News
IMDA, AI Singapore, A*STAR launch $70m AI initiative
IMDA, AI Singapore, A*STAR launch $70m AI initiative
The initiative aims to develop Southeast Asia’s first large language model ecosystem.
Hotel average room rate dips 2.6% YoY in October
REVPAR fell in the same month.
2024 launches to yield up to 8,800 units
The 2024 figure will be 15.8% higher than units launched in 2023.
Mixed reception seen in three land sales on Zion Road, Upper Thomson Road
URA officially pilots long-stay serviced apartments.
Dasin Retail Trust lender says internalisation of trustee-manager could delay debt restructuring
Minority investors tout the internalisation as cost-saving which could push distributions higher.
Geopolitics, consumer behaviours drive high CFO turnover
Companies are facing increased CFO turnover due to market dynamics and shifting consumer trends, with Asia Pacific presenting a unique landscape.
Local firms more optimistic about business in 1Q24
Construction and transportation emerged as the most optimistic sectors.
Prices of private homes to rise modestly in 2024: expert
OrangeTee said there will be a moderate rise in new home sales next year as well.
Centurion disposes 2 worker accommodation assets in Malaysia for $65.1m
Malaysia’s public sector pension fund acquired the two assets.
1 in 10 firms yet to implement emission plans: report
Of firms with no emission plans in place, 45% said they don’t plan to develop one.
Elite Commercial REIT portfolio valuation drops to $697.5m
The valuation covers 150 properties.
Sats ‘on track’ to restoring profitability following 3 financial years of losses
The company also clarified that there is no risk for it to be placed on the SGX watchlist.
Yanlord Land Group’s contracted pre-sales drop to $5.5b in 11M23
The 11M23 pre-sale translates to a 52.8% YoY decline.
INSEAD taps PropertyGuru CEO as new board member
Hari V. Krishnan began his duties in INSEAD on 1 December.
Million-dollar HDB flat sales set to exceed 450 in 2023
The 2023 sales will be about 25% higher than 2022’s sales.
Daily Markets Briefing: STI down 0.19%; The top stock is UOB
DBS is the top stock despite 0.627% decrease.
Factory activity in Singapore likely bottomed out, slow rebound seen
Easing financial conditions to give factories reprieve next year.
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