SINGAPORE: Indonesian President Joko Widodo is visiting Singapore on Wednesday (Sep 6) and Thursday for the Singapore-Indonesia Leaders' Retreat with Prime Minister Lee Hsien Loong, the Prime Minister's Office (PMO) said in a media statement. President ... ( read original story ...)
Singapore lags its Asia Pacific peers in mobile wallet usage
Only 28% of Singaporeans used mobile wallets in 2016. Consumer use of a mobile wallet in Singapore has only reached 28% in 2016, the biennial Global Consumer Survey by ACI Worldwide revealed. In 2012 and 2014, only 23% of consumers used mobile wallets ... ( read original story ...)
American Real-Estate Firm Plans $500 Million Singapore IPO
SINGAPORE—KBS Realty Advisors LLC, an American real-estate investment firm, is planning to raise about $500 million via a Singapore initial public offering of some of its U.S. office assets, according to people familiar with the matter. The Newport Beach ... ( read original story ...)
Tech-loving Singaporeans still prefer to pay in cash
He pointed to China, where you can use a mobile-phone app to scan a barcode and buy chestnuts from a Shanghai roadside seller without any exchange of cash. “In Singapore, we too have e-payments, but we have too many different schemes and systems that do ... ( read original story ...)
South Africa’s ARC Investments’ IPO oversubscribed
ARC said last month it would sell shares worth 4 billion rand ($309 million) in an IPO that values the company at 8.5 billion rand, with about 25 percent sold to three cornerstone investors, including Singapore’s GIC Pte Ltd . The company, which said it ... ( read original story ...)
Singapore’s manufacturing PMI at its highest since Nov 2014
SINGAPORE: Singapore’s manufacturing PMI rose for the third straight month to 51.8 (+0.8 points) in August, and analysts at OCBC said this is the highest print since November 2014 and the 12th consecutive month in expansion territory (>50). “The ... ( read original story ...)
IE Singapore, SPRING to merge and form new agency
SINGAPORE: Government agencies International Enterprise (IE) Singapore and SPRING will merge and form a new agency to help companies grow and internationalise, the Ministry of Trade and Industry (MTI) said on Tuesday (Sep 5). The merged agency, named ... ( read original story ...)
Singapore developers ramp up landbanking activity
This comes as Singapore developers came out strong in the collective sales market and private land deals, even as foreign developers crowded them out in government sales of residential sites, the report said. SEE ALSO: Developers pay more for sites amid ... ( read original story ...)
For All Its Tech Savvy, Singapore Still Prefers Cash Over Digital Payments
Start your day with what's moving markets in Asia. Sign up here to receive our newsletter. In tech-savvy Singapore, where almost everyone has a smartphone, nine out of 10 people still prefer to pay for everyday transactions the old-fashioned way – with cash. ( read original story ...)
August’s IT Sector Gains Coincided with Strong Electronics PMI
SIPMM reported last night that Singapore’s electronics cluster’s PMI posted a reading of 53.2 in August, up from July’s reading of 52.2 and the highest recorded reading since November 2010. The largest capitalised stock of Singapore’s IT Sector ... ( read original story ...)
Commentary: Green buildings, Singapore’s natural ally for a greener future
The global fight against climate change is real, and Singapore, aptly nicknamed the Garden City, might just have the potential to combat it through technology and green building design. The clean and green environment that Singaporeans enjoy and are so ... ( read original story ...)
SWITCHing On Innovation
5, 2017) - No company or country has a monopoly on good ideas and technology. In today’s disruptive and globalized business climate, innovation is a key driver of growth and success. Switching up the innovation landscape in Singapore, SWITCH (Singapore ... ( read original story ...)
Singapore developers seek to top up their landbank
Some large Singapore developers, which are diversified across asset classes and markets, are sitting on small residential inventory compared to their smaller peers after years of derisking their residential portfolio in response to property cooling measures. ( read original story ...)
DBS gets RBInod to set up local subsidiary
Mumbai: The Singapore-headquartered DBS Bank has received an in-principle approval from the Reserve Bank of India (RBI) to convert its Indian branch into a wholly owned subsidiary. While this will enable the bank to freely expand across the country like ... ( read original story ...)
Mayor prepares to join Singapore Insights Delegation
Burdekin Shire Council Mayor Lyn McLaughlin will use a business delegation to Singapore this week to promote the Burdekin and to gain key insights into emerging opportunities for export and investment. The delegation of North Queensland community and ... ( read original story ...)
DBS wins approval to operate wholly-owned subsidiary in India
MUMBAI: Singapore's biggest lender DBS Group Holdings has won the Reserve Bank of India's approval to provide banking services in the country through a wholly-owned subsidiary, its CEO said on Monday (Sep 4). Piyush Gupta said the bank expects to move to ... ( read original story ...)