Daily Briefing: Returning 'fast lane' travellers can appeal for a swab test in place of stay-home notice; Mapletree buys part of warehouse in India

And One Championship raised additional $97.6m from investors.

From Channel News Asia:

"Fast lane" travellers returning to Singapore may appeal for swab tests in place of the mandated 14-day stay-home notice (SHN) they would have to serve when they are back in the country, said Trade and Industry Minister Chan Chun Sing.

A "fast lane" arrangement was set up by Singapore and China to facilitate essential travel between the two countries for business and official purposes.

On a case-by-case basis, the Ministry of Trade and Industry (MTI) said it is prepared to consider appeals for swab test arrangements, which can be made via email to MTI.

Approved travellers must take a COVID-19 swab test within 48 hours before departure as well as upon arrival, after which they need not be quarantined, but must remain isolated for one to two days whilst waiting for COVID-19 test results.

Travellers must also stick to a controlled itinerary that is supervised by the host company or government agency for the first 14 days.

Read more here. 

From DealStreetAsia:

Real estate asset manager Mapletree Investment has acquired part of a 1.2-million-sqft industrial warehouse in Chakan near Pune for around $62.75-69.72m (US$45-50m), according to Mint.

This is Mapletree’s first acquisition in India’s logistic space and the first large real estate deal to be signed since March.

The warehouse is still under construction and is targeted at Chakan’s well-established automobile manufacturing industrial area, hosting plants of Bajaj Auto, Mercedes Benz, Mahindra & Mahindra, and Volkswagen, besides several auto component makers.

The warehouse will host five standalone structures covering 1.27 million sqft and will have easy access to Mumbai’s ports and airports. It was previously managed by Pune-based KSH Infra, which develops warehousing, logistics, and offers industrial infrastructure services.

Read more here. 

From Channel News Asia:

Asia's largest mixed martial arts promotion, One Championship, had raised an additional $97.6m (US$70m) from new and existing investors, according to a statement. This brings its total capital to $482.43m (US$346m) which comes as it streamlines its operations.

One Championship would be cutting 20% of its employees worldwide after being unable to stage fight cards for almost four months because of the pandemic. The Singapore-based organisation, which promotes cards across Asia in mixed martial arts, Muay Thai and kickboxing, has between 201 and 500 employees.

Four events were planned to be held without fans in Singapore during April and May, but they had to be shelved because of the circuit breaker measures.

One Championship chairman and chief executive Chatri Sityodtong has said it is unclear when fights can resume, because of the travel restrictions, quarantine and distancing rules imposed by governments across Asia.

Read more here.