News
Suntec REIT’s distributable income decreases by 1.6% in 2024
Suntec REIT’s distributable income decreases by 1.6% in 2024
DPU from operations to unitholders was 6.192 cents.
ESR-REIT net property income dips 4.2% over non-core asset sale in 2024
DPU went down 17.4% to 2.119 cents for the year.
StanChart, Prudential Singapore’s bancassurance partnership hit 25
This is the longest on record in Singapore.
OUE REIT posts 2.3% NPI decline to $116.9m in H2 2024
This was due to the upward revision of prior years’ property tax for Hilton Singapore Orchard and Crowne Plaza Changi Airport.
Half of Singaporeans optimistic about 2025
57% of Singaporeans report high confidence in achieving their goals.
GVT speeds up expansion in front-end semiconductor market after bagging TSV project
It was awarded by a global leader in wafer fabrication equipment and services.
StarHub, Nokia to drive 5G and 4G app development in enterprise verticals
It will leverage Nokia’s network as a coding platform with a developer portal.
S’poreans ready for AI agents in the government: report
Singaporeans are amongst the most willing globally to use AI agents.
ESR China REIT raises $390m in Shanghai Stock Exchange IPO
It had 800 million shares offered at $0.48 (RMB2.628) per share.
Construction demand could reach $53b in 2025: BCA
This is due to the expected awarding of contracts for large-scale developments.
Ascott expands Oakwood brand with 16 new property signings in 2024
The Oakwood portfolio now comprises nearly 100 properties.
Keppel DC REIT DPU climbs 13.2% YoY in H2 2024
This was driven by the acquisition of Tokyo Data Centre 1.
MAS eases monetary policy as core inflation forecasts drops to 1% to 2%
CPI-All Items inflation will average 1.5% to 2.5% in 2025.
Starhill Global REIT DPU up by 1.1% in H1 2024
It was due to higher contributions from Singapore and Perth Properties.
SCA and PSD2 compliance hurts Singapore business conversion rates: report
67% of affected businesses reported a decline in conversion rates by 11-20%.
ST Engineering secures five-year MRO contract with Korean Air
ST Engineering will provide quick-turn maintenance from its MRO facility in Singapore.
Most finance leaders worry about nonfinancial data integrity: EY
43% of Singapore finance leaders citing inconsistencies and 30% reporting difficulties related to data formats.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform