Bloomberg

Singapore economy

Singapore Exchange hopes to list SPACs as early as this year

Singapore Exchange could list blank-check companies this year if it gets enough support from the industry.

Cryptocurrency

Bitcoin extends its rally to an all-time high close to US$50,000

Bitcoin reached another record, coming ever closer to US$50,000, as the largest cryptocurrency extends its breathtaking rally.
Winners and losers from Singapore’s Budget 2021 - THE EDGE SINGAPORE

Budget 2021

Winners and losers from Singapore’s Budget 2021

Straits Times Index, among Asia’s worst performing gauges last year, closed near the day’s low on Feb 16.

Broker's Calls

Banks, property stocks could be losers from Singapore’s Budget

Feb 16’s budget is set to focus on the pandemic-hit travel sector or firms with mandates in line with green or digital initiatives

Company in the news

Temasek's new chief is upbeat on long-term Chinese investments

Temasek was also an early investor in fintech giant Ant, whose record initial public offering was scrapped by regulators.

Cryptocurrency

Crypto comes to S&P 500 via Tesla’s US$1.5 bil Bitcoin bet

Tesla is one of the S&P 500’s biggest members with a weighting of almost 2%.
RHB expects Singapore's PMI to moderate in 1Q21; sees potential disruption in the semicon industry - THE EDGE SINGAPORE

Singapore economy

RHB expects Singapore's PMI to moderate in 1Q21; sees potential disruption in the semicon industry

The team at RHB have also maintained its GDP forecast for 2021 at 5.5% y-o-y from 2020’s -6.0% y-o-y.

Company in the news

Google co-founder Brin’s family office to open in Singapore

Sergey Brin is the world’s ninth richest person, with a net worth of US$86.5 billion.
Singapore property firms face setback as workers stay ay home - THE EDGE SINGAPORE

Property

Singapore property firms face setback as workers stay at home

Prime grade office rents in the Raffles Place and Marina Bay precincts shrank about 10% in 2020.

Company in the news

Sequoia, GIC invest in TPG’s Novotech at US$2.3 bil valuation

The Sydney-based firm has increased revenues by more than 30% a year under TPG’s ownership since 2017.
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