Daily Briefing: 50 firms raise retirement age; Moov seeks license to expand 1,000-bike fleet

15 Aug 2019 - Singapore Business Review
And NUS researchers invent “smart” clothing that boosts bluetooth and wifi connectivity. From Channel News Asia: More than 50 companies have voluntarily raised the retirement or re-employment ages of their workers beyond the statutory requirements, said NTUC secretary-general Ng Chee Meng on Thursday. ...

Singapore hits back at Elon Musk's criticism on EV adoption

22 Aug 2019 - Singapore Business Review
In January, Musk criticised the city for being slow to adopt EVs. After Tesla CEO Elon Musk criticised Singapore for being slow to adopt electric vehicles (EV) in a tweet in January, the city has retaliated and said that taking mass transit is a better climate change solution than "tooling around" in ...

Singtel Group prices $1.04b 10-year notes at 2.375%

22 Aug 2019 - Singapore Business Review
Its order book is 3.6 times oversubscribed. Singtel Group Treasury, a wholly-owned subsidiary of Singapore Telecommunications (SingTel), has priced $1.04b (US$750m) of 10-year notes, an announcement revealed. Its order book closed after receiving interest of approximately $3.74b (US$2.7b), which is 3.6 ...

Corporate earnings take hit as economy slows

22 Aug 2019 - Singapore Business Review
STI constituents posted their first profit decline in six quarters. Bloomberg reports that Singapore's slowing economic growth has started to weigh on company earnings with companies in the benchmark Straits Times Index posting their first profit decline in six quarters in the three months ended June. ...

Could bonds buoy Singapore from rising sea levels?

22 Aug 2019 - Singapore Business Review
Government bonds could fund its $100b effort to mitigate the effects of climate change. Singapore is weighing the usage of bonds and reserves to fund its $100b effort to combat rising sea levels and mitigate the effects of climate change, Bloomberg reports. In the short-term, funding for projects such ...

Singapore rolls out world's first trademark registration app

22 Aug 2019 - Singapore Business Review
IPOS Go was equipped with AI for searching similar trademarks. The Intellectual Property Office of Singapore (IPOS) launched IPOS Go, the world’s first mobile trademark registration app, according to a press release. The app was designed to speed up the registration process to less than 10 minutes from ...

Vulcan Capital pledges $100m to groom SEA startups

22 Aug 2019 - Singapore Business Review
It will focus on seed to Series B investments. Vulcan Capital, the investment arm of the late Microsoft co-founder Paul G. Allen, opened its first international office in Singapore, an announcement revealed. It plans to deploy US$100m into venture opportunities across Southeast Asia. Vulcan Capital Singapore ...

Keppel Logistics unit expands to Vietnam and Malaysia

22 Aug 2019 - Singapore Business Review
It launched an online-to-offline service in Vietnam. Omnichannel logistics and commerce firm UrbanFox, a unit of Keppel Logistics, has launched online-to-offline (O2O) services in Vietnam and plans to set up a warehouse Malaysia, an announcement revealed. In partnership with Enterprise Singapore and ...

OCBC in talks with Singtel for virtual bank license: report

22 Aug 2019 - Singapore Business Review
The bank may take a minority stake in the joint venture. Bloomberg reports that OCBC is said to be in talks with companies including Singtel about seeking one of the city-state’s planned virtual bank licenses, according to people familiar with the matter. Singapore’s second-largest bank would take a ...
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Daily Markets Briefing: STI down 0.43%

22 Aug 2019 - Singapore Business Review
YZJ Shipbuilding led the gains amongst top active stocks with a 15.12% climb. The Straits Times Index ended 13.38 or 0.43% lower at 3,122.57. The top active stocks were DBS, which soared 0.53%, ThaiBev, which climbed 3.93%, UOB, which declined 0.92%, YZJ Shipbuilding, which diminished 0.52%, and Singtel ...