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Underlying Fund focused on impact investing and stable income for investors.

SPH Reit grants rebate to businesses to reduce the impact of COVID-19. Singapore Press Holdings (SPH) board members will take a voluntary 10% reduction in directors' fees, whilst the salary of those in senior management will be cut by 5% starting April, according to an announcement on Thursday. SPH is the sponsor of SPH Real Estate Investment Trust (SPH Reit), which has also introduced pay cuts for its CEO and senior staff. In addition, SPH Reit will fully pass on its property tax rebate to its tenants to reduce the impact of Covid-19 on businesses, aiming to finalise the details of the enhanced tenants rebate scheme by April. This comes after Deputy Prime Minister Heng Swee Keat’s announcement that qualifying commercial properties will not pay property tax in 2020, whilst businesses in other non-residential properties will get a rebate of 30%. SPH Reit is also considering granting further rental rebates to retail and food and beverage businesses at malls. This is due to stricter measures that have been rolled out to minimise further spread of the novel coronavirus such as the closure of bars and entertainment venues till 30 April.  

Hotel rooms remain half-filled resulting in a 40% decline in revenue.

Its portfolio includes a firm working on a vaccine against COVID-19.

Final deficit figure likely to fall at 7.2%.

It will be disbursed to its retail tenants in a targeted manner.

The regulator has adopted a neutral rate of appreciation.

It will construct a biosolids building, digesters and greasy waste receiving facility in Tuas.

And medtech firm Biolidics acquires lab operator for $3.7m.

More foreigners of unspecified origin bought homes in the market.

UOB led the gains amongst top active stocks with a 2.43% climb.

Singtel saw the sharpest decline amongst top active stocks with a 3.08% contraction.

Condos priced $1m to $1.5m grew more popular in the region.

And ARA Asset Management completes acquisition of investment manager Venn Partners.

Qualified commercial properties may receive a 100% tax rebate.

It aims to support more stable USD funding conditions in Singapore.