DAILY NEWS

Daily News – 12th Jun 2018

Singapore Economy

Singapore’s Q3 job outlook brightest in 3 years
The local employment outlook for the next three months is the brightest in nearly three years, according to ManpowerGroup. Of the 670 Singapore employers that the US-based recruitment firm polled, 17 per cent plan to hire while 5 per cent intend to cut staff, yielding a net employment outlook of 12 per cent, after adjusting for seasonal variations. This is the highest since the fourth quarter of 2015.
https://www.businesstimes.com.sg/government-economy/singapores-q3-job-outlook-brightest-in-3-years

Singapore Real Estate

Great Eastern, NTUC Income sign up at PLQ
Homegrown insurance bigwigs Great Eastern and NTUC Income have leased office space at Paya Lebar Quarter (PLQ). BT understands that Great Eastern, a listed subsidiary of OCBC, has leased about 125,000 sq ft on four floors of the 13-storey Tower 3 in the project.
https://www.businesstimes.com.sg/real-estate/great-eastern-ntuc-income-sign-up-at-plq

Companies’ Brief

Imperium Crown incorporates China subsidiary
Catalist-listed Imperium Crown has incorporated a subsidiary in China to lead the group’s property development and property investment segments, the real estate firm announced in a regulatory filing on Monday night. As its first project, the new subsidiary Fei County Yin Sheng Real Estate will develop two plots of land previously acquired in Wonder Stone Park, a tourist destination in Feixian county in Shangdong province. Imperium Crown said it would continuously review the property market for future opportunities.
https://www.businesstimes.com.sg/companies-markets/imperium-crown-incorporates-china-subsidiary

Oxley units in Cyprus merge
Mainboard-listed Oxley Holdings’ subsidiaries in Cyprus have merged, the company said in an announcement on Monday. Oxley Planetvision Properties, the group’s 50 per cent owned joint venture company, has absorbed Jemina Properties and Flitous Properties, with Oxley Planetvision as the surviving entity.
https://www.businesstimes.com.sg/companies-markets/oxley-units-in-cyprus-merge
https://www.straitstimes.com/business/companies-markets/oxley-units-in-cyprus-merge