Markets & Investing

FCT divests stake in Hektar REIT for $36.7m

The company divested over 140 million units in the REIT.

Succession: Entrepreneurs reveal their preferred choices for wealth allocation

Singaporean investors are more likely to invest in future businesses.

ST Telemedia to skip $350M perpetual securities redemption on January 2024

The distribution rate of securities will remain at 5.00% per annum.

Dasin Retail Trust lender says internalisation of trustee-manager could delay debt restructuring

Minority investors tout the internalisation as cost-saving which could push distributions higher.

SGX to launch new listing requirements for active ETFs

AUM of ETFs in Singapore has doubled since the end of 2019 to over $10b as of October 2023.

Singapore net inflows hit $263.18m in 3Q23

Equity and fixed-income funds reported inflows during the quarter.

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.