Singapore

Daily Markets Briefing: STI down 0.45%

Investors were optimistic about easing trade tensions.

Singapore to remain Asia's strongest office market

Office rents will rise 8% in 2019 amidst stable leasing demand from finance and law tenants.

Ministry of Law to introduce new laws on copyright and commissioned work

Creators will be given a new right to be attributed as the creator of the works regardless of whether they still own the copyright.

Singtel, Ericsson and Singapore Polytechnic open first live 5G facility

The facility will serve as a training centre and laboratory to boost 5G adoption.

Newton Lodge launched for collective sale at $44m

The 21,409 sqft freehold site may be redeveloped into a 27-unit low rise apartment.

Almost 3 in 5 Singapore SMEs faced a cyber threat in 2018

The incidents were mainly due to system malfunctions and human error.

Glassdoor launches its recruitment services in Singapore and Hong Kong

The platform offers job seekers access to job listings alongside employee reviews and insights.

NETS rolls out same-day settlement for hawkers

Transactions done before 5 pm will be credited to their respective DBS, OCBC, and UOB bank accounts by 11 pm.

More firms embrace flexible work arrangements: MoM report

Proportion of firms offering at least one formal FWA increased by 3% to 53% in 2018.

Singapore non-oil domestic exports dropped 8.5% in December 2018

It was dragged by the 11.2% decrease in the electronics segment.

Over half of Singapore's workforce unsatisfied with their current job: report

Healthcare workers were ranked as the most motivated and less stressed.

Government urged to introduce tiered tax concessions for firms that enhance cyber resilience

KPMG says in its Budget 2019 wishlist that it may encourage corporations to develop their risk management, vigilance and governance for cyber attacks.

Chart of the Day: iEdge SG All Healthcare Index hit -3.3% return in 2018

The top performing constituent is Top Glove which saw its returns hit 40.6% in 2018. This chart from the Singapore Exchange (SGX) shows that the iEdge SG All Healthcare Index saw a total return of -3.3%. This is compared to the total returns of -6.5% for the Straits Times Index (STI), -3.2% for the MSCI Asia Pacific Health Care Index, and -16.5% for the MSCI Asia Pacific ex-Japan Health Care Index. According to SGX, the five best-performing constituents of the iEdge SG All Healthcare Index include Top Glove Corp (+40.6%), Camsing Healthcare (+19.5%), Aoxin Q & M Dental (+10.5%), Pharmesis Intl (+8.7%), and Riverstone Holdings (+7.9%). In 2018, SGX noted that the five healthcare plays have averaged a total return of +8.6%, bringing their three-year and five-year total returns to -3.5% and +63.3%, respectively.

Home price growth could ease to 2% in 2019: Fitch Ratings

Mortgage rate hikes could further dampen property price growth.