News
YuuZoo shuts down; CEO resigns over trade suspension
YuuZoo shuts down; CEO resigns over trade suspension
It also blamed IRAS’ seizure of its funds that disabled it from continuing operations.
Hyflux admits $2.81b of claims after adjudication
It rejected a $502.61m claim for the Magtaa desalination plant in Algeria.
CapitaLand CEO Lee Chee Koon receives remuneration of $4.2m in 2018
In total, the company issued around $18m in remuneration packages for its 13 executives.
NODX edged up 4.9% in February
The 9.4% YoY growth in non-electronic NODX outweighed the decrease in electronics.
Daily Briefing: Far East Orchard acquires three British student dorms for $73m; Mobile app Tigerhall raises US$1.8m in seed funding
And personal data of over 800,000 blood donors leaked.
Daily Markets Briefing: STI up 0.07%
Expect muted gains today.
Chart of the Day: Construction sector employment shrinks by 7,100 in 2018
This was attributed to a moderation in the decline in Work Permit Holders.
SIA passenger load factor up 0.3ppt to 81.2% in February
Passenger carriage rose 8.8%, slightly outpacing capacity injection of 8.3%.
Developer sales jumped 18.5% to 455 units in February
50.8% of the sales were in the Outside Central Region.
PropNex calls to suspend stamp duty for HDB upgraders
The 12% stamp duty adds to homebuyers’ burden of 20% CPF and cash home payment, it said.
Crypto exchange platform Quoine found liable for reversing bitcoin trades: court
B2C2 will claim damages from breach of contract and breach of trust.
Singapore unemployment rate dropped to 2.9% in 2018
Residents made up 66% of the retrenchments in 2018, slightly lower than their share of employment at 67%.
Singapore and Malaysia suspend overlapping port limits off Tuas waters
They will revert the limits placed on 25 October and 6 December 2018.
Oxley accepts $1.03b offer for Chevron House
A US-based real estate fund filed an expression of interest for the property.
Over $600m of wage credits to benefit 90,000 Singapore employers
About 70% will be disbursed to SMEs.
Keppel Infrastructure Trust raises placement and preferential offering proceeds by 11% to $500.8m
It cited strong demand from investors.
Daily Markets Briefing: STI up 0.07%
Don’t expect gains today.
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