Singapore
Strata office market slowed down to $652.9m in H1
It is a 19.8% fall from $814.1m transactions in H2 2022.
Deliveroo, Gojek ink partnership deal
They will work together on initiatives that build customer loyalty, amongst others.
Cromwell E-REIT clinches €165m revolving credit facility
The REIT can increase the facility up to €250m.
Lawrence Wong steps down as Singapore Labour Foundation chairman
Desmond Lee will succeed Wong.
Freehold residential land at Siglap for sale: Knight Frank
The 1,319-square-metre site is zoned as residential and has GPR of 1.4.
How Temasek Foundation funds sustainability innovations and startups
Criteria for selection include desirability, feasibility, and viability of businesses.
Frasers Logistics & Commercial Trust posts positive rental reversion in Q3 FY23
The firm also posted a high occupancy rate of 96.2%.
Fintech investments at three-year low; generative AI at 'early growth' stage
Consolidation drove fintech investments in the payments space, KPMG found.
CLAS seeks acquisition of $530.8m lodging assets in the UK, Dublin, and Jakarta
The proposed acquisition is 1.8% accretive to Distribution per Stapled Security (DPS).
Daily Markets Briefing: STI down 0.08%; The top stock is Hongkongland
The most active stock is HongkongLand, trading 3.09% up.
What makes Singapore a critical global wealth hub?
75% of assets under management (AUM) in SG are from diverse overseas sources.
MPACT net property income surges 68% YoY to $179.2m in Q1 FY23/24
This was boosted by the effect of the merger and its Singapore performance.
CICT net income up 10.1% YoY to $552.3m in H1
This is supported by its acquisitions and property enhancements.
Insurance veteran to run for Singapore’s presidential seat
He became CEO of Income Insurance (formerly NTUC Income) up until 2007.
EMA seeks proposal for 600 MW combined cycle gas-turbine project
Proposals may be submitted by 31 October at 3 pm SGT.
APAC vaccine distribution hub to be established in SG
It will provide easier access to vaccines.
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Commentary
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