Singapore
Daily Briefing: PM Lee unsure if RCEP will be finalised in 2018; Singapore urges developers to make low energy buildings
And CCCS slaps $26.9m fine to 13 fresh chicken distributors.
Chart of the Day: Financial services are the biggest occupiers of CBD and Grade A offices
The sector is an early adopter of flexible leasing strategies.
TT International's Big Box Singapore proceeds with liquidation
Operations were halted due to constrained cash flow.
SEEDS Capital on the lookout for partners to invest in agrifood tech
They will provide up to $4m per deep tech startup.
Singapore and UK refresh financial ties
They will set up a supervisory tech alliance for potential collaboration.
Selected F&B stores to accept 10 e-payment modes by end-2018
This is geared towards adding e-payments to coffee shops, hawker centres, and canteens.
Lone budget London-Singapore flight to stop flying in January
Norwegian Air Shuttle ASA might be hit by the hike in oil prices. Bloomberg reported that Norwegian Air Shuttle ASA will scrap its London-Singapore flights by January, which is only a little more than a year since it started operations. The only budget flight’s customer booking line noted that the last flight from Singapore to London will be on 11 January whilst its website shows no more flights for the route beyond it. A London to Singapore flight in November using the airline will cost $286.54 (US$208) which is lower compared to the cheapest flight for the same route with British Airways which costs $460.26 (US334.10). The impending pullout of the flight brings to the table the concern of long-haul, low-cost aviation as fuel prices surge. At about $110.21 (US$80) a barrel, Brent crude oil has almost tripled from a 2016 low.
Retail sales fell 2.6% in July
Motor vehicle sales dropped 15.4%.
Buyer of SingHaiyi's Vietnam Town drops 141-unit bulk sale commitment
Transaction price has been reduced from $128.3m to $31.8m.
Singapore firms led US' investments in Asia in 2017
Investments grew 7.41% to US$274.26b, surpassing China and Japan.
Four flexible workspace operators entered Orchard Road in H1
They occupy a total of 70,000 sq ft in the premier shopping district.
Private condo rents down 0.1% in August
HDB rents rose 0.1%.
Gisborne Light up for en bloc sale at $37m
It can yield up to 27 apartment units.
Asia's energy M&A deal value soared 78% to US$10.3b in Q2
Solar and wind transactions hit US$3.8b and boosted total deal value.
More than half of Singapore youth think technology will decrease jobs
They are the most pessimistic in Southeast Asia when it comes to the issue.
Rising tourist arrivals could uplift SATS
It can also be buoyed by the capacity addition of its key customer Japan Airlines.