Singapore

Its proceeds will fund the expansion of its franchise network and establishment of a new central kitchen in Malaysia.

They spend $624 on average for in-store travel-related transactions.

UOB led the gains after its stock grew 1.79%.

It has recorded pre-tax profits of $635,431.68 based on consolidated audited accounts in February 2019.

And UOB poaches HSBC’s Singapore head of retail business banking.

Tightening vacancy and strong absorption drove rents up to $154.84 psf.

It eyes to raise $8.81b from June 2018 to end-2019. Grab secured $406.55m (US$300m) boost from global investment management firm Invesco. This puts the Singaporean superapp on track to meet its aim to raise $8.81b (US$6.5b) in total capital between June 2018 and the end of 2019. Invesco’s additional investment in Grab has hit $952.69m (US$703m) in total. Earlier in 2019, Invesco successfully completed its acquisition of OppenheimerFunds, which first invested $546.14m (US$403m) in Grab in July 2018. “We have been closely watching Southeast Asia and have every confidence in Grab’s ability to unlock new opportunities across on-demand mobility, delivery and financial services in the region,” said Justin Leverenz, team leader and senior portfolio manager (Invesco Emerging Markets), Invesco.

Upgrading legacy mindsets is just as important as bringing legacy systems into the digital age.

One CTO believes in making self-programming machines that have the capacity to learn from data.

Together, the three sites can yield about 1,545 residential units.

The risk-reduction technique enables participants to lower capital costs and reduce open positions of derivatives.

They claimed that they have become less impulsive. Almost nine in 10 (89%) of Singaporeans have become less impulsive in their spending behaviour compared to two years ago, according to a study by data consultancy firm Kantar. This is in line with their regional counterparts in the Asia Pacific (89%). The study also found that Singaporeans prefer brands that are not new to them, with 97% saying that their most recent purchase are brands familiar to them. Moreover, 64% of them said that they ‘knew a lot’ about the brands. Kantar further noted that over half (52%) of people in Singapore said that their mobile is central to discovering new brands. “Platforms like Instagram are now being used as a central ‘discovery’ channel in many markets, with people scrolling through to find new brands in the same way that they would a physical magazine,” Kantar said in a report. But despite the influx of advertising in various media platforms, 46% of Singaporeans said that the ads they see are not relevant to them. “Consumers in Asia today are far more discerning, making decisions based on a layered understanding of the brand, built up over numerous interactions,” Anita Rao Kapur, regional head of brand for the Insights Division at Kantar, explained.

It received a notice from Frasers Property of its intentions to enter into an arrangement with an unrelated co-investor.

It will design and construct long-distance distribution steam pipelines and a smart energy station for State Power Investment Corporation.

The 5,853.1-sqm property in Bukit Panjang was originally put up for sale on 29 November 2018.

It was fueled by the double digit growth from Australia and Japan. Changi Airport’s passenger movements grew 2.1% YoY to 5.41 million in May, according to an announcement. Northeast Asia and Southwest Pacific traffic was able to offset the decline registered from Southeast Asia and South Asia. Amongst Changi’s top 10 markets, Australia (11%) and Japan (13%) achieved double digit growth. Meanwhile, traffic was weaker for India, Indonesia, Malaysia and Thailand. The airport revealed that aircraft movements dipped 2% to 31,700 landings and takeoffs, whilst airfreight throughput declined 5% to 172,000 tonnes for the month. The announcement also noted that Urumqi Air, a new carrier at Changi Airport, commenced thrice-weekly services to Urumqi, China via Wuhan. Lufthansa has increased its Munich service from six times weekly to seven. For its part, Scoot has added three weekly services each to Kaohsiung and Osaka (Kansai), whilst SilkAir has increased its services to Cairns, from five to seven weekly. New stores and restaurants have also kicked off in the airport, including Sunglass Hut in Terminal 1 and Furla’s new outlet in Terminal 3. In the public areas, Japan Gourmet Hall SORA opened its second airport restaurant in Terminal 1, with three new brands such as Ikkousha, Megumi Maru and Yoshimi, offering a range of Japanese dishes including ramen, mixed rice bowls and katsu curries. New eateries which have opened include Paris Baguette, Canton Paradise and Le Shrimp Ramen in Terminal 3, as well as local specialty product store Wain’s and mini KTV booth Mbar. As of 1 June, more than 120 airlines operate at Changi Airport. With more than 7,400 weekly scheduled flights, an aircraft takes off or lands at Changi roughly once every 80 seconds.