Singapore

Chart of the Day: 13-year owned shophouses doubled gains when sold in 2019

Their limited supply makes them assets to hold for wealth preservation.

Chart of the Day: 13-year owned shophouses doubled gains when sold in 2019

Their limited supply makes them assets to hold for wealth preservation.

Utico to give PNP soft landing if IPO is delayed

Utico asks SIAS and Hyflux to hold a PNP vote for option 1 or 2 within 3 weeks.

New investor knocks on Hyflux's door

The proposed terms of the investment has not yet been revealed.

Prudential Singapore commits $1.5m COVID relief package

Affected SME clients can defer their premium payments for up to three months.

MPA gives 50% port dues concession to passenger vessels

The new concession will be provided from 1 March to 31 August.

Volocopter and Grab conduct air-taxi feasibility study in Southeast Asia

The study will look into the most suitable cities and routes to deploy air taxis.

Singapore to lift local labour via S-Pass-DRC reduction

DRC has been lowered to 15% for the construction, marine shipyard, and process sectors.

Can TPG clinch a 5G licence in Singapore?

It has not yet conducted trials for 5G use cases in Singapore.

Standard Chartered names new digital channels and client data analytics head

Kahina van Dyke will join the bank’s CCIB division in Singapore.

New completions to ramp up residential vacancy rates in Q1

This could cause prices of nearby older homes to stagnate.

Builders seek force majeure advice as COVID-19 causes labor crunch

Singapore has $20-$24b of building projects in the pipeline.

Tourism sector to receive tax rebates in 2020

Property tax rebates of 30% will be given to hotels, serviced apartments and MICE venues.

Bumitama Agri's profits slumped 37.4% to $69.68m in 2019

Improved performance was attributed to improved palm oil prices at the end of 2019.

Singapore Tourism: Riding out the storm

In the weeks leading up to Budget 2020, the Singapore Government made no secret of the sudden rush to incorporate stability measures for sectors affected by the ongoing COVID-19 outbreak across Asia.

When It Rains, It Pours: How Businesses Can Avoid the Storm

At the core of businesses' IT strategies today sits a familiar and fundamental building block: the cloud. Adroit Research from 2018 estimates that cloud computing revenue for Southeast Asia could reach US$40.32b by 2025, with Singapore leading the way.

The Future of Holiday Retail is Blended Experiences

From Sasa to once-popular departmental stores such as Metro and Isetan, a number of retailers have left Singapore shores or announced plans to do so over the last decade. However, while it is true that there have been some troubling signs such as store closings and an increase in the number of retailers filing for bankruptcy, they don’t quite tell the whole story. Here in Singapore, over 90% of retail sales are still spent at a physical location, with e-commerce making up only 5.6% of all shopping. Physical retail is far from dead. However, staid retail experiences that are boring, unimaginative and disengaging is making its way out.