Daily Debrief: What Happened Today
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PROPERTY investment demand fell back in the last few years, but it is rising again and adding stress to the local housing market. So the government has moved to crimp investment demand – from both local and foreign buyers – to proritise Singaporeans looking to buy homes for their own occupation, Minister for National Development Desmond Lee said on Thursday (Apr 27).
Singapore closer to testing ammonia bunkering as study finds ‘low or mitigable’ risks
SINGAPORE has taken a crucial step closer to starting pilot studies on the feasibility of ammonia as a green marine fuel, with a study finding the risks of assessing the highly toxic fuel to be “low or mitigable”.
Singapore firms must transform for productivity amid economic uncertainty: SNEF
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THOUGH economic conditions have become gloomier, firms should press on with transforming for productivity, said Singapore National Employers Federation (SNEF) president Robert Yap in his May Day Message on Thursday (Apr 27).
Rents, prices of Singapore industrial space rise for 10th straight quarter: JTC
RENTS and prices of Singapore industrial space continued to rise for the tenth straight quarter in the first quarter of 2023 despite a fall in transaction volumes and occupancy rates, according to JTC’s quarterly market report released on Thursday (Apr 27).
MPA partners standards organisations in digitalisation, decarbonisation efforts
THE Maritime and Port Authority of Singapore (MPA) will partner eight internationally recognised classification societies to develop new technologies and solutions that support maritime digitalisation and decarbonisation.
Corporate Earnings
- UOB posts 67% rise in Q1 profit to S$1.5 billion
- CapitaLand India Trust Q1 income up 19% to 3.3 billion rupees
- Elite Commercial Reit posts 26.6% lower Q1 DPU
The STI today
Property counters lead declines following ABSD hike; STI down 0.4%
THE Straits Times Index (STI) fell 0.4 per cent or 11.88 points to 3,282.03, as property counters experienced declines following the government’s property cooling measures overnight.
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