SG Morning Highlights | OCBC Sets 4.05% Rate for S$450M Perpetual Securities Callable in 2029

Advancers / Decliners is 78 to 36, with 41.62 million securities worth S$50.46 million changing hands.

Facing a challenging high-risk environment, 37% of Singaporean businesses plan to bolster their insurance to manage risks, with cyber threats as a top concern for 25% of executives in 2023. The Beazley Singapore Snapshot Report shows a trend towards increased investment in cybersecurity, especially among small enterprises. Additionally, the post-pandemic focus on employer risks like staff mental health is growing, even as many companies feel underprepared to handle it. ESG regulations also pose a new challenge, with executives gearing up for compliance. Singapore stands out for its preparedness in tackling ESG risks compared to other countries.

In 2024, Singapore's HDB resale market is poised for growth as new, stricter homebuying regulations push homeowners towards resale flats, especially after the end of their 15-month wait-out period. Demand for larger HDB units may surge, particularly from private homeowners, amidst the new classification of flats that imposes tighter resale and rental rules. However, the overall impact on resale prices is expected to be moderate, with a predicted price increase of 3% to 5% and resale volumes ranging from 25,000 to 28,000 units for the year.