Singapore

They were part of the 38 companies fined a total of $253,700.

The sale will generate proceeds of about $239.9m and a net gain of $37.6m.

It is expected to rise by 0.1% in 2019.

Its Southampton property, which had 526 beds, had all rooms sold out in May 2019.

The current approach to addressing cyber threats, implemented by corporations in Singapore, is not being communicated effectively enough to its employees. A study commissioned by global travel management company CWT, found that only 27% of business travelers from Singapore said they feel very confident about not compromising their employer’s data safety when traveling. This is a significant difference when compared with an average of 35% of business travelers globally.

It specializes in the interactive technology industry.

It is looking to grow in China, particularly in Jing-Jin-Ji, Yangtze River Delta, and Greater Bay Area. Keppel is about to unlock huge potential from its overseas landbank, according to RHB analyst Leng Seng Choon. He noted that the firm has 3 million sqm of remaining residential areas for sale in China, which are mainly in Shanghai, Chengdu, Wuxi and Tianjin. Additionally, Keppel is also developing the Saigon Sports City township in a prime area near Ho Chi Minh City (HCMC) in Vietnam. “Assuming average selling price (ASP) per sqm of RMB10,000 ($2,000), the gross domestic value (GDV) is around $5.9b (RMB30b). Of the 21,584 remaining units for sale in China, around 8,500 are ready to be launched from 2019 to 2021,” Leng said in a report. The analyst noted that Keppel is targeting to launch 2,000 residential units in China in 2019. “In Q1, the property division sold 390 homes (with a total sales value of $230m), more than the 300 units sold in 1Q18. Most of the homes were sold in China, mainly in Wuxi. Keppel just launched its new Nanjing residential project in middle April, and all 271 units in Phase 1 were fully sold at launch,” he explained. Keppel is looking to source for further growth in the China property market, with focus on high growth areas, namely, Jing-Jin-Ji, Yangtze River Delta and Greater Bay Area. “With an estimated combined GDP of $8.05b (US$5.9b), we believe the fundamentals of the property market of group’s focus areas are still intact and will still provide the growth sustainable return on investment in the foreseeable future,” the analyst said. Keppel owns a significant landbank in the Jing-Jin-Ji cluster with 1.3 million sqm left for long-term development. Based on the group’s previous projects, Tianjin’s ASP per sqm ranges between $2,000 (RMB10,000) and $4,000 (RMB18,000). “Assuming ASP per sqm of $2,000 (RMB10,000), the group could be looking at $2.56b (RMB13b) worth of GDV to be developed over the span of 10-15 years, depending on market conditions,” he said. Meanwhile, in Vietnam, Keppel has 1.83 million sqm of remaining area for sale in Vietnam as of end-March. The report noted that the firm’s exposure in terms of land holdings is mainly in HCMC (Districts 2, 7 and 9), implying that its focus would still be in prime areas whereby opportunity for property value appreciation is still high. In the past two years, Keppel’s earnings have been anchored by its property division. In FY18, 99% of EBIT was from its property development division, whilst the offshore marine and investments divisions were in the red due to the challenging market. Leng noted that the property division completed 10 major transactions, including property project sales and commercial property divestment, totalling $1.7b in 2018.  

ES Power’s customers existing contracts worth US$15m will be novated to iSwitch.

The firm is set to receive $1.4m compensation for the loss of potential rental income from the French government.

Instead, it will focus on strengthening its facial recognition verification services.

It has teamed up with WeChat solutions provider Weimob to help SMEs tap into China’s market.

M&C shareholders will be entitled to receive $11.88 for each M&C share.

It will set up an endoscopy centre within The Ming Clinic at the Camden Medical Centre.

The business optimism index fell from +10.58ppt to +6.91ppt over a year.

UOB led the gains at 1.13%. The Straits Times Index ended 20.11 or 0.64% higher at 3,166.29. The top active stocks were DBS, which grew 0.57%, UOB, which rose 1.13%, Singtel, which inched up 0.92%, OCBC, which gained 0.66%, and ST Engineering, which rose 1.49%. The FTSE Mid Cap inched up 0.09%, whilst the FTSE Small Cap grew 0.46%. 

And here’s why Kampong Bugis could be risky for developers.