News

Foreign demand for non-landed luxury homes wanes

Transactions by foreign purchasers fell by 50% to 13 in 2H23.

Ryde debuts on the New York Stock Exchange

The SG-based company priced its IPO at US$4.00 per share. 

Digital Core REIT boosts stake in Frankfurt data centre to 49.9%

It acquired the additional stake for €117.0m ($170.6m).

Singtel divests 0.8% direct stake in Airtel, gaining $0.95b

After the divestment, Singtel’s effective stake in Airtel will be 29.0%.

Cuscaden Peak divests The Seletar Mall for $550m

Cushman & Wakefield and JLL brokered the sale of the mall.

Ex-CEO, directors of Envision Wealth Management charged by MAS

They allegedly committed offences against the Securities and Futures Act, amongst others.

Trust Bank is most positively viewed financial brand by Singaporean women

It beat out other banking heavyweights and card network giants to emerge on top.

NTUC Income is insurance brand most positively viewed by Singapore women

It beat out FWD and Great Eastern to clinch the top spot.

SunMoon Food announces new leadership appointments

The appointments will take effect starting 1 April. 

Johnson Controls opens new R&D lab in Singapore

Johnson Controls’ Singapore expansion will drive sustainability practices in Southeast Asia.

Wing Tai Holdings launches $1b multicurrency debt issuance programme

Proceeds will be used for general working capital, investments, and refinancing existing borrowings. 

SEA Limited expects 2024 rebound amidst 2023 profit dip

The firm cut its 2024-25 forecasted earnings lower by 51% and 45%, respectively,

Singapore simplifies tax filing for commission agents, delivery workers

Over 100,000 commission agents will benefit from this simplified process.