HNA Group Plans to Acquire CWT for $1 Billion
HNA Group Co. plans to acquire logistics provider CWT Ltd. after almost a year of exclusive talks in a deal valuing the Singapore company at about S$1.4 billion ($996.4 million). Bloomberg’s Haslinda Amin reports on “Bloomberg Daybreak: Asia.”
Singapore ‘stooges’ want for ATO rules
The time has come for the Commonwealth to provide some indelible clarity on government’s expectations of Australian exporters that choose to use Singapore as the most logical, transparent and secure gateway into regional markets generally and China’s seaborne raw materials supply chain very specifically.
— Financial Review
Manufacturing muscle boosts economy
The outlook for Singapore’s economy is brightening on the back of export-led growth in the resurgent manufacturing sector.
— The New Paper
Singapore’s DBS to boost private banking in London
Singapore’s DBS, south-east Asia’s biggest bank by assets, will use a new UK licence to quadruple the size of its hitherto tiny London wealth management operation, in a post-Brexit endorsement of the UK as a destination for rich Asian investors.
— Financial Times
UOB, OCBC customers can now withdraw cash from both banks’ ATMs for free
Need to withdraw some cash but don’t see your bank’s automated teller machine (ATM) nearby?
— Asia One
HNA Group to offer $2.33 a share for logistics group CWT
Chinese conglomerate HNA Group has tabled a pre-conditional general offer for logistics provider CWT after almost a year of exclusive talks with CWT’s three controlling families.
— The Straits Times
Singapore To Buy Maritime Aircraft, UAVs
New aircraft will greatly lift Singapore’s patrol capacity
— Aviation Week
Singapore’s Bolt Media renames itself content.co
Singapore-based startup Bolt Media has changed its name to content.co after claiming to have “outgrown” its original moniker.
— Mumbrella Asia
Singapore: Saleswhale closes $1.2m seed led by GREE Ventures
Singapore-based Y Combinator (S16) startup Saleswhale, has closed a $1.2 million seed round led by GREE Ventures. Other investors participating in the seed round are Monk’s Hill Ventures, Wavemaker Partners, the company announced Monday.
— Deal Street Asia
Oil prices firm on strong demand, political uncertainty in Syria
Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although another rise in U.S. drilling activity kept a lid on gains.
— The Star Online
Rakuten invests $2.8m in Singapore-based serviced apartment startup
Singapore-based serviced apartment MetroResidences today announced it’s all set for expansion to key Asian business cities after raising US$2.8 million in series A funding from Japanese ecommerce titan Rakuten.
— Tech In Asia
Collective action to meet community needs sustainably
AS companies today find themselves caught between the dilemma of limited resources and the compelling desire to create social impact, it is increasingly apparent that the key lies in collective solutions.
— The Business Review
Easier way for parents to settle kids’ school matters
From paying fees to granting permission for activities, parents can soon settle their children’s school matters online.
— The New Paper
Ecosystem for start-ups needs strengthening
It is again evident, and not surprising, that Singapore has a robust ecosystem for start-ups (S’pore beats Silicon Valley for start-up talent: Survey; March 22).
— Today Online
Government cites progress in foreign workers’ housing conditions
The foreign worker housing landscape has improved over recent years as the government has stepped up enforcement and raised standards, Minister of Manpower Lim Swee Say said last week.
More neighbourhood centres set for a new shine
Estate upgrading plans are afoot in 14 neighbourhood centres (NCs) across Woodlands, Toa Payoh and Pasir Ris, potentially featuring new works such as playgrounds and shelters built under a Housing Board scheme.
— The New Paper
The best business class on Melbourne-Singapore flights
Melbourne-based travellers are quite literally spoiled for choice when jetting to Singapore with no less than five airlines offering non-stop flights including Qantas and Singapore Airlines, but also Emirates, Jetstar and Scoot.
— Australian Business Traveller
Passion card, vouchers among perks for national servicemen
National servicemen will receive a complimentary NS50 PAssion card with a five-year membership, on top of benefits announced previously to mark 50 years of National Service (NS).
— Today Online
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