News

The electronics cluster recorded the sharpest decline in output at 7.4%.

Easing of rents during the quarter was attributed to the large pool of stock in the west region.

Bedfont lakes holdings will become an indirect wholly-owned subsidiary of the firm.

About 81% of these leases are located in its four major malls.

All of its portfolio recorded higher gross operating profit.

They are working towards the deadline for proposals.

Its other operating income plunged 67.1% partly from lower gains from disposing subsidiaries.

Up to five licences will be granted to either conventional or Islamic banks.

The rents for all room types, except three-room HDB units, all grew.

This will expand its Data, Connectivity and Indices business.

Supply per year falls far behind the past three-year average of 1 million sqft.

YZJ Shipbuilding saw the sharpest decline amongst top active stocks with a 2.75% contraction. The Straits Times Index ended 19.37 or 0.6% lower at 3,234.56. The top active stocks were Singtel, which grew 1.83%, DBS, which fell 0.57%, UOB, which inched down 0.68%, YZJ Shipbuilding, which contracted 2.75%, and OCBC Bank with a 0.72% decline. The FTSE Mid Cap slid 0.3% whilst the FTSE Small Cap dipped 0.34%. 

And food delivery app Hi-So secures funding.

This is the fifth year the headline rate has failed to go over 1%.

Even with a quarterly increase, a rental gap could emerge as landlords shake up tenant priorities.

Demand is expected to be subdued in 2020 due to companies’ budget restraints for expansion. Office space rents saw a decrease of 3.2% in Q4 2019, a bigger plunge compared to the 0.6% slide in the previous quarter, according to a report by the Urban Redevelopment Authority (URA). For the whole of 2019, office space rentals declined 3.1%.