SG vows enhanced bilateral cooperation with the Philippines
Singapore Business Review | News
by Staff Reporter
2y ago
SG vows enhanced bilateral cooperation with the Philippines Noreen_jazul Wed, 02/02/2022 - 12:36 pm Body The focus will be on security and defence and education. The Singaporean government vowed to enhance its bilateral cooperation with the Philippines, particularly on security and defence and education. This was discussed during Minister for Foreign Affairs Dr Vivian Balakrishnan’s meeting with his Philippine counterpart Teodoro L. Locsin, Jr. on 31 January. The two diplomats also had a “fruitful exchange of views on regional and international developments, including efforts to uphold ASEA ..read more
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Services firms less optimistic about business in first 6 months of 2022
Singapore Business Review | News
by Staff Reporter
2y ago
Services firms less optimistic about business in first 6 months of 2022 Noreen_jazul Wed, 02/02/2022 - 10:22 am Body Across industries, firms in wholesale trade expressed the highest optimism. Services firms in Singapore are less optimistic about the business conditions in the next six months. Data from the Singapore Department of Statistics showed that a net weighted balance of 14% of firms is expecting more favourable business conditions for January 2022 to June 2022. This is lower than the net weighted balance of 19% for October 2021 to March 2022. Except for real estate, all industries ..read more
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SG residents searching for outbound travel up 4.4x during CNY: Sojern
Singapore Business Review | News
by Staff Reporter
2y ago
SG residents searching for outbound travel up 4.4x during CNY: Sojern Emmanuel_Mawis Wed, 02/02/2022 - 9:47 am Body Searches for inbound travel, meanwhile, increased 3.7 times. Travel trends for the Chinese New Year (CNY) revealed a 4.4 times increase in searches outbound of Singapore. According to a report released by Sojern, searches inbound to Lion City also increased by 3.7 times.  Sojern attributes this to an increase in vaccinated travel lanes that are currently operating this year, compared to the previous year. Leisure was also cited as one of the factors behind this outlook, w ..read more
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US CDC updates travel warning against SG, PH
Singapore Business Review | News
by Staff Reporter
2y ago
US CDC updates travel warning against SG, PH Patricia_Uy Wed, 02/02/2022 - 10:33 am Body The warning has risen to 'Level Four: Very High.' The United States Centers for Disease Control and Prevention (CDC) advised against travel to nearly 130 countries because of high coronavirus infection rates. The list included Singapore, the Philippines, Mexico, Brazil, Ecuador, Paraguay, and Kosovo. The CDC advised travellers to update their vaccinations should they need to travel to said countries. If not, travellers should test as close to departure time as possible and self-quarantine for a full fiv ..read more
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DBS to acquire Taiwan Citi franchise at premium of $956m to $1.06b
Singapore Business Review | News
by Staff Reporter
2y ago
DBS to acquire Taiwan Citi franchise at premium of $956m to $1.06b Emmanuel_Mawis Wed, 02/02/2022 - 9:17 am Body The move is set to make the bank the largest foreign bank in Taiwan by assets.  The Development Bank of Singapore (DBS) is set to acquire Citi’s Taiwan-based consumer business for a premium of $956m to $1.06b. According to a report released by Jefferies Singapore, the move is set to place DBS as the largest foreign bank in Taiwan based on assets.  A 20% RoE biz, enhancements to the wealth management franchise, and CASA-rich retail deposits will affect DBS as a result of ..read more
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3 focus areas of MAS Holdings' sustainability plan
Singapore Business Review | News
by Staff Reporter
2y ago
3 focus areas of MAS Holdings' sustainability plan Noreen_jazul Wed, 02/02/2022 - 9:14 am Body MAS Holdings collectively dub these strategies ‘The Plan for Change’. In a bid to become a more sustainable company, MAS Holdings unveiled its “The Plan For Change,” a strategy that aims to improve the company's operation in three key areas: Product, Lives, and Planet. Under the plan, the apparel tech company aims to achieve twelve goals by 2025. For the planet, MAS Holdings said it aims to reduce absolute scope 1 and 2 GHG emissions 25.2% by 2025 from a 2019 base year. “The goal is in line with t ..read more
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Market update: STI up 0.1%
Singapore Business Review | News
by Staff Reporter
2y ago
Market update: STI up 0.1% Emmanuel_Mawis Wed, 02/02/2022 - 6:00 am Body Genting Singapore was seen with the most growth. The Straits Time Index closed at 0.1% up, at 3,249.59 on 31 January. Leading companies at the market’s close are Genting Singapore at 2.08%, ST Engineering at 1.91%, and SATS at 1.56%. Seen at the bottom were Jardine Matheson Holdings at 1.74% down, Ascendas REIT at 1.43% down, and CapitaLandIvest at 1.43% down ..read more
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Novo Tellus SPAC completes IPO of 10m units
Singapore Business Review | News
by Staff Reporter
2y ago
Novo Tellus SPAC completes IPO of 10m units Patricia_Uy Mon, 01/31/2022 - 1:38 pm Body The offer price is $5 per share. Special purpose acquisition company Novo Tellus Alpha Acquisition (NTAA) completed its initial public offering (IPO) of 10,000,000 units, drawing strong demand from both institutional and retail investors. The offering comprises an international placement of 9,500,000 units to investors, including institutional and other investors in Singapore that are non-U.S. persons located outside the United States and 500,000 offering units by way of a public offer in Singapore ..read more
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CLCT sets record high NPI with 85.2%% YoY jump to $250.4m
Singapore Business Review | News
by Staff Reporter
2y ago
CLCT sets record high NPI with 85.2%% YoY jump to $250.4m Emmanuel_Mawis Mon, 01/31/2022 - 10:15 am Body This is the trust's highest annual NPI since its listing. A record was broken as CapitaLand China Trust Management Limited, manager of CapitaLand China Trust, announced a net property income of $250.4m, or up 85.2% year-on-year (YoY).  The group attributed this performance to contributions from its logistics and business park portfolios, 100% contribution from Rock Square, first full-year contribution from CapitaMall Nuohemule and lower rental relief. Distributable income for the sa ..read more
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8 of 10 Singaporeans find multicloud structure as ideal for IT
Singapore Business Review | News
by Staff Reporter
2y ago
8 of 10 Singaporeans find multicloud structure as ideal for IT Emmanuel_Mawis Mon, 01/31/2022 - 9:36 am Body Adoption of the framework is expected to jump by 25 percentage points over the next three years.  Findings from a research report published by Nutanix found that multicloud was the most commonly used deployment model, with 82% agreeing that it is the ideal operating model.  The report, which was conducted by Vanson Bourne, is its fourth Enterprise Cloud Index survey and research report, which aims to measure enterprise progress with cloud adoption.  Multicloud uses a b ..read more
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