Daily Briefing: Singdollar headed for worst quarter since 2011; Startup Evernote to shut down Singapore office

And take a look at Facebook's new Singapore HQ.

Singapore’s dollar is headed for its worst quarterly performance in four years amid speculation the central bank will ease policy as soon as next month to shore up growth. The currency has tumbled 5.5 percent against its U.S. counterpart since the end of June as China unexpectedly devalued the yuan and the Malaysian ringgit tumbled to the weakest level since 1998. Read more here.

Evernote, the startup behind the popular note-taking tool of the same name, is witnessing turbulent times. It is laying off 47 workers, piling on to the 20 it let go earlier this year. Its Singapore office is one of three global offices the startup will be shutting down. Find out more here.

Facebook probably has little reason to complain about its new Singapore HQ. Located at the South Beach Tower, just minutes away from the Suntec City commercial hub, the social media behemoth has commandeered four floors of this latest addition to Singapore’s skyline. Read more here.

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