Singapore
Midtown Development puts $562m price tag on Club Street hotel site
Midtown Development puts $562m price tag on Club Street hotel site
The winning bid is $62m higher than United Venture Investments' $500m offer.
Grab forms joint venture with ZhongAn to offer digital insurance products
The firms aim to provide its products to uninsured consumers through Grab’s mobile app.
Chart of the Day: Big ASEAN value stocks hit 36.1% in total returns over the past 3 years
DBS held a market capitalisation of $62.4b.
TPG grapples with risk of negative cash-flow until 2024
It could fail to hit EBITDA-breakeven revenue of $150m over the next four years.
SGX urged to relook rules allowing Mainboard companies to transfer to Catalist
Increased transfers to Catalist could harm the liquidity and valuation of firms already listed on the board.
Daily Markets Briefing: STI up 1.22%
Gains on US stock markets could see positive local sentiment.
Daily Briefing: 900 HDB flat buyers cancelled their BTO bookings in 2018; Hawker centres are struggling with the new social enterprise model
And F&B firm GD Group slapped with a $94,500 fine for false salary declarations.
SPH's overseas assets to play a key role in boosting profits: analysts
Its first UK purpose built student accommodation contributed $6.3m to its profits.
PDPC slapped $750,000 penalty on IHiS for breaching data protection obligations
It also fined SingHealth $250,000 for the negligence of its data controllers.
New private home sales dropped 50.1% to 601 units in December 2018
Developers launched a mere 101 units in December compared to November’s 1,341.
Sultan Plaza to launch en bloc sale for $380m
The 244-unit development sits on a sizeable land area of approximately 52,471 sqft.
SEEDS Capital inks tie ups to inject $90m for agrifood tech startups
They will provide up to $4m per startup.
OCBC launches digital dashboard for SMEs
The dashboard features over 40 business apps.
APAC's commercial real estate investment to rise 5% in 2019
Urbanisation will continue to create opportunities for investors amidst a late-cycle environment.
ST Engineering's marine arm clinched $560m worth of new contracts in Q4 2018
This includes a contract for the construction and maintenance of patrol boats for the Singapore Police Coast Guard.
Daily Markets Briefing: STI down 0.79%
Wall Street's weakness is set to dampen local sentiment.
Chart of the Day: Healthcare sector booked $39.7m of net inflows in H2 2018
The sector saw the highest net inflow in November with $10.5m.
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