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ECONOMY | Staff Reporter, Singapore
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Daily Briefing: The rise of cryptocurrencies; Singaporeans still need visas for Australia

And here are two REITs that showed confusing results.

From ZUUonlineSG via Yahoo! Finance:

There has been a sharp appreciation in the market price of digital currencies in the recent past. Bitcoin currently trades well above US$7,000. It was about US$600 just a year ago. Similarly, ether, which was at the US$12 level, has climbed to above US$300 in the last 12 months.

The boom in cryptocurrencies has resulted in a spate of new initial coin offerings (ICO). An ICO is made to finance a new digital currency. Individuals can invest with fiat or digital currency and, in return, they will get cryptocoins or tokens. The motivation to invest is based on the hope that the cryptocoins will appreciate in value.

Read more here.

From MoneySmart:

This may come as a surprise since Australia is one of Singaporeans’ favourite destinations, but Singapore citizens actually do need a visa to visit Australia, along with every other nationality in the world except New Zealanders.

Thankfully, the visa application process is very quick and can be done electronically using the Australian Electronic Travel Authority (ETA) system.

You can usually get your visa in a matter of hours, although you are advised to apply for it at least 3 working days before your date of travel, and it enables you to enter Australia as many times as you like within a period of 12 months.

Read more here.

From The Motley Fool:

As is common with every earnings season, there will be some real estate investment trusts (REITs) posting growth, some REITs posting mixed numbers, and some REITs experiencing declines. For instance, Mapletree Commercial Trust (SGX: N2IU) and Frasers Centrepoint Trust (SGX: J69U) posted positive results. On the other side, Starhill Global Real Estate Investment Trust (SGX: P40U) and Cache Logistics Trust (SGX: K2LU) had weaker results.

Beyond the two groups, there is a third group that reported results that were neither strong nor weak. In other words, the results were mixed. We will look at two of these REITs today.

Read more here.

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