Singapore
Asia's first bitcoin asset fund Stack floats in Singapore
The index fund plans to capture $1.01b (US$750m) assets under management within 2020.
Asia's first bitcoin asset fund Stack floats in Singapore
The index fund plans to capture $1.01b (US$750m) assets under management within 2020.
Utico to hike advisors fees cap to $50m if Hyflux rescue deal bags approval
It will reduce the pot to $30m if advisors do not support the restructuring agreement.
Daily Briefing: Singapore's real estate market is 9th most dynamic in the world, Sea Group buys Canadian game developer Phoenix Group
And Steve Leonard to step down as SGInnovate founding CEO.
Chart of the Day: 170 uncompleted strata-titled industrial units up for sale in Q4 2019
Nearly half of the units are between 200-299 sqm in size.
Daily Markets Briefing: STI down 1.81%
Medtecs International led the gains amongst top active stocks with a 65.39% jump. The Straits Times Index ended 58.77 or 1.81% lower at 3,181.25. The top active stocks were Medtecs International, which surged 65.39%, Singtel, which fell 0.89%, DBS, which inched down 1.34%, Genting Sing, which contracted 3.85%, and Capitaland with a 4.89% decline. The FTSE Mid Cap slid 2.15% whilst the FTSE Small Cap fell 2.41%.
Creating a launchpad for international SMEs yet
The protectionist sentiment that is spreading throughout the global economy has put governments around the world on tenterhooks. Even as Singapore continues to perform well, it narrowly avoided a technical recession in the third quarter of 2019 and will need to remain vigilant.
Three tips for Singapore businesses to manage international cash flow amidst economic uncertainty
The global economy has slowed significantly over the last 12 months. According to the International Monetary Fund, global growth likely fell from 3.6% in 2018 to an estimated 2.9% in 2019 (IMF, 20 January 2020).
MAS implements Payment Services Act
Acts on money changing and payment systems have been repealed.
MLT to acquire Japan logistics centre for $272.5m
The company aims to fill the market gap of grade A logistic properties in Japan.
MIT's next buy could be Mapletree's stakes in US data centres: analyst
Data centres could feature more strongly in its deal pipeline.
Coronavirus scare a boon for online grocery sales and telcos
Reduced outdoor time meant higher demand for online purchases and data streaming.
Chart of the Day: Volume of industrial property deals down 12% in Q4 2019
All caveats lodged in the quarter were for resales.
Hospitality & tourism to slow down amidst coronavirus outbreak
Singapore hotels’ performance will likely imitate the 42% fall in daily average rate during the SARS outbreak.
Government urged to adopt tax incentives for 5G adoption: KPMG
This includes tax credits of up to 42.5% for the development of use cases for 5G.
Risk management solution buys to boost SGX's profits
Scientific Beta grew its assets under replication by 10 times in four years.
Coronavirus outbreak afflicts tourism-related stocks in Singapore
Stocks of big players like SIA and Far East Hospitality Trust saw declines in their share prices.
NUS researchers withdraw claims on developers' insider trading
The university recently released a study asserting that developers exchange information on bids during golf time.
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