News
$60b eyed for rail network expansion over the next decade
$60b eyed for rail network expansion over the next decade
The stage 2 of the Thomson-East Coast Line will be completed in a few months.
Tee International fires ex-CEO and director
Phua Chian Kin was involved in unauthorized remittances in the company.
ADB unveils new Singapore office
It comprises 12 specialists from ADB’s PSOD and Office of Public-Private Partnership.
Listed US office REITs post higher yields than SREITs
US office REITs have longer WALEs ranging from four to six years unlike their Singapore peers.
SIA needs to be mindful of capacity cuts with EU obligation
It has been cutting capacity across the globe due to drop in passenger volumes.
Surprise US fed cut to weigh on OCBC's NIM
FY2020F NIM could dip below 1.70%.
Private home sales plunged 38.6% in Q4 2019
Developers held back launches during the festival season.
Hongkong Land Holdings' underlying profit up 4% to $1.49b in 2019
Contributions from the development properties in mainland China drove higher profits.
Dairy Farm's 2019 profits skyrocketed 281.84% to $448.53m
Total sales, supported by its investment in Robinsons Retail, climbed 26%.
Mandarin Oriental sinks into the red with $76.9m loss in 2019
Non-trading items related to the redevelopment of The Excelsior contributed to the loss.
Jardine Matheson Holdings' 2019 profits up 65% to $3.93b
Hongkong Land contributed $1.5b to the group’s total underlying profit.
Keppel Land China to co-develop Taicang residential site for $469m
The site is expected to yield more than 1,000 residential units.
Strait Times Index remains unchanged after March review
MIT, Suntec REIT, Keppel REIT, Keppel DC REIT and Netlink are now in the reserve list.
Aqua Munda appoints Singapore's ambassador to Kuwait as director
He was formerly the Senior Minister of State for Foreign Affairs until 2011.
CPFIS funds record 4.44% average returns in Q4 2019
Equity funds saw the biggest increase in returns at 5.99%. The overall Q4 2019 performance of funds under the Central Provident Fund Investment Scheme (CPFIS) posted positive returns of 4.44% on average, according to financial markets data provider Refinitiv. Positive average returns of 5.24% and 3.93% were recorded amongst CPFIS-included unit trusts and CPFIS-included investment-linked insurance policies (ILPs), respectively. All asset types saw positive average returns, with equity funds seeing the biggest jump of 5.99%, whilst bond funds recorded average returns of 0.1%. CPFIS-included funds grew 14.89% on average, with CPFIS-included unit trusts and CPFIS-included ILPs up 15.97% and 14.21% respectively for a one-year period. For the three-year period, CPFIS-included funds achieved 22.33% growth, accounted for a gain of 22.65% from CPFIS-included unit trusts and 22.13% from CPFIS-included ILPs.
Chart of the Day: Upcoming office supply in Marina Bay area add up to 2.83 million sqft
It takes up the largest share of the office supply pipeline.
Daily Briefing: Singapore to lure investments from virus-hit supply chains; NEA rolls out $24.8m HDB household package
And MOH will build two polyclinics in Bishan and Bidadari and a new hospital in the east.
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