Singapore
Hyflux admits $2.81b of claims after adjudication
It rejected a $502.61m claim for the Magtaa desalination plant in Algeria.
Hyflux admits $2.81b of claims after adjudication
It rejected a $502.61m claim for the Magtaa desalination plant in Algeria.
CapitaLand CEO Lee Chee Koon receives remuneration of $4.2m in 2018
In total, the company issued around $18m in remuneration packages for its 13 executives.
NODX edged up 4.9% in February
The 9.4% YoY growth in non-electronic NODX outweighed the decrease in electronics.
DBS poaches former Bank of Singapore private banker
He is responsible for driving the expansion of the bank’s wealth planning, family office and insurance offerings.
OUE Limited buys 49.7% stake in Superfood Retail Limited for $7.5m
Superfood operates cafes and restaurants in SIngapore and Hong Kong.
Daily Briefing: Far East Orchard acquires three British student dorms for $73m; Mobile app Tigerhall raises US$1.8m in seed funding
And personal data of over 800,000 blood donors leaked.
Daily Markets Briefing: STI up 0.07%
Expect muted gains today.
Private residential property stock nearly hit 370,000 units in 2018
Big projects like Kingsford Waterbay and North Park Residences received their TOPs in Q4.
Bike-sharing firms hit a dead end in Singapore
But homegrown startups like SG Bike and Anywheel are picking up the slack after the retreat of Chinese bike-sharing unicorns from the market.
Chart of the Day: Construction sector employment shrinks by 7,100 in 2018
This was attributed to a moderation in the decline in Work Permit Holders.
SIA passenger load factor up 0.3ppt to 81.2% in February
Passenger carriage rose 8.8%, slightly outpacing capacity injection of 8.3%.
Developer sales jumped 18.5% to 455 units in February
50.8% of the sales were in the Outside Central Region.
PropNex calls to suspend stamp duty for HDB upgraders
The 12% stamp duty adds to homebuyers’ burden of 20% CPF and cash home payment, it said.
Ramba Energy renames to Eneco Energy
The name change on SGX will take place on 18 March.
Crypto exchange platform Quoine found liable for reversing bitcoin trades: court
B2C2 will claim damages from breach of contract and breach of trust.
Singapore unemployment rate dropped to 2.9% in 2018
Residents made up 66% of the retrenchments in 2018, slightly lower than their share of employment at 67%.
Singapore and Malaysia suspend overlapping port limits off Tuas waters
They will revert the limits placed on 25 October and 6 December 2018.
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