News
ST Engineering-SP Group joint venture to build alternative fibre data network
ST Engineering-SP Group joint venture to build alternative fibre data network
The network’s fibres will be laid alongside SP Group’s power lines.
Hyflux seeks 3-month extension of protection from creditors
It is also hit by new claims worth $47.96m.
Inflation down to 1.4% in March
Smaller price increases in retail and electricity & gas offset higher services and food inflation.
CBD Grade A rents to grow 8% in 2019: report
Total net demand could reach 857,000 sqft amidst supply shortfall and healthy occupier demand.
Frasers Property arm to sell three Australian retail assets
Central Park Retail is expected to transact in excess of $170m.
Frasers Commercial Trust's NPI dropped 10.5% to $20.09m in Q2
It blamed lower occupancies at Alexandra Technopark and the sale of 55 Market Street.
Mapletree Industrial Trust distributable income rose 7.4% to $231.8m in FY18/19
Its full-year income was boosted by its 40% interest in 14 US data centres.
Keppel REIT buys Seoul office for $301.4m
The 28-storey freehold Grade A office offers approximately 228,000 sqft in net lettable area.
CapitaLand sells self-storage business StorHub for $185m
Its portfolio comprises 12 storage facilities with a total lettable area of approximately 800,000 sqft.
ST Engineering nabbed contracts worth $2.1b in Q1 2019
Its aerospace sector clinched projects amounting to $1.3b.
CapitaLand Commercial Trust gets lead in office market recovery with acquisitions
Net property income rose 3.4% thanks to its Galileo and Asia Square Tower 2 buys.
IBM to shut down Tampines plant amidst global restructuring
All of its workers will be retrenched.
GuocoLand to build 30-storey office tower and 200-unit living area in $1.6b Beach Road site
Guoco Midtown will be a 960,000 sqft mixed-use development.
Daily Briefing: Singapore's private banks struggle to hire and retain RMs; Biotech startup RWDC Industries raises nearly $30m in series A funding
And the Transport Minister hopes that the agreement to suspend the RTS would be finalised soon.
Chart of the day: Check out the loan growth of Singapore banks in Q4 2018
UOB’s loan growth hit 2.6%.
Daily Markets Briefing: STI up 0.3%
Wall Steet's gains could buoy the local market today.
Keppel Q1 profits plunged 40% to $203m
The earnings decline was due to Keppel's property arm which saw profits crash 65%.
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