Capital Market

New REIT ETF Took Off from SGX

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A new ETF, REIT ETF took off today. Nikko AM – Straits Trading ex Japan REIT ETF started its trading on the Singapore Exchange (SGX) today. The security, which was priced at SGD1.00 during its initial offer period, opened slightly higher at SGD1.02 at the start of official trading on the bourse.   The ETF, which tracks […]

Economy

Price Index of Private Apartments in Singapore Unchanged in January

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Index tracking prices of non-landed private apartments in Singapore were overall unchanged in January,  as resale prices of completed private homes in central region’s slight increase offset by the drop of those in the non-central region, flash estimates from the NUS Singapore Residential Price Index (SRPI) showed. ​ Prices of homes in the central region, excluding small units, climbed 0.7% […]

Economy

Singapore Economy Expanded 2% in 2016, Forecasts 1-3% for 2017

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Singapore economy expanded 2.0% in 2016, the trade and industry ministry(MTI) said. The MTI has maintained the GDP growth forecast at “1.0 to 3.0%” for 2017. The 2% economic growth was mostly driven by the last quarter growth which expanded 2.9% year-on-year. On seasonally-adjusted annualised basis, the Q4 GDP expanded by 12.3% from the Q3, reversing the contraction of 0.4% in […]

Capital Market

SGX Names New Chairman

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The Directors of Singapore Exchange (SGX) names Mr Kwa Chong Seng to succeed Mr Chew Choon Seng as Chairman of the Board. Chew will be retiring at the conclusion of SGX’s Annual General Meeting on 22 September 2016, and will not be standing for re-election. He joined the Board in December 2004 and has been the […]