Headlines 

Singapore’s Economy Grows Faster Than Estimated

Singapore’s economy finished 2017 on a solid footing, allowing more room for policy makers as they consider raising taxes and tightening monetary policy this year. Growth was higher taxes when the government releases its budget on Feb. 19, with one option being an increase in the goods and services tax. The Monetary Authority of Singapore may also shift to a tightening stance after government and the central bank forecast GDP growth of 1.5 to 3.5 percent this year. A stabilizing labor market and recharged property market is setting up a…

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Headlines 

Resellers were already outside the Apple store just minutes after iPhone X launch

Image: yvette tan/mashable Just minutes after they got their hands on their new iPhone X devices, resellers were taking to the streets to sell them to the highest bidder. People began queueing at the Apple store in Singapore from as early as Thursday, with hundreds camping out overnight.  SEE ALSO: Apple iPhone X: Tracking the launch around the world Plenty of resellers were among them, when Mashable went down to the venue. Past doors opening at 8 a.m. on Friday morning, the road outside the Apple store quickly turned into…

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Headlines 

Razer CEO to Become a Billionaire With Li Ka-shing Backing

After raising funds from Asia’s biggest investors, including Hong Kong tycoon Razer Inc. is turning to the market for an initial public offering that will make its co-founder Bloomberg Billionaires Index. Razer’s plan to list shares comes amid robust growth in the global gaming market, which is expected to reach $160 billion by 2021, a 52 percent jump from last year, according to data from Euromonitor. The company said in its

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Headlines 

Singapore Will Stop Increasing Car Numbers From February 2018

Singapore, among the world’s most expensive places to own a vehicle, will stop increasing the total number of cars on its roads next year. The government will cut the annual growth rate for cars and motorcycles to zero from 0.25 percent starting in February, the transport regulator said on Monday. “In view of land constraints and competing needs, there is limited scope for further expansion of the road network," the Land Transport Authority said in a statement on its

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Headlines 

Singapore-Listed Noble Group Will Sell Its Oil Trading Business

Embattled commodity trader total net loss of $1.1 billion and $1.25 billion for the three months to September, and that lenders had agreed to a two-month extension of a waiver related to a revolving-credit facility. Noble Group, once Asia’s largest commodity trader, has been rushing to sell its oil business to pay back lenders in a struggle to survive. The shares have sunk 78 percent this year amid concerns that the company will default. Trading was halted on Friday at 38 Singapore cents, 2.6 percent down from the previous close, pending the…

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Odds and Ends 

Gaming firm Razer seeks to raise over $600M in Hong Kong IPO

Gaming firm Razer has filed to go public through an IPO in Hong Kong as it looks to raise more than $600 million to go after growth opportunities. The U.S.-based company, which traces its origins back to Singapore, filed initial paperwork on Friday. Certain details such as how much Razer is looking to raise, its valuation and the timing of the IPO are not disclosed in the 345-page filing, but a source close to the company confirms its likely to be upwards of $600 million (earlier in the year, it…

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