News
Acrophyte buys 19% stake in ARA H-Trust
Acrophyte buys 19% stake in ARA H-Trust
Acrophyte AM has acquired both ARA H-Trust’s REIT manager and trustee-manager.
IRAS, MAS revise tax treatment of insurance reserves
Previously, reserves were non-deductible as estimates of contingent liabilities.
Frasers Property bags $904.1m green-linked loan
Proceeds will be used to repay existing debts and for working capital.
Two-storey shophouse at 532 Balestier Road up for sale via EOI
The property has a guide price of $8m.
Full strata office floor in Suntec City Tower 1 up for sale
The property is priced at $42.8m.
Money laundering risks in Singapore climb 79% in 2023: Moody’s
Tighter scrutiny sought for CSPs.
Over 40% of Singaporeans pay FX fees when travelling abroad: report
Majority of travellers still use cash, only about half use credit cards.
Singapore has the most shortest-serving CEOs in the world: report
The city-state ranked 118th out of 122 countries.
Hotel ADRs to outperform in 2024 with packed event calendar
April 2024 year-to-date Average Daily Rates was $288.
High-end rents rise 3% whilst mid-market rents decline
Affluent local families drove the High-end rent increase.
Emirates’ one year of premium economy in Singapore boasts 26,000 passengers
It is popular among Singapore travellers.
Daily Markets Briefing: STI up 0.65%; Top stock is Singtel
Singtel is the top stock with a 2.11% increase.
Ascott expands property portfolio in Europe
Six new ones were added.
Tan Chong predicts a lower profit of $453m for H1 2024
In H1 2023, Tan Chong reported a $309m gain.
Oxley fully redeems $133m due 2024
The company has redeemed over $1b worth of notes since November 2019.
SGX mandates delisting of YuuZoo Networks Group
Based on public records, the company is “dissolved."
Singapore banks are phasing out OTPs for logins
Banks will instead use digital tokens to authenticate bank account login attempts.
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