Singapore
Daily Briefing: GIC partners with SoftBank and Sequioa Capital to invest $535m in restaurant startup; Industry head forecasts weak semiconductor growth
And here's why First Resources is still a good buy despite low stock price.
Daily Briefing: GIC partners with SoftBank and Sequioa Capital to invest $535m in restaurant startup; Industry head forecasts weak semiconductor growth
And here's why First Resources is still a good buy despite low stock price.
Residential development charge rates raised to 22.8%
The government lifted rates after the frenzied biddings for development sites both in the collective sales as well as GLS market.
Sentosa Cove property lost 42% of value after sale
It was sold for $3.25m, whilst the last owner purchased the unit in 2011 at $5.64m.
Average expat income fell 15% to US$117,904 in 2017
From being the fourth highest paid expats in the world, Singapore expats are now tenth in the rankings.
Chart of the Day: Condo sales hit a four-year high in 2017
Sales volume rose 67.8% YoY to 11,988 units.
Daily Markets Briefing: STI down 0.63%
Weakness on Wall Street overnight could dampen the local sentiment further today.
Daily Briefing: Alibaba launched AI research lab in Singapore; GIC joins Chinese developer in US$110.8m mall deal
And here are two REITs with mixed results recently.
Noble plunged into US$4.94b loss in 2017
It blamed the US$3.24b non-cash reserve losses on fair value gains of commodity contracts.
Executive condo sites lure aggressive bids amidst supply drought
This was seen through the record-breaking top bids for EC site Sumang Walk.
Wilmar eyes China expansion
Management intends to further expand its businesses in rice, flour and related consumer products.
Real estate giants choose startup route to chase startups
Co-working just grew up.
BCA halts Kingsford Waterbay development
Building works like windows, barriers, and common storey shelter strayed from building requirements.
Bank loans up 5.4% to $650.62b in January
Business loans led the growth with a 5.6% increase.
Keppel eyes construction of three semisubmersible drilling rigs at $560m each
If the deal pushes through, total contract value could go up to $2.3b.
CityDev Q4 profit crashed 23.4% to $186.7m
It lost the revenue boost from Hong Leong City Center that it got in 2016.
Singapore loans grew 8% in 2017 but still lagged behind Hong Kong
A robust economy and optimism in the property market are slowly narrowing the gap.
IHH recovers from loss with $34.15m Q4 profit
It continuously ramped up its hospitals that opened in 2017.
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