News
CapitaLand Commercial Trust gets lead in office market recovery with acquisitions
CapitaLand Commercial Trust gets lead in office market recovery with acquisitions
Net property income rose 3.4% thanks to its Galileo and Asia Square Tower 2 buys.
IBM to shut down Tampines plant amidst global restructuring
All of its workers will be retrenched.
GuocoLand to build 30-storey office tower and 200-unit living area in $1.6b Beach Road site
Guoco Midtown will be a 960,000 sqft mixed-use development.
Daily Briefing: Singapore's private banks struggle to hire and retain RMs; Biotech startup RWDC Industries raises nearly $30m in series A funding
And the Transport Minister hopes that the agreement to suspend the RTS would be finalised soon.
Chart of the day: Check out the loan growth of Singapore banks in Q4 2018
UOB’s loan growth hit 2.6%.
Daily Markets Briefing: STI up 0.3%
Wall Steet's gains could buoy the local market today.
Keppel Q1 profits plunged 40% to $203m
The earnings decline was due to Keppel's property arm which saw profits crash 65%.
Business travel to Singapore is Asia's fourth costliest
Hotel room prices in the nation fell to $337.60 per night from $347.10 (US$256) in 2018.
CapitaLand bags $528.3m in maiden real estate equity fund
The equity fund targets commercial real estate in Asia’s key cities.
M1 to delist on 24 April
Keppel and Singapore Press Holdings will own 91.15% of its shares.
Maybank kills collaboration agreement with Tuaspring and Hyflux
The bank will appoint receivers and managers over the assets of Tuaspring, save for its desalination plant and shared infrastructure.
CapitaLand Commercial Trust NPI up 3.4% to $79.80m in Q1
Higher contributions from Gallileo and higher occupancy at Asia Square Tower 2 boosted performance.
Singapore to lure more EV firms after Dyson's entry
The government aims to create EV clusters enhancing the capabilities of adjacent industries.
Perennial sells stake in Chinatown Point Mall entities for $225m
The proportionate stake of the net proceeds is expected to be $125.3m.
Daily Briefing: GIC to invest in ‘target list' of companies amidst volatility; Agritech startup Glife bags $1.6m in seed funding
And Singapore and Malaysia will discuss the new GPS-based instrument approach to Seletar Airport.
Chart of the Day: SGX stocks with Chinese exposure rebound 25% YTD
The rally comes after China posted better than expected Q1 GDP growth figures.
Daily Markets Briefing: STI down 0.03%
Expect muted gains today.
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