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Chart of the Day: Singapore 2019 defence spending hits 12-year high

19 Feb 2019 - Singapore Business Review
The government is allocating 30% of the budget to defence from 18.5% in 2018. This chart from OCBC Treasury Research highlights how defence will account for a larger share in Singapore's budget mix in 2019 as finance minister Heng Swee Keat reveals that the government will increase spending for the sector ...

Everything you need to know about the Big 4's reactions to Budget 2019

19 Feb 2019 - Singapore Business Review
GST rate increase between 2021 to 2025 has become more certain than ever, says PwC. Finance minister Heng Swee Keat declared a Budget that will build a "strong, united Singapore" amidst a decline in support for globalisation in 2019. Investments worth $6.1b in Merdeka Generation packages, higher government ...

Nine in 10 peak-hour trips could take less than 45 minutes by 2040

18 Feb 2019 - Singapore Business Review
A seamlessly connected transport system could save commuters 15 minutes everyday. Almost all of peak-period commutes in Singapore could be completed in less than 45 minutes by 2040 as the government heightens investment in the city's bus, rail and active mobility network, according to the recommendations ...

4 in 5 SMEs expect more business incentives from Budget: survey

18 Feb 2019 - Singapore Business Review
Firms aim to address in manpower and cost challenges. Eight in ten small and medium enterprises (SMEs) are hoping to receive more business incentives in the upcoming Budget announcement as they cite high operational costs as amongst their top business priorities, a survey by DBS revealed. Manpower issues ...

Axiata, Dialog boost KLCI as consumer stocks top gainers list

18 Feb 2019 - The Star Online
KUALA LUMPUR: Investor sentiment towards Axiata turned positive after the sale of its 28.67% stake in Singapore's M1 Ltd while Dialog Group advanced after its firm earnings and upgrade by analysts. At 5pm, the KLCI was up 3.91 points or 0.23% to 1,692.74. Turnover was 2.75 billion shares valued at RM1.65bil. ...
klse:7277 klse:6888 sgx:b2f

LIVE: Singapore Budget 2019 Coverage

18 Feb 2019 - Singapore Business Review
We'll keep you updated as it happens. Budget starts at 3:15 p.m. Follow us on Twitter and Facebook and stay tuned for more updates.

Axiata’s sale of M1 stake will lower debt, S&P says

18 Feb 2019 - The Star Online
KUALA LUMPUR: Axiata Group Bhd ’s sale of its ts 28.67% stake in Singapore's M1 Ltd has improved its financial headroom and the sale proceeds will help cut debt, S&P Global Ratings says in a report. The rating agency said on Monday the additional financial headroom will be useful to fund investment opportunities ...
klse:6888 sgx:b2f

TSH reports fire incident at subsidiary's factory

18 Feb 2019 - The Star Online
KUALA LUMPUR: TSH Resources Bhd has reported a fire at a factory owned by its wholly owned subsidiary, Ekowood International Bhd . The group told the stock exchange that the fire broke out at the factory located in Gopeng, Perak, at about 5am today.
sgx:574 sgx:kuh klse:9059

Axiata green lights Keppel-SPH buyout offer for M1

18 Feb 2019 - Singapore Business Review
The Malaysian telco will gain $31m from the transaction. Reuters reported that Axiata group has accepted the bid from Keppel Corporation and Singapore Press Holdings (SPH) to buy 28.7% of its stake in M1 for $549.17m as the Singapore investors valued M1 at $1.9b. “It is actually not an easy decision ...
sgx:t39 klse:6888 sgx:b2f sgx:bn4

Singapore total trade breaks $1t again after four years

18 Feb 2019 - Singapore Business Review
But momentum could taper off as growth could slow down in 2019. Singapore’s total merchandise trade rose 9.2% to reach $1.1t in 2018, a record it has not hit since 2014, data from Enterprise Singapore (ESG) revealed. However, the growth rate in 2018 is weaker than the rate in 2017 (11.1%) According to ...