SG Morning Highlights | Mandatory Climate Disclosures Proposed for All Listcos From FY2025

Advancers / Decliners is 47 to 87, with 69.76 million securities worth S$112.76 million changing hands.

Housing and Development Board (HDB) resale prices continued to inch up in June by 0.6 per cent compared with the previous month, while transaction volume dived 17.8 per cent.

Year on year, overall HDB resale prices were 7.3 per cent higher for the month of June, flash data from real estate portal SRX and property agency 99.co showed on Thursday (Jul 6).

In June, some 1,858 resale flats changed hands, compared with 2,260 in the previous month. While June is a typically quiet sales month with the school holiday season taking most families out of the country, sales were also lower year on year, by about 13 per cent compared to June 2022.

Single family offices (SFOs) that have applied for and have been awarded tax incentives in Singapore employ about 1,400 Singaporeans and permanent residents (PRs), about two-thirds of whom are paid more than S$5,000 per month, Senior Minister Tharman Shanmugaratnam said on Thursday (Jul 6).

In a written parliamentary reply, he said the Monetary Authority of Singapore (MAS) does not have data on all SFOs in Singapore, since they do not need to be licensed by the authority. This is because they do not manage third-party assets.

Singapore could become the first country in Asia to roll out mandatory climate-related disclosures on non-listed companies, as its business regulators mull imposing this requirement on large entities from their financial years starting on or after Jan 1, 2027.

The JVCo PuXin Pain Technology Hospital Management Company will be introducing pain care services in Puxiang Healthcare's group of 15 community hospitals in the Chinese cities of Beijing, Hebei and Tianjin.