Daily Briefing: SGX goes after tech startups; Is a turnaround in sight for SingPost?
And here's the latest addition to the burgeoning meal-sharing industry in Singapore.
From CNBC via Yahoo!: Singapore's sole stock exchange is gunning for more initial public offerings from technology firms as it seeks to alter perception that the city-state is an attractive listing destination only for real estate investment trusts (REITs). To do that, it has tied up with the city state's technology and media regulator to help young tech companies in Singapore prepare to list on the exchange.
From Shares Investment via Yahoo!: With a market price of $1.30 at 22 May, SingPost has lost a whopping 39.3 percent of its market price along the correction. This stands in stark contrast to the strong rally when China’s e-commerce giant, Alibaba, acquired a 10.3 percent stake in SingPost (its stake has since been raised to 14.4 percent as at October 2016) and signed a memorandum of understanding for a joint venture in international e-commerce logistics back in March 2014. The move boosted SingPost’s share price to a closing high of $2.14 in January 2015 amidst optimism outlook of SingPost transforming into a global e-commerce powerhouse.
From Vulcan Post via Yahoo!: Founded by celebrity chef Eric Teo and foodtrepreneur Luke Lee last month, Dine Inn is the latest addition to the burgeoning meal-sharing industry in Singapore. This duo is undoubtedly well-versed in the food and beverage (F&B) industry. Luke for one, is currently involved in 7 F&B outlets and is running his own hawker stall selling handmade ‘chee cheong fun’. He also organises F&B events such as Singapore Food Festival, as well as imports and distributes wine and spirits.