News
Company, director flagged for bid-rigging Ngee Ann Polytechnic quotation exercises
Company, director flagged for bid-rigging Ngee Ann Polytechnic quotation exercises
The bid-rigging affected quotations worth $63,000 to $65,000.
NTUC Enterprise, Income Insurance defend Allianz deal amidst stakeholder concerns
Suee Chieh Tan claimed that NTUC Enterprise raised its stake in the co-operative.
Great Eastern granted deadline extension to restore its public float
The insurer was given a deadline of 23 October.
Siloso Beach reopens for water activities after oil spill cleanup
The water quality at the beach has returned to normal levels.
HDB rental market may face a downturn in H2
Leasing volumes to fall to 36,500–38,000 units in 2024.
Daily Markets Briefing: STI down 1.07%; Top stock is DFIRG USD
DFIRG USD is the top stock with a 2.30% increase.
Lower-than-expected labour stats offset inflation risks
The core inflation forecast remains at 3.3%.
CBRE strengthens ESG services with Paia Consulting acquisition
The consulting firm’s leadership will assume key roles at CBRE.
Expert raises 2024 growth forecast for HDB resale prices to 7%-8%
Demand for resale flats is likely to remain robust for the remaining months.
Singapore slated to remain as data centre of SEA
It currently has a capacity of 973 MW.
MAS forms review group to boost Singapore’s equities market
The review group will be supported by two workstreams.
HashKey OTC gets Singapore license to offer DPT services
It previously operated under an exemption.
Geo Energy acquires majority stake in coal infrastructure developer
A $13m integrated infrastructure project was also signed.
Keppel buys Chennai office complex for $352.9m
The property will be used to attract investors to the Indian office market.
Jardine C&C’s H1 underlying profit drops 14%
Underlying earnings per share also dropped 14% to $1.70.
Singapore sales professionals allocate only 29% of time to customer interaction
About 73% of sales teams have either fully implemented or are experimenting with AI.
Jardine Matheson’s underlying profit sinks 33% in H1 2024
The decline was mainly due to weaker contributions from Hongkong Land.
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