Staff Reporter
Elite Commercial REIT’s distributable income drops 26.1% YoY to $7.5m in 1Q23
Elite Commercial REIT’s distributable income drops 26.1% YoY to $7.5m in 1Q23
The REIT attributed the decline to increased borrowing costs amongst others.
Number of women brand owners, inventors rising in Singapore: report
The proportion of women brand owners who registered trademarks rose to 23.4% in 2022.
More than half of Singaporeans think they are underpaid
Last year, one in five employees did not receive a bonus for their work contributions.
8 in 10 C-suite executives say delaying sustainability goals may damage company value
But majority say they are challenged to achieve their progress with low budget.
Digital Core REIT’s NPI down 2.3% YoY in Q1
Its net property income (NPI) declined to US$17.4m ($23.2m).
UOB posts record net profit of S$1.6b in Q1
Core operating profit was also 60% higher at S$2.1b.
Heads up: Gov’t raises ABSD rates to manage property investment demand
The rates increased to 60% for foreigners whilst 65% for entities or trusts.
Manufacturing output drops 4.2% YoY in March
Excluding biomedical manufacturing, the output would have fallen by 6.0% YoY.
Divestment of Daikanyama hits Starhill Global REIT’s NPI
The net property income (NPI) declined 1.3% YoY in 3Q FY22/23.
Analysts tell investors to stay defensive amidst uncertain US Fed policy action
Preferred exposure is healthcare, industrial REIT sectors, and consumer staples.
Daily Markets Briefing: STI down 0.06%; Top stock is Frasers L&C
Commercial REITs are leading.
Chart of the Day: Shophouse sales volume down 46% YoY in Q1
It went down to 28 deals in the first few months of the year.
Tech startups unfazed by challenging early-stage fundraising environment: report
In Singapore, about 60 tech startups get incorporated annually.
More than half of SGX firms polled are vulnerable to email fraud: report
Only 8% actively block suspicious emails.
Keppel Data Centres, Woodside to explore supplying liquid hydrogen to Singapore
Keppel could buy around 1,000 tonnes of liquid hydrogen a day.
Greenwashing? Nearly 70% of top-level executives admit overstating sustainability goals
But 92% believe greenwashing is “accidental.”
Suntec REIT’s distributable income drops 26.8% YoY to $50.3m in 1Q23
Given the drop, it recorded a 27.4% YoY lower DPU to unitholders.
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