Daily Briefing: CMA CGM taps banks for NOL acquisition; HDB to focus on older towns

And here’s the deal on alternative loan sources in Singapore.

France’s CMA CGM SA is in talks with banks including BNP Paribas Group, HSBC Holdings PLC. and J.P. Morgan & Chase Co. to raise money to finance the acquisition of Singapore shipping company Neptune Orient Lines Ltd. in a deal valued at around $5 billion, people with knowledge of the deal said Thursday. Read more here.

HDB manages 26 towns and housing estates, of which some are decades-old, while others are newly-built. But even as new Build-To-Order (BTO) launches are rolled out, the agency remains committed to upgrading existing estates. In fact, it expanded its upgrading programme during the financial year 2014/2015 to more towns, resulting in the upgrading segment registering a deficit of $574 million, up from $568 million in the previous financial year. Find out more here.

In the last few years, there has been a revival of pawn shops, rebranded, renewed, and looking sparklingly modern with glass doors and young customer service officers to give it a new spin. Gone are the days of the ubiquitous silver bars and ancient-looking storefronts. Read more here.
 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.
The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.
If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.