News

Chart of the day: Grade A CBD rents up 2.3% to $10.61 psf/mo in Q1

This broke the peak in Q1 2015 where rents hit $10.43 psf/mo.

UOB unveils online utility marketplace

Consumers can choose from a wide array of electricity, gas, water, broadband and TV service providers.

Frasers Hospitality Trust's DPU could slip 13% for FY2019/2020

Sluggish corporate demand at its Sydney properties is weighing in on near-term performance.

Buses with rooftop gardens hit Singapore streets

The initiative aims to study if such effort could reduce fuel consumption for air conditioning.

Sembmarine banks on more orders to bounce back into the black

Sembmarine's strong order pipeline could translate to $3b or more in new orders in 2019.

Suntec REIT issued 111.11 million new units at $1.80 apiece

The new units will commence trading on the SGX-ST on 6 May.

Amber Park sold over three fourths of units for $240m in weekend launch

The early bird average selling price was at $2,425 psf.

Singapore to repatriate $35m of 1MDB funds to Malaysia

The money was surrendered by former Goldman Sachs banker Roger Ng.

Share buybacks plummeted 69.23% to $36m in April

OCBC bought back $25.56m worth of shares. Share buybacks by SGX-listed firms crashed 69.23% YoY to $36m in April from $117m a year ago, according to the local bourse. The transactions in April were one-third lower compared to the $53.5m buyback considerations in March. OCBC led the monthly buyback spree, re-purchasing $25.56m worth of shares. This was followed by Keppel REIT ($2.67m), Hong Fok Corporation ($2.18m), Global Investments ($1.97m), and Stamford Land ($1.11m) that rounded up the top five in April

StarHub's profits fell 14.2% to $54m in Q1

It blamed lower revenues from mobile and Pay TV.

Singapore may soon allow virtual banks: DBS CEO

Gupta, however, believed that they may not pose a significant threat.