Kopi With YP: Your Minimalist Morning Briefing, 16 Feb

Get up to speed and stay smart with the latest business, tech, and local news in under 2 minutes

Business

Verizon wants a massive discount from Yahoo. Yahoo’s new selling price to Verizon is expected to drop from $4.8 billion to $3 billion after all the uncertainty that revolved around this acquisition, especially with the highly “publicised” hacking incident.

UK’s wages rising faster than inflation at 2.6% on an annualised basis. And this could be result in a household squeeze, given the slower rate of growth as compared to last year.  

Capitaland Q4’s profit surges 73.7% to $430.5 million. Their Q4’s revenue grew 6.4% to $1.85 billion due to “higher handover of development projects in China and rental income from the serviced residence business.”

Singapore’s residential propertycurbs are set to stay in place for at least another year amid signs the city’s housing market is stabilizing. “We see volume picking up and the price declines have slowed,” Lim Ming Yan, the president and CEO of CapitaLand.

It hasn’t been a good time for banks. Singapore’s biggest lender, DBS Bank, saw 9% decline in quarterly profit. Net profit reached all-time low in the past 2 years, coming in at S$913 million in the three months ended December.

It’s never been easier to set up your own Venture Capital fund. Soon, it can take weeks rather than months to get a license. The new upcoming framework authorised by the MAS will now mean that there would be no minimum capital, relevant experience or audit is required to set-up a business here.

World

If Israel is happy, Donald Trump is happy. Someone had a good breakfast. During Israeli’s PM Netanyahu visit to Washington, Trump announced the possibility of a one-state solution, undoing years American policy to reach a balanced agreement.

The flu from China is back. Just in January this year, 79 have died from H7N9. Anxiety is starting to spread in China as the death toll reached 100 as of last year, with WHO cautioning all countries of the rise of H7N9.

Local

Beware of cybercrimes Singaporeans! 6 out of 10 Singaporeans are unknowingly connected to non-password secured networks, painting a worrying image for the fate of cybersecurity today.

Even the monitor lizard needs a dip in the pool. A metre-long lizard was seen at Jurong East Swimming Complex yesterday. Luckily the pool was closed then for their weekly maintenance, so no one was attacked or injured.

Tech

Finding jobs is just as easy as scrolling through Facebook now. With the new job bookmark, businesses with Facebook presence can now add job openings to their page and allow users to discover and apply for jobs directly on Facebook. Facebook is really planning to dominate Internet field, making it your go-to-stop for all the information.

Finally, Pokemon Go fans have an exciting update to revive the dying craze. With more than 80 new “Generation II” characters and an “encounter gameplay”, Pokemon fans are back on their feet to catch some Pokemons.