Commercial Property Residential Property , Singapore Source: Laura Tancredi (Pexels) Total investment sales amounted to S$4.2b during the first quarter. Investment deals slowed in the first quarter of 2023 with total investment sales amounting to S$4.2b, a 61% year-on-year drop, Knight Frank reported.  This is the lowest quarterly total since the second quarter of 2020, when Singapore was placed under the circuit breaker. Residential deals over the quarter amounted to S$1.

https://sbr.com.sg/commercial-property/news/singapore-sees-slowest-quarter-in-total-investment-deals-2020

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Photo by bady abbas on Unsplash One sector is healthcare. In the last three months, there has been an increasing demand for professionals in the healthcare sector and the hospitality and tourism field,  job portal Indeed has found. Since May, job postings for physicians and surgeons have increased 52.6%, whilst those looking for nurses rose by 11.7%.  Meanwhile, postings in the hospitality and tourism sector are up by 16.1% over the past three months.  Other sectors that have seen a rise in hiring are insurance (+13.

https://sbr.com.sg/hr-education/in-focus/looking-job-here-are-sectors-seeing-increasing-demand-workers

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, Singapore The analyst expects retail sales post full-year growth of 8.5%. There will be several major events in the market that are expected to increase the full-year growth of retail sales and support domestic retailers, analyst, UOB, said.  Upcoming major events are F1 night race, concerts, and business travel and meetings, incentive travel, conventions and exhibitions that will attract tourist arrivals. 'The low base effect is likely to continue to uplift retail sales growth prints in the coming months,' said UOB.

https://sbr.com.sg/retail/news/upcoming-major-events-drive-retail-sales-uob

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, Singapore Photo by Joshua Tsu on UnsplashAmongst these activities include use of air conditioners, which rose 21% in 2022.Whilst more Singaporeans (47%) are expressing a desire to live a sustainable life for a greener future, the majority of them are still not embracing many sustainable behaviours, the OCBC Climate Index has found.According to the second edition of the index, Singaporeans are doing "more in top emissions-heavy activities," compared to 2021.In transport, for example, there had been a rise in air travel (55% in 2022 vs 44% in 2021).

https://sbr.com.sg/in-focus/more-singaporeans-want-greener-future-are-doing-more-emissions-heavy-activities

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, Singapore Photo by Pixabay from Pexels. Yangzijiang Shipbuilding was the top active stock with a 7.81% increase. The Straits Times Index rose by 1.74%, closing at 3,228.33 on 11 November 2022, Friday. Yangzijiang Shipbuilding was the top stock after posting a 7.81% increase, followed by CapitaLand Integrated Commercial Trust which was up by 7.37%, and Mapletree Logistics Trust which grew by 6.62%. At the bottom was Jardine Cycle & Carriage with a 2.76% decline, followed by Jardine Matheson which was down by 0.

https://sbr.com.sg/markets-investing/news/daily-markets-briefing-sti-174-yangzijiang-shipbuilding-top-stock

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, Singapore /Unsplash A survey showed that investors are down weighting on industrials. Investors are 'down weighting' their interest in industrials and manufacturing amidst supply chain challenges, a 2022 Gallagher survey showed. Global brokerage and consultancy firm, Gallagher, said the investors are shrinking their investment to a tune of 75%. 'As a financial hub for the wider Southeast Asia region, and a powerhouse of production, this an interesting response from Singapore-based private equity firms,' read the report.

https://sbr.com.sg/economy/news/investment-in-manufacturing-and-industrial-firms-shrinking

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The economy eased by 4.1% in the third quarter of 2022. When the global economy suffered from energy crunch and strict lockdowns, Singapore's economy was also affected as its growth eased by 4.1% year-on-year (YoY) in the third quarter (Q3) of 2022. Amongst the sectors that posted a slower pace of growth was the manufacturing sector, which expanded 0.8% YoY in Q3 2022 from 5.6% growth last quarter. 'Growth during the quarter was supported by output expansions in the transport engineering, general manufacturing and precision engineering clusters, which outweighed output declines in the electronics, chemicals and biomedical manufacturing clusters,' said the Ministry of Trade and Industry (MTI).

https://sbr.com.sg/economy/news/how-industries-performed-singapore-economy-eases

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, Singapore Photo by Pixabay from Pexels. It accounts for 41.4% of the e-commerce market. This chart from GlobalData showed that payment through cards are widely used in Singapore in 2022, accounting for the highest share of 41.4% in the total e-commerce market value. Payment cards are followed by alternative payment solutions such as Apple Pay, PayPal and GrabPay at 37.9% up from 30.6% in the previous year. Bank transfers are also still used due to convenience and secured methods but their share was down to 15% from 18.

https://sbr.com.sg/financial-services/news/chart-day-cards-are-top-payment-method-in-e-commerce

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, Singapore However, there is a gap between the experience of senior leaders and their teams. Workers in Singapore are 4.1 times likely to stay at work for longer and are four times more likely to 'go above and beyond' if their expectations are met, according to a report by Qualtrics. However, Qualtrics said there is a gap between the employee experiences of senior and executive leaders compared with the middle-managers and junior employees, as the senior leaders' expectations are being met more, contributing to the talent retention woes.

https://sbr.com.sg/hr-education/in-focus/employees-are-41-times-more-likely-stay-if-their-expectations-are-met-qualtrics

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, Singapore /Unsplash The most significant growth in job postings has been for research fellows. The count of searches for AI jobs surged by 148.6% between March 2018 and March 2023, job portal, Indeed, said. Amongst the most significant growth in job postings over the last five years has been for research fellows, with an increase of 58.81%. This is followed by machine learning engineers (18.74%), data scientists (13.06%), and Software Engineers (5.11%).  'The job market has responded to the boom in interest in AI-related career prospects, as indicated by a 95% increase in job postings on Indeed's site during the same time period,' read the statement.

https://sbr.com.sg/information-technology/in-focus/number-searches-jobs-linked-ai-jumped-1486

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, Singapore Chart from Heidrick & Struggles Some, however, said it will be about the same. More than three in 10 (34%) investment professionals in Singapore believe that the private capital market will be 'somewhat worse' in 2023, data from Heidrick & Struggles showed. Some 7% even said it will be much worse this year. There are still investment professionals, however, who believe that the market will be somewhat better (32%). 'Survey respondents overall suggest somewhat neutral market sentiment in most markets across the [Asia Pacific] region—about the same numbers of respondents in each market report they feel somewhat worse as those who report they feel somewhat better,' Heidrick & Struggles commented.

https://sbr.com.sg/markets/news/34-investment-professionals-in-sg-expect-private-capital-market-worsen

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, Singapore Photo by Tim Gouw on UnsplashThe sentiment was stronger in employees aged 25 to 34 than those aged 45 to 54.Almost half (41%) of employees in Singapore said they would rather be unemployed than work a job that makes them unhappy, a survey by Randstad revealed.This sentiment was stronger in employees aged 25 to 34 (57%) than those aged 45 to 54.'Mature workers may have higher financial responsibilities, a more established career, and are thus less likely to risk their job security to change employers,' Jaya Dass, Managing Director at Randstad Singapore and Malaysia, said.

https://sbr.com.sg/hr-education/in-focus/41-employees-would-rather-be-unemployed-be-unhappy-their-jobs

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, Singapore /Unsplash It includes location, asset management and sustainability focus. Industrial REITs are acquiring overseas assets due to Singapore's shorter industrial and lease tenure, which poses preservation of building value due to lease decay, said RHB. In its brokerage report, RHB said the 'mitigation factor to address these challenges is the strong favourable policy regime and the government's foresight in planning and support that has ensured a steady stream of pipeline demand over the years, with supply being moderated accordingly.

https://sbr.com.sg/commercial-property/news/analyst-cites-factors-boost-industrial-reits-value

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, Singapore It will also be supported by oil prices. The rig market continued to flourish in 2022, backed by higher utilisation and day rates, UOBKayHian said. The analyst noted that both of Singapore's shipyards won large bids of oil rigs in the second half of 2022, which will be expected to increase in 2023. It added that the growth of orders will also be underpinned by oil prices supported above $US100 in the near to medium term. It maintained the offshore marine rating to overweight.

https://sbr.com.sg/energy-offshore/news/more-large-rig-orders-sg-shipyards-expected-next-year

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, Singapore Jardine Matheson dominated the index. The Straits Times Index closed at 3,245.82, down 0.82% on 21 November 2022, Monday. Jardine Matheson led the stock exchange with 1.58%, followed by Yangzijiang Shipbuilding, and Jardine Cycle & Carriage. Frasers Logistics and Commercial Trust was at 3.51% down, making it the lowest stock of the day. Join Singapore Business Review community ...there are many ways you can work with us to advertise your company and connect to your customers.

https://sbr.com.sg/stocks/news/daily-markets-briefing-sti-down-081-jardine-matheson-leading

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, Singapore Source: Jeda Hutchison (Pexels) In Singapore, the premium stands between 4%-6%, JLL reported.  Singapore commands a rental premium of 4%-6% for companies that seek to rent spaces in green certified offices, JLL reported.  In its report, The Value of Sustainability: Evidence for a Green Premium in Asia, JLL found that occupiers in 11 key cities in Asia could pay a premium of up to 28% for green spaces.  'The evidence that resilient and sustainable buildings in Asia enjoy a distinct occupancy and rental premium, against their non-certified contemporaries, is now irrefutable,' Kamya Miglani, Head of ESG Research, Asia Pacific, JLL, said.

https://sbr.com.sg/commercial-property/news/how-much-firms-are-charged-rent-green-spaces

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, Singapore Source: Pixabay (Pexels) The Yangzijiang Shipbuilding is the top stock.  The Straits Times Index closed at 3,290.49, up 0.43% on Wednesday, 30 November 2022. At the top are Yangzijiang Shipbuilding, which was up 2.88%, Jardine Cycle & Carriage and DFI Retail Group, which climbed by 2.83% and 2.81%, respectively.  Stocks at the bottom are ST Engineering, which declined 1.72%, and Mapletree Industrial Trust, which dropped 1.33%.  Join Singapore Business Review community .

https://sbr.com.sg/markets-investing/news/daily-markets-briefing-sti-043-yangzijiang-shipbuilding-leads-index

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, Singapore Photo by Pixabay from Pexels. Hongkong Land was the top stock with a 2.62% growth. The Straits Times Index was down by 0.83%, closing at 3,225.45 on 7 December 2022, Wednesday. Hongkong Land was the top stock after posting a 2.62% increase, followed by DFI Retail Group with a 2.55% growth, and Emperador which rose by 1.03%. At the bottom was CapitaLand Investment which dipped by 3.80%, followed by SATS which was down by 2.72%, and City Developments which decreased by 2.06%. Join Singapore Business Review community .

https://sbr.com.sg/markets-investing/news/daily-markets-briefing-sti-declines-083-hongkong-land-most-active-stock

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, Singapore This is coming from a 4.6% median salary increase in 2022. This chart from global professional services firm AON showed that the median salary increase in Singapore is expected to increase by 4.7% in 2023, slightly higher than the 4.6% increase in 2022. Across Southeast Asia, Singapore's media salary increase is the lowest. Salary in Vietnam is expected to increase the most by 7.9% on average across industries, followed by Indonesia (6.8%), the Philippines (6%), and Malaysia and Thailand which are both at 5.

https://sbr.com.sg/hr-education/news/chart-day-salary-in-singapore-expected-rise-47-in-2023

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, Singapore Photo by Pixabay from Pexels. Yangzijiang was the top active stock with a 6.14% increase. The Straits Times Index inched down by 0.10 percentage points or 0%, closing at 3,022.70 on 20 October 2022, Thursday. Yangzijiang Shipbuilding was the top stock, increasing by 6.14%, followed by Mapletree Pan Asia Commercial Trust which grew by 3.13%, and Genting Singapore which rose by 1.94%. At the bottom was Jardine C&C which declined by 2.44%, followed by ST Engineering which was down by 1.

https://sbr.com.sg/markets-investing/news/daily-markets-briefing-sti-down-302270-yangzijiang-shipbuilding-top-stock

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, Singapore Photo by Paul Hanaoka on Unsplash Over a quarter of Singaporeans purchase online via mobile phone. More than half of Singaporeans (61%) aged 16 to 64 purchase something online every week, according to a survey by Meltwater and We Are Social. Of those buying online each week, 35.3% use a mobile phone in purchasing. Singaporeans (57.9%) also use mobile phones to make at least one of their purchases each week. According to the survey, Singapore's average full-year 2022 online revenue per consumer goods e-commerce user is US$1,828.

https://sbr.com.sg/retail/in-focus/6-in-10-internet-users-something-online-each-week-survey

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, Singapore They believe having the right data will help them make better decisions. About 84% of business leaders in Singapore claimed that they suffered from decision distress where they regret or felt guilty about a decision they made, with 95% saying they want to leverage their decisions on data. In a report, Oracle and author Seth Stephens-Davidowitz found that business leaders perceive that data will help them make better and faster decisions, reduce risk, more money and plan for the unexpected.

https://sbr.com.sg/hr-education/in-focus/around-8-in-10-business-leaders-face-decision-distress-report

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, Singapore Photo by Will Truettner on UnsplashOne sector expects its operating receipts to increase by 55%.Most business sectors in Singapore believe their operations and revenue will be better in July, August, and September, data from the Department of Statistics (Singstat) showed.Amongst businesses, those in the accommodation industry were the most upbeat about Q3 earnings, expecting a 55% jump in their operating receipts.Singstat said the more positive outlook is likely because of the resumption of global travel and an increase in tourist arrivals.

https://sbr.com.sg/node/514527593

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, Singapore Photo by Alesia Kazantceva on UnsplashCompared to H221, the H122 figure represents a 15.7% decline.With only 145 units sold, strata office transaction value shrank by 15.7% to $365.1m in H122 when compared to H2 21, data from Knight Frank showed.Comparing the H122 figure to the same period last year when $703.5m was registered, the transaction value was almost halved.According to Knight Frank, the slowdown in sales activity in the market was likely due to the shrinking saleable stock of strata offices.

https://sbr.com.sg/commercial-property/news/strata-office-transaction-value-shrinks-3651m-in-h122

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[INTRO] Safe Space™ ​ Safe Space CEO Antoinette Patterson Founder/s: Antoinette Patterson & Lynette Seow Total Funding: $700,000 Founding Year: 2017 Safe Space is a B2B2C digital platform that connects clients to clinical therapists in real-time. The startup offers mental health services remotely whilst keeping prices affordable due to lower overheads. In a span of a year, the startup was able to grow its therapist base by 583%.  It was also able to post a 416% client growth within 10 months.

https://sbr.com.sg/exclusive/20-hottest-startups-2023

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, Singapore Photo by Gift Habeshaw on Unsplash Singaporeans feel uncomfortable sharing about mental wellness with their officemates. Singaporeans feel the least psychologically safe amongst employees in Southeast Asia (SEA), a survey by consumer research firm Milieu Insight found. Milieu Insight defined the term "psychological safety" as a "shared belief that the team is safe for interpersonal risk-taking." According to the firm's "Mental health At the Workplace" study, 62% of Singaporeans are uncomfortable sharing about mental wellness or periods when their mental health was affected by stressors in life with their supervisors, managers, and other relevant staff.

https://sbr.com.sg/hr-education/in-focus/6-in-10-employees-feel-psychologically-unsafe-in-their-workplace

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, Singapore Photo from Logitech and Milieu An expert said there's an increasing number of content creators in Singapore. About one in two Singaporeans (49%) expressed interest in buying audio and video technology used for content creation , a study by Logitech and Milieu Insight has found. According to the research, those interested in content creation technology look for more information about it on YouTube (83%) and Facebook (65%). 'In Singapore, we're seeing an increase in the number of creators breaking into the streaming market, which is heartening to see.

https://sbr.com.sg/news/chart-day-1-in-2-singaporeans-plan-purchase-tech-content-creation

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, Singapore Photo by Guo Xin Goh on Unsplash UOB expects the budget to focus on navigating Singapore through an uncertain year. Singapore's 2023 budget will likely include seven measures that will help Singapore navigate through an uncertain year, according to analyst UOB. Amongst these measures include short-term support measures for services industries relating to manpower. UOB said there would likely be 'a temporary increase of the dependency ratio ceiling (DRC), and more incentives to attract locals to these industries.

https://sbr.com.sg/economy/in-focus/7-measures-analysts-are-expecting-budget-2023

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, Singapore Rising inflation is one of the two most important concerns for Singaporeans. This chart from Blackbox shows the extent how which Singaporeans are feeling the impact of inflation and price increases in several areas. The chart shows that the impact is felt the most in petrol prices, utility prices, and at the supermarkets. 91% of surveyed Singaporeans said that inflation is having an impact on them personally, with 37% saying it has a significant impact. 55% have stated that the government handled inflation badly.

https://sbr.com.sg/economy/news/chart-day-91-sporeans-say-inflation-getting-personal

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, Singapore Photo by Lily Banse on Unsplash About 84% of them are worried about finances post-retirement. About 48% of Singaporeans have low confidence in retiring comfortably, a survey by Etiqa Insurance found. The low confidence stems from their worries about finances and health post-retirement, the study stated. Findings showed that 84% of Singaporeans want to be financially independent, whilst 73% want to be physically independent post-retirement.  Singaporeans also feel that their retirement won't be as comfortable as they expect it to be due to fears of failing health (42%) and running out of funds (23%).

https://sbr.com.sg/insurance/in-focus/almost-half-singaporeans-believe-they-wont-be-able-retire-comfortably

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