Singapore
Mapletree Industrial Trust to buy 18 Tai Seng property for $262.2m
It is the newest nine-storey mixed-use building in Payar Lebar iPark.
Mapletree Industrial Trust to buy 18 Tai Seng property for $262.2m
It is the newest nine-storey mixed-use building in Payar Lebar iPark.
OUE Lippo Healthcare inks deal to develop high-end international hospital in Shenzhen
The hospital will have more than 200 beds serving the local community.
Chart of the Day: Influx of launches in H1 2019 could hit developers
More than 11,000 units are expected to be launched in 2019, on top of 32,000 units unsold as of Q3. This chart from OCBC Investment Research (OIR) shows that supply pressures are not immediate in the near term with only 3,506 units left in the pipeline supply for Q4. However, the medium-term developers might face risks in the medium-term with more than 11,000 units expected to be launched in 2019, on top of rising inventory levels of about 31,900 units in Q3 that are a tad below the long term average leves, OIR noted.
Property sales dropped 12.5% to $31.4b in 2018
En bloc sales plummeted 95% HoH to $484.08m in H2 from $9.69b in H1.
Daily Markets Briefing: STI up 0.36%
Wall Street's muted tone could take its toll on the local bourse today.
Daily Briefing: Grab clinches US$150m from automaker Yamaha Motor Co.; Finnish biofuel producer Neste plans to inject $2.2b in Singapore's biofuel production
And energy savings firm Barghest Building Performance nabs $45m from investment firm KKR & Co.
Mobile wallet usage boosts business growth for small merchants: study
Monthly card sales increased 7% after adopting cashless payment methods.
1 in 5 professionals expect a 10% salary increase in 2019: survey
Singapore professionals rated their salary satisfaction at 5.9 on a scale of 1-10.
Total employment growth more than doubled to 16,700 in Q3
Growth occurred mainly in the community, social & personal services and financial & insurance sectors.
Lazada Group appoints Pierre Poignant as CEO
He will succeed Lucy Peng who will remain as the Group’s executive chairwoman.
Private property supply jumped 58.7% in Q3
Asking prices of private non-landed residential properties inched up 1.4% QoQ.
Top 25 tech stocks hit average returns of 5.7% in December
Venture's total returns was recorded at -25.3% in December YTD.
Singapore's 2018 economic growth forecast raised by 1 ppt to 3.3%: MAS survey
Economists think that manufacturing growth in 2018 will slow down to 7.4% from an earlier prediction of 7.6%.
Daily Briefing: Singpost partners with logistics firm LogiNext to boost last mile deliveries; inaugural venture capital fund TNB Aura closes at $31.1m
And some Singaporean banking employees demand ridiculous pay rises.
Chart of the Day: See the correlation between GDP growth and residential property prices
Price growth could hit -3% to 2% in 2019 amidst predicted slower economic growth.
Daily Markets Briefing: STI up 1.33%
The Straits Times Index (STI) ended 40.71 or 1.33% higher at 3,099.99. The top active stocks were DBS, which advanced 0.21%, Singtel, which grew 0.03%, UOB, which gained 0.37%, OCBC, which inched up 0.15%, and Genting Sing, with a 0.035% advance. The FTSE Mid Cap rose 5.66% whilst the FTSE Small Cap gained 1.66%.
These Singaporean companies are poised to become the next unicorns
Online marketplace Carousell is one of the main contenders.
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