Singapore

Here's why CDL Hospitality Trust is not threatened by home-sharing platforms

Home-sharing platforms only comprise 3-4% of hotel room nights, an analyst said.

7-Eleven partners with soCash for cardless withdrawals

With 7-Eleven on board, soCash's service is now available at more than 1,000 locations in Singapore.

Low corporate demand hits serviced residences' revenues

Ascott Residence Trust suffered the most with a 7% RevPAU drop.

OCBC eyes doubling profit to $1b from China's Greater Bay Area

It will invest $200m in the area within the next five years.

Chart of the Day: Singapore overseas deals up 24.5% to US$12.4b YTD

Germany emerged as the most targeted nation for overseas deals.

Why high-end, Michelin-star restaurants are shutting down in Singapore

In June, foodie circles were shocked when celebrity Michelin chef Joël Robuchon announced the closure of Joël Robuchon Restaurant and L’Atelier de Joël Robuchon at the end of this month. In February, Restaurant André permanently hung the closed sign in its Singapore operations.

Razer-led funding raised US$3.29m for Australian gaming site

Razer and Esports Mogul will chart initiatives to accelerate electronic payments amongst gamers.

SIA passenger load factor up 2.6 ppt to 79.6%

Cargo load factor fell 3.9 ppt as demand outpaced capacity changes.

Singapore M&A activity hit 4-year high at US$33.8b

Two large M&A deals breached the US$3b mark in H1.

Balestier Road property sold for $143.88m

Unit owners will be compensated approximately $1.4m to $2.32m.

Private home sales jumped 53.1% in May

Homes outside central region registered higher percentage of sales.

OCBC and UOB tap NETS for mobile and online payments

Purchases will directly be debited to the user's bank account through NETSPay.

Google to invest US$550m in Chinese e-commerce firm

JD.com will put up product sale through Google shopping.