News
Here's why CDL Hospitality Trust is not threatened by home-sharing platforms
Here's why CDL Hospitality Trust is not threatened by home-sharing platforms
Home-sharing platforms only comprise 3-4% of hotel room nights, an analyst said.
Low corporate demand hits serviced residences' revenues
Ascott Residence Trust suffered the most with a 7% RevPAU drop.
OCBC eyes doubling profit to $1b from China's Greater Bay Area
It will invest $200m in the area within the next five years.
40,000 cyberattacks hit Singapore during Trump-Kim summit: report
Most targeted were VoIP phones and IoT devices.
Chart of the Day: Singapore overseas deals up 24.5% to US$12.4b YTD
Germany emerged as the most targeted nation for overseas deals.
Daily Briefing: OCBC to set up Chinese wealth management arm; Sheng Shiong to revamp old stores
And Don Quijote is planning to beef up its Singapore presence.
Daily Markets Briefing: STI down 0.97%
Don't expect gains today.
SIA passenger load factor up 2.6 ppt to 79.6%
Cargo load factor fell 3.9 ppt as demand outpaced capacity changes.
Singapore M&A activity hit 4-year high at US$33.8b
Two large M&A deals breached the US$3b mark in H1.
Balestier Road property sold for $143.88m
Unit owners will be compensated approximately $1.4m to $2.32m.
Private home sales jumped 53.1% in May
Homes outside central region registered higher percentage of sales.
OCBC and UOB tap NETS for mobile and online payments
Purchases will directly be debited to the user's bank account through NETSPay.
Noble runs into creditor trouble over restructuring deal
Some perpetual bondholders in the UK filed a lawsuit against the company.
Foreign direct investment from Singapore fell 11.79% to US$24.7b
This was due to a significant fall in foreign direct investments in the financial sector.
Grab's $500m syndicated facility deal 2.5 times oversubscribed
The deal will fund Grab Car’s vehicle fleet.
Keppel expects $43m gain from $205m sale of Shenyang township project
It said it is recycling assets for higher returns.
Ascendas Hospitality Trust buys 3 Osaka hotels for $126.1m
All 3-star hotels offer 518 rooms in total.
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