News

Suntec REIT's 21 Harris Street buy could plug DPU dilution

The property’s long WALE and income guarantee for the first three years should cushion it from residential and economic downturns.

ST Group clinches $9.6m from IPO

The firm’s post-placement market cap is at approximately $64m.

Daily Briefing: Talent war heats up amidst virtual bank race; Audio recording will soon be allowed inside taxis

And check out these non-tech banking jobs that pay out over $10,000 after just three years.

Daily Markets Briefing: STI down 0.04%

Singtel led the gains after its stock inched up 0.29%.

Chart of the Day: Unsold residential inventory hit 37,800 units in Q1

This is above the long-term historical average of 32,400 units in Q1 2007.

ABB clinches contracts to build electric bus charging facilities

The facility will recharge electric buses in less than ten minutes.

OCBC ties up with Republic Polytechnic for PayNow partnership

This marks the first PayNow tie-up with an educational institution.

Firms slack off in bills payment for Q2

Slow payments ate up over one-third of total transactions due to deteriorating credit conditions.

85,000 e-scooters registered before deadline: LTA

Nearly 1,000 registrations were recorded on the last day.

Golden Equator Capital raises $122.11m for two funds

This will finance the growth capital of an undisclosed public listed company and focus on infrastructure, energy, and finance.

GIC joins consortium to acquire US railroad firm for US$8.4b

G&W owns a portfolio of 120 short line railroads across North America, Europe, and Australia. GIC and Canada-based Brookefield Infrastructure have partnered to acquire US-headquartered Genesee & Wyoming, a railroad firm, for US$8.4b ($11.39b).

Wilmar to take hit from China's weak soybean demand over swine flu

Demand for soybean-based animal feed weakens as China chops up its hog inventories to contain the epidemic.

Innopac Holdings to delist from SGX-ST

It failed to record a pre-tax profit and an average daily market cap of $40 or more over the last 120 market days.

GIC and Equinix tie up to develop six European hyperscale data centres

The six facilities will provide 155MW of power capacity when fully developed.

Freehold corner sites in East Coast Road and Balastier Road launched for sale

The single-storey property at East Coast Road has a freehold site of 2,872 sqft whilst the Balastier Road mixed property has 4,377 sqft.