Staff Reporter
UOL, Hilton to open Asia Pacific’s first NoMad Hotel in Singapore
UOL, Hilton to open Asia Pacific’s first NoMad Hotel in Singapore
The hotel is expected to be operational in early 2027.
PMI slows in April to 49.6
The decline marks the first contraction after 19 months of expansion.
Climate Bridge International launches in Singapore with EDB grant
The company aims to accelerate the design and financing of carbon projects aligned with Article 6 of the Paris Agreement.
CICT divests CapitaSpring’s serviced residence
The company is divesting its 45% stake for $126m.
Luminor Financial Holding’s executive director to assist in Malaysian investigations
CCID is investigating a case on Ratus Nautika Sdn Bhd (RN).
Daily Markets Briefing: STI up 0.09%; Top stock is JMH USD
JMH USD is the top stock with a 3.91% increase.
DBS sees STI trading sideways after April rebound stalls
The index is forecast to trade within a range, with support at 3,700 and 3,635, and resistance at 3,820 and 3,865.
Trump’s trade reboot clouds APAC outlook, CRE holds for now: report
APAC entered 2025 with economic momentum: Q1 GDP growth came in at 3.9%, matching pre-Trump levels.
Institutions flee banks with $701m in April outflows
The Straits Times Index (STI) declined 3.5% during the month, with dividends easing the total return loss to 2.3%.
Q&M Dental to acquire all remaining Aoxin Q&M shares at $0.0321 each
The offer will close on 28 May.
Jardine C&C reports lower contributions from most businesses in Q1
Currency depreciation contributed to the downturn.
Elite UK REIT’s NPI rise 24.4% YoY to $18m
DPU rose 9.6% to $0.0132.
CSE Global unit acquires Chicago Communications for $11.1m
It will expand the group’s communication businesses in the infrastructure industry.
Manufacturing outlook dims amidst trade strains
The chemicals cluster is the most pessimistic.
Sasseur Asset Management’s CEO Cecilia Tan to step down.
Her last day as CEO will be on 28 October.
CDL Hospitality Trusts’ NPI down 14.2% YoY
NPI for the period was $30.0m.
GRP Limited appoints new contractor for housing project in Malaysia
The total contract sum is approximately $28.1m (RM92.83m).
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