Daily Briefing: Jewel Changi to open on 17 April; Median salary for PEI graduates up 3.92% to $2,650 in 2018

And Rockworth Capital Partners acquired 18% stake in ASX-listed Elanor Investors Group.

From Reuters:

The $1.7b Jewel Changi retail complex is set to open on 17 April. Housed under a dome of glass and steel, the building is spread over 135,700 square meters and was designed by Moshe Safdie, who is known for the Marina Bay Sands resort.

“(We want to) provide a wide range of amenities that allows the passenger to make the best use of their time as they transit through us,” Jayson Goh, managing director, airport operations management at Changi, told a news conference.

A joint venture between Changi Airport and Singapore developer CapitaLand, Jewel adds 53,600 square meters of retail space in the wealthy city-state.
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From Human Resources Online:

The median gross monthly salary of private education institution (PEI) graduates grew 3.92% in $2,650 from $2,550 in 2017, according to a study by Human Resources Online. However, their gross salary is still lower compared to the $3,500 median salary earned by fresh graduates from autonomous universities.

In the six months following their graduation in 2017/18, one in two private education institution(PEI) graduates (48.2%) found full-time permanent employment – up from 47.4% in 2016/17.

On the other hand, the survey also revealed a part-time/temporary employment rate of 26.8% in 2017/18, a dip from 27.9% previously observed in 2016/17. Of the 26.8%, 16.1% involved voluntary part-time/temporary employment while 10.7% was involuntary.

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From Deal Street Asia:

Singapore-headquartered specialist asset and investment manager Rockworth Capital Partners has acquired an 18% strategic stake in Australian Securities Exchange (ASX)-listed diversified real estate funds management platform Elanor Investors Group, according to an announcement.

To break down the numbers further, Rockworth picked up the stake in Elanor through an acquisition of 14.4 million stapled securities from existing security holders and placement of 3.5 million new fully paid stapled securities at a price of A$1.85 per security.

With the deal, Rockworth has become the largest shareholder in Elanor. Lim Kin Song, founder and chief executive, Rockworth, will now be appointed to the Elanor Board of Directors.

Read more here.

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