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edotco appoints two new directors

19 Feb 2019 - The Star Online
KUALA LUMPUR: edotco Group has announced two new director appointments to its leadership team. In a statement issued today, the integrated telco infrastructure services company said Megat Mohd Zukarlai has been appointed director of business acceleration.

Mapletree Industrial Trust receives SGX approval to raise $201m via private placement

19 Feb 2019 - Singapore Business Review
The proceeds will partially fund the firm’s Tai Seng acquisition. Mapletree Industrial Trust (MIT) has received an ‘in principle’ approval from the Singapore Exchange (SGX) for the private placement of 103.36 million new units to raise $201m, an announcement revealed. Priced at $1.945 per new unit which ...
sgx:me8u sgx:s68

Unsold residential units doubled to over 34,000 in 2018

19 Feb 2019 - Singapore Business Review
This was driven by the softening en bloc sales. The number of unsold residential units nearly doubled to 34,467 in 2018 as Singapore's home supply pipeline builds up from the number of en-bloc sales approved by the Strata Titles Board, according to List Sotheby’s International Realty (List SIR). Nearly ...

Taxi drivers could bear brunt of diesel tax hikes

19 Feb 2019 - Singapore Business Review
Duties will be raised from $0.10 to $0.20 per litre. Taxi drivers could reel from higher fuel costs after finance minister Heng Swee Keat announced that diesel taxes will be raised from $0.10 per litre to $0.20 per litre, according to DBS Equity Research analyst Janice Chua. In order to offset the increase, ...

NODX slipped 10.1% in January

19 Feb 2019 - Singapore Business Review
This is the worst NODX performance since October 2016. Singapore’s non-oil domestic exports (NODX) extended December’s downward trend after exports dipped 10.1% in January amidst declines in both electronic and non-electronic exports, Enterprise Singapore (ESG) revealed. On a MoM seasonally adjusted ...

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