News
United Engineers converts $333m loan to green home development loan
United Engineers converts $333m loan to green home development loan
It will be used to develop a Dairy Farm road parcel into a green residential property.
Daily Markets Briefing: STI down 3%
Don’t expect gains today.
Daily Briefing: Cross-border payments startup Thunes bags US$10m in series A funding; K Hotel in Geyang up for sale at $25m
And over 20 households in five-room and larger flats sold part of lease in Q1.
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.
Daily Markets Briefing: STI down 0.03%
Don’t expect gains today.
Daily Briefing: HDB builds 10-ha park in Bidadari estate; SGX-listed environmental firm 800 Super Holdings to go private
And Hootsuite is closing its Singapore office.
Chart of the Day: Non-REIT small cap stocks average YTD return hits 12% in April
Food firm QAF saw the highest returns of 43.6%.
Commentary
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What the global financial crisis can teach Singapore about decision-making today
Singapore is ready for EVs, but the industry needs to catch up
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