News
Geo Energy recovers 67% of unpaid receivables via sale of creditors’ rights
Geo Energy recovers 67% of unpaid receivables via sale of creditors’ rights
The company sold the creditors’ rights for US$18m.
Food Empire to issue US$40m redeemable exchangeable note to Ikhlas Capital
Proceeds from the notes issuance will go to SEA expansions.
Oxpay Financial obtains $2m convertible loan
The loan bears an interest rate of 6.9% per annum.
Singapore Airlines to launch daily flights to Beijing Daxing
The addition will boost SIA's weekly flights to Beijing to 28.
IREIT Global to lose top tenant at Berlin Campus
DRV contributed about 20% of IREIT Global's gross rental income in Q1 2024.
Singapore asks Facebook, Carousell to put up stronger safeguards against scams
The Online Criminal Harms Act was passed in July of last year.
Fallen Singapore oil tycoon OK Lim puts GCB up for sale for $43m
OK Lim last month was found guilty of three criminal charges.
Singapore dominates Southeast Asia tech funding
The city accounted for 68% of total funds raised in SEA in H1 2024.
Daily Markets Briefing: STI up 0.21%; Top stock is DFIRG USD
DFIRG USD is the top stock with a 2.67% increase.
River Valley Green site gets $464m top bid, no offers for Upper Thomson Road
Wing Tai's top bid for River Valley Green (Parcel A) translates to $1,325 psf ppr.
North Bridge Road, Bayshore to see strong reception in October BTO exercise
Projects in Kembangan and Ang Mo Kio will be popular too.
Mapletree sells US student housing asset
The property serves Appalachian State University in the town of Boone.
Seatrium to pay $77m in settlement to Awilco
The two parties have been in dispute since 2020.
HSBC Singapore unveils Live+ credit card for lifestyle spending
It offers an 8% cashback and 15% discount on selected transactions.
Ascott and SG Enable partner to enhance disability inclusion in hospitality
The initiative will provide workforce training and enhance inclusive spaces.
Less than 0.5% of SG office stock needs annual repurposing
This reflects the country's effective office stock utilisation.
Keppel REIT prices A$175m floating rate green notes due 2027
Funds from the issuance will support the REIT's acquisition in Sydney.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform