News
Big 3 banks suffer YoY declines in non-interest income in Q122
UOB posted the biggest decline at 30%.
Real-time payments to boost SG's GDP by $793.2m in 2026
In 2021, total transactions facilitated $483.1m of additional economic output.
Grab obtains Data Protection Trustmark certification from IMDA
It's the first super app to be awarded the certificate.
After merger, Keppel, Sembcorp Marine to see long-term, short-term benefits
Keppel will focus on asset-light businesses whilst Sembcorp will be more competitive.
Grace Fu goes to Switzerland, Denmark to tackle climate action progress
Both events will be held in the first week and second week of May.
Far East Hospitality Trust’s distribution yield to improve by 5.7% in 2023: UOB KayHian
Reopening borders and hotel contracts will improve distribution yield.
The distribution yield of Far East Hospitality Trust (FEHT), a real estate investment trust, could improve by 5.7% in 2023, triggered by rapid opening of international borders last month as well as redeployed hotel contracts, investment banking firm, UOB KayHian, said.
In its report, UOB KayHian bared that there are three hotels under government contracts that were redeployed, which will serve business and leisure travellers in the first quarter of 2022 (Q1 2022).
UOB KayHian also reported hotel stability from fixed rents and an unchanged hotel revenue at $14.3m.
However, occupancy for hotels went down 8.2 percentage points, on a yearly basis, to 67.7% in Q1 2022 which stemmed from the ending of government contracts of three hotels, which will be used for isolation purposes. These hotels are Village Hotel Albert Court, Quincy Hotel and Elizabeth Hotel.
To date, FEHT has only three out of its nine hotels on government contracts whilst the remaining three government contracts were extended by two to three months until the middle of 2022.
Global law firm returns to SGX-listed Hongkong Land’s portfolio
White & Case moving to York House, property under Hongkong Land.
DBS, Xero simplifies SMEs loan application with data-sharing partnership
Xero customers now has the option of sharing their transaction records to DBS.
Market update: STI up 1.23%
Two banks led the index on the last trading day before the long weekend.
Singapore risks protection gap for older population
Prudential and Income are working together to close protection gaps, particularly in the area of long-term care.
More services firms expect favourable business conditions in Q2
The percentage of firms who are upbeat on business was up to 15% from 14% last quarter.
Genting Singapore names new CEO
New CEO Tan Hee Teck has been the firm’s president since 2010.
Grab and Singtel consortium bags Malaysia digital banking licence
The Malaysian digital bank will be led by Pei Si Lai.
CICT’s net property income up by 0.5% YoY in Q1
This was due to its integrated development performance.
AMRO expands Singapore office
The expanded office is equipped with modern digital workplace solutions.
Cuscaden Peak seeks to acquire SPH Reit for $0.9372 per unit
It stemmed from Cuscaden Peak’s right to reduce the minimum chain offer price.
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