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MARKETS & INVESTING, RESIDENTIAL PROPERTY, TELECOM & INTERNET | Staff Reporter, Singapore
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Daily Briefing: StarHub bets on data sales; Temasek assets jump to record $199b

And will Airbnb soon be legal in Singapore?

From Bloomberg via Yahoo!: Temasek Holdings Pte’s one-year return rebounded on rallying stocks even as the Singapore state investment firm expressed caution on the global outlook. The value of Temasek’s portfolio gained 13 percent to a record S$275 billion ($199 billion) as of March 31, the firm said on Tuesday. That’s a reversal from a 9 percent slide that was its worst performance since the global financial crisis.

From Shares Investment via Yahoo!: StarHub Ltd (SGX: CC3), facing the biggest shake-up in Singapore’s phone industry since it started almost two decades ago, is seeking growth beyond the consumer market. Its strategy: providing more data analytics to corporate clients. Once an upstart third entrant, the city-state’s No. 2 telecommunications company is grappling with the emergence of a fourth mobile network operator, TPG Telecom Ltd.

From MoneySmart via Yahoo!: Short-term rentals in Singapore are officially illegal. But on the bright side, “short-term” just got shorter. The minimum rental period for private homes has just been cut from 6 months to 3 months. That means that, technically speaking, if you manage to find someone who’s willing to rent your condo on Airbnb for 3 months straight, you can legally take them on as a tenant.

 

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