Staff Reporter
ARA US Hospitality Trust divests 4-property hotel portfolio for US$32.5m
ARA US Hospitality Trust divests 4-property hotel portfolio for US$32.5m
The trust cited three key benefits from the portfolio's sale.
HDB resale price index rises 2.6% QoQ in Q2
This came following the improvement in buyers’ confidence, said OrangeTee.
Cuscaden Peak acquires 61.68% stake in SPH REIT
This translates to a total of $1.73b units.
Private home prices up by 3.2% in Q2: URA
The private home prices index increased to 180.4 points.
Bilateral economic cooperation with Germany in the works
An inter-ministerial agreement on closer economic policy cooperation is now in the works.
MAS reprimands Three Arrows Capital over two violations
It provided false information to the MAS and exceeded the AUM threshold.
NNI taps VR tech to train neurosurgeons
It aims to create over 100 virtual neurosurgeon training modules.
Electricity tariff raised by 2.21 cents per kWh
The increase was implemented on the back of higher energy costs.
Singapore and Malaysia to deepen cooperation in digital and green economy
The trade ministers of both countries will begin discussions on a framework of cooperation.
Over 6.36 hectares of industrial land supply launched for H2
There are four sites on the confirmed list and three on the reserve list.
Withering wealth? 15% of the mass affluent plan to increase their borrowing
Two in five affluent Singaporeans also said they intend to reduce spending this year.
Sembcorp Marine’s order book to hit $1.95bn with delivery of two drill ships
The drill ships were built for Transocean.
SG is the most sustainable place for real estate in APAC
Knight Frank said the Lion City is extremely open to adapting ESG measures.
Market update: STI down 0.75%
ST Engineering and ComfortDelGro are the top stocks.
Chart of the day: Singapore’s rich are getting poorer
More than 2 in 5 Singaporean rich have had their income decreased in 2021.
More funds from IPOs seen in H2 as firms face economic woes: Deloitte
Nine IPOs posted $572m in proceeds, raising the total IPO market to $790m.
Six in 10 Singaporeans to shop outside Amazon during Amazon Prime Day
Criterio described this as the “strong halo effect” of the event to other retailers.
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