Singapore Business Review

Mapletree Industrial closes private placement at $2.212 per unit
Total gross proceeds of the private placement will be $204.8m.
Singtel’s capex will rise to $2.7b to $2.8b: S&P
Cash dividends from associates are expected to decline in 2023.
Manufacturing output down 6.9% in April
The biomedical manufacturing segment saw its output fall 11.1% during the period.
Starhill Global REIT obtains $50m loan facility
Under SGX's listing manual, the company could require its trustee to repay all the amount owed.
SATS member WFS establishes air cargo terminal and cold chain facility in India
Plan of maximising the terminal’s throughput is in the talks.
Two tips for Singaporean property investors amidst economic slowdown
Real estate investors must stick to ESG and other niche markets in APAC.
Enterprise SG's SEEDS Capital joins co-investment partnership
Startups will receive funding to access Cedars-Sinai's clinical resources.
Metro Holdings dissolves subsidiary and affiliated company
This won’t have a significant impact on the consolidated financials, said Metro Holdings.
Keppel explores green hydrogen, ammonia production in Australia
This forms part of the Central Queensland hydrogen project. 
Sembcorp to develop 600MW hydrogen-ready power plant
The plant is expected to be operational by 2026. 
ZUZU Hospitality clinches $12m in Series B funding round
The startup plans to make investments in AI tools to improve its travel services.
Daily Markets Briefing: STI down 0.19%; UOB is top stock
UOB and Genting Singapore are at the top.
How Champions Way and Lorong 1 Toa Payoh GLS sites will attract buyers
Property analysts said sales will be driven by pent-up demand for new homes.

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Exclusives

Exclusives

Commercial Property Developers face new requirements as Singapore safeguards property market from AML/TF activities
SG rolls out new anti-money laundering and terrorism financing requirements for developers that take effect on 28 June.
Residential Property Expert warns of higher cost of doing business in Singapore because of ABSD rate hike
Government raised the ABSD rate for foreigners buying properties in Singapore from 30% to 60%.
Residential Property Ohmyhome eyes sector and market expansion post-Nasdaq debut
CEO Rhonda Wong brings properties vision ‘to be there for everyone’ from SG to the world.
Financial Services Pilon works to address gaps in businesses’ cash flow
Imagine a platform that enables immediate payment for suppliers and extended terms for buyers.
Agribusiness Agribusiness GAR’s golden strategy combats supply chain issues
The palm oil firm stayed resilient by building its logistics capabilities. 
More companies go for bigger collaborative spaces in post-pandemic offices
ISG, JLL Asia Pacific weigh in on fit-out trends, costs and near-future challenges.

Top News

Mapletree Industrial closes private placement at $2.212 per unit
Total gross proceeds of the private placement will be $204.8m.
Singtel’s capex will rise to $2.7b to $2.8b: S&P
Cash dividends from associates are expected to decline in 2023.
Manufacturing output down 6.9% in April
The biomedical manufacturing segment saw its output fall 11.1% during the period.
Starhill Global REIT obtains $50m loan facility
Under SGX's listing manual, the company could require its trustee to repay all the amount owed.
SATS member WFS establishes air cargo terminal and cold chain facility in India
Plan of maximising the terminal’s throughput is in the talks.
Two tips for Singaporean property investors amidst economic slowdown
Real estate investors must stick to ESG and other niche markets in APAC.
Enterprise SG's SEEDS Capital joins co-investment partnership
Startups will receive funding to access Cedars-Sinai's clinical resources.
Metro Holdings dissolves subsidiary and affiliated company
This won’t have a significant impact on the consolidated financials, said Metro Holdings.
Keppel explores green hydrogen, ammonia production in Australia
This forms part of the Central Queensland hydrogen project. 
Sembcorp to develop 600MW hydrogen-ready power plant
The plant is expected to be operational by 2026. 
ZUZU Hospitality clinches $12m in Series B funding round
The startup plans to make investments in AI tools to improve its travel services.
Daily Markets Briefing: STI down 0.19%; UOB is top stock
UOB and Genting Singapore are at the top.
How Champions Way and Lorong 1 Toa Payoh GLS sites will attract buyers
Property analysts said sales will be driven by pent-up demand for new homes.

Exclusives

Commercial Property Developers face new requirements as Singapore safeguards property market from AML/TF activities
SG rolls out new anti-money laundering and terrorism financing requirements for developers that take effect on 28 June.
Residential Property Expert warns of higher cost of doing business in Singapore because of ABSD rate hike
Government raised the ABSD rate for foreigners buying properties in Singapore from 30% to 60%.
Residential Property Ohmyhome eyes sector and market expansion post-Nasdaq debut
CEO Rhonda Wong brings properties vision ‘to be there for everyone’ from SG to the world.
Financial Services Pilon works to address gaps in businesses’ cash flow
Imagine a platform that enables immediate payment for suppliers and extended terms for buyers.
Agribusiness Agribusiness GAR’s golden strategy combats supply chain issues
The palm oil firm stayed resilient by building its logistics capabilities. 
More companies go for bigger collaborative spaces in post-pandemic offices
ISG, JLL Asia Pacific weigh in on fit-out trends, costs and near-future challenges.

Join the Singapore Business Review community