Singapore
Noble chases senior creditors for a deal before $379m bond due on 20 March
Noble chases senior creditors for a deal before $379m bond due on 20 March
The bond has no grace period unlike the 2022 coupon that Noble decided to drop on Monday.
DairyFarm's new CEO shuts down lossmaking stores in Singapore
This is part of the strategy to revitalise Southeast Asian stores and hopefully, sweeten profits again.
ST Aerospace invests $3.89m in aircraft seat joint venture
This would bring its total investment to $16.78m.
SIA's ancillary revenue to get boost from e-commerce joint venture
The e-commerce platform will target SIA’s Krisflyer members and its 30 million passenger base.
Trump to Singapore's Broadcom: "You're a national security risk"
Singapore's companies on notice that they could pose a national security risk to America.
Insurtech challenges Singapore's largest insurance firms
Quite late to the digital party, insurers find room for startup collaboration.
Law firms are riding the digital wave in Singapore
Launching the first legaltech accelerator is only the beginning of the industry’s digital shift.
Daily Briefing: SGX eases dual-class share rules to lure tech IPOs; Singapore turns to venture debt for funding
And here's Standard Chartered's new MD who moved in after spending five months in rival Safra Sarasin.
Chart of the Day: Hotel supply growth expected to dip to 1.2% in 2018
Should it hit 1.2%, this will be the lowest since 2007.
Developers' whopping profits beat S-REITs' earnings
The FSTREH’s 23.8% growth is larger compared to the FSTREI’s 12.8% rise even after Fed hikes.
Singtel closes deal with Bharti Airtel
Singtel paid $539.4m to raise its stake in the company to 39.51%.
Property price benchmarks hit a five-year high amidst launching fever
New Futura's $3,200 psf price benchmark has not been seen since 2013.
Golden Gate Ventures raises US$100m fund
The new fund is expected to have a first close before the end of this month and the final close by the end of 2018.
Keppel to build Awilco's mid-water rig for US$425m
It will be used for operations in harsh environment like in Norwegian Continental Shelf.
Retail sales dropped 8.4% in January
Total retail sales value also dropped 9.3% from $4.3b to $3.9b.
Singapore's big developers vulnerable to shocks amidst rising debt
In 2007, Singapore developers’ debt was only around 6% of the GDP, whilst in 2016, it has more than doubled to almost 14%.
Perennial Estate to acquire stake in Capitol Singapore for $528m
Capitol Entities will become its wholly-owned subsidiary when the sale of shares is completed.
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Commentary
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Beyond policy: How Singapore's service sector can win at the frontline
Solving the production problem behind Singapore’s ‘pilot purgatory’