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☆ Singapore is once again the world's most expensive city to live in, EIU says
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSingapore is once again the world's most expensive city to live in, EIU saysSyetarn Hansakul of the Economist Intelligence Unit explains the factors behind Singapore's position, including "demand-pull inflation" in housing and other resources.

Persons: EIU, Syetarn Organizations: Singapore, Economist Intelligence

[1/6] Ola electric scooters are seen outside the Ola Electric Service Centre, in Thane on the outskirts of Mumbai, India, October 25, 2023. Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. But he acknowledged service capacity issues and said Ola was "aggressively" bolstering its service network by adding 100 new centres and hiring more technicians. 'TESLA FOR WEST, OLA FOR REST'Aggarwal often declares, "Tesla is for the West, Ola for the rest", and he's a man in a hurry. "Electric vehicles are new to people so they aren't aware of how to ride the vehicle to maximise optimal output," he said.

Persons: Francis Mascarenhas, it's, Elon Musk, Aggarwal's Ola, Tesla, Ola, Devendra Ghuge, Aggarwal, Ola EVs, Ravi Bhatia, Bhatia, Japan's SoftBank, Ronald Radhakrishnan, Koradia, Riddhima Talwani, Aditi Shah, Rishika Sadam, Sriram, Arpan Chaturvedi, Anushree, Pandya, Francis Mascerehnas, Varun Vyas, Munsif, Jatindra, Saurabh Sharma, Sumit Khanna, Jose Devasia, Aditya Kalra Organizations: Ola Electric Service Centre, REUTERS, Staff, Reuters, JATO Dynamics, WEST, OLA, West, Singapore's Temasek, Industry, Hero Electric, TVS, EV, Ola, Fayaz Bukhari, Thomson Locations: Thane, Mumbai, India, THANE, HYDERABAD, DELHI, MUMBAI, Chennai, Bengaluru, India's, U.S, China, Kochi, New Delhi, Bhubaneswar, Lucknow, Ahmedabad, Jose, Srinagar

☆ Southeast Asia's first luxury hotel made from retired buses opens in Singapore — take a look inside
▼ + stars: | 2023-11-27 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +3 min

The resort hotel has 20 rooms which will be open for stays from Dec. 1, 2023. Source: The Bus CollectiveIt only costs a dollar to ride a Singapore bus — but 398 Singapore dollars to sleep in one. The Bus Collective is Southeast Asia's first resort hotel to repurpose decommissioned public buses into luxury hotel rooms. The resort hotel officially opens on Dec. 1 and bookings are now available on its website. A look into the resortThe Bus Collective is located in Changi Village, Singapore — occupying 8,600 square meters of land.

Persons: Queen Victoria Organizations: SBS Transit, Changi Village Hawker Centre, Changi East Boardwalk, Changi Chapel & Museum, CNBC, Changi Sailing Club, WTS Travel, LHN Group, Sky Win Locations: Singapore, Changi Village, Changi, Hamilton, Pulau Ubin

☆ Pack your jerseys. The era of 'sports tourism' is here
▼ + stars: | 2023-11-27 | by ( Randy Mulyanto | Marylou Costa | ) www.cnbc.com time to read: +6 min

Sports tourism, as it's called, is one of the fastest-growing sectors in the travel industry, according to the United Nations World Tourism Organization. "The sport tourism market will continue as long as new opportunities to play and compete exist," she said. Justin Setterfield | Getty Images Sport | Getty ImagesFor some countries, these events are an opportunity to raise their international standing. Patrick Smith | Getty Images Sport | Getty ImagesTravel + Leisure Co. and Sports Illustrated Resorts announced plans to open a network of sports-themed resorts in American college towns. Ryan Pierse | Getty Images Sport | Getty Images

Persons: Lisa Delpy Neirotti, George, Neirotti, Delpy, Justin Setterfield, Cristiano Ronaldo, Dustin Johnson, Saudi Crown Prince Mohammed bin Salman, Delpy Neirotti, Lewis Hamilton, Kym Illman, Jay Wardle, Narendra Modi, Robert Cianflone, Gianni Infantino, Major League Baseball —, Patrick Smith, GetYourGuide, Ryan Pierse Organizations: Summer, Games, Sports, United Nations World Tourism Organization, George Washington University's, Management, Sport, Padres, NFL, MLB, FIFA, Getty, CNBC Travel, Saudi Crown, Fox News, Adara, ICC Men's Cricket, The Bank of Baroda Economics Research, Narendra, MotoGP, Rugby, Las Vegas, Companies, Major League Baseball, Sports Illustrated Resorts, University of Alabama —, McLaren Technology, U.S ., CNBC, Olympic Games, Olympic Locations: Mexico City, Germany, London, Brisbane, Australia, Saudi Arabia, China, Qatar, Singapore, India, New Zealand, Indonesia, France, United States, Tuscaloosa , Alabama, U.S, New York

☆ Take a look inside Singapore's public housing estates, where 80% of the resident population resides
▼ + stars: | 2023-11-26 | by ( Amanda Goh | ) www.businessinsider.com time to read: +2 min

Singapore's public housing apartments are home to about 80% of the country's resident population. AdvertisementSingapore's skyline would not be complete without its candy-colored, high-rise public housing apartment blocks. In the US, public housing is intended for low-income families, seniors, or people with disabilities. AdvertisementIn Singapore, however, it's a different situation: Public housing units are where about 80% of the country's resident population lives. And in Singapore, public housing does not mean inexpensive housing.

Persons: —, I've, It's Organizations: Service, Housing Development Board, Straits Times Locations: Singapore, New York City

☆ An afternoon at the popular Chinese coffee chain that should be making Starbucks very, very nervous
▼ + stars: | 2023-11-24 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +7 min

A Chinese coffee chain called Luckin Coffee recently overtook Starbucks in China, beating the international coffee chain in sales in the second quarter of 2023, the Wall Street Journal reported on Sunday. Founded in Beijing in 2017, Luckin Coffee has staged a dramatic turn-around. AdvertisementCurious to see whether Luckin could live up to its Starbucks-killer hype, I headed over to a Luckin Coffee in Singapore's central Chinatown neighborhood on Thursday afternoon. Luckin Coffee and Starbucks did not respond to my requests for comment for this story. Ordering my coffee was machine-like: technical, efficient and impersonalA typical ordering experience on the Luckin Coffee app means you'll never have to interact with a human.

Persons: —, Luckin, Kai Xiang Teo, he'd, weren't, Amanda, didn't dally, Esther, I've, Jeremy Organizations: Service, Starbucks, Wall Street, Google, Singapore Locations: China, Beijing, China . Singapore, Singapore's, Chinatown, Luckin, Singapore, Hong Kong

☆ Alibaba, Baidu and more: Jefferies names Asian stocks with significant 'hidden value'
▼ + stars: | 2023-11-23 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Asian stock markets may have had a weak year, but excessive cash in the region's companies is a hidden opportunity for investors, according to Jefferies. Asian ex-cash P/E is just 9.1 times, indicating "significant value," Jefferies' analysts noted. The region's stocks are also "appealing from the shareholder return perspective," given stronger prospects of buybacks backed by free cash flows and high cash balances, they wrote. Jefferies screened for Asian companies with "significant ex-cash value and strong fundamentals," and which it said make "good candidates" for buybacks and dividends. Other Asian stocks that made Jefferies' list include Singapore's transport company ComfortDelGro and Indian oil and gas company Petronet .

Persons: Jefferies, JD.com, iPhones, — CNBC's Michael Bloom Organizations: MSCI HK, Baidu, China Communications Services, Qingdao Port International, Energy, Vipshop Holdings, Technology, Singapore South, Kia, Hyundai, Orion Corp Locations: Asia, Pacific, Japan, China, Qingdao, South Korea, Australia, Singapore, Singapore South Korean

☆ Asia markets poised to fall even as Wall Street goes into Thanksgiving with a rally
▼ + stars: | 2023-11-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Nicky Loh | Bloomberg | Getty ImagesAsia-Pacific markets are set for a lower open after Wall Street went into the Thanksgiving holiday with a broad based rally. The tech-heavy Nasdaq also saw greater participation, with 62.9% of the stocks in the index rising. The country saw its business activity contract at a faster pace in November, according to flash estimates from Judo Bank. South Korea's Kospi gained 0.18%, on pace for a fourth straight day of gains, while the small-cap Kosdaq also advanced 0.16%. Futures for Hong Kong's Hang Seng index stood at 17,692, pointing to a weaker open compared with the HSI's close of 17,734.6.

Persons: Nicky Loh, Australia's, Korea's Kospi Organizations: Bloomberg, Getty, Wall, New York Stock Exchange, Nasdaq, Judo Bank Locations: Bay, Asia, Pacific, October's

☆ Singapore expects economy to grow 1% to 3% next year, narrows 2023 outlook
▼ + stars: | 2023-11-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Economists polled by Reuters had expected GDP growth of 0.7%, the same as advance estimates by the government. On a quarter-on-quarter, seasonally-adjusted basis, GDP grew 1.4%, sharply higher than the 0.1% increase seen in the previous quarter. Following the results, MTI revised its Singapore GDP growth outlook for 2023 to "around 1%," from 0.5% to 1.5% forecast earlier. An ongoing recovery in air travel and tourism is likely to support Singapore's aviation- and tourism-related sectors such as air transport and accommodation. Resilient labor market conditions will also continue to support consumer-facing sectors including retail trade, and food and beverages.

Persons: MTI Organizations: Ministry of Trade, Industry, Reuters, Survey, Singapore Locations: Singapore, U.S

☆ Singapore's Temasek warns that fake agents in China are trying to sell scam investments
▼ + stars: | 2023-11-22 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

An undated photo of a signage at Singapore state investor Temasek Holdings' headquarters in the Southeast Asian city-state. Singapore's Temasek Holdings warned that scammers are allegedly trying to sell financial investment products or instruments to unsuspecting individuals while posing as agents of the firm's office in Shenzhen, China. "We have been alerted to a scam in China that involves the impersonation of Temasek in Shenzhen, using our registered office name 'Temasek Holdings Advisors (Shenzhen) Co., Ltd.' / '淡马锡投资咨询 (深圳) 有限公司'," Temasek said in a statement Wednesday. Temasek does not directly sell any investment products or financial instruments in China. We have not authorized any third party to do so on our behalf," the Singapore investment company added.

Persons: scammers, Temasek Organizations: Temasek Holdings, Singapore's Temasek Holdings, Temasek, Temasek Holdings Advisors, Co, Singapore, Apple, Ikea, Xinhua Locations: Singapore, Shenzhen, China, Beijing, Shanghai, Myanmar

☆ Asia stocks slip as dovish Fed cheer fades
▼ + stars: | 2023-11-22 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

But it fell 0.2% in early trade on Wednesday. Nasdaq futures (.IXIC) were down 0.2% and S&P 500 futures fell 0.1% early in the Asia day. They have fallen about 50 basis points since the Fed held rates steady early in the month. It was broadly steady at $1.0921 to the euro and 148.17 yen in early trade on Wednesday. In commodity markets Brent crude futures held just above their 50-day moving average at $82.64 a barrel.

Persons: Tyrone Siu, Naka, Rabobank's, Philip Marey, Jonathan Petersen, Michele Bullock, Changpeng Zhao, Sam Holmes Organizations: REUTERS, Rights, Japan's Nikkei, Nvidia, Nasdaq, Thursday's, Federal Reserve, Fed, Capital Economics, Bank of Japan, Reuters, Wednesday Reserve Bank of Australia, Thomson Locations: Exchange, Hong Kong, China, Rights SINGAPORE, Asia, Pacific, Japan, United States, U.S, Singapore

☆ Ahead of Indonesia’s elections, critics slam Jokowi for nepotism and ‘dynastic politics’
▼ + stars: | 2023-11-20 | by ( Nyshka Chandran | ) www.cnbc.com time to read: +7 min

Ulet Ifansasti | Getty Images News | Getty ImagesA year before stepping down as Indonesia's president, Joko Widodo is facing serious allegations of establishing a political dynasty through nepotism. The constitutional court, which was helmed by the president's brother-in-law Anwar Usman at that time, was widely criticized for changing the law, which enabled Jokowi's son to contest the election. Kompas Research and DevelopmentAccording to a poll in mid-October by Kompas Research and Development, 60.7% of respondents consider the participation of Jokowi's eldest son Gibran in the election as a form of dynastic politics. Son-in-law, Bobby Nasution Adding to Jokowi's political chessboard is also his son-in-law Bobby Nasution, the current mayor of Medan. The 'Jokowi effect'Analysts are now expecting what they call "a Jokowi effect" for the PSI and Gerindra parties.

Persons: Joko Widodo, Ulet Ifansasti, Joko, Gibran Rakabuming Raka, Prabowo Subianto, Gibran, Anwar Usman, Anwar, Kompas, Kaesang, Kaesang Pangarep, Bobby Nasution, Julia Lau, – Yusof, Jokowi's, Andi Widjajanto, Andi, Jokowi, Vedi Hadiz, Iriana Widodo, Gibran Rakbuming Raka, Lau, bode, Julia Lau ISEAS – Yusof Ishak, didn't, ISEAS – Yusof Organizations: Getty, Defence, Gerindra Party, Solo, Research, Kompas Research, Development, Indonesia Solidarity Party, PSI, Indonesia, Reuters, National Resilience Agency, Asia Institute, University of Melbourne, Afp, CNBC, Asia, Central Java, Indonesian Democratic Party of Locations: Jakarta, Indonesia, Ulet, Medan, Jokowi, Central Java, Afp, Southeast Asia, Ganjar

☆ Philippines' Marcos says Myanmar a difficult problem for ASEAN
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

Speaking at a forum in Hawaii streamed live in the Philippines on Monday, Marcos said there was commitment from the Association of Southeast Asian Nations (ASEAN), but the issue was complex, including the humanitarian impact. "There is a great deal of impetus for ASEAN to solve this problem. But it is a very, very difficult problem," Marcos said. The Philippines will chair ASEAN in 2026 after it replaced Myanmar as host that year. Marcos, citing analyses of the recent escalation, said the junta had already lost support from its own military.

Persons: Ferdinand Marcos, Jr, Vivian Balakrishnan, Sarun Charoensuwan, Pham Minh Chinh, Antonio Guterres, Joko Widodo, Marcos, upending, Mikhail Flores, Karen Lema, Neil Jerome Morales, Martin Petty Organizations: Singapore's, Vietnam's, UN, Southeast, ASEAN, Association of Southeast Asian Nations, United Nations, Thomson Locations: Philippines, Laos, MANILA, Myanmar, Hawaii

Adani has denied wrongdoing, saying that Indian authorities assessed its coal shipments before releasing them from ports. India's Supreme Court is also overseeing the market regulator's probe of Hindenburg's allegations. If India's Supreme Court allows the agency's latest request, it would then need to seek an order from Singapore's Court of Appeal to release the material. The Singapore court declined requests from Reuters last month to inspect related case documents, saying in written responses that the files were sealed. The stance adopted by Adani's companies in Singapore "created impediments" and the investigation "remains stalled", the revenue agency told India's Supreme Court in 2021 filings.

Persons: Adani, Hindenburg, Gautam Adani, Narendra Modi's, Modi, Lucien Wong, Adani's, Arpan Chaturvedi, Aditya Kalra, Sudarshan Varadhan, David Crawshaw Organizations: Adani Group, Revenue Intelligence, Adani, Adani Enterprises, Reuters, India's, Ministry of Finance, Ministry of Home Affairs, Hindenburg Research, Investigators, Singapore Attorney, Thomson Locations: India, DELHI, Singapore, Adani, Gujarat, Indonesia, SINGAPORE, Singapore's, Mumbai, New Delhi

☆ It's starting to look like majoring in computer science isn't the road to the promised land of money and job security after all
▼ + stars: | 2023-11-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Many computer science majors say job hunting has become tougher after layoffs hit the industry. Ben Leong, a Singaporean computer science professor, said getting a job was never easy. He told Insider he picked his major because he was interested in technology — and also because of the industry's salaries. Wong told Insider last month that he's applied to 17 jobs and has heard back from five companies. AdvertisementAdvertisementBryan Ho, a 23-year-old junior studying computer science at the National University of Singapore, told Insider he's applied for roughly 100 internships.

Persons: Ben Leong, —, Joel Wong, Wong, Bryan Ho, he's, Ho, Ethan Ang, Ang, sprees, That's, Leong, Aline Lerner, Insider's Kali Hays, NodeFlair's Ang Organizations: Service, National University of Singapore, Tech, Facebook, Google, Big Tech, MIT Locations: Singapore, Asia, The Singapore, Southeast Asia

☆ I'm a 24-year-old straight-A student who has been obsessed with buses since childhood. I skipped college to work my dream job.
▼ + stars: | 2023-11-07 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +6 min

The straight-A student said it's a misconception that working with buses is a dead-end job. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with Matthew Tay, an operations supervisor in Singapore for Tower Transit, a local bus company. When I was older, I joined a 400-member Facebook group called "Singapore bus enthusiasts." Now I'm the behind-the-scenes guy who keeps things runningAs an operations supervisor, I work in shifts. AdvertisementAdvertisementAs an operations supervisor, I'm comfortable with the salary I make and don't feel like I'm under financial pressure.

Persons: acceptances, Matthew Tay, —, I've, Singapore Management University —, It's, Tay, Transit Matthew Tay, I'm Organizations: Service, Tower Transit, Facebook, National University of Singapore, Nanyang Technological University, Singapore Management University, Transit Locations: Singapore, Hougang, Tuas, Tower Transit Singapore, there's

DBS, which is also Southeast Asia's largest lender, has already forecast a record full-year profit for the current year. "Net profit (for 2024) to be maintained around record 2023 level," CEO Piyush Gupta said in results presentation materials. The bank's July-September net profit rose to S$2.63 billion ($1.94 billion) from S$2.24 billion a year earlier as total income grew to a record on higher interest margins and fee income. Besides higher global interest rates, Singapore banks have benefitted from strong inflows of wealth drawn in by the city-state's political stability. Smaller peer United Overseas Bank (UOBH.SI) reported in end-October a weaker-than-expected 1% drop in third-quarter net profit.

Persons: Ann Wang, Piyush Gupta, Gupta, Yantoultra Ngui, Josie Kao Organizations: DBS, REUTERS, Bank, Q3 SINGAPORE, LSEG, United Overseas Bank, Chinese Banking Corp, Thomson Locations: Taipei, Taiwan, Singapore

☆ Singapore's largest bank DBS beats forecast, quarterly profit jumps 17%
▼ + stars: | 2023-11-06 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

The Singapore bank also declared a dividend of 48 Singapore cents for each ordinary share for the third quarter. It was higher that analysts' estimates compiled by LSEG, which predicted a quarterly profit estimate of SG$2.5 billion for the July to September quarter. During the quarter, net profit rose to 2.63 billion Singaporean dollars ($1.94 billion) compared to SG$2.24 billion a year ago. Southeast Asia's largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting from a high-interest rate environment. Smaller rival United Overseas Bank posted a 1% drop in third-quarter net profit in October, missing analysts' expectations.

Persons: Piyush Gupta, Gupta Organizations: LSEG, DBS Group, DBS, United Overseas Bank, Chinese Banking Corporation Locations: Singapore

Singapore's Deputy Prime Minister and Minister for Finance Lawrence Wong delivers the Singapore Energy Lecture during the 15th Singapore International Energy Week, in Singapore October 25, 2022. REUTERS/Isabel Kua/File Photo Acquire Licensing RightsSINGAPORE, Nov 5 (Reuters) - Singapore Prime Minister Lee Hsien Loong on Sunday said he will hand leadership of the ruling People's Action Party to Deputy Prime Minister Lawrence Wong as soon as the party's 70th anniversary in November 2024, a year before an election is due. He has served as party secretary-general and prime minister since 2004 and last year chose Wong, who is also finance minister, as his successor. Therefore, I intend to hand over to DPM Lawrence before the next general election," Lee said at an annual party conference. He served as Lee's principal private secretary from 2005 to 2008 and led the education and national development ministries before becoming finance minister in 2021 and deputy prime minister last year.

Persons: Finance Lawrence Wong, Isabel Kua, Lee Hsien Loong, Lawrence Wong, Wong, Lee, Lee Kuan Yew, DPM Lawrence, Walid Jumblatt Abdullah, Chong Ja Ian, Chen Lin, Michael Perry, Christopher Cushing Organizations: Finance, Singapore Energy, Singapore International Energy, REUTERS, Rights, Singapore Prime, Party, Monetary Authority of, Nanyang Technological University, Still, National University of Singapore, Thomson Locations: Singapore, Rights SINGAPORE, Lawrence, Monetary Authority of Singapore

SINGAPORE (AP) — Singapore Prime Minister Lee Hsien Loong said Sunday he planned to bow out and hand over power to his deputy, Lawrence Wong, late next year, before the 2025 general election. He has served as head of the long-ruling People's Action Party, or PAP, and as prime minister since 2004. Therefore, I intend to hand over to DPM (Deputy Prime Minister) Lawrence before the next general election,” Lee said at a party conference. I will do my best to help him fight and win the next GE (general election),” Lee added. Lee is the eldest son of Lee Kuan Yew, who became Singapore's first prime minister and built the resource-poor city-state into one of the world’s richest nations during 31 years in office.

Persons: Lee Hsien Loong, Lawrence Wong, Lee, Wong, “, Lawrence, ” Lee, PAP's, Heng Swee Keat, Heng, Lee Kuan Yew Organizations: SINGAPORE, — Singapore, Party, GE, COVID, Finance, PAP Locations: Lawrence

☆ Singapore Deputy Prime Minister Lawrence Wong to lead ruling party before general election
▼ + stars: | 2023-11-05 | by ( ) www.cnbc.com time to read: +1 min

Singapore's Deputy Prime Minister and Finance Minister Lawrence Wong attends the Singapore-India Hackathon ahead of the G20 Finance Ministers, Central Bank Governors (FMCBG) and Finance & Central Bank Deputies (FCBD) meetings in Gandhinagar on July 16, 2023. (Photo by Sam PANTHAKY / AFP) (Photo by SAM PANTHAKY/AFP via Getty Images)Singapore Prime Minister Lee Hsien Loong said on Sunday that Deputy Prime Minister Lawrence Wong will take over from him as leader of the ruling People's Action Party before the next general election due by November 2025. With the PAP widely expected to continue dominating elections, Wong is likely to become Singapore's next prime minister. Lee, who has served as prime minister since 2004, is the eldest son of Singapore's founding father, Lee Kuan Yew. He announced last year that Finance Minister Wong, 50, would be his successor and promoted him to be his deputy.

Persons: Lawrence Wong, Sam PANTHAKY, Lee Hsien Loong, Wong, Lee, Singapore's, Lee Kuan Yew, DPM Lawrence Organizations: Finance, G20, Ministers, Central Bank Governors, Finance & Central Bank Deputies, SAM PANTHAKY, Getty Images, Singapore, Party Locations: Singapore, India, Gandhinagar, AFP, Lawrence

☆ Singapore’s Changi Airport fully reopens Terminal 2 following huge expansion
▼ + stars: | 2023-11-03 | by ( Karla Cripps | ) edition.cnn.com time to read: +5 min

CNN —Singapore’s Changi Airport has fully reopened Terminal 2 following a massive 3.5-year expansion project. But it was the introduction of some previously unheard-of amenities that really got the world’s travelers to take notice. Changi Airport Terminal 3 – which now has a 12-meter-high mega slide and a butterfly garden – entered the picture in 2008. Featuring a dramatic, doughnut-shaped exterior framed in steel and glass, the 135,700-square-meter space is a multi-use complex that connects three of Changi Airport’s four terminals. Meanwhile, airport officials have already revealed plans for Terminal 5, which is expected to open to travelers in the mid-2030s.

Persons: ”, Lye, Tang, Li Bai’s, Li Bai, Nam Kee, what’s Organizations: CNN, Group’s, Lotte, Harry’s, CNN Singapore Changi Airport, Hamad International Airport, Changi, HSBC Locations: Changi, Lye Teck, Singapore, Doha, Qatar, Forest

☆ Tencent, Alibaba and more: These firms are primed for buybacks and present opportunities, says Jefferies
▼ + stars: | 2023-11-02 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Announcements of big buyback programs in the region have been rising since 2021, "with a long runway ahead" given the trend's nascence, the firm's analysts wrote in an Oct. 25 research note. Here are some names from Jefferies' screen of companies that are set to "initiate or continue significant buybacks." Other Asian stocks that made Jefferies' list included Singapore's transport operator ComfortDelGro and Indonesian mining player United Tractors. Australian stocks featured on Jefferies list included gaming content and tech firm Aristocrat Leisure and steel manufacturer BlueScope Steel . Financial companies Jefferies' screen also included financial companies in Asia Pacific that are potentially buying back their shares.

Persons: Jefferies, Baidu, PE Reilly, Thailand's, — CNBC's Michael Bloom Organizations: Jefferies, MSCI, Companies, PE, China United Network Communications, Yunnan Baiyao Group, Energy, Vipshop Holdings, Foxconn Technology, South Korea, Kia, Samsung, LG Corp, United Tractors, BlueScope Steel, Financial, Thai Bank, Chartered Locations: Asia, MSCI Asia, Japan, China, Pacific, Yunnan, South Korea, Australia, South, Asia Pacific, Thai, Philippines

☆ How Singapore is helping 'future-food' companies scale up
▼ + stars: | 2023-11-01 | by ( Sponsor Post | Created Insider Studios With Edb Singapore | ) www.businessinsider.com time to read: +7 min

Global food-tech innovators like Corning Life Sciences and ScaleUp Bio are among those setting up shop. Inside a lab on the west coast of Singapore, the future of food production is being developed — or fermented, to be more precise. The company is ScaleUp Bio, a local contract development and manufacturing organization that provides submerged microbial and precision fermentation for food-tech startups. In the long term, this will reduce costs compared to traditional agricultural methods and help make food production more sustainable. Despite the sector's immediate funding challenges, Singapore is committed to being a consistent partner and helping companies with similar goals achieve success.

Persons: ScaleUp, Francisco Codoner, John Shyu, Shyu, ScaleUp's Codoner Organizations: Global, Life Sciences, ADM, Nurasa, Temasek, Deloitte, Good Food Institute, Singapore Government, Corning Life Sciences, Singapore's Agency for Science, Technology, Research, GFI, Food, Insider Studios, Singapore Economic Development Board Locations: Singapore, Southeast Asia, agrifood, Asia

☆ Singapore's river-cleaning robots are producing 80% less carbon emissions than the human-powered boats they replaced
▼ + stars: | 2023-11-01 | by ( Sarah Sloat | ) www.businessinsider.com time to read: +5 min

There are barista robots, construction robots, surgeon robots, and eldercare robots. And now another group of robots using 5G technology has entered the scene: river-cleaning robots. Weston Robot, a Singaporean company that develops robotic solutions, designed and produced the robots. The 5G cleaning robots replaced gas-powered boatsBefore the robots, people operating gas-fueled boats cleaned the waterways around Marina Bay. The IMDA said the robots, which run on a battery charge, can reduce carbon emissions by about 80% compared to the boats.

Persons: —, they're, Singapore's, Yanliang Zhang, Weston Robot, Zhang, IMDA Organizations: Service, Weston Robot, Infocomm Media Development Authority, Singapore's Ministry of Communications, Information, Weston, National University of Singapore, LTE Locations: Singapore, Marina Bay, Marina

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