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Daily Briefing: Sembcorp's nightmares in India; Polytechnics to add fintech courses in banking and IT


And here are five money saving tips for landlords in Singapore.

From The Motley Fool Singapore:

SembCorp Industries Ltd (SGX: U96) has big dreams for India. But the dreams could be turning into a nightmare.

At the end of 2016, operations in India had a gross power capacity of 3,611 megawatts (MW), accounting for almost a third of the conglomerate’s overall capacity. The mainstay of the Indian operations was the 2,640 MW Sembcorp Gayatri Complex, which comprises of Thermal Powertech Corporation India Limited (TPCIL) and Sembcorp Gayatri Power (SGPL).

Unfortunately, SembCorp Industries’ big bet on India hasn’t quite panned out.

Read more here.

From Tech in Asia: 

Polytechnics in Singapore are about to start teaching fintech with the help of Germany-headquartered Fidor Bank.

Fidor is a digital bank that partners with other companies and clients to advise on and build digital banking services. This includes financial APIs, middleware, and internet banking products.

The bank is working with the Monetary Authority of Singapore to insert the Fidor Student Academy Singapore program into the curriculum of banking and IT-related diplomas offered by five polytechnics in the city-state.

Read the rest of the story here.

From ValuePenguin via Yahoo!: 

Many Singaporeans dream of having more than two properties, one as a home and the other as a form of investment property that can earn a rental income. However, being a landlord entails huge costs such as property tax and the cost of upkeep. To help you optimise your financial position as a landlord, below we discuss some ways that can help reduce the cost of your property ownership.

For landlords, using tax deductions can be a great way to reduce rental income taxes. Rental income tax can be around 10-15% of your monthly rent collection, which can add up to a significant amount over the course of a year.

Check out the story here.


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