Prices of completed non-landed private homes are showing signs of stabilising after five straight months of decline but smaller units are still getting a beating. Values rose 0.1 per cent in October over September, after rising 0.3 per cent in September, according to flash estimates out on Monday (Nov 30) for the NUS Singapore Residential Price Index (SRPI).
The Scotts Group scored another major deal in the global business scene, as the Singapore-based fintech and real estate firm sold its shares in the Fintrax Group as part of a large acquisition. The deal will see The Scotts Group selling its minority shares in Fintrax Group alongside majority owner Exponent Private Equity to Eurazeo for a total of up to €585 million (S$875.10 million) by the end of this year.
At least a third of Singapore organisations lack confidence in their ability to detect cyber attacks, going by a recent survey on Monday. This is in line with the global figure, which stands at 36 per cent.
Real income grew strongly in 2015 due to the tight labour market, according to preliminary figures released by the Manpower Ministry (MOM) on Monday (Nov 30). After accounting for negative inflation, median income, including employer CPF contributions, rose by 5.4 per cent for full-time employed Singapore citizens and permanent residents, after a poor showing last year.
Zurich Life Singapore has announced that it will cease to accept new policy applications from Tuesday (Dec 1) as it makes its exit from the life insurance space here. The decision affects its life business in Singapore leaving Zurich's general insurance business unaffected.
Automakers are betting that Chinese families will embrace the mini-van, hoping the larger, unsexy sibling of the bestselling SUV will become the next big thing just as Beijing relaxes the one-child policy.
Bank of Japan governor Haruhiko Kuroda said on Monday (Nov 30) that the central bank will not hesitate to further ease monetary policy to achieve its two per cent inflation goal quickly, shrugging off calls to go slow in hitting the ambitious target.