Daily Briefing: Acquisitions boost Surbana Jurong's growth; What you need to know about DBS' oil and gas exposure

And tech startups can now IPO in Singapore.

From Yahoo!: Over the past year, Singapore-based Surbana Jurong has signed a series of collaboration and partnership agreements with various companies. The latest was on May 25, when it announced a partnership with Moshe Safdie of Boston-based Safdie Architects. Safdie is renowned for the projects he has designed in Singapore — Marina Bay Sands, Jewel at Changi Airport and Sky Habitat in Bishan. Overseas, he is famous for Habitat 67 in Montreal, the Yad Vashem Holocaust Museum in Jerusalem and the National Gallery of Canada.

From The Motley Fool Singapore: DBS Group Holdings Ltd held its 2017 first quarter earnings briefing at the beginning of May. Piyush Gupta, the chief executive officer of DBS Group, spent a good amount of time in the briefing talking about the bank’s exposure to the oil and gas industry. Gupta said that the offshore support services segment accounted for around $7 billion in exposure, relatively unchanged from a quarter ago. From this exposure, $1.8 billion belonged to state-owned or government-linked shipyards.

From Vulcan Post via Yahoo!: Although our country has a strong economy, Singapore hasn’t been a particularly attractive place for IPOs, the latest down the list being Sea’s preference for US instead. Startups tend to list in Australia (ASX) instead, due to the perception that investors there are more tech-savvy, Channel News Asia reported. One reason is because local investors are more conservative, so small tech firms tend to not receive high valuations. Secondly, the SGX is considered attractive only for real estate listings (REITs).

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