News
GIC invests $620m in Indian road builder IRB Infrastructure
GIC invests $620m in Indian road builder IRB Infrastructure
GIC will hold 49% of the firm and have board representation.
No Signboard closes hawker-themed burger chain as losses pile up
The company expects a $500,000 impairment loss from the closure.
Frasers Property profits up 68.2% to $333.93m in Q3
Its recurring income from rents has boosted its profits.
Temasek to buy security system supplier D'Crypt for $100m
StarHub previously bought the military security firm for $122m in 2017.
OUE C-REIT's Q2 NPI soared 20.1% YoY to $40.8m
This is mainly due to contribution from the OUE Downtown office acquired last November.
UOL profits up 48% to $195.38m in Q2
Its fair value gains on investment properties skyrocketed 182% and boosted earnings.
Chart of the Day: Vacancy rate of CBD grade A office space fell to 5.6% in Q2
Demand hit 376,000 sqft even if there were no new completions of office space in Q2.
Daily Briefing: Economy forecasts point to 3% contraction in Q2; Indonesia's MDI Ventures hires Singapore head
And the Asia Pacific Exchange registers its first futures trade for high-sulphur fuel oil.
Parc Clematis to open for preview on 17 August
A one-bedroom unit costs at least $1,550 psf.
Stricter regulation for bonds and REITs eyed
SGX RegCo is creating a working group to improve disclosures related to retail bonds.
Singapore seeks to regulate ride-hailing operators
Licensing will be open for application on February 2020.
CDL profits slide 26.4% to $162.4m in Q2
The divestment of Manulife Centre and 7 & 9 Tampines Grande supported its growth.
Cybersecurity venture props up struggling StarHub as losses narrow
However, the segment remains loss-making.
HDB resale prices down 0.2% in July
The new CPF rule has caused has dragged on the asking prices for older flats in mature estates.
Singtel Q1 profits crashed 35% to $541.1m
Higher network costs, depreciation and finance charges dragged on Airtel’s operations.
Fraser & Neave Q3 profits up 9% to $54.83m
Revenue from its dairies business grew 5.5% thanks to growth in its Thailand unit.
GIC divests stake in $1.67b Sydney office
GIC was looking to divest its 50% stake in the tower since September 2018.
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Commentary
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