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Daily Briefing: Singapore Exchange turns to dual-share system; How safe is Keppel's dividend?
And here’s the cost of marriage for expats in Singapore.
From Reuters: Singapore's plans to become the first Asian bourse to allow dual-class share listings is catching the attention of tech entrepreneurs and could help turn a staid market into a buzzing tech hub, as the city-state looks to rebrand its image. Singapore Exchange's boldest move in years is designed to make it the go-to-place for potential IPOs for Southeast Asian startups, such as ride-hailing services Grab and GO-JEK, and online retailers Tokopedia and India's Flipkart.
From the Motley Fool: In late January, property development and marine engineering conglomerate Keppel Corporation Limited released its earnings for the fourth quarter of 2016 and announced a final dividend of $0.12 per share. With that, the company’s total dividend for 2016 was brought to $0.20 per share, representing a significant 41% reduction from 2015’s dividend of $0.34 per share, which was itself already 30% lower than 2014’s dividend of $0.48 per share. This series of dividend cuts raises a big question: How safe is Keppel Corporation’s dividend?
From Zuu Online: Singapore law permits visiting foreigners to get married when they are in the country. However, these marriages need to be registered with the government as do marriages between a Singapore citizen or permanent resident and an expat. In fact, all marriages in the country need to follow the steps that the Registry of Marriages, Singapore, has laid down.
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