News
Chart of the Day: Rent and labour costs account for 75-78% of food service and retail companies' opex
Chart of the Day: Rent and labour costs account for 75-78% of food service and retail companies' opex
For food retailers, staff costs are typically 10-12% of sales and 42% of total opex.
URA eyes more homes for Singapore Downtown in 2019
Its Draft Master Plan 2019 includes turning Anson Road, Cecil Street, and Tanjong Pagar into urban neighbourhoods.
930,000 HDB households to receive $132m of S&CC rebate
Eligible Singaporean households will receive 1.5 to 3.5 months of S&CC rebate, depending on their HDB flat type.
SIA inks deal to integrate DBS' PayNow payment option
The firms will also introduce a DBS-SIA point conversion programme via the KrisPay app.
Keppel Infrastructure Trust to raise $200.79m in preferential share offering
The offering will close on 4 April.
Golden Mile Complex attempts second en bloc sale at $800m
Its land area of approximately 1.3 hectares and is zoned for commercial use.
SM Investments rejects restructuring leeway for Hyflux
Hyflux unveiled the status of its restructuring in response to SIAS’ demands.
Daily Markets Briefing: STI up 0.55%
Don’t expect gains today.
Daily Briefing: Singapore law firm clears Wirecard of some corruption claims; Temasek invests US$29m in Vietnamese Internet major VNG
And tech-enabled student housing startup Oxfordcaps raises $11m in series A funding.
Chart of the Day: Manufacturing output growth hits 0.7% in February
On a month-on-month basis, manufacturing output decreased 4.1%.
Average Grade A CBD office rents hit a decade high at $10.63 psf in Q1 2019
Rents in the Marina Bay submarket led the increase.
Two-shift taxi trips grow after nearly three-year slump
Taxi rides for two-shift taxis rose for the third month in January at 3.2%.
Singapore's passport is the most powerful in the world
It shared the top spot with Japan and South Korea, having visa-free access to 189 countries.
First Sponsor Group to undertake rights issue for $399.5m
It dropped its initial plan to issue warrants for perpetual capital securities.
Hyflux to resolve disputes over Algerian desalination plant through ICC
It needs to respond to disputes over three deals and one protocol through arbitration.
Frasers Property launches A$600m ‘green' loan in Australia
It will refinance an existing debt facility due in 2020.
SIAS slams Hyflux as path to restructuring with SMI turns foggy
Investor anxiety is rising as Hyflux is not resolving issues to keep the restructuring on track, it said.
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