Markets & Investing
Loss of MIT status ‘beyond control’—FHT
Loss of MIT status ‘beyond control’—FHT
The group’s Australian subsidiary lost its MIT status due to a share swap transaction.
Temasek's Seviora and Mubadala Capital to explore global co-investments
The partners will focus on growth markets in Singapore and the UAE.
LMIRT's NPI falls 6.5% YoY to $28.6m in 9M on higher operating expenses
In 9M 2023, LMIRT recorded an NPI of $30.6m.
Far East Hospitality Trust’s net property income falls 6.8% on lower revenue
Gross revenue fell 4.8% YoY to $28.75m.
Hongkong Land shifts strategy, exits build-to-sell in Asia
It will redirect capital from the segment to new integrated commercial property ventures.
CapitaLand Ascott Trust's gross profit up 8% on portfolio reconstitution efforts
These efforts include acquisitions and asset enhancement initiatives.
Mapletree Industrial Trust’s NPI up 4.6% in Q2 to $134.5m
It attributed the increase to contributions from the Osaka Data Centre.
Higher contributions from Singapore lift Starhill Global REIT NPI by 1.4% YoY
Perth assets also contributed.
CapitaLand China Trust’s NPI declines 5.1% YoY as occupancies and rentals soften
NPI for the 9M2024 was RMB930.2m.
Straits Trading and Alta team up to launch FIR-ST scheme
Investors will also benefit from market-adjusted dividends.
Supermom raises $18m in Series B funding round
This comes less than two years after the company's $8m Series A.
EnterpriseSG forms alliance network in Amsterdam and Eindhoven
It will allow SG startups to gain access to the Dutch market.
Singapore injects $440m into Startup SG Equity scheme
It also increased the co-investment cap to $12m.
BE Fellows SEA selects first cohort of climate tech innovators
They will focus on two projects.
Leader Environmental and Innovamem form JV for membrane manufacturing
Both firms will hold a 50% equity stake in the JV.
Broadway Industrial receives $0.197 per share offer from Patec Group
This comes after Patec acquired 196 million Broadway shares.
Starhill Global REIT sells Wisma Atria office units for $16.1m
It sold the lots at a 22.2% premium over the most recent valuation.
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