Singapore
Daily Briefing: Singapore’s Grab app can now hail Lyft cars; New digital data centre in Singapore
And here are things to know about renting out your home.
Frasers Centrepoint inks $288m construction deal for Sydney development
It appointed Brookfield Multiplex to deliver its DUO project.
Keppel denies charges in Petrobras-related lawsuit
The allegations are “baseless”, says Keppel.
Strength in Singapore's diversity
2016 is a special year for Singapore. While much of the SG50 Jubilee celebrations was spent reminiscing our economic miracle, SG51 marks our first chapter of a new tomorrow. As Singapore pushes ahead, we face a completely different set of challenges as compared to our pioneers.
Olam nabs 50% stake in Acacia Investments for $33.01m
It is now a wholly owned subsidiary.
Are SkillsFuture and WorkPro the panacea to Singapore's rising skilled labour woes?
Singapore's employment landscape is presently undergoing seismic changes, but the sectoral transformations exhorted are being driven more by need rather than by design. Against a backdrop of a slowing economy (2.1 percent in 2015 and expected to remain between 1 and 3 percent this year), high retrenchments in the service industries (4,600 redundancies in 1Q16 compared with 3,500 in 1Q15), and falling demand for manufactured goods, Singapore has had no choice but to review, redesign, and restructure its labour market in an attempt to galvanise employment stability in an unpredictable and volatile global market.
Fewer firms hiked wages amid weaker profits in 2015: MOM
Nominal wages rose 4% last year.
Running your SME: There's (probably) an app for that
Almost every industry today is digitised. Most business functions are software-enabled. Around 40 percent of the world's population has an Internet connection. It comes as no surprise that 68 percent of Singapore’s small and medium-sized enterprises (SMEs) will invest in their in-house technology and innovation capabilities, according to DP Information Group’s SME Development Survey. While this figure appears promising, the increase in technology adoption from a year ago was a mere 4 percent.
Here’s how Courts Singapore manages cost by changing their stores’ layout
Courts Causeway Point is a testbed.
Indonesian tycoon inks deal to buy Straits Trading Building for $560m
The deal works out to $3,520 psf.
KSH Holdings’ net profit jumps by 48% to $61.5m
On back of a significant profit boost from China.
Sembcorp has one foot in the door of Myanmar’s promising utilities market: analysts
It’s building a US$300m gas power plant in Myanmar.
Comply or else: MAS shows teeth as it nixes fund manager’s status, says global law firm
Financial institutions, licensed or exempt, should comply.
Temasek, GIC snap up US$1 billion stake in Alibaba
The shares were bought from SoftBank.
Chart of the Day: Banks pin their hopes on construction firms as business loans slide
Consumer lending is also a bright spot.
Daily Markets Briefing: STI down 0.02%
Expect modest gains today.