Singapore
Secret Sauce for the Banking Industry
According to Singapore’s largest bank DBS, the volume of cash deposits and withdrawals fell by an unprecedented 11% in the first 3 months of 2020, a 6% fall from where the figure had been since 2017. Coupled with extraordinary growth in the adoption of e-payments, it’s safe to say that COVID-19 has altered consumer behaviour—and fast.
Economy to have uneven recovery in 2021: Standard Chartered
Certain business sectors will continue to struggle amidst labour shortages and mobility restrictions.
Chart of the Day: HDB rental market inches up 1% in June
Mature and non-mature estates rents increased 0.1% and 1.9%, respectively.
Singapore property investment deals could reach $30b by end-2021: KF
Property investment sales surged to $5b in Q2 2021.
Condo rents stay the same in June
Meanwhile, private and HDB rental volumes rose for the third consecutive month.
Singapore launches SGTraDex for supply chain data exchange
This is expected to unlock more than US$150m value annually for the supply chain ecosystem.
Temasek breaks record with net portfolio value of $381b
The state investor divested $39b and invested $49b in the financial year ending 31 March 2021.
80% of workers go to office amidst lockdown to process invoices: survey
This is despite the support of their workplaces towards paperless initiatives (77.8%) and remote working (66.8%).
Are Singaporean employees becoming complacent?
Only 3 in 10 want their employers to provide more reskilling opportunities.
SGX expands clearing services for seaborne freights
The Singapore Exchange adds three new Forward Freight Agreement and futures contracts for LNG vessels.
DBS donates 1,000 oxygen concentrators to Indonesia
DBS will partner with the Ministry of Health to deploy the oxygen concentrators.
Condo resale volumes fall 12.6% to 1,510 units in June
Tighter safety management measures continued to restrict the market, analysts say.
Market Update: STI up 0.76%
Only 10 firms were on the red when trading closed 13 July.
The lack of innovation in Singapore’s telco industry
And how one telco startup is determined to change it.
Sustainable stocks outperformed during pandemic
Nearly a third of STI stocks announced strategy changes that focus on sustainability and governance.
Lion Global Investors, OCBC Securities to list China-focused ETF in SGX
The IPO runs from 12 to 28 July issued at S$2.00 each unit.
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