Singapore

Fintech YouTrip launches online travel insurance in platform

The company’s business reportedly grew four times in Q2 compared to 2021.

Fintech YouTrip launches online travel insurance in platform

The company’s business reportedly grew four times in Q2 compared to 2021.

Singapore cruise industry to drift to 2019-level recovery 

In 2019, over 400 cruise ships were called at Singapore ports.

Higher air freight rates to drag Singapore Post’s profits

FY22-24 PATMI estimates for SPOST were lowered by 5%-7%.

Sembcorp Marine's Ropax ferry 'Dragsvik' sets sail to Norled

The battery-powered vessel can operate at a speed of 10 knots.

Deal to acquire Sime Darby Business Centre collapses

AIMS APAC REIT to be refunded of $1.02m option fee.

Ascott to acquire Oakwood Worldwide from MapleTree Investments

The acquisition will increase Ascott’s global portfolio by 81 properties.   CapitaLand Investment Limited’s lodging business, The Ascott Limited (Ascott), will acquire apartment provider, Oakwood Worldwide, from Mapletree Investments.   Ascott said Oakwood will increase its global portfolio by 81 properties and about 15,000 units.    Upon the completion of its acquisition in Q322, Ascott said Oakwood will also  “immediately” contribute to its recurring fee income streams.   “The acquisition of Oakwood will leapfrog Ascott’s global presence to more than 150,000 units in about 900 properties across over 200 cities in 39 countries. It will add new markets which include Cheongju in South Korea; Zhangjiakou and Qingdao in China; Dhaka in Bangladesh as well as Washington D.C. in the United States of America (USA),” Ascott said in a bourse disclosure.   Kevin Goh, CLI’s Chief Executive Officer for Lodging added that Oakwood’s addition to Ascott will also bring an immediate boost to the company’s units under management and franchise contracts.  

What are the pros and cons of HDB’s new SERS rehousing options?

SERS occupants can opt for a 50-year lease or lease buyback scheme for replacement flats.

Underpaid? Only 31% of employees say they are fairly rewarded financially

Those who don't receive fair financial rewards may consider changing jobs.

Home developers to benefit from heightened foreign buyer interest: experts

Home prices in the region grew by 1.6% in the second quarter of 2022.

4 cooling solutions Singapore should adopt for its green transition

Cooling emissions will likely increase by nearly 40% by 2030.

Chart of the day: 8 out of 10 migrant domestic workers want to continue working in SG

More than 93.0% have said they want to continue to work with the same employers.

Market update: STI down 0.06%

The trading week at 3,100.43.

ARA US Hospitality Trust divests 4-property hotel portfolio for US$32.5m

The trust cited three key benefits from the portfolio's sale.

HDB resale price index rises 2.6% QoQ in Q2

This came following the improvement in buyers’ confidence, said OrangeTee.

Cuscaden Peak acquires 61.68% stake in SPH REIT

This translates to a total of $1.73b units.

Private home prices up by 3.2% in Q2: URA

The private home prices index increased to 180.4 points.

Bilateral economic cooperation with Germany in the works

An inter-ministerial agreement on closer economic policy cooperation is now in the works.