Markets & Investing
Keppel to acquire initial 50% stake in Aermont Capital for $517m
Keppel to acquire initial 50% stake in Aermont Capital for $517m
The company expects to complete its stake acquisition in 1H24.
Nearly 8 in 10 of Singapore's wealthiest investors will divest from non-sustainable firms
Financially abundant investors prioritise ESG and sustainability factors the most when investing.
Yangzijiang Financial to invest $1b outside China over next 5 years
The company plans to increase its investments outside China over the next five years to 50%.
Singapore is 3rd in Asia with most unicorn startups: study
Singapore unicorn companies have an average valuation of $5.93b.
Less than a quarter of SGX-listed issuers have disclosed plans to achieve board diversity: study
Only a few have also reported progress on their board diversity targets.
Enterprise Singapore opens San Francisco Overseas Centre
The San Francisco centre is the agency's third office in the US.
Boustead Singapore makes an exit offer of $1.18 per share for Boustead Projects
The exit offer is unconditional.
SG’s deal volume drops 21.3% YoY in January-October 2023 period
The decline in deals was also observed across multiple APAC markets.
Singapore ranks 10th in global ranking of top unicorn-producing countries
In Asia, Singapore ranks third.
CGS-CIMB launches CSI 1000 ETF on SGX
This marks the first CSI 1000 ETF listed outside of China.
United Hampshire US REIT achieves higher net property income of US$38.7m in 9M23
The REIT’s net property income rose 12.2% YoY.
CapitaLand Investment’s revenue dips 3% YoY to $2.1b in 9M23
CLI’s real estate investment business weakened during the period.
IREIT’s portfolio occupancy slightly rises to 90.4% in 3Q23
In 2Q23, occupancy was at 88.7%.
SG commercial property investment volume cut by more than half in 3Q
Deal activity in Singapore totaled only US$571m.
Keppel REIT prices $200m notes at 3.72%
The notes are due in 2026.
EC World REIT’s distribution per unit drops 32.8% YoY in 3Q23
The REIT also reported lower net property income and gross revenue during the period.
Singaporean investors pour more capital on APAC properties in 1H23
Inbound capital flow in APAC from SG in 1H23 was 3% higher than its three-year average.
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Commentary
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Building a Southern Malaysia supply chain ecosystem for Singapore’s advanced manufacturing
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How Singapore consumer brands can build strong supply chains amidst rising input costs
Singapore’s AI ambitions will rise or fall on infrastructure
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