DAILY NEWS

Daily News – 12 January 2016

Singapore Economy

Committee on the Future Economy can help Singapore firms stay ahead of the curve: Experts
Plans outlined by the Committee on the Future Economy (CFE) are expected to help Singapore businesses carve out niches for themselves. While Singapore firms face increasing competition, analysts have said there are also opportunities as the region becomes better integrated.
http://www.channelnewsasia.com/news/business/singapore/committee-on-the-future/2416560.html
http://www.todayonline.com/business/five-sub-committees-set-drive-singapores-development

Committee on the Future Economy announces 5 key areas of work
The newly-formed Committee on the Future Economy (CFE) announced five sub-committees to set the direction for Singapore’s future economic development after its first meeting on Monday (Jan 11). The areas the sub-committees will be working on are corporate capabilities and innovation, future growth industries and markets, connectivity, urban development and infrastructure, as well as jobs and skills.
http://www.channelnewsasia.com/news/singapore/committee-on-the-future/2415610.html
http://www.businesstimes.com.sg/government-economy/four-principles-to-guide-future-economy-panel

Singapore Real Estate

Property launches in 2015: Blowing hot and cold
http://www.businesstimes.com.sg/infographics/property-launches-in-2015-blowing-hot-and-cold

47% ramp-up in data centre supply set to dampen rents
A ramp-up in supply of data centres (DCs) in Singapore by a whopping 46.6 per cent of the total current stock by megawatt (MW) by the end of this year islandwide is expected to dampen rents in the near term. But Cushman & Wakefield expects rents to bottom out next year as a result of sustained demand from growing technology and network-content companies such as Facebook and Netflix, major banks and insurance companies.
http://www.businesstimes.com.sg/real-estate/47-ramp-up-in-data-centre-supply-set-to-dampen-rents
http://www.straitstimes.com/business/property/data-centres-shine-amid-property-gloom

Mortgagee auctions expected to rise
Among the properties making their auction appearance this month are an uncompleted factory in Kranji on a site with a balance lease term of about nine years, a couple of shop units in the basement of the freehold Ming Arcade along Cusacaden Road (both mortgagee sales) and a receiver sale of a two-storey detached house off Upper East Coast Road with seven bedrooms and an indicative price of S$9.5 million.
http://www.businesstimes.com.sg/real-estate/mortgagee-auctions-expected-to-rise

Companies’ Brief

Ascendas bond sale 1st SGD issue in 2016
Ascendas Pte Ltd sold a seven-year bond on Monday, the first public Singapore-dollar issue in 2016 offering a safe haven investment amid the turmoil in equity and currency markets. Orderbooks were in excess of S$300 million, allowing the final price guidance to tighten to 3.5 per cent, tweeted bondsupermart.com, a fixed income portal, early Monday evening.
http://www.businesstimes.com.sg/companies-markets/ascendas-bond-sale-1st-sgd-issue-in-2016

DP Architects names new chairman, CEO
DP Architects has announced key appointments in its senior management, which took effect from Jan 1, 2016. Francis Lee has been appointed chairman of DP Architects and the DP group of companies, taking over the reins from Chan Sui Him who has assumed a mentorship role as senior director.
http://www.businesstimes.com.sg/real-estate/dp-architects-names-new-chairman-ceo