Singapore
NS Square construction begins, set for 2027 completion
Once completed, it will have a seating capacity of about 30,000.
Amsterdam’s Bouwinvest pours US$75m into CLI’s lodging private fund
The private fund has a target equity size of $800m (US$596.04m).
Starwood acquire 10.7% stake at ESR Group
ESR Group has $156b worth of assets under management.
Singlife’s GROW and AllianzGI launch Allianz Global Income fund
Allianz Global Income fund's initial public offering (IPO) began on 15 March.
Second Chance Properties warns of ‘significant’ decline in net profit
The company had unrealised foreign exchange losses in 1H24.
FHT turns down offer to acquire Capri by Frasers, citing strategy mismatch
The property has a 45-year lease remaining under JTC.
2 in 5 IT experts back AI for cybersecurity
They believe AI will help in the early detection of potential cyber threats.
ShopBack slashes 195 jobs in cost-cutting overhaul
Laid-off workers will receive severance pay and more.
FLCT prices $175m Series 002 notes at 3.830%
The bonds are due in five years.
MOH to boost palliative care capacity to 3,600 by 2025
This translates to an increase in capacity by 50%.
CLI debuts sustainability-linked panda bond, raises $187.1M
The panda bond was 1.65 times subscribed.
Singtel bets big on AI with NVIDIA-powered GPU-as-a-Service rollout
The company will launch the GPUaaS in 3Q24.
3-storey industrial building in Bedok Reservoir Road hits market at $26m
The property has a built-up potential of about 268,125 sq ft.
Daily Markets Briefing: STI up 0.05%; Top stock is DBS
DBS is the top stock with a 0.229% increase.
Housing demand hit by cooler jobs market
HDB and condo rental volumes dipped 19.1% MoM and 21.0% MoM, respectively, in February.
Mandatory reporting takes spotlight in Singapore’s new climate disclosure rules
Regulator encourages businesses to create transition plans.
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Commentary
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