Singapore

World's best performing macro fund lost 16% in February

It is challenged by stock bet losses following the Fed’s proposed monetary tightening.

Surbana Jurong eyes $3.8b revenue after 2018

It plans to do so partly by forming a new financing arm for infrastructure.

Great expectations: 6 in 10 Singaporeans expect a salary increase in 2018

But they still lag Hong Kong and Malaysia which have a higher number of workers confident about raises.

Sembcorp Industries eyes a clean energy acquisition

It wants to achieve double-digit ROE in five years and renewables business growth amongst others.

Singapore-EU to push ratification of free trade deal this year

When passed, it will allow consumers and producers reach each other’s markets sans custom duties on all qualifying goods.

2019: The age of mobile agility and the effects on the PR and advertising industry

Asia, the US and Europe, and in fact all global markets share the same trend towards: “Mobile Agility”. Mobile agility allows consumers access to information no matter where they are. Singapore is inherently unique in that the connectivity permeates across the island at both higher speeds and availability levels as it does in other places with more land mass. Either way, this technology makes it possible for consumers to go everywhere and do anything with the help of connected apps and IoT devices. From voice assistants like Alexa to Google to Connected Car Ecosystems, Mobile Agility technologies make every aspect of modern life easier.

Noble's outgoing boss bagged US$20m amidst US$5b loss

The remuneration is more than the US$15m than Noble has offered to pay its perpetual bondholders.

EdTech startup Cudy transforms desktops into virtual classrooms

Students can enroll in online lessons where they can see their tutor and virtual classmates in real-time.

Daily Briefing: Jetstar could raise fares 20% after airport levy; Hollandia sold for $183.38m

And here are the positives and negatives in Sheng Siong’s 2017 results.

Jardine Cycle & Carriage profits up 16% to $1.07b in 2017

Astra’s contribution to the profit rose 28% YoY to US$641m.

China Aviation Oil profit crashed 21.7% to $18.51m in Q4

It blamed the expansion of its global trading business that is subject to higher tax rates.

Raffles Medical could lose $15m from Chongqing hospital

The hospital could open in Q4 2018 and get startup losses.

First Resources profit plunged 41.1% to US$34.2m in Q4

It blamed average selling prices which fell despite high sales volumes.

Singapore PMI down 0.4 point to 52.7 in February

The reading was pulled down by the weaker electronics manufacturing sector.