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ST Engineering's contract value could grow to $4.2b in 9M 2019

14 Jun 2019 - Singapore Business Review
Its orderbook recognition for the next three quarters is expected to rise 31%. Of the $14.1b worth of contracts Singapore Technologies (ST) Engineering clinched as at end-March, approximately $4.2b is expected to be delivered in 9M 2019, a report by OCBC Investment Research (OIR) revealed. ST Engineering ...
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Pioneer and Merdeka Generation seniors to get $270m of MediSave top-ups in July

14 Jun 2019 - Singapore Business Review
The top-ups will be given only to qualified seniors. This coming July, only the qualified seniors from Pioneer Generation and the Merdeka Generation will receive their 2019 MediSave top-ups. They will be given a total of $270m in MediSave top-ups as part of the Pioneer and Merdeka Generation packages. ...

Singapore climbs eight spots in costliest expat city rankings

14 Jun 2019 - Singapore Business Review
It ranked 12th due to another strong year for the Singapore dollar. Singapore has jumped up eight spots to rank as the 12th most expensive location in the world for expatriates, findings from ECA International’s latest Cost of Living survey revealed. Amongst its Asian peers, the city-state ranked sixth, ...

IPOS rolls out insurance for intellectual property rights holders

14 Jun 2019 - Singapore Business Review
It aims to cover legal expenses incurred in IP infringement proceedings worldwide. The Intellectual Property Office of Singapore (IPOS), Lloyd’s Asia and Antares Underwriting Asia have unveiled insurance services for intellectual property (IP) rights holders called the Intellectual Property Insurance ...

Singapore's healthcare expenditure to hit US$24.6b by 2020

14 Jun 2019 - Singapore Business Review
Public healthcare allowances are tipped to grow at a 8.3% CAGR between 2016-2020. Total healthcare expenditure in Singapore is tipped to hit US$24.6b by 2020, according to Frost & Sullivan data cited by CGS-CIMB, as the government sets aside more budget to meet the growing demands of its ageing population. ...

Blue chips hold steady underpinned by Genting

14 Jun 2019 - The Star Online
KUALA LUMPUR: Blue chips were steady in early Friday trade, underpinned by Genting and Petronas Dagangan while Lafarge Malaysia rallied on hopes of a hike in cement price and the East Coast Rail Link (ECRL) projects. At 9.31am, the FBM KLCI was up 0.99 of a point or 0.06% to 1,644.73. Turnover was 282.68 ...
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Chart of the Day: China-related small cap stocks hit 3% average return YTD in June

14 Jun 2019 - Singapore Business Review
Hi-P International recorded a 50.1% YTD return. This chart from the Singapore Exchange (SGX) shows that the 15 China-related stocks in the FTSE small cap stocks hit an average return of 3% YTD in June. Top performers include Hi-P International, Asian Pay TV Trust, and Ying Li International with YTD returns ...

Daily Briefing: Foreign domestic workers contributed $11.1b to GDP in 2018; Deliveroo unveils free online courses for riders

14 Jun 2019 - Singapore Business Review
And Air New Zealand is boosting flight frequency from Singapore in the winter. From Yahoo! News Singapore: Foreign domestic workers (FDWs) contributed $11.1b (US$8.2b) in 2018 to the Singapore economy, or about 2.4% of the country’s gross domestic product, according to a study by information services ...

HSBC: Small upside bias for FBMKLCI

14 Jun 2019 - The Star Online
KUALA LUMPUR: The FBM KLCI may only see limited gains although the bias remains on the upside for the benchmark index, says HSBC Private Banking’s chief market strategist for South-East Asia James Cheo. “We are still cautious on Malaysian listed companies mainly because of their expensive valuations ...
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UOB Malaysia launches business transformation plan

13 Jun 2019 - The Star Online
KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd launched a three-month business transformation programme on Thursday to help businesses in Malaysia adopt technology to drive productivity and growth. The bank said the “Jom Transform Programme” is run by The FinLab, an innovation accelerator under ...
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