Singapore's sovereign-wealth fund GIC and a local joint venture partner have agreed to acquire private equity-backed business National Lifestyle Villages, according to sources. A deal is understood to have been struck between GIC and its partner Tasman ... ( read original story ...)
Singapore’s construction costs are the 4th highest in Asia
The public sector is expected to boost demand and drive costs between -1% to +2%. Singapore is now the fourth most expensive city in Asia to build in, design and consultancy firm Arcadis revealed. It follows Hong Kong, Macau and Tokyo in Asia, and ranks ... ( read original story ...)
Stop Hong Kong’s shipping industry exodus to Singapore by spending reserves on loans and cutting profits tax, advisers say
“In the past 20 years the majority of owners have left for Singapore. Following them are shipping finance institutes, trading desks and brokers,” Chao said. “Altogether, these people have shifted the industry’s centre of gravity from Hong Kong to ... ( read original story ...)
Meralco, First Pacific weighing options for Singapore power plant
METRO PACIFIC Investments Corp. Chief Finance Officer David J. Nicol said the group is assessing options for a liquefied natural gas (LNG) power plant owned by its unit Manila Electric Co. (Meralco) and parent First Pacific Ltd. in Singapore, where a ... ( read original story ...)
Singapore April all-items CPI up 0.1 percent year on year, lower than expected
SINGAPORE (Reuters) - Singapore’s headline consumer price index (CPI) rose lower than expected in April from a year earlier, data showed on Wednesday. Singapore’s all-items CPI edged down to 0.1 percent, from 0.2 percent in March. The median forecast ... ( read original story ...)
Kim Jong Un is said to be worried about North Korea falling to a military coup while he’s rubbing shoulders with Trump in Singapore
North Korean leader Kim Jong Un is reportedly anxious about a planned summit with President Donald Trump set to take place in Singapore next month. Kim is said to be worried about a military coup or other hostile actors who might try to depose him while he ... ( read original story ...)
Fallen Singapore High-Flyer Gets Court Protection to Reorganize
Bloomberg News earlier reported that the group was planning to seek ... “For homegrown successes like Hyflux whose business continues to be relevant for Singapore’s future economy, the enhanced restructuring regime is conducive to pursuing a swift ... ( read original story ...)
How DBS aimed to change consumers’ behaviour towards going cashless
But in Singapore, many still prefer making purchases and payments in cash. This is a habit POSB aimed to change. However, habitual change doesn’t happen overnight. For customers to switch from using cash to going cashless, they must first understand the ... ( read original story ...)
Broome looks to Asia and beyond for tourist boost with direct flights to Singapore
The far-flung pearling town of Broome has become Australia's new gateway to Asia with the start of direct flights to Singapore. Four hours after leaving Southeast Asia's bustling hub, about 80 tourists landed on the edge of some of the most isolated ... ( read original story ...)
Fallen Singapore High-Flyer Seeks Court Protection for Debt
Hyflux Ltd., the Singapore water treatment firm, has suspended trading of its shares and related securities and started a court-supervised reorganization process, the company said in a statement late Tuesday. The move will provide the company with room to ... ( read original story ...)
Smart technology key to zero waste economy: Masagos
Smart technology will be the key to achieving Singapore's goal of becoming a "zero waste" society by 2030, and create new jobs in the process, Mr Masagos Zulkifli, Minister for the Environment and Water Resources, said yesterday. In his first Facebook Live ... ( read original story ...)
Singapore: DBS Group Holdings Ltd (DBSM:SI) Stock Consolidating
Overall, the bias in prices is: Upwards. The projected upper bound is: 30.38. The projected lower bound is: 28.04. The projected closing price is: 29.21. A black body occurred (because prices closed lower than they opened). During the past 10 bars, there ... ( read original story ...)
Over $40 million of fuel stolen from Shell refinery, Singapore court docs show
SINGAPORE, May 22 (Reuters) - Singapore authorities have levied new charges against a group of fuel thieves operating at Royal Dutch Shell’s oil refinery in the city-state, raising the value of the stolen fuel to over $40 million from around $10 million ... ( read original story ...)
Fallen Singapore High-Flyer Eyes Court Protection for Debt Talks
(Bloomberg) -- Hyflux Ltd., the Singapore water treatment firm, is considering seeking a form of court protection to facilitate negotiations with creditors, people with knowledge of the matter said. Load Error The company is considering asking the ... ( read original story ...)
A Brutal(ist) future: Take a peek inside Pearl Bank Apartments, before it gets demolished
Photography: Hubab Hood Love it or hate it, Brutalist architecture may not be for everyone but we’re preparing to see yet another iconic building in Singapore get demolished soon. Say your farewells to Pearl Bank Apartments. If you bring up the names of ... ( read original story ...)
Maids can opt for POSB accounts when seeking work permits
Starting Sept 1, maids applying for Singapore work permits can opt to set up their POSB bank accounts as well. No minimum sum is required. The bank card that they will receive after they arrive can also be used as an ez-link card. It is also a membership ... ( read original story ...)