News
Daily Markets Briefing: STI up 1.99%; CapitaLand Investment Limited is top stock
Daily Markets Briefing: STI up 1.99%; CapitaLand Investment Limited is top stock
CapitaLand Investment Limited traded at 4.33% up.
GuocoLand bags $498.6m funding for Lentor Gardens site development
It secured funding from DBS Bank and OCBC.
UOB survey reveals 83% of SG firms keen on SE Asia expansion
UOB’s Eric Lian points out the resilience and growth of ASEAN as the major attraction for Singapore companies to expand operations.
Paya Lebar Green to be the greenest building in Singapore
It has been awarded all five sustainability badges under the Green Mark 2021 scheme.
SG, Cambodia launch Financial Transparency Corridor initiative
The initiative will facilitate increased collaboration between SMEs in the two markets.
New home sales high but volumes low in Q2 due to high interest rates
CBRE said private home prices fell amidst the cooling measures.
HK mulls ban on aquatic products from Japan
Aquatic products include all live, frozen, chilled, and dried.
EMA, ADB partner to develop RE generation, transmission in ASEAN
This will also boost Singapore’s decarbonisation drive in the power sector.
SGX Group hits news record for FX volume in June
FX futures traded volume rose 12% MoM in June to 3.3 million contracts.
Office market to see slow rental growth for 2H23
In Q2, Grade A office rents only rose by 0.9%.
JV of CapitaLand, SingLand, and UOL bags tender for Tampines Avenue 11 for $1.2b
The JV will develop the GLS parcel into a mixed-use development.
Business park rents to be muted in 2H23: CBRE
In 2Q23, rents remained flat at $6.10 psf/mth for City Fringe and $3.70 psf/mth for the Rest of Island.
Retail market to see continued recovery in 2H23
Prime retail rents in the Islandwide market rose 3.2% YoY in 2Q23.
Prime logistics rents up 8.6% in H1 amidst weak manufacturing output
Leasing activity is also stable.
More than 400,000 asset risks found in 25 largest SG firms
The firms have outdated tech for protecting against these risks.
Tiered excise tax is ThaiBev’s biggest concern: analyst
The beverage firm said the proposed implementation is discriminatory.
Daily Markets Briefing: STI up 0.36%; Seatrium is leading
Seatrium closed trading at 6.82% up.
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