News
Hiap Hoe sells Melbourne hotel for $83m
Hiap Hoe sells Melbourne hotel for $83m
The company will use the proceeds to repay bank borrowings and fund working capital.
KIT to acquire 98.6% stake in Victoria, Australia’s largest bus service business
The business trust will acquire the business for an enterprise value of $540m.
Singapore leaders pay tribute to late banking tycoon Wee Cho Yaw
Wee was hailed as a visionary leader and for his contributions to education and culture.
UOB charman emeritus Wee Cho Yaw passes away at 95
He expanded UOB to a multinational bank present in over 19 countries and territories.
FDAWU secures enhanced support package, training fund for Lazada's retrenched workers
At least 100 workers were affected by Lazada's restructuring exercise.
CapitaLand India Trust to acquire 3 industrial facilities in India for $43.2m
The facilities have a total net leasable area of 0.79 million square feet.
Mindlink Groups withdraws from M&A deal with Century 21 Singapore
Singapore invoked its foreign interference law against Century 21’s principal advisors.
Tanah Merah Ferry Terminal to undergo a $20m revamp
Singapore Cruise Centre will carry out upgrade works from January to December 2024.
S’pore regulator proposes simplified process for affordable insurance policies
MAS now proposes to reduce information requirements for term life insurance and standard critical illness policies.
7 in 10 SMEs plan to do more business internationally
Given this, more firms have been using apps for cross-border payments.
Daily Markets Briefing: STI up 0.97%; Top stock is DBS
DBS is the top stock with a 0.1225% increase.
Developers remain cautious in bids for Orchard Boulevard, Tengah EC sites
The upcoming Orchard project could sell for $3,000 psf.
Talent growth key to Singapore’s economic ambitions: KPMG
Upskilling workers, emerging technologies and ESG initiatives as top priorities.
Singapore’s new health information bill allows patient data control
The Health Information Bill introduces measures for patient data sharing and protection.
Non-landed residential rents to drop 5% YoY in 2024
Savills said two factors might lead to rents failing.
DBS merges brokerage, digital exchange with treasury markets business
The new group, Global Financial Markets (GFM), will be headed by Andrew Ng.
EC World REIT takes legal action against sponsor amidst mortgage dispute
Its sponsor failed to discharge the alleged "illegal" mortgages imposed in its Fuyang properties.
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