Daily Briefing: GIC bags $1.65b ITC Holdings stake; Samsung Pay's Singapore launch date

And Singapore’s retail market is APAC's second most active.

Singapore’s sovereign wealth fund GIC Pte agreed to buy 19.9 percent of ITC Holdings Corp. from Fortis Inc. for US$1.23 billion (or $1.65b) in cash in one of the biggest investments Asian companies have made in U.S. power lines operators. Read more here.

Just a day after Apple announced that its Apple Pay mobile payment service would be available in Singapore, Samsung is getting more specific on when it will officially launch Samsung Pay there this year. Read more here.

Singapore has the second most number of new entrants of cafes and restaurants in Asia Pacific last year, making up 23 of the 63 new entrants in the region, a CBRE report released on Tuesday (19 April) revealed. Read more here.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Vibrant Group wins suit against Blackgold Australia
The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 2 Lorem Ipsum [8 May]
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley