Record numbers at Singapore Airshow as post-COVID boom raises hopes
Record numbers attended the trade section of the first fully post-pandemic Singapore Airshow this week, with exhibitors and delegates optimistic about the aviation industry despite suppliers' struggles to keep up with rebounding travel demand.
Close to 60,000 people attended the four trade days of the show, nearly four times as many as in 2022 when foreign visitors required daily rapid tests for COVID-19, and more than the 54,000 who visited in 2018. The 2020 edition was rocked by last-minute cancellations as the virus spread around the world.
Frasers Centrepoint Trust expected to join STI in March review
The king of heartland malls could earn a place on the Straits Times Index (STI) at the next quarterly review in March.
Analysts said that they expect to be included in the benchmark index in the upcoming review given its high market capitalisation.
The trust has nine retail properties in its portfolio, of which most are suburban malls such as Northpoint City North Wing in Yishun and Nex in Serangoon.
New bill likely to prolong fundraising, leadership change for firms critical to national security
Singapore has passed a measure that will screen significant investments in, and control of, entities considered critical to national security. Legal experts believe this will affect fundraising strategies and the process of leadership change and renewal of selected companies.
The Significant Investments Review Bill requires “designated entities” or companies identified as crucial to Singapore’s national security to perform enhanced due diligence on potential investors, particularly for those acquiring a stake of 12% or more, said Bird&Bird counsel Jolie Giouw.
“[They may need to] adjust their fundraising strategies if certain investors are unable to obtain the requisite approvals to hold interests in such designated entities,” Giouw told the Singapore Business Review.