News

IPOs raised $27b in Asia

This amounts to 42% of global capital raised.

Wing Tai’s Le Nouvel Ardmore sold for $4,200 psf

This is 20% higher than Kim Eng’s original assumption of $3,500 psf.

Winning GLS tenders 7% below average selling price

However, this discount started to widen after May 11 when the breakeven ASP for the Buangkok Drive site came in at 14% below market levels, says OCBC.

Temasek's profit more than doubles to S$13b

Last year's profit was S$5b, and Temasek's portfolio jumped to S$193b as of end-March.

Developers still tread with caution

There were only three bids for the Punggol site amidst uncertainty of policy changes in public housing.

OCBC Bank prices A$500m of senior unsecured notes

The notes have been rated Aa1 by Moody’s, AA- by Fitch and A+ by Standard & Poor’s.

Singapore GDP growth falls to 8.3% in Q1 2011

It fell by 3.7% from last year’s 12%.

Tiger Airway’s Aussie grounding could cost it from S$35m-$60m

UOB says Tiger Airways’ losses will accelerate even if the suspension is lifted.

World consumer spending gets a boost from lower petrol prices

15 out of 18 non manufacturing sectors grew through June, a sign that the world economy is back on track.

Government Land Sales a hit

Purchases of Government Land Sales sites made up the bulk of investments in the second quarter.

Foreigners more active in property buys

They accounted for 17.6% of investment deals, compared to 10.5% in the first quarter.

StanChart sued in Singapore for $2m

Thai businessman Chatchai Yenbamroong claims the bank gave him negligent and fraudulent investment information.

Chin Yau Seng now running Tiger, Tony Davis new Australia CEO as airline fights for survival downunder

Aussie regulator applies to extend flight ban as Tiger axes Aussie CEO Crawford Rix and Mr Chin assumes responsibilities of Mr Davis.

Government ‘rides the waves of change’ with eGov2015

eGov2015 was developed with inputs from the people, private and public sectors and will guide public agencies in the implementation of new ICT programmes over the next five years.

Unhappy chappys: Business optimism in Singapore falls by 6%

Cheer up, they are even more pessimistic in Malaysia, but can you blame them?