Singapore

Chart of the Day: See how the hospitality industry weakened over the past 12 years

Negative changes in revenue per available room at started in 2013.

Chart of the Day: See how the hospitality industry weakened over the past 12 years

Negative changes in revenue per available room at started in 2013.

210-unit Goodluck Garden sold en bloc for $610m

It lured high bids due to the absence of development charges.

SIIC Environment eyes dual listing in SEHK

It expects to start share trading on 23 March 2018.

First Resources beats trending decline in fresh fruit bunches growth

Other companies registered drops in FFB production ranging from -1.0% to -16.7%.

Singapore paves the way for legal finance in Asia

It has been a year since Singapore took the landmark step of allowing legal finance for arbitration, bringing the country into line with the US, UK, Australia and numerous other leading centres of dispute resolution. Singapore took the prize for being the first Asian country to open up to legal finance. The Lion City is now in a highly competitive position to allow its users of arbitration to enjoy significantly lower legal costs to pursue meritorious cases, as well as improve their balance sheets and legal budgets. Following Singapore’s lead, countries and corporations across Asia are exploring how they too can enjoy the benefits of this innovative financial service.

Hotel room supply to increase 1.2% in 2018

Upscale and Mid-Tier hotels clocked a +0.1% revenue per available room (RevPAR) increase in 2017.

7 in 10 businesses unprepared for cloud service outage: survey

They are also unaware of the cost of cloud service interruption.

Hongkong Land 2017 profits up 14% to $1.28b

They were boosted by higher rental income and development profits from China.

Mobile-social madness: How retailers can target millennial shoppers in Singapore

With a high rate of mobile penetration and the proliferation of e-commerce sites in Singapore, more and more millennials are buying online. According to We Are Social, 59 percent of Singaporeans have made purchase online while 39 percent have purchased a product or service on their mobile devices in 2017.

Singapore to renew Bukit Panjang LRT for $344.25m

The 19-year-old light rail vehicles will be replaced whilst the two-year-old LRVs will be upgraded.

Prime Toho Mansion in District 10 sold en bloc for $120.4m

The buyers are eyeing a lifestyle-themed development for the site.

Top 1000 SMEs profits down 17.1% to $2.9b in 2017

Slow GDP growth and weak global trade are among the challenges that plague SMEs.

Growth of Singapore's women start up founders slowed down to 22%

They are weighed down by their protracted challenges in achieving work-life balance.

110-unit residential development to rise in Geylang

Developers recently bought properties on the freehold land at 31 to 51 Lorong 24.

How to stand out in Singapore's saturated mobile market

Singapore’s mobile penetration hit a high of ~158% in the first quarter of 2014, but by the third quarter of 2017, it had fallen by 10% to reach ~148%. OCBC Investment Research in its 2017 telecom report predicts a “muted outlook as space gets crowded”. With penetration rates already this high, it appears that the Singapore app economy is nearing saturation.