Singapore

Chart of the Day: Government bonds raised $3.1b in 1H2018

Land Transport Authority’s $1.2b bond offering is the biggest SGD bond so far this year.

Hotel site returns to GLS programme Confirmed List after 10 years

The government is addressing supply shortage for visitor arrivals, analysts say.

Ex-Apple reseller in Singapore to buy hotel-retail business for $400m

The buy is expected to result in its reverse takeover of 2 companies.

Analysts expect heated competition over sale of Kampong Java Road site

It was launched in the Confirmed List of the Government Land Sales programme.

BreadTalk to operate Chongqing bakeries

It plans to expand to China’s Southwestern market like Yunnan and Guiyang.

Yanlord Land raises stake in property unit for $215.92m

Its interest in the company jumped from 60% to 100%.

S-REITs' yield spread should further tighten to 3%: DBS analyst

It is currently at 3.4%, nearly hitting five-year lows.

Epicentre sold Apple reseller stores in Singapore for $516,275

It was forced to exit the business due to competition from the Orchard retail store.

Oxley sells all 170 units in The Verandah Residences

Units were sold at an average of $1,795 psf.

Keppel O&M suspends business with Viking O&M's entity amidst lawsuit

Viking Offshore is seeking sums over $5m for late construction of a project.

Hong Leong Asia to lose $43.5m over Chinese unit's restructure

Hong Leong Asia expects a loss of $43.5m due to the restructuring exercise of its consumer products unit Xinfei.

APAC leads global tourism growth by 8% in 1Q 2018

SEA and South Asia tourist arrivals rose 10% and 9%, respectively.

SGX adds 3 Mainboard issue managers and 2 Catalist sponsors

One of the issue managers targets real estate firms in Tier 1 and 2 cities in China.

DBS to launch Indian subsidiary by October

The bank is only waiting for final greenlight from the central bank.