Singapore
Singapore to renew Bukit Panjang LRT for $344.25m
Singapore to renew Bukit Panjang LRT for $344.25m
The 19-year-old light rail vehicles will be replaced whilst the two-year-old LRVs will be upgraded.
Prime Toho Mansion in District 10 sold en bloc for $120.4m
The buyers are eyeing a lifestyle-themed development for the site.
Top 1000 SMEs profits down 17.1% to $2.9b in 2017
Slow GDP growth and weak global trade are among the challenges that plague SMEs.
Growth of Singapore's women start up founders slowed down to 22%
They are weighed down by their protracted challenges in achieving work-life balance.
110-unit residential development to rise in Geylang
Developers recently bought properties on the freehold land at 31 to 51 Lorong 24.
How to stand out in Singapore's saturated mobile market
Singapore’s mobile penetration hit a high of ~158% in the first quarter of 2014, but by the third quarter of 2017, it had fallen by 10% to reach ~148%. OCBC Investment Research in its 2017 telecom report predicts a “muted outlook as space gets crowded”. With penetration rates already this high, it appears that the Singapore app economy is nearing saturation.
SGX RegCo pushes Noble to hire financial advisor
The advisor will look into shareholding structure concerns in Noble’s debt restructuring plan.
CityDev builds fund manager to accumulate $6.57b assets
It wants a constant income stream with less reliance on capital appreciation.
Jardine Matheson Holdings profit up 51.22% to $5b in 2017
Its profits from Mainland China grew 18% thanks to land and manufacturer acquisitions.
Daily Briefing: Temasek leads US$90m funding of Shanghai biotech firm; Singapore's water prices are set to increase by 30% by July 2018
And here are 4 post-independence landmarks targetting en bloc sale.
Chart of the Day: 25% of home sales were from non-Singaporeans
They bought 1,324 private condo units, a 0.7% dip in the sales volume.
27 Moulmein Rise up for sale at $110m
Savills said it expects strong interest in the site as there are no new project launches near the Novena MRT station.
SING JAZZ sweetens line-up with new acts
New acts include Estelle, Soul II Soul, Gogo Penguin, DJ Nu-Mark, Tompi, MAS1A, The Teng Ensemble, Tim de Cotta, Weish, DJ Drem, and DJ Jnr Tirso.
Daily Markets Briefing: STI up 0.86%
Expect some gains today.
7 in 10 female expats eye Singapore for improved income
Over half of female expats also think it is the best for work culture and personal fulfilment.
Jardine Strategic Holdings profit surged 49.17% to $10.84b in 2017
Jardine Matheson’s profit contribution rose to $491.04m or 4.5% of the total.
DairyFarm profits down 13.97% to $532.62m in 2017
Operating profit for its businesses fell after recognising $84.48m of business change costs.
Commentary
‘Tokenmaxxing’ – The wrong AI race to run in Singapore
To outsmart modern fraud, we must first know the enemy
Why Singapore SMEs cannot wait for quantum cyber risk to arrive before securing data
Is Singapore's emphasis on long-term security and stability hindering purpose-driven employees?
When Singapore's agentic AI ‘chefs’ arrive, will the kitchen be ready for them?
What Singapore’s app store rules reveal about the future of online trust
Faster hiring alone will not fix construction’s productivity problem
Beyond policy: How Singapore's service sector can win at the frontline
Solving the production problem behind Singapore’s ‘pilot purgatory’