Daily Briefing: SIA transfers SilkAir planes to Scoot; GIC joins US$400m private placement of US transport startup

And the tender for the mixed-use Sengkang Central site closes with 7 bidders.

From Reuters:

Singapore Airlines (SIA) expects to transfer some jets from its SilkAir regional airline to budget carrier Scoot so that it can compete more effectively against low-cost rivals like AirAsia Group and Lion Group.

"The plan comes after the carrier announced last month it would absorb underperforming SilkAir into the parent brand after 2020 when a program to upgrade cabins at a cost of more than $100m (US$73.5m) gets under way.

Singapore Airlines has been undertaking a three-year transformation program designed to cut costs and boost revenue amid competition from Chinese and Middle Eastern rivals and low-cost carriers."

Read more here.

From Deal Street Asia:

GIC participated in a US$400m private placement round for smart transportation solutions company Verra Mobility, which is awaiting a public listing in the US.

"US-based Verra is set to be publicly listed upon an imminent merger with Gores Holdings II, a special purpose acquisition company sponsored by an affiliate of The Gores Group. According to the statement, the private placement was led by Alec Gores, Chairman and CEO of The Gores Group, and joined by other large institutional investors such as Hamilton Lane and Northwestern Mutual."

Read more here.

From iCompareLoan:

The Urban Redevelopment Authority (URA) closed the public tender for the commercial and residential site at Sengkang Central. The tender received seven bids, indicating "healthy competition."

"The site was launched for sale via the Concept and Price (C&P) revenue tender system on 28 December 2017. Under this system, only the envelopes containing concept proposals were opened today and URA received a total of 7 tender submissions.

URA said that it has received 7 bids for the Sengkang central site from tenderers like Cressida 1 Pte. Ltd. and Callisto 5 Pte. Ltd, Laguna Garden Limited and Far East Commercial Trustee Pte. Ltd. (in its capacity as Trustee-Manager of Far East Commercial Trust), and MCC Land (Singapore) Pte Ltd and Grantral Buangkok Properties Pte Ltd."

Read more here.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia