Daily Briefing: Singapore changes EntrePass Visa requirements; A look at Keppel DC REIT's costs

And here's a 77-year-old CEO that fixed a $100m blunder.

From e27.co:

These changes allow EP holders to have more certainty to facilitate their longer-term strategic business planning, and gives them more time to build their businesses here. Also, with new partner agencies working with MOM in their respective sectors, the range of startups that are eligible for the EP has been greatly expanded.

This will contribute to the vibrancy of Singapore’s startup ecosystem.

To apply for an EP, a few documents are required: a completed EP form, the personal particulars page on your passport, any documentary evidence to solidify your application process. (This includes past employment testimonials, an MOU with potential client, or license agreements, etc.) and finally a business plan (consisting of a personal profile, business idea and an implementation strategy).

Read more here.

From Bloomberg Finance:

In 2015, Yao Hsiao Tung was 75 and looking to slow down. He’d begun seeking his successor as chief executive officer of Hi-P International Ltd., a contract manufacturer for customers including Apple Inc. and Amazon.com Inc. But an annual loss, and the $126m claim that Hi-P filed because of it ended that plan.

The self-professed troubleshooter attributes the company’s first red ink since listing on Singapore’s stock exchange mostly to one big error that he oversaw. Its electronics unit took on a contract to co-design and produce a dual-screen smartphone for Yota Devices Ltd. without doing enough due diligence. The Moscow-based firm didn’t take delivery of the phones, according to Yao. Yota couldn’t be reached for comment.

Two years -- and, according to Hi-P, about S$100 million ($74 million) in losses -- later, the company is heading for its largest annual profit on record, helped by its work for Apple. Its shares have more than tripled in 2017, which is by far the biggest gain on the FTSE Straits Times All Share Index.

Read more here.

From The Motley Fool:

Keppel DC REIT (SGX: AJBU) was listed back in December 2014.

At its initial public offering (IPO), units of Keppel DC REIT were offered at S$0.93 apiece. The REIT closed trading at a unit price of S$1.43 on 11 December 2017, providing its early investors a total return of over 75% since its IPO (including dividends). As Foolish investors, we want to look beyond the stock price movement to understand the underlying business.

Read more here.