Singapore
MAS, MOM to raise minimum qualifying salary for EP holders in finance
They are expecting job creation to be slower in H2.
MAS, MOM to raise minimum qualifying salary for EP holders in finance
They are expecting job creation to be slower in H2.
Alibaba's Cainiao Network launches Singapore-China air freight route
This was made to support an increased cross-border shipment.
Fintech firm Fave unveils QR payments to DBS PayLah, Singtel Dash users
Users buying from Fave’s partner merchants will receive up to 20% instant cashback.
Singapore's NTUC Income extends eligibility of micro family scheme
This will cover additional 22,000 students.
Straits Trading buys business park in England for $137.9m
It is currently 96% let to multiple tenants.
Singapore expat jobs under threat in recession, local hire push
Recruiters say that the barriers to entry are mounting.
Singapore retail vacancy rate hits record high of 9.6% in Q2
Demand for retail space also reached the highest contraction since 2011.
DBS, Wilmar ink Singapore's first SORA agribusiness loan
Wilmar has option to enter into a SORA interest rate swap.
Chart of the Day: Monthly average industrial rents fell in Q2
High-tech industrial sites led the decline.
Daily Markets Briefing: STI down 1.78%
Medtecs International led the gains amongst top active stocks with a 9.86% expansion.
Fall in biomedical production surprising, but likely transient: analyst
Demand for pharmaceutical stocks is expected to remain strong throughout 2020.
Daily Briefing: MAS to ensure ‘well-paced' exit of COVID-19 reliefs; Travelers to China to receive special testing
And Equis has sold two biomass projects to Tokyo Gas.
Keeping the world online in times of crisis and beyond
When COVID-19 struck, people were looking for masks, gloves and toilet paper. But for enterprises, they were demanding data network, and lots of it – to ensure their connectivity remains strong for remote work collaboration. Telstra’s business is to connect the world to Asia, and Asia to the world; our network – including the largest subsea cable network in the Asia- Pacific region – was the very first to see these data demands. Our international network sees a dizzying amount of traffic on any given day, but the increase in data being sent back-and-forth during COVID-19 is truly massive. The demands for data have spiked significantly, seemingly overnight, by up to 50%.
Singtel, Great Eastern float general insurance plans
They will be starting with Singtel Home Protect which covers telco and housing bills.
Travellers from South Korea required to undergo SHN in dedicated facilities
It will take effect from 29 August.
Manufacturing industry opened 6,300 manufacturing jobs: MOM
Close to 5,100 are for PMETs.
Manufacturing output dipped 8.4% in July
Output from all clusters, except precision engineering, dropped.