Singapore

Bank tellers are out, digital service kiosks are in for OCBC

Bank tellers are out, digital service kiosks are in for OCBC

By 2020, OCBC will cut half of its bank tellers and will replace them with its latest ATMs and digital service kiosks.

Singapore prices climbed 0.6% in June

Costs of food and services were higher for the month.

Sembcorp Marine's order pipeline could hit $3b in 2018

The biggest deal is an FPSO contract for Rosebank’s estimated to be worth US$2b.

Freehold site Sutton Place up for sale at $268m

It has five storeys that can be redeveloped into 198 apartment units.

4 in 5 Singapore employees want flexi work

But 55% fear it will interfere with personal time.

Philip Morris' low profit warnings put heat on Venture

The IQOS that Venture creates for PMI contributed 25% of 2017 revenue.

SIC alters takeover rules for dual class share firms

It wants to add relief for shareholders required to make general offers.

Ascott serviced residences could bolster CapitaLand Ascott's fee income by 50%

The 75,000-unit serviced residence has 31,500 units in the pipeline.

Hotel arm could buoy CityDev amidst property curb

Its UK, China, and US portfolios are safe from the cooling measures.

Chart of the Day: Singapore labour market pressure down in 2017

This also reflected in the total unemployment rate, which fell from about 2.2% in H1 to 2.1% in H2.

Daily Markets Briefing: STI up 0.62%

Wall Street's weakness amidst trade tension woes could hurt gains today.

Singapore banks turn to China's wealthy to offset slumping stock markets

Some banks are looking to establish family offices to serve Chinese entrepreneurs; as a sizeable proportion will look to transfer their wealth to the next generation within the next five to ten years.

LTA slams SMRT with $1.9m fine for fatal incidents in 2016 and 2017

Probes showed failure to follow operating procedures, resulting in two trainee deaths.

Keppel O&M wins contracts worth $70m

They will focus on vessels in Brazil and Singapore.

ST Engineering's electronics arm bagged contracts worth $764m in Q2

Major projects covered mobility, satellite comms, and IoT.