News

With the pro forma market capitalisation of the combined group pegged at around US$12.3 billion as of 22 October, the combined group is expected to have an increased weight in selected benchmark indices and will have added visibility among institutional investors globally.

Analysts say move shows shifting of Temasek’s focus to resources sector-analysts while crippling Hana.

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%.

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.

The bank names Jean Lee as Executive Director and Head of Human Resource and Ambrose Law as Executive Director and Chief Finance Officer.

Full-year volumes projected to reach up to $290 billion of investment trades globally.

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).

Two Private Banking heads for Greater China and Singapore will succeed Monica Wong as Chief Executive of Private Banking in Asia.

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.

The company’s S$900mln investment in the project will boost its generation capacity to 1,300 MW.

Listing of one of Singapore’s biggest developer coincides that of GETCO as market’s trading member.

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.

Companies can soon avail the opportunities for listing on both the Singapore Exchange and NASDAQ QMX.

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.

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).

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.