News

Market Update: STI hits 3,000-point level after eight months

The Straits Times Index closed in the green reaching 3,000 level for the first time since March last year. The index went up by 22.49 points or 0.76% during yesterday's trading.

Mapletree, Keppel Land to launch luxury waterfront project

It will comprise of over 400 exclusive units spread across 10 residential blocks.

Singapore REIT sector raised $4.5b in secondary fundraisings in 2020

The largest placement raised was by Ascendas REIT, at $800m.

Singapore's digital-only banks face uphill battle to reach sustainable profits

Poor performance of earlier neobanks have cast a doubt on their ability to gain income.

LTA awards $34.3m contract for Downtown Line's Hume station

It covers the construction of an entrance, ventilation shaft, and fitting-out works.

SIA raises US$500m in bond issue

The issuance was oversubscribed with the final demand at more than US$2.85b.

SPH REIT gross revenue up 10.8% to $66.6m in Q1 FY2021

The rise was attributed to a $12.8m contribution from Westfield Marion.

DHL Express buys new planes

The first deliveries are scheduled for 2022.

Ascott Residence Trust secures $50m green loan from DBS

Proceeds will be used for lyf one-north Singapore, ART's maiden development project.

Singapore maritime industry remains as ‘world's top bunkering hub'

This is despite the economy contracting by 5.8% in 2020.

STI snaps two-day losses, ending at 2,977

The Straits Times Index ended Wednesday trade in the green, up by 0.34 points or 0.01% at 2,977.51.

Frasers Property recognized for green initiatives

Its energy saving initiatives include reducing consumption by 20% by 2030.

Five ‘laggard' S-REITs slated to outperform in 2021

UOB Kay Hian has named five S-REITs with attractive valuations that could represent opportunities for investors.

Daily Briefing: Singapore's Sea acquires Indonesian bank; Advantir raises 'seven-figure' seed funding

And Geylang Serai Hari Raya Bazaar to be held online on a new digital platform.

Nine in 10 poly graduates employed within six months after graduation

Over half of poly graduates in the labour force are employed full-time.

HDB rents rally 1.2%, condo rents dip 0.2% in 2020

Weak hiring prospects and lack of demand for foreign workers weighed on prices.