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 ...)