Singapore
Chart of the Day: Rent and labour costs account for 75-78% of food service and retail companies' opex
Chart of the Day: Rent and labour costs account for 75-78% of food service and retail companies' opex
For food retailers, staff costs are typically 10-12% of sales and 42% of total opex.
URA eyes more homes for Singapore Downtown in 2019
Its Draft Master Plan 2019 includes turning Anson Road, Cecil Street, and Tanjong Pagar into urban neighbourhoods.
Go-Jek to test driver-partner benefits programme on 1 April
The programme will include fuel rebates, prolonged medical leave insurance, and medical consultation services.
930,000 HDB households to receive $132m of S&CC rebate
Eligible Singaporean households will receive 1.5 to 3.5 months of S&CC rebate, depending on their HDB flat type.
SIA inks deal to integrate DBS' PayNow payment option
The firms will also introduce a DBS-SIA point conversion programme via the KrisPay app.
Keppel Infrastructure Trust to raise $200.79m in preferential share offering
The offering will close on 4 April.
Malaysia-based Fortress Minerals debuts on Catalist board at $0.22
It produces iron ore concentrate sold to firms in China and Malaysia.
Sinarmas Land-Rongqiao Group joint venture to invest $44.7m in Taicang Rongguan Real Estate Development
The investment will boost Sinarmas Land’s property development footprint in China.
CapitaLand buys more preference shares in Township Development Fund II
CTDFII issued 1,200 preference shares for $1.6m.
Property agents group to buy 51% stake in online platform SoReal Prop
This will benefit SEAA’s 4,700 real estate agency members.
Golden Mile Complex attempts second en bloc sale at $800m
Its land area of approximately 1.3 hectares and is zoned for commercial use.
Metro Holdings to issue $165m 4.3% notes
The net proceeds will be used to finance investments and general working capital requirements.
SM Investments rejects restructuring leeway for Hyflux
Hyflux unveiled the status of its restructuring in response to SIAS’ demands.
Grab launches public transportation Trip Planner app feature in Indonesia
Users can plan their journey with accurate public transportation information and end-to-end directions within the app.
Luxury co-working spaces on the rise in Singapore
The Work Project launched MARK, its brand new members-only business club, whilst The Great Room has just signed on a 15,000 sqft space at Raffles Hotel.
Daily Markets Briefing: STI up 0.55%
Don’t expect gains today.
Daily Briefing: Singapore law firm clears Wirecard of some corruption claims; Temasek invests US$29m in Vietnamese Internet major VNG
And tech-enabled student housing startup Oxfordcaps raises $11m in series A funding.
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