Singapore
Innovation at the heart of the next-generation utility business
Against a backdrop of disruptive megatrends and rapid advancements in technologies, recent initiatives have cast the spotlight back on the utilities industry. This includes the recently announced carbon tax as part of Singapore’s Year of Climate Action, where facilities which produce 25,000 tonnes or more of greenhouse gas emissions in a year will have to pay a carbon tax from 2020.
Innovation at the heart of the next-generation utility business
Against a backdrop of disruptive megatrends and rapid advancements in technologies, recent initiatives have cast the spotlight back on the utilities industry. This includes the recently announced carbon tax as part of Singapore’s Year of Climate Action, where facilities which produce 25,000 tonnes or more of greenhouse gas emissions in a year will have to pay a carbon tax from 2020.
Singapore still waits for timing of 2% GST hike
It is still monitoring economic conditions as well as expenditure trends and revenue buoyancy.
OUE Lippo Healthcare's CEO Wong Weng Hong resigns, to be replaced by CFO Yet Kum Meng
Wong has stepped down after being CEO for about two years.
Daily Briefing: Singapore dollar to strengthen amidst US-China trade truce; US-based hacker-powered security platform HackerOne expands to Singapore
And Singapore-based online luxury marketplace Reebonz faces Nasdaq delisting.
Singapore revamps development charge rates
The rates for commercial and hotel/hospital properties rose 45.6% on average.
Chart of the Day: Singapore's big three banks' CET1 ratios hit 14% in 2018
DBS and OCBC’s CET1 ratios rose YoY, whilst UOB’s declined due to faster loan growth.
Daily Markets Briefing: STI down 1.15%
Don't expect gains today.
China Taiping Insurance Singapore targets the super-rich in new product
'Infinite Harvest' guarantees 100% capital from the 10th policy anniversary.
M1 to delist after Keppel buyout
Keppel and SPH now controls 91.15% of M1's shares.
Yanlord Land Group's profits plummeted 78% to $240m in Q4
Declines in GFA and ASPs as a result of its product shake up were to blame.
Jardine Cycle & Carriage saw profits plunge by 55% to $566m in FY18
Non-current investments impacted the group’s profits.
Horrible bosses? 1 in 3 Singaporeans are not satisfied with work-life balance due to inflexible managers
For 73%, a work-life balance means no work on weekends, whilst for 69%, it meant being able to leave work on time everyday.
Poll: 67% of Singapore and Hong Kong investors plan to invest in Chinese onshore bonds in 2019
Sentiment was driven by the upcoming Bloomberg Barclays Global Aggregate Index inclusion in April 2019.
Olam's FY2018 profits plummeted 40.1% to $347.87b
It had a large exceptional $149.4m gain recorded in 2017 primarily from the sale of its 50% stake in FEA.
CPFIS-included funds hammered by losses in Q42018
As of December 2018, CPFIS-included funds posted a negative return of 7.91% on average.
Daily Briefing: Singtel, Axiata team up to launch digital wallet in Malaysia; Fintech firm Rely scores undisclosed investment from a Singaporean family office
And healthcare company DocDoc secures investment from Hong Kong’s Cyberport Macro Fund (CMF).
Daily Markets Briefing: STI down 0.36%
Expect muted gains today.
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