News

Bank of China and ICBC to offer PayNow

There are now nine banks using the service.

Singapore needs to control inpatient costs amidst high medical inflation

High medical fees still drive inflation even if it has dropped from 20% to 9.6% in three years.

Keppel bags contracting deal with KrisEnergy

It will be selected as the preferred contractor for the construction of KrisEnergy’s fuel barges.

Ascott inks deals with developers in China, Japan, and Thailand

It is adding management and lease agreements to 14 properties in the three countries and Indonesia.

Dairy Farm eyes breaking records at en bloc sale

A potential asking price is at $1.68b, beating that of Farrer Court and Pacific Mansion.

Singapore and China ink deal on Belt & Road markets cooperation

The collaboration will tap into policy banks to support third-party market ventures in both countries.

Chart of the Day: Telcos' wireless revenues fall amidst new players' entry

New players created $77m wireless revenue in 2017, denting those of Singtel, StarHub, and M1.

Daily Markets Briefing: STI up 1.08%

Fears of a trade war remain, weighing down local sentiment.

SPH REIT Q2 NPI down 1.1% to $42.2m

Paragon’s negative rental reversion of 7.1% pulled down revenue.

Uber app shutdown moved to 18 April

The Competition and Consumer Commission of Singapore is still reviewing the Grab and Uber deal.

Goldilocks slams Noble's new board appointments

It questioned the three new UK-based directors, which were had no experience in Singapore companies.

Iceberg Research urges stakeholders to sue Noble

It attacked the restructuring proposal’s legal release clause and said it has “zero chance” of success.

65,000 Singaporeans hit by Facebook data breach

As a response, it has changed data permissions and data sharing practices.

Perennial Real Estate could spend $321m in Goodluck Gardens redevelopment

It will jointly develop the site with Qingjian Group and hold 40% of the project.

StarHub boosts peak 4G speeds to 1Gbps

Customers will need to switch to 1Gbps-capable phone.