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Singapore Wrap Monday
Today's notable stories
- Singapore leads Asia in real estate investment in 2014: CBRE report
Singapore was the top Asian investor in real estate in 2014 with US$11.9 billion worth of properties acquired across the world, said CBRE Research, adding that this was an increase from 2013.
- Sibor up again, at 0.786%, more than double last year's rate
The key 3-month Sibor's (Singapore interbank offered rate) relentless climb has pushed it to more than double last year's rate, as the US dollar continues to rally.
- Goldman said to cut Singapore investment bank jobs by about 30%
Goldman Sachs Group Inc is reducing the size of its investment-banking team in Singapore by about 30 per cent compared with the start of the year, people with knowledge of the matter said.
- OCBC expects 30% growth in cards business this year
OCBC on Monday said that it expects to grow its cards business - in card spending terms - by 30 per cent this year. This comes as it launches Singapore's first air miles card that lets card holders redeem flights on all airlines, and at any time, the bank announced. This product will be available only to its high net worth and affluent customers.
- Frasers Centrepoint sells 2015's first SGD perpetual bonds
Frasers Centrepoint on Monday is selling Singapore dollar perpetual bonds, the first perpetual deal in 2015.
- Singapore: Index rises but broad market stays weak
The Straits Times Index (STI) kicked off the week by spending the entire session in the red before a push in the final seconds took it to a nett 1.03 points gain at 3,403.89.