Singapore Real Estate / Built Environment
SingHaiyi JV tops 8 bids for Bayshore plot with S$1,388 psf ppr offer
A plum site right next to an MRT station near the eastern coastline of Singapore, combined with an upturn in sentiment at recent private housing launches, resulted in a confident turnout by developers and a record price of sorts at the latest state tender which closed on Tuesday (Mar 18).
https://www.businesstimes.com.sg/property/singhaiyi-jv-tops-8-bids-bayshore-plot-s1388-psf-ppr-offer
https://www.zaobao.com.sg/finance/singapore/story20250318-6036379
OCBC’s sustainable finance portfolio most aligned with Singapore’s taxonomy among local banks: MAS
OCBC’s sustainable financing portfolio is the most aligned with Singapore’s sustainable finance taxonomy among the three local banks, according to a Tuesday (Mar 18) report by the Monetary Authority of Singapore (MAS).
Singapore News
Safeguards needed for responsible use of defence innovations, says Ng Eng Hen at DSTA summit
More than 40 speakers from 14 countries are in Singapore for a summit to discuss the most pertinent challenges facing the global defence tech landscape. Organised by the Defence Science and Technology Agency (DSTA), the Singapore Defence Technology Summit (SDTS) 2025 is being held at the Shangri-La Singapore hotel from March 18 to March 20.
Singapore’s Employment Act review may include changes to leave entitlements, workers’ protection: observers
The upcoming review of the Employment Act could include higher statutory leave entitlements, raised salary thresholds for coverage, and clearer protections for employees affected by corporate restructuring, said observers.
Global Economy & Real Estate
US manufacturing output accelerates in February
https://www.businesstimes.com.sg/international/us-manufacturing-output-accelerates-february
US import prices increase solidly in February
https://www.businesstimes.com.sg/international/us-import-prices-increase-solidly-february
New US home construction rebounds after storm-ridden month
https://www.businesstimes.com.sg/property/new-us-home-construction-rebounds-after-storm-ridden-month
Trump’s trade war will deter interest rate cuts even as growth risks intensify
China banks cut consumer loan rates to record low to spur demand
Shanghai’s new plan to lure foreign tourists: mega-events and Peppa Pig
Germany’s Siemens to cut over 6,000 jobs worldwide
https://www.businesstimes.com.sg/international/global/siemens-cut-over-6000-jobs-worldwide
Hong Kong rolls out smoother entry policy for invited Asean professionals
BOJ set to keep interest rates steady as Trump risks cloud outlook
Japan’s exports expand in February on stockpiling amid tariff fears
Japan’s land prices rise at strongest pace in 34 years
https://www.businesstimes.com.sg/property/japans-land-prices-rise-strongest-pace-34-years
https://www.channelnewsasia.com/business/japans-land-prices-rise-strongest-pace-34-years-5007576
Morgan Stanley plans about 2,000 job cuts to keep a lid on costs
UK pay rises fall back in line with inflation: Brightmine
https://www.businesstimes.com.sg/international/uk-pay-rises-fall-back-line-inflation-brightmine
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