SINGAPORE – The muted response from retail investors to Singapore’s inaugural sovereign green bond was expected given the product’s 50-year tenor, analysts said. The lengthy period before the bond matures seems daunting to many individuals but is seen as being more appropriate to institutional investors such as pension funds and insurance companies that have long-term […]
SINGAPORE – Singapore’s retail sales may have expanded at a double-digit pace in the past few months after pandemic curbs were relaxed, but consumers are now watching their spending because of inflation. This finding is highlighted in a study – commissioned by credit card firm American Express (Amex) – which also notes that businesses are worried […]
SINGAPORE – Takings at the till in Singapore grew at a slower pace in June as inflation that month touched its highest levels since 2008. Retail sales rose 14.8 per cent year on year, cooling from the 17.8 per cent growth in May, according to figures released by the Department of Statistics (SingStat) on Friday […]
SINGAPORE – Retail rentals have probably hit bottom and will start to rise again, with suburban areas poised to lead the market recovery. Mr Alan Cheong, Savills Singapore’s executive director, noted that past rental highs may not be sustainable as the retail landscape has changed since the pandemic and tourist arrivals have yet to return […]
NEW YORK (AFP) – Wall Street stocks rallied to close out a difficult week on Friday (July 15), with the Dow jumping more than 2 per cent following strong retail sales data and Citigroup results. The blue-chip Dow Jones Industrial Average climbed 2.2 per cent to 31,288.26. The broad-based S&P 500 gained 1.9 per cent […]
Retail and Tourism roles drive high demand: Monster Employment Index Overall hiring improved by 31 per cent on a year-on-year basis Retail led with triple-digit growth of 321% annually in the Malaysian job market Demand for professionals across Hospitality and Travel roles surged as tourism bounces back in the country KUALA LUMPUR, MALAYSIA, July 15, […]
SINGAPORE – Takings at the till in Singapore grew at a faster pace in May, helped by a low year-ago base and the continued boost from tourist spending after travel restrictions were eased. Retail sales surged 17.8 per cent year on year, extending the 12.1 per cent growth in April, according to figures released by the […]
If you have an existing retail property loan that references the Singapore Dollar Swap Offer Rate (SOR), you would have heard about the impending discontinuation of SOR by now. Banks in Singapore are in the process of converting all existing SOR-based property loans, as SOR will be discontinued after 30 June 2023. This is because […]