News

PDPC launches new framework to bolster data protection in Singapore
17 Jul 19
The pilot programme will combine data protection and innovation competencies to train DPOs.
International banking heads take home highest salaries in financial sector
17 Jul 19
The average base monthly salary for this role can hit $33,000.
Digital wealth manager Syfe launches in Singapore after $5.2m seed round
17 Jul 19
It also got its Capital Markets Services Licence.
CapitaLand Commercial Trust NPI up 2.1% to $158.2m in H1
17 Jul 19
The acquisition of Galileo has offset the impact of the Twenty Anson divestment on its revenues.
Keppel DC REIT's NPI up 19.9% to $86.49m in H1
17 Jul 19
Contributions from its Germany and Singapore acquisitions drove up its earnings.
CapitaLand Commercial Trust to buy 94.9% interest in German freehold office for $387.1m
17 Jul 19
MAC is a multi-tenanted office with a total net lettable area (NLA) of approximately 60,200 sqm.
Frasers Property bags $714.89m term loan
17 Jul 19
It comprises a $476.59m five-year green loan tranche and a $238.30m five-year tranche.
Keppel O&M clinches $130m worth of contracts from repeat customers
17 Jul 19
It will mark its third newbuild dredger contract for maritime contracting firm Van Oord.
Close to 1 in 2 SMEs paid their arrears on time in Q2
17 Jul 19
The turning fortunes of the construction sector were cited as a possible reason for the improved performance.
Office rents in Q2 rose 1.5%
16 Jul 19
Gross effective rents hit $10.79 psf pm.
Chart of the Day: Outbound property investment from Singapore hit $9.6b in H1
16 Jul 19
Office properties accounted for the highest investment sales volume at $6.4b.
Daily Markets Briefing: STI up 0.36%
16 Jul 19
Singtel led the gains at 0.57%.
Daily Briefing: Social service agencies to get $20m grant for tech adoption boost; AI platform Near bags $135.9m
16 Jul 19
And here are the best teams to work for in Citi Singapore.
Utico's 88% stake acquisition in Hyflux could reach $535m
16 Jul 19
It includes a $400m commitment to the water treatment firm.
SGX RegCo launches consultation for proposed safeguards to securities market
16 Jul 19
Proposed enhancement include price collars and an extension of the auction routine.
Tepid growth ahead for Sheng Siong stores as consumer spending weakens
16 Jul 19
The contribution of same-store-sales to earnings is expected to hit only 0.5% in 2019-2020.
Suntec REIT buys Australian freehold Grade A office for $141.51m
16 Jul 19
The 12-storey property has an NLA of 282,000 sqft and a committed occupancy of 91.6%.
Keppel REIT NPI dropped 28.1% to $31.06m in Q2
16 Jul 19
It was dragged by the lower one-off income from Ocean Financial Centre.
Koh Brothers Eco Engineering nabs $668.2m contract from PUB
16 Jul 19
It will construct influent pumping stations for the Deep Tunnel Sewerage System Phase 2 project.
Maybank demands $33.6m from Hyflux for early termination of hedging deal
16 Jul 19
The bank designated 4 July as its date of termination.
SIA Group passenger load factor up 1.6ppt to 86.2% in June
15 Jul 19
Passenger carriage rose 8.5% YoY.
Seletar Mall buy could add up to 10% to SPH REIT's FY 2019 DPU
15 Jul 19
The firm’s DPU inched up 1.5% YoY to $0.0139 in Q3, thanks to higher contributions from The Rail Mall and Figtree Grove Shopping Centre....
Developer sales in June up 25% to 821 units
15 Jul 19
The growth was driven by Sky Everton which sold 134 units at an average $2,523 psf.
Daily Briefing: REITS to lure investments despite 20% price hike; Recruitment platform Glints bags $9.22m in series B funding
15 Jul 19
And HDB reports 3,300 unauthorised flat rental cases during the past four years.
Chart of the Day: Total property investment sales fell 9.52% to $11.4b in H1
15 Jul 19
Industrial property sales led the declines.
Daily Markets Briefing: STI down 0.28%
15 Jul 19
DBS led the gains as it rose 0.46%.
This reverse auction app lets you buy items at the lowest bid
15 Jul 19
Doropu has sold 35,000 products in Singapore and Malaysia to date.
Singapore to unveil more standards for drones, additive manufacturing and video analytics
15 Jul 19
These standards discuss safety requirements as well as building inspection guidelines for drones.
Wilmar's YKA IPO could kick off in Q4: analyst
15 Jul 19
It already received a go-ahead from the Chinese regulator.
Singapore Press Holdings profits dropped 44.1% to $26.2m in Q3
15 Jul 19
Lower print advertisement and circulation revenue dragged down the company’s performance.
CapitaLand's One Pearl Bank preview lures 4,000 visitors over the weekend
15 Jul 19
774 units are up for sale with prices starting at under $1m.
Venture Corporation could bank on medical devices and life science segments to drive growth in H2
15 Jul 19
Its customer Illumina is expected to grow 6%, albeit at a lower rate compared to its previous estimate of 13-14%.
CapitaLand's development pipeline doubles to 13.9 million sqm over Chinese, Indian assets
15 Jul 19
Its China development pipeline alone has grown 25% to 7.1 million sqm GFA.
Construction sector could grow 3% in 2019
15 Jul 19
The short-term outperformance of the buildings sector will momentarily propel growth before slowing down in 2020.
Ascott expands portfolio with 26 new properties
15 Jul 19
It has branched out into six cities such as Atyrau, Yokohama, Seongnam and Hoi An.
Novena Global Lifecare completes $475.4m merger with Xingkeduo
15 Jul 19
Novena Global Lifecare now has access to Xingkeduo’s AI-based platform and physical network of nearly 100 stores.
Wilmar's proposed China IPO moves forward with subsidiary's Shenzhen listing
15 Jul 19
There will be an approximate 10% of the total pro-forma share capital of YKA if the CSRC gives it the green light.
Daily Markets Briefing: STI up 0.21%
14 Jul 19
DBS led the gains as it stock rose 0.66%.
Chart of the Day: Industrial rents down 1% to $1.98psf in Q2
14 Jul 19
The Kallang, Geylang and Bendemeer cluster saw the largest rental decline to $3.10psf.
Daily Briefing: MAS warns wealth managers on wooing Hong Kong businesses; igloohome secures $20.4m in series B funding
14 Jul 19
And check out which agritech startups are getting the most funding.

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