Singapore
Chart of the Day: Singapore overseas deals up 24.5% to US$12.4b YTD
Germany emerged as the most targeted nation for overseas deals.
Chart of the Day: Singapore overseas deals up 24.5% to US$12.4b YTD
Germany emerged as the most targeted nation for overseas deals.
Daily Briefing: OCBC to set up Chinese wealth management arm; Sheng Shiong to revamp old stores
And Don Quijote is planning to beef up its Singapore presence.
Daily Markets Briefing: STI down 0.97%
Don't expect gains today.
Why high-end, Michelin-star restaurants are shutting down in Singapore
In June, foodie circles were shocked when celebrity Michelin chef Joël Robuchon announced the closure of Joël Robuchon Restaurant and L’Atelier de Joël Robuchon at the end of this month. In February, Restaurant André permanently hung the closed sign in its Singapore operations.
Razer-led funding raised US$3.29m for Australian gaming site
Razer and Esports Mogul will chart initiatives to accelerate electronic payments amongst gamers.
SIA passenger load factor up 2.6 ppt to 79.6%
Cargo load factor fell 3.9 ppt as demand outpaced capacity changes.
Singapore M&A activity hit 4-year high at US$33.8b
Two large M&A deals breached the US$3b mark in H1.
Balestier Road property sold for $143.88m
Unit owners will be compensated approximately $1.4m to $2.32m.
Private home sales jumped 53.1% in May
Homes outside central region registered higher percentage of sales.
OCBC and UOB tap NETS for mobile and online payments
Purchases will directly be debited to the user's bank account through NETSPay.
Google to invest US$550m in Chinese e-commerce firm
JD.com will put up product sale through Google shopping.
Noble runs into creditor trouble over restructuring deal
Some perpetual bondholders in the UK filed a lawsuit against the company.
GIC and Sequoia China invest $54.04m in Korean app maker
The deal is GIC’s first investment for a Korean startup as well as Sequoia China’s first venture in a Korean company.
MindChamps acquires Sydney preschool for $5.5m
Two more Sydney pre-school centres are in the process of acquisition.
Foreign direct investment from Singapore fell 11.79% to US$24.7b
This was due to a significant fall in foreign direct investments in the financial sector.
Singapore NODX surged 15.5% in May
Non-electronics jumped 26.2% and offset the 7.8% decline in electronics.
Grab's $500m syndicated facility deal 2.5 times oversubscribed
The deal will fund Grab Car’s vehicle fleet.
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