Staff Reporter
COTD: Industrial lease renewals rise in Q3 as cost concerns limit relocations
COTD: Industrial lease renewals rise in Q3 as cost concerns limit relocations
The average islandwide logistics/warehouse rent held steady with expected growth in 2025.
Daily Markets Briefing: STI down 0.11%; Top stock is YZJ Shipbldg SGD
YZJ Shipbldg SGD is the top stock with a 5.35% increase.
Sabana Industrial REIT unitholders questions trustee's director nominations
The REIT will undergo internalisation without the involvement of a sponsor.
Tourism outlook and expansions boost Singapore's retail property market
In Q3 2024, the island-wide retail vacancy rate fell to its lowest level since Q3 2012.
Singapore eyes 15% top-up tax on MNEs to prevent foreign tax losses
Additional revenues from the top-up taxes will be used to enhance the local business environment.
High interest rates, economic conditions impact office demand
Still, a recovery in 2025 is anticipated as the global economy improves.
GlobalTix secures $6.5m in Series B funding
The company will use the fund for expansion.
Singapore Paincare invests $1.5m in digital transformation
UCrest will help the company in its digitisation.
Beng Kuang Marine exits SGX watchlist
The company was removed from the watchlist on 15 October.
Singapore emerges as world’s 2nd most expensive data centre market
Building a data centre in Singapore costs US$13.80 per watt.
Hanwha raises offer to $0.67 to acquire full control of Dyna-Mac Holdings
The offer is final.
Singapore tech funding drops 26% YoY to US$397m in Q3
The YoY decline was observed across funding stages.
CPF Special Account for members 55 and older to close by January 2025
The Parliament has passed the CPF (Amendment) Bill.
New bill targets court abuse with stricter contempt guidelines
Court abuse includes filing false claims to delay criminal proceedings.
Hatten Land names Deloitte partners as joint judicial managers in restructuring
The court already approved its application for judicial management.
SMEs across most industries continue to grow in Q3, except ICT
Overall, SME performance improved to 50.8 from 50.2 in the OCBC index.
Lee Hsien Yang to apply for demolition of family home at 38 Oxley Road
He plans to build a small private dwelling that will be held within the family in perpetuity.
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