News
Keppel DC Reit to buy Kingsland Data Centre for $295.1m
Keppel DC Reit to buy Kingsland Data Centre for $295.1m
The acquisition aims to cater to multinational demand for data centre space.
OCBC profit up 29% to $1.11b in Q1
Higher income from wealth segment and loan related activities buoyed earnings.
Singapore's top office REITs NPI down 3.4% to $48.5m in 2017
Average gross revenue also edged down 2% to $65m.
Daily Markets Briefing: STI down 0.85%
Expect muted gains today.
Chart of the Day: HDB resale prices down 0.8% in Q1
This marks the fastest quarterly decline in three years.
Daily Briefing: Temasek eyes stake in Indian digital payments startup; LTA to accept license applications from bike-sharing operators
And another Singapore-based blockchain network has breached the US$1b market cap.
Office rentals dipped 0.6% in Q1
Gross rent for prime office spaces grew 1.3%, causing slower leasing activity.
URA accepts 9 bids for Hillview Rise site
An analyst noted the interest in the site is positive despite technical evaluation requirements.
Private sector PMI climbed 1.9 points to 55.6 in April
It was bolstered by faster rises in output and new orders.
Great Eastern Holdings Q1 profits surged 68% to $152.9m
It attributed the growth to higher profit from its Singapore insurance business.
Chart of the Day: Singapore's semiconductor production weakens amidst slow down in sales
Semiconductor production growth weakened from 27.4% in February to 18.8% in March.
Daily Briefing: Grab eyes raising US$1b for US$10b valuation; UOB boosts staff pay by 14% in Q1
And here's why a one-hour flight from Singapore is hailed as the world's busiest overseas route.
Daily Markets Briefing: STI down 1.1%
Investors are urged to take caution today.
SMEs sped up debt payment time from 35 to 33 days in Q1
The services sector improved the most, as it now takes 23 days on average to pay bills.
MAS imposes 4-year prohibition order on ex-Credit Suisse rep
Lim Fang Wee hid the identity of the owner of 3 accounts from the bank.
StarHub Q1 profits down 14.9% to $61.5m
It continued to be weighed down by lower revenue of mobile and pay TV services.
Singapore could lose up to $142.51b from talent crunch
Labour deficit could reach 1.09 million by 2030, a study revealed.
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