Singapore

Bitcoin charges through $14,000 as investors pile in

Bitcoin hit a fresh record of $14,000 Thursday as investors piled in, triggering a warning the cryptocurrency was "like a charging train with no brakes" which would inevitably slip back.It touched a new a high of $14,400 in Asian trade before slipping back to $13,900, according to Bloomberg News.

7 December 2017
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Singapore announces ASEAN 2018 chairmanship priorities

“These are interesting times to be alive,” Singaporean Foreign Minister, Vivien Balakrishnan told a room full of journalists, former ambassadors, diplomats and academics at the ISEAS – Yusuf Ishak Institute on Tuesday.That was the precursor to his lecture entitled “ASEAN: Next 50” on charting the next 50 years for the association as it celebrates its golden jubilee this year.

6 December 2017
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Singapore property bulls ignore Central bank's warning into 2018

Singapore developers may extend their share rally into 2018 on a reviving home market, according to money managers and analysts, who say the central bank’s warning on a potential oversupply may not play out for years. After double-digit gains this year, Morgan Stanley sees a 42 percent jump in shares of CapitaLand Ltd., the nation’s largest developer, and a 24 percent increase in City Developments Ltd., the second-biggest, in the next 12 months.

6 December 2017
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Singapore piracy prompts Hollywood lobby for crackdown

Singapore, which prides itself on being a haven for law and order, is being called a haven for pirating copyrighted programming by entertainment titans such as Walt Disney, HBO, the National Basketball Association and the English Premier League.Viewers in the city-state buy legitimate set-top boxes that also allow unauthorised streaming of thousands of movies, TV shows and live sporting events, said the Coalition Against Piracy. Its 21 members, including divisions of Sony Corp.

4 December 2017
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Singapore’s commitment to climate change in 2018

Climate change refers to the human-induced warming of the Earth, due to deforestation and the excessive consumption of resources that result in the production of heat-trapping greenhouse gases. Though there are a number of human activities that can cause climate change, urbanisation and development is the largest driving factor in this era of modernisation, digitalisation and fast-paced culture. Singapore has announced earlier this month that 2018 will be the “Year of Climate Action”.

1 December 2017
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Singapore property prices vulnerable to rising supply: MAS

The rising supply of homes and slowing population growth may undermine the recent recovery in Singapore residential property prices, the country’s central bank said.Future development projects could potentially add 20,000 private housing units over the next one or two years, more than doubling the existing number available for sale, the Monetary Authority of Singapore said in its annual financial stability report published Thursday.“Over the medium term, as these development projects are prog

30 November 2017
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Temasek exploring $1 B Zuellig Pharma stake sale

Temasek Holdings Pte is exploring a sale of its stake in Asian drug distributor Zuellig Pharma, people familiar with the matter said.The Singapore state investment firm has been speaking with advisers about a potential sale of its 20 percent stake in Zuellig Pharma, which commands vast pharmaceutical distribution networks in about a dozen Asian markets, according to the people.

28 November 2017
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Singapore, Hong Kong and the IPO battle

Hong Kong is eroding Singapore’s home advantage. 14 companies based in the Southeast Asian city have chosen to list on their home stock market this year, compared with 13 on the bourse operated by Hong Kong Exchanges & Clearing Limited, according to data compiled by Bloomberg.It’s not all bad news for the Lion City: Singapore Exchange Ltd. beats HKEX in funds raised from the initial public offerings.

28 November 2017
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Singapore snubbed as China rules Asian dollar-bond market

It’s been a banner year for Asia’s dollar-bond market, with an unprecedented pace of sales and dozens of debut issuers. But in Singapore, one of the region’s main financial hubs, there’s a note of gloom among its fund managers.The tropical city is starting to get left out in the cold when it comes to marketing offshore dollar debt, in another sign of the increasing influence of China.

27 November 2017
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Will driverless cars be common in Southeast Asia?

Autonomous cars have been all the rage in recent years.Car manufacturers like Audi have made developments in autonomous cars a big part of their marketing push. It’s not hard to see why, considering how drastically the technology could affect one the world’s most fundamental experiences: driving. Since Henry Ford first made driving affordable in 1908, a key part of the driving experience has been the requirement for a human driver.

26 November 2017
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French Energy Giant Looks To Biogas In Indonesia, Malaysia

ENGIE – a French multinational company with operations located across 70 countries, is one of the world's leading energy giants in the renewable energy sector. The ENGIE Group also works with its own research and development lab known as the Center for Research and Innovation on Gas and New Energies (CRIGEN).

25 November 2017
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