News
Temasek divests its entire $643mln Hana shares
Temasek divests its entire $643mln Hana shares
Analysts say move shows shifting of Temasek’s focus to resources sector-analysts while crippling Hana.
New measures slowing growth for private property
The property price index for private property climbed a mere 2.9% to 189.6 in 3Q, the lowest percentage increase for the last few quarters, while growth for the Core Central Region (CCR) was the lowest at just 1.6%.
Nielsen: Media Consumption Levels in Singapore Remain Healthy
The number of exclusive Internet users continues to remain small at 6% as 9 in 10 people still turn to either newspapers or the television daily for news and entertainment.
Bank of Singapore Appoints New Division Heads
The bank names Jean Lee as Executive Director and Head of Human Resource and Ambrose Law as Executive Director and Chief Finance Officer.
Global Direct Real Estate Investment Volumes Constrained by Product Availability in 3Q
Full-year volumes projected to reach up to $290 billion of investment trades globally.
Shangri-La's Golden Circle Opens Membership to Public
The hotel’s restructured international loyalty program now allows both staying and non-staying guests to earn and redeem Golden Circle Awards Points (GC Awards).
HSBC announces new Private Banking leadership in Asia and EMEA
Two Private Banking heads for Greater China and Singapore will succeed Monica Wong as Chief Executive of Private Banking in Asia.
CMT grows distribution per unit by 6.8% in first nine months
Higher rental rates, lower operating expenses and maiden contribution by Clarke Quay helped CapitaMall Trust (CMT) achieve a distribution per unit (DPU) of 6.881 cents in the first nine months.
Keppel Merlimau Cogen starts 800 MW expansion
The company’s S$900mln investment in the project will boost its generation capacity to 1,300 MW.
Singapore Exchange lists Mapletree Industrial Trust
Listing of one of Singapore’s biggest developer coincides that of GETCO as market’s trading member.
Phillip Securities keep buy advice on Wilmar International
The acquisition of a sugar refiner in Indonesia and the launch of its loan and credit facility were factors that pushed Phillip Securities Research Pte Ltd to maintain its buy recommendations on Wilmar International Limited’s (WIL) with a new target price of S$7.03.
SGX, NASDAQ QMX partner to offer listing on both exchanges
Companies can soon avail the opportunities for listing on both the Singapore Exchange and NASDAQ QMX.
Changi Airport passengers up 15 percent in September
Double digit growth in traffic to southeast and northeast Asia pushed Changi Airport’s passenger movements to increase by 15.3% to 30.8 million passengers compared to the same period last year.
CCT's distributable income for first nine months in 2010 up 14.2%
Distributable income in the first nine months of 2010 increased by 14.2% to S$166.3 million from S$145.6 million during the same period last year, according to CapitaCommercial Trust Management Limited (CCTML).
Real estate transaction volumes in Asia Pacific increase by 8%
Investment volumes for Asia Pacific commercial real estate markets increased by 8% in the third quarter of 2010 to $29.6 billion, according to the DTZ Research’s Investment Market Update.
Neptune Orient Lines doubles 3Q10 net profit to $282 million in 3Q10
Higher container shipping volumes and rates pushed Neptune Orient Lines (NOL) 3Q10 net profit to increase by 102% to $282 million from $139 million, according to Phillip Securities Research Pte Ltd.
iProperty.com opens inaugural international property expo in Singapore
Event will reveal some of developments, understand how Singapore’s new property measures will affect investors.
Commentary
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