SINGAPORE – Grab launched a food delivery service in Singapore on Monday (May 28), as it aims to position itself as a one-stop essential services app, beyond just ride-hailing. Starting as a taxi-booking app in 2013, the Singapore-headquartered start-up has since ventured into bicycle rental, e-payments, micro-financing and package delivery. Grab Singapore head Lim Kell […]
Read MoreSINGAPORE – The average cost of employing an expatriate in Singapore has shrunk by over US$12,000 (S$16,100) compared to the year before. This brings the value of a typical annual compensation and benefits package for an expatriate middle-manager in Singapore to US$223,095 (S$298,500) in 2017, down from US$235,545 in 2016. This was one of the […]
Read MoreSINGAPORE – Prices of completed private apartments and condominiums in Singapore dipped 0.3 per cent in April from the previous month. This is according to the National University of Singapore’s (NUS) flash estimates for its Singapore Residential Price Index (SRPI) released on Monday (May 28). The decline comes after prices rose 1 per cent month […]
Read MoreIN THE strongest public reprimand from Singapore regulators over digital tokens, the Monetary Authority of Singapore (MAS) has stopped an unidentified issuer of an initial coin offering (ICO) from continuing with its fund-raising bid, which was deemed as having broken rules governing securities and futures contracts. It is understood that the warning comes after the […]
Read MoreSINGAPORE: Singapore’s economy grew at a slightly faster pace in the first quarter than initially estimated, as factory activity remained robust, while an improvement in global demand prompted the government to upgrade its 2018 growth forecast. The economy grew 1.7% in the January-March quarter from the previous three months on an annualised and seasonally adjusted […]
Read MoreSINGAPORE/KUALA LUMPUR: Singapore’s third derivatives exchange kicked off trading on Friday with the launch of palm oil futures, as the largely China-backed bourse looks to get a foothold in the region in preparation for other contracts down the line. The Asia Pacific Exchange (APEX) hopes the U.S. dollar-denominated palm olein futures will give traders another […]
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