Private home prices fell at a slower pace last year than in 2014, according to flash estimates from the Urban Redevelopment Authority (URA) on Monday (Jan 4). Prices were down an estimated 0.5 per cent in the fourth quarter of last year, taking the full year decline to 3.7 per cent. In 2014, prices fell 4.0 per cent during the year.
Private home prices may have fallen at a slower pace last year than in 2014 but the trend of quarterly price decline is expected to continue, and future declines may not be as small, experts said.
The Singapore economy grew a modest 2.1 per cent in 2015, the weakest rate of growth since 2009 as tepid global demand continued to weigh on export-dependent sectors like manufacturing. This is according to advance estimates released on Monday (Jan 4) by the Ministry of Trade and Industry.
A provider of cloud-based business management software has lodged a preliminary offer document for a listing on the Catalist board on Dec 31 last year. Deskera Holdings provides software that support business needs like enterprise resource planning and customer relationship management, and caters mainly to the Asian small and medium enterprise (SME) market.
Listed companies in Singapore bought back S$2 billion worth of shares on the Singapore Exchange (SGX) in 2015, a record high since the share buyback scheme was introduced in 1999. Last year's total share buyback value surpassed the previous high of S$1.071 billion during the global financial crisis in 2008, according to data from research firm Asia Insider Limited.
The Life Insurance Association of Singapore (LIA Singapore) has launched an online register for members of the public to check on unclaimed insurance payouts. There are 8,185 insurance policyholders across the industry with payouts due to them as at Sept 30, 2015, LIA Singapore revealed in its announcement on Monday (Jan 4).
Oil prices jumped over 2 per cent in the first trading hours of 2016 on Monday (Jan 4) as relations between Middle Eastern rivals Saudi Arabia and Iran deteriorated following Riyadh's execution of a prominent Shi'ite Muslim cleric.
Sydney home prices fell for the second- consecutive month and recorded the worst quarter in four years as a regulatory crackdown pushed up mortgage rates and dented affordability amid record prices.
China's factory activity contracted for the 10th straight month in December, and at a sharper pace than in November, a private survey showed on Monday (Jan 4), dampening hopes that the world's second-largest economy will enter 2016 on steadier footing.
Prime Minister Shinzo Abe said on Monday jan 4) that Japan was exiting deflation and pledged that his government and the central bank would work together to completely defeat it.