News

Economic growth declined to a mere 0.1% for Q2.

Over 150 guests graced the dinner and awards held at the Conrad Centennial Singapore on Thursday, 11 July.

It will take off in August.

It launched an equity fund to raise gross proceeds of $437.4m.

Proceeds will be used to refinance its existing debts and extend its debt maturity profile.

The income boost came from its Rail Mall and Figtree Grove Shopping Centre properties.

It will develop around 2,400 premium apartments with local developer Phu Long Real Estate Corporation.

The manufacturing sector continued its sharp decline and contracted 3.8%.

It will add a 211,000 sqft build-to-suit facility for a global medical device firm.

DBS led the gains as it stock rose 0.83%.

The retail upstarts may account for 0.3% market share and wholesale challengers will take 0.9% of the market.

And Vietnam-based KinderWorld International Group scraps its planned SGX IPO.

It will see the utilities firm taking up an 88% stake in the water treatment firm.

It will use the proceeds for its planned expansion into Asia and Africa.

The report lauded the city’s strength in ship management and shipbroking services. Singapore defended its crown against Hong Kong to rank as the top international shipping centre for the sixth year in a row, according to the 2019 Xinhua-Baltic International Shipping Centre Development (ISCD) Index.

The 2.5-year programme will help fuel the expansion plans of local firms.