Markets & Investing
6 in 10 Singaporeans spend over $500 on first crypto buy
6 in 10 Singaporeans spend over $500 on first crypto buy
Monthly, crypto investors spend $500+ towards their portfolio.
Singapore ranks 7th globally for innovation and talent
Testamtent to this is the over $8b capital Singapore VCs injected to generative AI.
Singapore leads in women-led startups with 936 firms
Women-led start-ups raised US$3B in 2023.
Singapore tops SEA in tech funding with US$604M in 1Q24
Homegrown Capillary had the highest funding round during the period.
Daily Markets Briefing: STI down 0.85%; Top stock is Yangzijiang Shipbuilding
Yangzijiang Shipbuilding is the top stock with a 3.24% increase.
SGX to refine rules on default loss exposures
The proposed cap aims to provide certainty.
Singapore joins top 20 economies in investment appeal
Economies with the highest GOI scores were all high-income advanced economies.
Amsterdam’s Bouwinvest pours US$75m into CLI’s lodging private fund
The private fund has a target equity size of $800m (US$596.04m).
Starwood acquire 10.7% stake at ESR Group
ESR Group has $156b worth of assets under management.
Second Chance Properties warns of ‘significant’ decline in net profit
The company had unrealised foreign exchange losses in 1H24.
FHT turns down offer to acquire Capri by Frasers, citing strategy mismatch
The property has a 45-year lease remaining under JTC.
FLCT prices $175m Series 002 notes at 3.830%
The bonds are due in five years.
CLI debuts sustainability-linked panda bond, raises $187.1M
The panda bond was 1.65 times subscribed.
Manulife US REIT taps John Casasante as CEO and CIO
Casasante’s appointment is still subject to regulatory approval.
RHB raises target price for Singapore Exchange
Securities trading remains weak.
Singapore deal activity falls 13.2% YoY in the first 2 months of 2024
In the whole of APAC, deal volume declined by 19.6% YoY.
Venture capitalists sharpen focus on targeting startups’ profit paths
Deal activity in Asia Pacific fell 26.3% YoY in 2023, but an expert suggests that years after a ‘bad year’ are always ‘exceptionally good.’