• Less than 15 percent of long-term LNG supply contracts will expire in the next five years, according to data compiled by Bloomberg. Meanwhile, new projects in Australia and the U.S. are saturating the world with LNG, depressing spot prices this year in Asia’s energy trading hub of Singapore even as oil has risen about …

  • Singapore’s biggest banks are in talks about setting up a system for sharing information on prospective clients, in an effort to combat money laundering in the city-state. DBS Group Holdings Ltd., Oversea-Chinese Bank Corp. and United Overseas Bank Ltd. are exploring the possibility of a countrywide model for anti-money …

  • Singapore will spend A$2.25bn upgrading military training facilities in Australia and more than double the number of defence force personnel it sends there every year for training, both governments said ...

  • As the authorities try to control the frenzied trading that has taken over the Dalian Commodity Exchange, another marketplace almost 3,000 miles away is reaping the profits. While speculative trading engulfed Chinese iron-ore contracts, monthly open interest in Singapore jumped to a record at the end of March. Average …

  • Members of Singapore Armed Forces and Australian Defence Force land on the beach during a preview of Exercise Trident, part of Exercise Wallaby, at Freshwater Bay in Rockhampton, Queensland, in 2014

    Singapore will invest up to US$1.67 billion in Australia's defence infrastructure and hike troop numbers it sends for training, Prime Minister Malcolm Turnbull said Friday. The new agreement also includes commitments to open markets and trade and increase collaboration in science and research, he said, adding it would …

  • Singapore still among Asia's most active retail markets as more F&B players set up shop

    There were 63 new entrants in total. Restaurants continued to sprout up across Singapore despite ongoing headwinds in the retail market, revealed a report by CBRE. The survey showed that Singapore ranked second in the Asia Pacific region for the number of new entrants with cafes and restaurants making up 23 of the 63 …

  • HNA Group Co., the acquisitive owner of China’s fourth-largest airline, has approached the largest shareholder of CWT Ltd. to express interest in a possible bid for control of the Singapore logistics company, people with knowledge of the matter said. The Loi family that controls CWT will discuss HNA’s interest in coming …

  • Singapore, Australia ink landmark deal to deepen economic, defense ties

    Singapore and Australia have inked a landmark agreement to deepen their ties in a number of areas, including economic integration, defence cooperation, innovation and entrepreneurship, and people-to-people ties, the Ministry of Foreign Affairs (MFA) said in a release. A key aspect of the agreement is the third review of …

  • GrabTaxi Holdings Pte, Southeast Asia’s largest ride-hailing service, was sued by a former chief technology officer who said it failed to grant him stock he was entitled to upon his exit. Zhu Wei , a former Facebook Inc. engineer, worked at the company now known as Grab between August 2014 and July 2015. Zhu said he’s …

  • Ascendas REIT’s income jumps 15.3% to $533.7m in FY16

    New acquisitions have served Ascendas REIT (AREIT) well, as net property income for FY16 jumped 15.3% YoY to $533.7m. The company enjoyed increased contributions from new properties, including the 27 logistics properties in Australia, as well as The Kendall, Hyflux Innovation Centre and ONE@Changi City in Singapore. In …

  • HDB Resale Flat Volume Hits New High Post Cooling Measures

    The number of HDB resale flats sold in Singapore in April this year has hit a new high with 1,828...

  • Singapore, once seen by many tourists as simply a quick stopover on the way to the beaches of Thailand, is quickly becoming a hot spot with visitor numbers overtaking that of more established destinations. ...

  • Telco wars heat up as new MVNO unveils pricing plans

    A new mobile virtual network operator (MVNO) has launched its pricing plan for its post-paid mobile service in Singapore. According to OCBC, the launch of Circles.Life will intensify competition among the country’s telcos, which are already grappling with the possible entrance of a fourth full-fledged mobile operator. …

  • UK-based Select Property Group recently opened an office at the CapitaGreen office building in Singapore, to take advantage of the ongoing demand for lucrative investment properties in Britain. “Asia is one of the most important growth markets for Select – more than 18 percent of our investors come from this region,” said …

  • Emerging-market stocks headed for their biggest weekly loss in three months as speculation the Federal Reserve will raise interest rates this year sapped investor appetite for higher-yielding assets. A gauge of developing-nation currencies was poised for its biggest five-day drop since the start of January as the dollar …

  • Chart of the Day: Mall vacancy rate hits record high as retailers exit

    Prices and rentals of retail space in Singapore continued to slide in the first quarter, while the overall vacancy rate inched up to its highest level in at least five years. Statistics from the Urban Redevelopment Authority (URA) show that the island-wide vacancy rate of retail space rose to 7.3% as at the end of Q1, …

  • Gold headed for a weekly decline as investors await a U.S. jobs report Friday that may give a better idea of whether the Federal Reserve will raise interest rates next month. Bullion for immediate delivery fell as much as 0.3 percent to $1,274.57 an ounce before trading at $1,276.48 by 9:31 a.m. in Singapore, according …

  • Singapore’s tourism industry is proving to be a bright spot in an otherwise sluggish economy, partly due to the opening of two casinos in 2010 that’s helped to double the number of Chinese visitors to the city state. Gaming and entertainment revenue is the largest single source of Singapore’s tourism income, accounting …

  • Top 5 Most Fun Pre-schools In Singapore

    The little ones these days (and their parents) have a ton of options when it comes to pre-schools....

  • Daily Briefing: Singapore is unlikely tourist hotspot; Luxury home prices up 5.4%

    Singapore is no longer just a stop-over point for tourists catching connecting flights to beaches in Thailand and Bali. Singapore recorded the eighth largest growth in luxury home prices in Knight Frank’s latest Prime Global Cities Index, with values rising 5.4 percent in Q1 2016 from a year ago. “The annual price increase …

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