News
Ascott REIT and Ascendas Hospitality Trust propose merger to create largest hospitality trust in APAC
Ascott REIT and Ascendas Hospitality Trust propose merger to create largest hospitality trust in APAC
It will comprise 88 properties across 15 countries with an asset value of $7.6b.
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.
Singapore's fintech adoption rate almost tripled to 67% in two years: study
It is ahead of the APAC average adoption rate of 64%.
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.
Commentary
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