The acquisition is expected to increase Ascott REIT’s distribution income in the 2014 financial year by US$800,000 (S$1.08 million), it says.
Some banks say while having the appropriate certification will still remain relevant for certain roles, the emphasis has shifted towards having the right skills and experience.
Shares of SGX rose 4.5 per cent to S$8.18 apiece on Wednesday, following a 0.6 per cent rise on Tuesday.
Under proposed regulations, banks that book more than S$20 billion worth of derivatives contracts must clear through domestic or foreign Central Counterparties that are regulated by the Monetary Authority of Singapore.
A slowdown in rental growth could be a result of slower demand in the face of the uncertain global situation, says property consultant DTZ.
Singapore Diamond Investment Exchange will allow diamonds to be traded as an asset class at real-time transactional, wholesale prices starting September this year.
The improved payment performance comes on the back of a cyclical upturn in the wholesale trade sector and modest expansions in both construction and services sectors, says the Singapore Commercial Credit Bureau.
The drop in the Resale Price Index released by the Housing and Development Board (HDB) is the eighth consecutive quarter of decline, according to flash estimates.
Urban Redevelopment Authority flash estimates released on Jul 1 show a seventh straight quarter of price declines, with prices in all regions of Singapore falling.
The Monetary Authority of Singapore will introduce initiatives to boost skills and expertise across all levels in the financial sector.