News

Singapore shines as third-largest growth in gold reserves in the past decade

The Lion City’s gold reserves grew by 20.68% from 127.4 to 153.74 tonnes.

Frasers Property Limited’s attributable profit grew 42.8% in H1

It went up to $225.8m in the first half (H1) of fiscal year 2023.

Chart of the Day: Business park rents went up 0.6% in Q1

It deaccelerated from a 1% increase in the fourth quarter of 2022.

Demand for higher specification industrial assets to back industrial market

Manufacturing, logistics, biomedical, and food sectors will drive demand.

Singapore’s NETS boosts touchless payment options

Consumers can now use their Mastercard and Visa debit cards to make NETS contactless payments locally.

Singapore’s AUM grew by $470b mostly due to institutional investors: MAS

The growth makes up around 20% of the increase in total AUM from 2017 to 2021.

SIA reveals partial redemption of 50% of zero coupon MCBs

The aggregate amount of the right mandatory convertible bonds (MCBs) is at $3.09b.

Centurion's group revenue climbs 5% YoY to $47.1m in Q1

By geographical area, the company recorded its highest revenue in Singapore.

Prime US REIT’s NPI drops 7.2% YoY to US$23.6m in Q1

Given the drop, the REIT also posted a lower distributable income of US$14.9m.

CLI sees improved revenue in Q1

Its real estate investment business saw an 11% YoY increase.

MUST’s portfolio occupancy falls to 86.1% in Q1

The REIT attributed the decline to Carter’s downsizing at Phipps.

Authorized and recognized unit trusts post net inflows of $897.58m in Q1

For now, Morningstar sees global slowdown impact has yet to come to fruition.

Daily Markets Briefing: STI down 0.02%, Sembcorp Industries is leading

Sembcorp Industries and HongkongLand are the most active stocks.