News

Suntec REIT’s distributable income drops 26.8% YoY to $50.3m in 1Q23

Given the drop, it recorded a 27.4% YoY lower DPU to unitholders.

FCT’s net property income rises 5.7% YoY to $137.96m in 1H23

Despite the increase, it recorded a 0.1% YoY lower DPU of $0.06130.

ESR-LOGOS REIT net property income soars 78.2% to $70.4m in 1Q 2023

The contributions from ARA LOGOS Logistics Trust after its merger drove the growth.

Core inflation to fall below 5.0% in remaining quarters

RHB expects core inflation to fall at around 2.5% at year-end.

New fare formula to balance affordable rates and public transport’s financial stability

The government considered inflation and ridership patterns in the adjustment.  

CapitaLand Ascott Trust’s gross profit grew nearly 60% YoY in Q1

New properties’ operating performance led to growth.

HDB rents rise 0.7% MoM in March

By room type, 3 Room recorded the highest rent increase.

Condo rents drop 0.3% MoM in March

Rents across sub-markets dropped in March, except for CCR.

Chart of the Day: Singaporeans’ preferences towards travel

Half of the travellers are staying in five-star hotels.

Two SG companies enter Top 500 Family Businesses

All of them generate a combined $10.72t in revenue.

Alipay+ accessible in 11,000 SG Hawker Centre stalls

Users of the platform and partner e-wallets can pay through the SGQR.

Precious metals seen as conservative trade in volatile economic environment

Expert suggests 10%-25% allocation in precious metals as volatility in macroeconomic situations calls for diversifying investment portfolios.