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M1 takes its turn in 5G trials

18 Jan 2017 - Singapore Business Review
It achieved the highest 5G transmission speeds of 35Gbps. Ahead the full deployment of 5G trials in 2020, M1 and Huawei announced that they have successfully achieved Singapore’s highest 5G transmission speeds of 35Gbps. The M1-Huawei demonstration, using millimeter wave (mmWave), was conducted over ...

Why Sembcorp should not expect much from its shipyard segment

18 Jan 2017 - Singapore Business Review
Its new build orders will likely remain below required replenishment levels. Sembcorp Marine's earnings outlook for shipyards remains weak, a report by UOB KayHian noted. This comes as new build orders are likely to remain below the $4b to $5b order replenishment level that the group requires annually. ...

SG Dealbook: SIIC placement; United Oil venture in Myanmar

18 Jan 2017 - DealStreetAsia
SIIC Environmental raises funds in a placement of shares to a substantial shareholder and United Oil is forming a Myanmar joint operation with Lighthouse Enterprise. SIIC Environment Holdings is placing out 350 million new shares at 63 cents – translating to gross proceeds of S$220.5 million – to controlling ...

NTUC urges Singapore to support ‘returnship programme' for women workers

18 Jan 2017 - Singapore Business Review
The group also calls for improved productivity schemes ahead the Budget 2017. Ahead of the Budget 2017, the National Trade Union Congress calls for the Singapore government to endeavour a labour force that is competitive. One such proposal is for the government to support women looking to re-enter the ...

Singapore: GIC joins L Catterton group to acquire Leslie’s Holdings, Inc.

18 Jan 2017 - DealStreetAsia
A group led by L Catterton, the largest consumer-focused private equity (PE) firm in the world, announced on 17 January 2017 that it is acquiring Leslie’s Holdings, Inc. (Leslie’s), the world’s largest retailer and online marketer of swimming pool and spa supplies and services. An affiliate of Singapore’s ...

Surge in exports no cause for joy, experts warn

18 Jan 2017 - Singapore Business Review
Risks abound from high debt, rising interest rates. Singapore impressively outperformed dreary economic forecasts in December, with latest export data booking a strong 9.4% increase. However, analysts warn that the outperformance does not mean that the domestic economy is finally out of the woods. “Even ...

CCT's net income up 35.4% to $70.7m in Q4

18 Jan 2017 - Singapore Business Review
CapitaGreen's contribution finally kicked-in. CapitaLand Commercial Trust Management announced that CCT recorded higher net income in 4Q16 compared to a year ago, which translated into a 10.1% increase in distribution per unit of 2.39 cents. Meanwhile, gross revenue increased by 32.7% to $89.7m. and ...

Singapore to boost Asia's smart home market

18 Jan 2017 - Singapore Business Review
Growth in the region is expected to reach US$115m in 2030. Singapore, amongst other highly-connected economies, will play a vital role in boosting Asia's smart home market, which is expected to reach US$115m in 2030. This would account for 30% of the global share, according to global management consulting ...

Daily Briefing: GIC said to hit government snag in Vietnam deal; Property market stabilising, says MAS chief

18 Jan 2017 - Singapore Business Review
And here are 10 leading companies in Singapore. Singapore sovereign fund GIC Pte has hit a snag as it seeks government approval for its planned investment in Bank for Foreign Trade of Vietnam JSC, the nation’s biggest lender by market value, people with knowledge of the matter said. The deal, originally ...

Chart of the Day: Check out which region recorded the highest home sales in 2016

18 Jan 2017 - Singapore Business Review
In December alone, OCR accounted 77% of sales. According to PropNex Realty, Outside Central Region accounted for the bulk of private home sales in the past year. For December 2016, Outside Central Region (OCR) accounted for 444 units sold, or 77%, with the balance in the Rest of Core Central Region (RCR) ...