News

Here's why CDL Hospitality Trust is not threatened by home-sharing platforms

Home-sharing platforms only comprise 3-4% of hotel room nights, an analyst said.

Low corporate demand hits serviced residences' revenues

Ascott Residence Trust suffered the most with a 7% RevPAU drop.

OCBC eyes doubling profit to $1b from China's Greater Bay Area

It will invest $200m in the area within the next five years.

Chart of the Day: Singapore overseas deals up 24.5% to US$12.4b YTD

Germany emerged as the most targeted nation for overseas deals.

SIA passenger load factor up 2.6 ppt to 79.6%

Cargo load factor fell 3.9 ppt as demand outpaced capacity changes.

Singapore M&A activity hit 4-year high at US$33.8b

Two large M&A deals breached the US$3b mark in H1.

Balestier Road property sold for $143.88m

Unit owners will be compensated approximately $1.4m to $2.32m.

Private home sales jumped 53.1% in May

Homes outside central region registered higher percentage of sales.

OCBC and UOB tap NETS for mobile and online payments

Purchases will directly be debited to the user's bank account through NETSPay.

Noble runs into creditor trouble over restructuring deal

Some perpetual bondholders in the UK filed a lawsuit against the company.

Foreign direct investment from Singapore fell 11.79% to US$24.7b

This was due to a significant fall in foreign direct investments in the financial sector.