News
Keppel Q1 profits plunged 40% to $203m
Keppel Q1 profits plunged 40% to $203m
The earnings decline was due to Keppel's property arm which saw profits crash 65%.
Business travel to Singapore is Asia's fourth costliest
Hotel room prices in the nation fell to $337.60 per night from $347.10 (US$256) in 2018.
CapitaLand bags $528.3m in maiden real estate equity fund
The equity fund targets commercial real estate in Asia’s key cities.
M1 to delist on 24 April
Keppel and Singapore Press Holdings will own 91.15% of its shares.
Maybank kills collaboration agreement with Tuaspring and Hyflux
The bank will appoint receivers and managers over the assets of Tuaspring, save for its desalination plant and shared infrastructure.
CapitaLand Commercial Trust NPI up 3.4% to $79.80m in Q1
Higher contributions from Gallileo and higher occupancy at Asia Square Tower 2 boosted performance.
Singapore to lure more EV firms after Dyson's entry
The government aims to create EV clusters enhancing the capabilities of adjacent industries.
Perennial sells stake in Chinatown Point Mall entities for $225m
The proportionate stake of the net proceeds is expected to be $125.3m.
Daily Briefing: GIC to invest in ‘target list' of companies amidst volatility; Agritech startup Glife bags $1.6m in seed funding
And Singapore and Malaysia will discuss the new GPS-based instrument approach to Seletar Airport.
Chart of the Day: SGX stocks with Chinese exposure rebound 25% YTD
The rally comes after China posted better than expected Q1 GDP growth figures.
Daily Markets Briefing: STI down 0.03%
Expect muted gains today.
COE supply to fall by 3.5% by May-July
The quota will fall to 25,347 from 26,257 in January-April.
Singapore ranks as the world's third least miserable economy: Bloomberg
The index hailed the city's central bank and stable economic policies.
Daily Briefing: DBS to halt coal financing by 2021; Swire Properties unveils first residential project
And the number of overseas medical schools approved for practice in Singapore will be cut to 103.
Chart of the day: Number of tenancies for single-user factory hit 130 in January-February
Overall, the industrial property market has stayed largely flat during the quarter.
Keppel O&M bags integration and upgrading contracts worth $160m
Keppel Shipyard will do integration work for a FPSO vessel whilst Keppel FELS will upgrade the rig Ocean Onyx.
Keppel REIT net property income up 0.3% to $31.31m in Q1
It was saved by higher one-off income that was offset by lower incomes from properties.
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