News
Keppel Infrastructure Trust sells 24.62% stake in Ventura Motors for $109m
Keppel Infrastructure Trust sells 24.62% stake in Ventura Motors for $109m
It will retain a 73.06% stake in Ventura after the sale.
Grab prices $1.5b convertible notes offering
It launched a $273.5m share buyback.
United House relaunched for sale at $166m
The tender closes at 3:00 p.m. on 1 July.
Suntec REIT prices $250m subordinated perpetual securities at 4.48%
Proceeds will be used to repay existing borrowings.
Teo Chee Hean steps down from GIC board
Teo has served on the GIC Board for 14 years.
Ossia International appoints W Capital as IFA for privatisatisation bid
The Goh brothers first announced they would take Ossia private on 15 May.
Hotel Properties issues $220m notes at 4.4% per annum
Net proceeds will be used to refinance existing borrowings.
Elite UK REIT raises $6.9m in oversubscribed private placement issue
A total of 13.56 million units will be issued.
Qantas Group shuts down Jetstar Asia
The move is expected to recycle up to $500m in capital.
Changi Airport awards T5 tunnels contract to Penta-Ocean and Koh Brothers
Through Koh Brothers’s subsidiary, the group holds a 30% equity stake in the joint venture.
Singapore amongst most concerned over AI-driven digital fraud
84% of respondents said they were worried about fake digital IDs generated using AI, compared to 76% globally.
Singapore triples global share in cross-border property investment: report
Singapore accounted for 2.5% of global cross-border capital targeting standing assets in Q1 2025, from its five-year average of 1%.
DBS first to accept CPF LIFE payouts for credit card applications
It aims to expand access to financial products for retirees and seniors receiving monthly payouts.
Singapore remains costly but stable logistics hub in Asia Pacific: JLL
Warehouse rental rates in Singapore are amongst the highest in Asia Pacific, according to Waypoint.
OCBC’s revised Great Eastern bid seen having limited financial impact: RHB
RHB maintained a ‘Neutral’ rating on OCBC with a target price of $17.50, representing a 7% upside.
Daily Markets Briefing: STI up 0.09%; Top stock is UOL
UOL is the top stock with a 1.81% increase.
Old devices drop out of circulation as reuse and recycling stall
Singapore consumers upgrade their phones faster than the global average.
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Commentary
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