News
Prime US Reit’s net property income up 9.7% in H1 22
Prime US Reit’s net property income up 9.7% in H1 22
The net property income was at $70m (US50.8m).
DBS net profit down 3% in H1, but Q2 profits second-highest in history
The bank is expected to benefit from rising interest rates, says CEO Piyush Gupta.
CBD Grade A office rents demand up by 0.4% in Q2 22
Net demand for offices amounted to 136,00 square feet.
Market update: STI up 0.46%
Top gainer is Sembcorp Industries.
Singapore, Colombia partner for carbon credits framework development
This is in line with their commitment to Article 6 of the Paris Agreement.
Keppel O&M uses maritime smart glasses solution in Singapore yard
This will improve the efficiency of the company’s remote operations.
Ascendas REIT’s net income increase 7% YoY to $476.9m in H1 22
The increase was driven by contributions from its newly acquired properties.
Singtel-backed Telkomsel transfers 6,000 telecom towers to Indonesia’s Miratel
Following the transfer, Miratel now has 16,050 units of telecom towers from the Singtel JV.
MPA, Port of Rotterdam to create longest Green and Digital Corridor
This is expected to enable low and zero carbon shipping.
Overworked? MOH says attrition rate for local and foreign nurses increased in 2021
The attrition rate rose to 7.4% and 14.8%, respectively.
Purchasing Managers’ Index edges down 0.2 point in July
It posted a moderate expansion at 50.1.
OCBC net profit rose 7% to S$2.83b in H1
This was buoyed by higher net interest, although non-interest income fell during the period.
Public opinion sought on Sembcorp Marine and Keppel O&M merger
The competition authority is assessing whether the merger infringes the Competition Act 2004.
Chart of the day: Transaction volume of strata offices falls by 15.7% for H1 2022
The 145 units sold totaled $365.1m.
Strata office transaction value shrinks to $365.1m in H122
Compared to H221, the H122 figure represents a 15.7% decline.
Market update: STI up 0.04%
Jardine Matheson was at the helm.
Singtel to invest $137.7m more to Singtel Innov8
This will enable Innov8 to expand its portfolio of investments.
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