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DBS beats Singtel as Southeast Asia's largest company by market cap

24 Nov 2017 - Singapore Business Review
DBS is now valued at $62.97b. Reaping the rewards of going big on tech, DBS Group Holdings Ltd. has pushed past Singapore Telecommunications Ltd. to become Southeast Asia’s biggest company by market capitalization, Bloomberg reports. Adopting a “digital to the core” strategy, Singapore’s largest bank ...
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CapitaLand to go cashless in China

24 Nov 2017 - Singapore Business Review
The four million members of its rewards programme can pay through a mobile app. CapitaLand formed a strategic alliance with China UnionPay to enable cashless payment for CapitaLand China's customers. According to a press release, the alliance will use the app for CapitaStar, CapitaLand’s cardless rewards ...

CapitaLand, UnionPay to launch cashless payment in China

24 Nov 2017 - Business Times Breaking News
CAPITALAND has struck an alliance with China UnionPay to enable cashless payment in China through the former's cardless rewards programme, CapitaStar, at the IE Singapore - CapitaLand Tech & Innovation Summit in Beijing on Friday. CapitaLand also sealed technology collaborations with leading Chinese ...

Wheelock's residential projects nearly sold out

24 Nov 2017 - Singapore Business Review
Only 7% of Ardmore Three units are left unsold. Thanks to the turnaround in the property market, Wheelock Properties' residential projects are now mostly sold. OCBC Investment Research said that 93% of Ardmore Three, comprising 78 units, has been sold. Meanwhile, Wheelock sold 299 out of 338 units or ...

Oxley Holdings could bag $2.3b from overseas contracts

24 Nov 2017 - Singapore Business Review
Contracts will be progressively recognised in the UK, Cambodia, and Indonesia. Oxley Holdings could bag $2.3b earnings from unbilled overseas contracts that are yet to be recognised. UOB Kay Hian said that Oxley’s UK-based Royal Wharf project, which is selling at price point of $1,073.31-$1,252.44 (£600-£700) ...

Singapore's manufacturing output rose 14.6% in October

24 Nov 2017 - Singapore Business Review
The electronics cluster led the growth with a 45.1% expansion. Singapore's manufacturing output increased by 14.6% YoY in October 2017, the Economic Development Board (EDB) revealed. The electronics cluster’s output expanded 45.1% YoY largely driven by the semiconductors segment which posted a robust ...

Top Glove enters negotiations for Aspion purchase

24 Nov 2017 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd entered into a memorandum of understanding to negotiate the terms for the acquisition of Adventa 's unit Aspion Sdn Bhd. According to the term sheet, the purchase consideration will be based on a profit after tax (PAT) of RM80mil for Aspion in FY2018, a guarantee by Adventa ...
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CapitaLand: Forges Strategic Alliance With China UnionPay To Launch Cashless Payment In China Through CapitaStar.

24 Nov 2017 - ShareInvestor Express
Seals collaborations with three leading Chinese startups at tech and innovation summit to accelerate digitalisation of real estate offerings...

Singapore shares resume flat on Friday afternoon; STI at 3,425.93

24 Nov 2017 - Business Times Breaking News
SINGAPORE shares resumed trading flat on Friday, with the Straits Times Index up 0.42 per cent or 14.52 points to 3,437.71 as at 1pm.Gainers outnumbered losers 167 to 134 as about 1.15 billion shares worth S$356 million in total changed hands.Active stocks included metals company Allied Tech and medical ...

Guocoland's EcoWorld could buy Sydney residences for A$40m

24 Nov 2017 - Business Times Breaking News
Guocoland's Malaysia-listed unit, EcoWorld International, has entered into an option agreement that will allow it to buy 25 out of 30 strata units in a Sydney site for A$33.8 million (S$34.7 million).EcoWorld has until Sept 7, 2018 to exercise its option to purchase. If it does not exercise the option ...
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