Singapore
Daily Briefing: SMRT taps NTU to launch $60m lab for rail improvement; Grab to invest US$250m in Indonesian startups
And Temasek leads US$50m funding for US technical support firm.
Daily Briefing: SMRT taps NTU to launch $60m lab for rail improvement; Grab to invest US$250m in Indonesian startups
And Temasek leads US$50m funding for US technical support firm.
Daily Markets Briefing: STI down 0.11%
Expect muted gains today.
Chart of the Day: First-time Asian bond issuances in Singapore hit $27.4b in 2017
They mainly came from Australia, China, India, Korea and ASEAN.
UOB tapped e-commerce firm Synagie to boost SMEs' online sales management
They will enable SMEs clients to manage e-commerce processes like inventory storage and management.
New housing loan scheme could lure buyers to get larger loans: analysts
They could benefit from the stable interest over time.
Wing Tai Holdings Q4 profits ballooned 937% to $133.2m
Revenue soared amidst higher contribution from Malaysia and Singapore properties.
Banking and finance led online hiring growth in June
The IT and advertising & media sectors also saw 6% and 2% rise in online hiring, respectively.
ST Engineering Electronics bags contract for Hong Kong's multi-purpose lamp posts trial
It will roll out in Kowloon East which is the Smart City Pilot Area.
APAC Realty eyes expansion into China
It formed a joint venture with a real estate consultant and investment firm.
CapitaLand appoints group CIO Lee Chee Koon as new president and group CEO
CapitaLand’s current group CIO Lee Chee Koon will succeed president and CEO Lim Ming Yan as the top leader of the firm, an announcement revealed. Lee joined the company in February 2007 and has held several appointments, including as CEO of Ascott. “Ming Yan has built a strong foundation for expansion. I will build upon it to bring CapitaLand forward and to achieve greater returns to shareholders,” the incoming CEO said. His predecessor, Lim Ming Yan, will retire as president and group CEO on 15 September. He will remain as a non-independent director until 31 December. “I am delighted to be handing over the reins to an executive of his (Lee) calibre,” Lim said. “This new cohort of top leadership was primed and groomed for many years, and I am proud to see them rising to the challenge.” Aside from Lee, Jason Leow Juan Thong and Lucas Loh Jen Yuh have been appointed as the group’s president for Asia & Retail, and as the president of China & Investment Management, respectively. Serving the group as its chief operating officer since 1998, Leow has been on board the firm since 1994. Meanwhile, Loh is presently the China CEO for nearly four years and had been with CapitaLand since 2004. “Chee Koon, Jason and Lucas are key members of the management team and have been instrumental in developing and executing the Group’s growth strategy,” CapitaLand chairman Ng Kee Choe said.
Completed condo prices dipped 0.5% in July
It was led by the 0.7% price slip for units in the non-central region.
Yanlord Land's apartment launch in China sold 510 units for $600m
It has a total saleable area of 154,254 sq m.
OCBC issues A$500m senior floating rate notes due 2021
It will be rolled out by 6 September.
Two industrial sites up for tender
They have a site area of 1.28ha and 0.48 ha, respectively.
IHH Healthcare Q2 profits crashed 65.8% to $104.49m
The weakened currencies against the Malaysian ringgit hurt its profits and revenues.
Chart of the Day: Corporations led SGD-denominated bond issuance in 2017
Property corporations and financial institutions also made significant contributions to the issuance volumes.
Daily Markets Briefing: STI up 0.68%
Stocks could do a rebound with the modest Wall Street gains.