Singapore markets closed

  • Straits Times Index

    3,145.81
    -5.75 (-0.18%)
     

  • Nikkei

    27,116.11
    -195.19 (-0.71%)
     

  • Hang Seng

    17,740.05
    -272.10 (-1.51%)
     

  • FTSE 100

    6,991.09
    -6.18 (-0.09%)
     

  • BTC-USD

    19,460.77
    -568.66 (-2.84%)
     

  • CMC Crypto 200

    444.08
    -10.95 (-2.41%)
     

  • S&P 500

    3,644.59
    -99.93 (-2.67%)
     

  • Dow

    29,305.04
    -621.90 (-2.08%)
     

  • Nasdaq

    10,683.81
    -389.50 (-3.52%)
     

  • Gold

    1,705.00
    -15.80 (-0.92%)
     

  • Crude Oil

    93.12
    +4.67 (+5.28%)
     

  • 10-Yr Bond

    3.8810
    +0.0550 (+1.44%)
     

  • FTSE Bursa Malaysia

    1,406.00
    -14.43 (-1.02%)
     

  • Jakarta Composite Index

    7,026.78
    -49.84 (-0.70%)
     

  • PSE Index

    5,932.19
    -2.08 (-0.04%)
     
PROPERTY:

Singapore home prices won’t defy gravity for long. Why?

Singapore's Homage plans to accelerate regional expansion as it scales up

Gillian Tee, co-founder and CEO of Singapore-based Homage, shares her plans for the company.

Latest stories

  • India court declines relief to Xiaomi over $676 million asset freeze

    An Indian court on Thursday declined to lift a freeze on Xiaomi Corp's $676 million worth of assets, even as the Chinese smartphone group said this enforcement action had "effectively halted" its operations in its key Indian market. India's federal financial crime agency, the Enforcement Directorate, froze 55.51 billion rupees of Xiaomi assets in April, alleging the company made illegal remittances to foreign entities by passing them off as royalty payments. Xiaomi, which denies any wrongdoing, challenged the asset freeze in the High Court of southern Karnataka state, saying in its legal filing it "is severely disproportionate and has effectively halted the operations" of the company.

  • Sanctioned Russian billionaire’s superyacht turns up in Hong Kong

    A US$500 million superyacht that’s connected to sanctioned Russian tycoon Alexey Mordashov has mysteriously ended up in Hong Kong.

  • Penthouse at Duo Residences rakes in $2.1 mil profit

    SINGAPORE (EDGEPROP) - The most profitable transaction recorded during the week of Sept 20 to 27 was for a penthouse unit at Duo Residences. The seller reaped a profit of $2.14 million on the 4,392 sq ft apartment when it was sold for $11.48 million ($2,613 psf) on Sept 20. The apartment had been purchased for $9.34 million ($2,127 psf) in November 2016. This means the seller made a 23% gain over a period of nearly six years.The sale marks the most profitable resale transaction recorded for Duo

  • How the Recent Property Cooling Measures Will Affect You as a Potential Homeowner

    The Singapore government unveiled a new round of cooling measures for the property market on 29 September. Here’s what this means for you.

  • India Sept services growth slumped to 6-month low on cooling demand -PMI

    Growth in India's services industry slumped in September to a six-month low, led by a substantial easing in demand amid high inflation, a private survey showed. The S&P Global India services Purchasing Managers' Index fell to 54.3 in September from August's 57.2, much lower than the Reuters poll expectation for a gentle drop to 57.0. Despite staying above the 50-mark separating growth from contraction for the fourteenth straight month - the longest stretch of expansion since October 2016 - the index fell to its lowest since March.

  • TotalEnergies to offer biofuels for ships in Singapore from next year

    TotalEnergies will start offering biofuels as a bunkering fuel to its customers in Singapore from next year, a senior executive at the French energy giant said on Thursday, as the company seeks to reduce its emissions in shipping. The move would reduce greenhouse gas emissions from shipping by 20-25%, said Vice President Marine Fuels Louise Tricoire. "We will be able to deliver biofuels with new UCOME (used cooking oil methyl ester) based supply chain in Singapore by 1 Jan 2023 for customers," said Tricoire at the Singapore International Bunkering Conference and Exhibition (SIBCON) 2022.

  • World Bank cuts India's growth forecast to 6.5% as region takes a hit

    The World Bank trimmed India's growth forecast for this financial year by a full percentage point on Thursday and predicted a 9.5% contraction in crisis-hit Sri Lanka, as rising commodity prices and debt trouble hit economies in South Asia. Growth estimates for the region - comprising India, Pakistan, Afghanistan, Bangladesh, Sri Lanka, Nepal, Bhutan and the Maldives - were revised down to 5.8% from 6.8% forecast in June. India's forecast was trimmed to 6.5% from 7.5%.

  • India's Nykaa and Dubai's Apparel Group forge Gulf alliance

    NEW DELHI (Reuters) -Indian cosmetics and fashion retailer Nykaa and Dubai-based lifestyle and fashion conglomerate Apparel Group have struck an alliance to expand in the Gulf region, the companies said on Thursday. With the agreement, Nykaa hopes to grow in a region where it sees high demand for beauty products, months after inflationary pressures in India led it to report to a "subdued season" in the three months ended June. Nykaa Chief Executive Falguni Nayar said the two companies would together build a multi-brand beauty retail business in Gulf Cooperation Council countries, with Nykaa holding a 55% stake of the entity and Apparel Group holding the rest.

  • Honda to cut car output at two Japanese plants in October

    Honda Motor Co said on Thursday it would reduce car output by up to 40% at two Japanese plants for the rest of October from its earlier plans, as the company battles with persistent supply chain and logistical problems. Two lines at Honda's Suzuka plant in western Japan will cut production by about 20% in October, while its assembly plant in Saitama prefecture, north of Tokyo, will lower production plans by about 40% for the month. Honda blamed delays in receiving parts and logistics on COVID-19 outbreaks and semiconductor shortages.

  • Here’s what S$10,000 Will Buy You When You Buy Lion-Phillip S-REIT ETF

    We take a deeper look at what S$10,000 will buy you for this REIT ETF. The post Here’s what S$10,000 Will Buy You When You Buy Lion-Phillip S-REIT ETF appeared first on The Smart Investor.

  • Doctor Anywhere makes 18.8 cents per share offer for Asian Healthcare Specialists

    The offer is a premium of more than 18% over the one-month VWAP of Asian Healthcare Specialists

  • Stocks mostly retreat, pound drops

    Equity markets mostly fell Thursday and the pound retreated once more against the dollar on lingering recession fears despite hopes that the US Federal Reserve will tame the pace of aggressive interest rate hikes.

  • Kim Heng units clinch US$35 million of contracts

    Units of Kim Heng have been awardedUS$35 million of contracts in Taiwan

  • India 10-year bond yield could hit 7.9-8% – Citi's Badrinivas

    Tighter liquidity conditions, a moderation in demand from insurers and a higher Reserve Bank of India terminal rate will likely push the 10-year Indian government bond yield to 7.90-8.00%, a top Citigroup Asia executive said on Thursday. "The second half (of fiscal 2023) will be a bit more challenging (for the Indian bond market) than the first, definitely," said Badrinivas NC, managing director, head of markets of South Asia at Citi. Indian government bond auctions went through successfully in the April-September period on strong demand from insurance companies and from banks.

  • Foreign funds may cash out of India's bond market on index inclusion delay – analysts

    Foreign funds will continue to trim their holdings in India's government debt after J. P. Morgan delayed the inclusion of the country's bonds in its global index, sparking a further rise in yields, analysts said. "Since mid-September we have seen outflows on expectations that the index inclusion may not materialise in 2022," Nagaraj Kulkarni, co-head for Asia rates strategy, excluding China at Standard Chartered Bank said. Earlier this week, J. P. Morgan said India remains on the radar to be included in its influential emerging market local currency debt index after a review, dashing hopes that Asia's third largest economy would be added this year.

  • The Great Resignation: The Impact on APAC’s CXOs

    75% of APAC’s business leaders will be looking for new career prospects in the following monthsSINGAPORE - Media OutReach - 6 October 2022 - Sparked by the global pandemic, the Great Resignation has already been happening among the C-suite in Asia Pacific for the last 2 years. In latest studies from The Page Executive Asia Pacific Talent Trends 2022 Report – The Great X, there has been a wave of resignations amongst senior leadership in Asia Pacific as over one-third of leaders polled (36%) have

  • AlÄ“theia Capital appoints Nirgunan Tiruchelvam head of consumer and internet

    Nirgunan is a columnist of The Edge Singapore

  • Singapore banks may dial down loan growth targets but still outperform broader market: analysts

    Coupled with uncertainty over the 2023 outlook, investors will likely take a cautious stance on bank stocks.

  • India's IT hub directs Uber, others to stop three-wheeler services

    India's southern state of Karnataka has asked cab aggregators Uber, SoftBank-backed Ola and Rapido to stop three-wheeler services in Bengaluru, a top government official said, accusing them of overcharging and harassing customers. "They are not authorised to ply autos... They are charging exorbitantly and it's a serious complaint," Hemantha Kumara, additional commissioner for transport, Bengaluru, told Reuters. "We can't tolerate harassment meted out to customers and justify the exorbitant rates," he said, adding the transport department issued a notice to the companies to stop the service in India's IT hub on Thursday.

  • India's Adani Group to invest $8 billion in Rajasthan over five-seven years

    India's Adani Group will invest 650 billion Indian rupees ($7.9 billion) in the northern Indian state of Rajasthan over the next five to seven years, its founder, and Asia's richest man, Gautam Adani said on Friday. Adani said late last month his company would invest more than $100 billion over the next decade, most of it in the energy transition business. The ports-to-energy conglomerate will invest in the renewables business, cement manufacturing, expanding an airport and developing networks to deliver piped natural gas (PNG) and compressed natural gas (CNG), Adani told an investment summit in the state on Friday.