Bizview: Today's top business news

Singapore still tops for doing business: World Bank

Singapore remains the easiest place to do business, while developing countries stepped up their pace of business-friendly reforms in the past year, according to a World Bank report published on Tuesday (Oct 27).

Completed condo prices inch up 0.1% in September

Prices of completed non-landed private homes in Singapore edged up 0.1 per cent in September from the previous month, the National University of Singapore's flash estimate for its overall Singapore Residential Price Index (SRPI) released on Wednesday (Oct 28) showed.

Singapore dollar to drop 2% by year-end on MAS easing, analysts say

The Singapore currency will weaken about 2 per cent versus the US dollar by the end of the year after the Monetary Authority of Singapore (MAS) "slightly" reduced the pace of its gains versus those of its trading partners this month, according to a survey of analysts by Bloomberg News.

SingPost Centre to turn into Singapore's first retail mall to offer online shopping

Singapore Post Centre (SPC) will be redeveloped into the first retail mall here to combine brick-and-mortar shops and online shopping - all under one roof. The new mall will revolutionise retail concepts for consumers and retailers alike, Singapore Post announced on Wednesday (Oct 28).

Singapore is top Asian property buyer in the US, UK and Australia, surpassing China

Singapore tops the list of Asian investors in the property sector in the United States, the UK and Australia. China investors have been the second-largest in the three countries over the last two years, according to property consultancy Knight Frank in its "Global Cities: The 2016 Report".

Temasek unit, Osim founder said to join in IPO of chilli crab king Jumbo

Jumbo Group, which runs chilli crab restaurants in Singapore, attracted an arm of Temasek Holdings and Roy Sim, the founder of massage chair maker Osim, as cornerstone investors for its initial public offering (IPO), people with knowledge of the matter said.

Degussa Goldhandel opens first Asian branch in Singapore

Degussa Goldhandel, one of the world's largest bullion dealers, has opened its first Asian branch in Singapore. The 3,000 sq ft boutique, which sits in Orchard Road, offers a range of physical bullion products.

Singapore consumers less upbeat, more are scaling back their spending plans, survey finds

Consumers have become less optimistic about their personal finances and have scaled back plans to buy big-ticket household items, a survey found. The ANZ-Roy Morgan Singapore Consumer Confidence Index slipped 4.6 points to 125.0 in October from September.

Olam secures US$1b in funding

Agri-business Olam International has secured a revolving credit and term loan facility amounting to about US$1 billion (S$1.4 billion). The Temasek-backed firm announced early on Wednesday morning (Oct 28) that the new loans will be used to refinance debt and help meet its working capital and general corporate funding needs.

Oxley's retail bond placement is 4 times subscribed

Mainboard-listed property developer Oxley Holdings said on Wednesday (Oct 28) that its maiden offering of four-year 5 per cent retail bonds to private banking, institutional and other investors has been oversubscribed with a subscription rate of approximately four times.

Future Economy committee to be set up by December and report year later: Heng Swee Keat

The Future Economy Committee chaired by Finance Minister Heng Swee Keat will be formed by early December and will charter a shift in the economy from value-adding to innovation and value creation, said the minister on Wednesday (Oct 28).

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