News

Frasers Centrepoint secures 33.3% stake in Waterway Point for $240.5m

It launched an equity fund to raise gross proceeds of $437.4m.

Thomson Medical Group priced $225m 3-year senior bond in maiden bond offering

Proceeds will be used to refinance its existing debts and extend its debt maturity profile.

SPH REIT's NPI up 14.2% to $46.32m

The income boost came from its Rail Mall and Figtree Grove Shopping Centre properties.

Keppel Land buys three Vietnam land parcels for $76m

It will develop around 2,400 premium apartments with local developer Phu Long Real Estate Corporation.

Singapore GDP growth slows down to 0.1% in Q2

The manufacturing sector continued its sharp decline and contracted 3.8%.

Mapletree Industrial Trust's DPU could get 2.5% leg up from Kolam Ayer 2 Cluster redevelopment

It will add a 211,000 sqft build-to-suit facility for a global medical device firm.

Daily Markets Briefing: STI up 0.3%

DBS led the gains as it stock rose 0.83%.

Chart of the Day: Virtual banks may only account for less than 1% of Singapore loan market by 2022

The retail upstarts may account for 0.3% market share and wholesale challengers will take 0.9% of the market.

Hyflux ‘progressing' towards binding $400m deal with Utico

It will see the utilities firm taking up an 88% stake in the water treatment firm.

Parenting startup theAsianparent raises series C funding

It will use the proceeds for its planned expansion into Asia and Africa.

Singapore crowned as top international shipping centre for sixth straight year: study

The report lauded the city’s strength in ship management and shipbroking services. Singapore defended its crown against Hong Kong to rank as the top international shipping centre for the sixth year in a row, according to the 2019 Xinhua-Baltic International Shipping Centre Development (ISCD) Index.

Enterprise Singapore launches inaugural Scale-up SG programme

The 2.5-year programme will help fuel the expansion plans of local firms.

UOB to issue $750m 3.58% perpetual capital securities

They will be issued under its US$15b global medium term note programme.

SGX RegCo alters two voluntary delisting rules

Offerors and concert parties must abstain from voting on the delisting resolution.