News

Daily Markets Briefing: STI down 0.42%; Top stock is DBS

DBS is the top stock despite a 0.282% decline.

Study shows young adults becoming more active in buying new private homes

Median age of Singaporean homebuyers now at record low of 39 years old.

Suburban private housing market takes spotlight with surge in new supply

OCR project launches were limited in the past five years.

Inflation edges up to 3.7% in December

In 2023, headline inflation averaged 4.8%.

LTA extends card-based ticketing system as SimplyGo undergoes enhancement

SimplyGo users can exchange their cards for CBT cards for free.

MOH sets deadline for Cordlife to comply with regulations

Cordlife has not been allowed to collect, store, or process new cord blood since 30 Nov.

Resale home volume drops to a three-year low in 4Q23

Only 2,586 units exchanged hands last quarter.

NETS to resume selling and use of FlashPay card

The current card-based ticketing system will operate alongside the SimplyGO system.

What are the top five equity deals in Singapore in 4Q23?

The top company accounted for 20.9% of the total funding in the last quarter of the year.   The Series B funding of chiplet technology company Silicon Box was the top equity deal in Singapore in the fourth quarter, data from CB Insights' "State of Venture Report” showed.

Office rental rates rise 1.1% in 2023

The 2023 record is smaller than the 2022 growth of 2.2%.

Rage applying, moonlighting, and quiet quitting emerge as leading employee trends in 2024

Inadequate pay is among the main factors driving these employee trends.

IREIT Global’s portfolio valuation dips 2.6% HoH in 2H23

The REIT portfolio valuation as of 2H23 was $1.3b (€899.0m).

FCT’s retail portfolio occupancy reaches 99.9% in 1Q24

The latest figure is 1.5%-pt higher than the 1Q23 record.

US emerges as the top source economy of Singapore's portfolio investment liabilities

Singapore's portfolio investment liabilities were at $593b as of the end of June 2023.