News
Daily Briefing: Income gap could be pushing home prices up; Singapore to benefit from surge of private equity deals
Daily Briefing: Income gap could be pushing home prices up; Singapore to benefit from surge of private equity deals
And here’s why the Uber-Grab deal could beat competition rules.
Daily Markets Briefing: STI up 1.34%
Expect some good news today.
Private home prices up 3.1% in Q1
The growth rate was the quickest since 2010.
Property investment sales hit all time high at $10.84b in Q1
The residential sector snapped up more than 80% of total sales.
Singapore is amongst least engaged in work in Asia
Only 59% of employees are engaged in work, compared to 76% in Indonesia.
Oxley sold Block D1 of Dublin Landings for $266.21m
It will be entitled to 77.53% of the price.
Mapletree Greater China Commercial Trust buys 6 Japan properties for $753.4m
These are expected to contribute 11% and 12% to its portfolio valuation and NPI.
SGX opens consultation to dispel dual class company risks
However, one-share-one-vote structure will continue to be the default system.
Noble bows out of paying for US$1.1b revolving credit facility
But it has now raised the support for its restructuring agreement to 55%.
Olam gets US$163m loan from ADB and JICA
The proceeds will be used mainly on Café Outspan Vietnam Limited.
Daily Markets Briefing: STI down 1.64%
DBS fell 2.65% and led the declines.
Chart of the Day: Public construction progress payments to rise in 2018
This will be supported by the work in the 21.5km North-South Corridor.
SMEs' profit and turnover expectations hit 3-year high in 2017
A study implied that firms are more confident of the economy as they focus on the domestic market.
SIA invests $457.65m in Boeing 787-10 fleet's cabin product installation
This will go to the first 20 787-10s to be delivered.
900,000 HDB owners to get Service & Conservancy Charges rebates worth $126m
Each eligible household will receive 1.5 to 3.5 months of rebates starting April.
Sasseur REIT IPO oversubscribed 3.7 times
It received $41.1m for 2,832 applications of publicly offered units.
Sembmarine wins contract to build FPSO for Energean-operated field
The vessel could be worth US$1.36b, according to previous calculations.
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