News

Weak share price for ST Engineering shows buying opportunity: report

ST Engineering is still resilient due to global aviation traffic.

MAS tacks $375k fine on UOB Kay Hian

The fine is for breaches in business conduct and anti-money laundering rules.

Two-thirds of businesses involved in corporate giving: Wong

This will build trust and unity in the society.

Golden Agri subsidiary defers listing in India

The subsidiary will explore opportunities to enhance shareholders' value in the meantime.

Some F&B operators, retailers unfazed by rising rents: Savills

It sees retail rents in Prime Orchard up by 3% year-on-year.

Chart of the day: 2 in 5 adults uncomfortable not wearing masks in indoor spaces

They are the most uncomfortable not wearing a mask in private transport modes.

Market update: STI up 0.19%

Jardine Matheson led the index.

Standard Chartered, FairPrice-backed Trust Bank launches in Singapore

A total of S$400m was invested by its shareholders, the neobank said.

RHB Singapore raises deposit interest rates to up to 5.5%

It attributed this to the “recent spate of competitive rising rates by local banks.”   RHB Singapore has joined the bandwagon of local banks that have raised the interest rates for their deposit accounts.

SLA to roll out changes in remnant land charging framework

The updated framework includes a new rate for remnant land parcels.

ST Engineering bags $1.4b turnkey rail contract for Kaohsiung MRT Yellow Line

The contract was granted by  Kaohsiung City Mass Rapid Transit Bureau.

GuocoLand to open preview for Lentor Modern on 2 September

The private condominium will be completed in 2026.   The show gallery for Lentor Modern will be open for preview starting 2 September, GuocoLand announced.    Once completed in 2026, Lentor Modern will become the first private condominium launch in the Lentor neighbourhood in more than two decades.    Lentor Modern is situated on a 1.7-hectare site and comprises three 25-storey residential towers above a mall with more than 96,000 square feet (“sq ft”) of F&B and retail shops, a supermarket and a childcare centre. 

Crypto adoption further rose in 2022: study

About 20% of adults in Singapore own cryptocurrency.   The percentage of Singaporean adults who own cryptocurrency had gone up to 20% in 2022 from 16% last year, data from Finder.com showed.    Of those who own cryptocurrencies, 68% are men, whilst 32% are women.   Amongst types of coins, bitcoin was the most popular amongst Singaporeans (33%), followed by Ethereum (26%).

Rare 6-storey CBD shophouse in Boat Quay on sale for $45 million

It will be sold through an Expression of Interest exercise.   52 Boat Quay, a rare six-storey CBD shophouse located in the Boat Quay district, was launched for sale with a guide price of $45 million.    Its marketing agent, Savills, said the sale will be conducted via an expression of interest (EOI) exercise closing on 7 October, at 3 p.m.   According to Savills, 52 Boat Quay is the tallest of all the conservation shophouses situated along the Singapore River. Surrounding the property are office buildings like CapitaSpring, UOB Plaza1 and 2, One George Street, OCBC Centre and One Raffles Place.