ECONOMY | Staff Reporter, Singapore

Daily Briefing: SGX's cheapest stocks right now; Former National Aerated Water Company to be conserved

And here's what you need to know about Singapore's new cashless platforms.

From The Motley Fool:

Having said that, net-net stocks are usually businesses that are in serious trouble and have terrible business fundamentals. This means that investors who invest in these companies are also at risk of losing their capital if things continue going south.

That is one key reason why diversification is critical when investing in net-net stocks. The father of value investing, Benjamin Graham, who liked to invest in net-net stocks, tried to mitigate risks by diversifying widely amongst net-net stocks.

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From PropertyGuru:

In recognition of its heritage value and role as a landmark within the area, the main building of the former National Aerated Water Factory will be gazetted for conservation, announced the Urban Redevelopment Authority (URA) on 15 December.

Selangor Dredging Berhad (SDB), the building owner, is supportive of the conservation efforts and is closely working with URA in keeping the building as part of Singapore’s national history.

SDB managing director Teh Lip Kim said the Art Deco Style building is set to be transformed into a “unique and lively commercial area located next to a park connector, adjacent to the Kallang River”.

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From ZUU Online via Yahoo! Finance:

In his National Day Rally speech on Aug 20, 2017, Prime Minister Lee Hsien Loong highlighted Singaporean’s highly connected lifestyle and digital literacy against their unwillingness to go digital when it comes to payment.

This is all boiled down to the many different payment schemes and systems available which creates confusion, hence he made a call to the industry to “simplify and integrate” in a bid to move into a cashless society as we move into a SMART NATION.

So, what exactly are these PayNow, DBS PayLah!, OCBC Pay Anyone, etc. and what are their differences? Let us break it down for you.

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