has 1.20ha.
Active job seekers down 5% amidst high wage satisfaction: study
Three in five claimed to be either 'satisfied' or 'very satisfied' with their pay.
Completed condo prices down 0.5% in February
The prices of units at Central Region fell 1.5%.