Economy
PayNow to include faster corporate cash transfers
PayNow to include faster corporate cash transfers
The scheme will be a part of the Singapore Quick Response Code which utilises mobile banking apps.
China's looser rules on foreign investors to ease foreign bank entry
It will allow easier entry for insurance-related businesses.
APAC IPO value crashed 21% in the first half of 2018
Overall initial public offering (IPO) value in the Asia Pacific region fell 21% to US$31.9b in the first half of 2018.
Dividends of Temasek-funded firms could jump 38.8% to $9.3b in 2018: report
DBS had the highest dividend in 2017 that amounted to $3.3b.
SMEs' bullish on prospects for H2 despite global trade tensions
The business services sector is the most consistently optimistic whilst retail/F&B recorded improvements.
Government workers to get mid-year bonus and $300 lump sum payment in July
About 1,450 civil servants with lower wage will receive a one-off $500 lump sum.
Crazy, rich Asians: APAC's ultra-wealthy population is world's richest in 2017
Their total wealth climbed 14.8% to US$21.6t.
Number of Singapore's ultra-rich jumped 11.5% to 122 in 2017
Their wealth was driven by GDP growth, home price recovery, and national savings.
Japan's trade deficit reached US$5.23b in May
There was a 20.7% YoY import increase in the energy sector.
Singapore NODX surged 15.5% in May
Non-electronics jumped 26.2% and offset the 7.8% decline in electronics.
Volatile pharma and food could dent NODX growth in May
Moody’s forecasts it could fall to 5.5%.
Daily Briefing: Temasek leads $60m funding round for US cybersecurity startup; SembCorp stock plunges to near 11-month low
And market watches question $15m Singapore shouldered for the Trump-Kim summit.
Over 4 in 5 economists worry trade frictions could heat up
But their forecasts for Singapore GDP remained at 3.2%.
Enterprise Singapore opens Kenya office
It will assist Singapore firms’ businesses in sectors like fintech, e-commerce, and logistics.
Job vacancies outnumbered the unemployed in March
The unemployed ratio improved from 0.92 in December 2017 to 1.04 in March 2018.
Singapore and Kenya ink deal to cut taxes and boost investments
Kenya's bilateral trade in goods reached $85.4m in 2017.
South Korea's 1.50% inflation rate falls short of target
Sluggish employment is experienced in the country.
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