News
CICT launches $500m private placement to fund CapitaSpring acquisition
CICT launches $500m private placement to fund CapitaSpring acquisition
Units are priced between $2.105 and $2.142.
Lendlease to sell Jem office segment to Keppel
The net cash proceeds from the divestment are estimated to be $459.4m.
Ong Beng Seng pleads guilty to abetting obstruction of justice
His sentence will be released on 15 August.Ong Beng Seng pleaded guilty to one charge of abetting the obstruction of justice in connection with the corruption scandal involving a former Transport Minister.
Lendlease Global Commercial REIT records lower NPI in FY2025
The company linked this to property operating expenses rising to $57.8m.
COTD: Landed home prices dip below $2,000 psf in Q2
This was a 0.9% decrease quarter-on-quarter.
mm2 Asia faces $17.6m in legal claims, maintains it can stay afloat
Most claims are linked to its cinema unit, CCPL.
CICT acquires full ownership of CapitaSpring for $1.045b
DPU expected to rise 1.1%.
Samsung opens Business Experience Studio in Singapore
The 2,150-square-foot studio aims to provide businesses with hands-on experience using Samsung’s enterprise solutions.
Singapore boosts digital spend in construction
Construction firms in Singapore use an average of 7.3 technologies, the report said.
Singapore leads APAC in hybrid work access: report
Around 79% of employees say a company’s sustainability and CSR efforts influence their job decisions.
Over 75% of APAC logistics firms plan to expand space
CBRE noted Singapore’s appeal extends beyond cost competitiveness.
Over 900 units across three residential sites sold on launch weekend
Promenade Peak in Zion Promenade moved 331 units out of 596 (56%).
Daily Markets Briefing: STI up 1.08%; Top stock is Mapletree PanAsia Com Tr
Mapletree PanAsia Com Tr is the top stock with a 3.13% increase.
FTSE ST Industrials Index up 13.2% in July, outpaces STI
Wee Hur, Frencken, and Samudera led gains.
Singapore’s deal activity down by 16% in H1: GlobalData
APAC’s deal landscape increased by around 3% in the same period.
ISOTeam acquires remaining 49% shares of subsidiary Zara
The consideration for the acquisition is $1.ISOTeam Ltd. announced that it purchased the 73,500 ordinary shares owned by Chin Wai Tuck in the company's subsidiary Zara @ ISOTeam, representing 49%$ of the issued and paid-up share capital of Zara.
Keppel net profit up 25% in H1 2025
This was driven by solid performance in infrastructure and real estate.
Commentary
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