Daily Briefing: Grab's transport data assists Singapore government; Tai Sin to pay 0.75 per share dividend

And here are reasons why you should consider setting up a trust.

From The Motley Fool:

Tai Sin Electric Ltd, a provider of electric cabling and wiring solutions, will be going ex-dividend on Wednesday. The firm is giving out 0.75 cents per share for the second quarter.

For the six months ended 31 December 2017, Tai Sin Electric’s revenue grew 14.6% year-on-year to $160.1m. The growth was due to better performances at the Cable & Wire, and Electrical Material Distribution segments, partially offset by a revenue decline at the Test & Inspection segment.

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From e27.co:

In an interview with e27, Grab’s head of data science Kong-wei Lye said they are now exploring how to use Grab’s data to help governments directly with transport planning, complement unmet demand in transport and map out how car growth affects cities.

“One result of such a collaboration is the launch of GrabShuttle in March 2017: in collaboration with the Government Technology Agency of Singapore (GovTech) and using our data and simulation and optimisation expertise, we launched this shuttle bus service mobile application to move larger groups of individual commuters affordably from door to door,” he said.

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From SingaporeLegalAdvice via Yahoo! Finance:

In Singapore, individuals cannot hold property (such as a flat) until they turn 21. Therefore if you wish to provide for your minor child by purchasing a piece of property for them, you may do so by means of a trust.

One method is to purchase (and hold) the property on behalf of your child. Alternatively, if you wish to ensure that your property (such as the flat that you are living in) goes to your child in the event of your death, you may consider setting up a testamentary trust, which is a trust which only becomes effective upon your death. You may also do the same for any loved ones who lack mental capacity.

Read more here.