Markets & Investing
Property investment volume drops 30.6% YoY to $20.8b in 2023
Property investment volume drops 30.6% YoY to $20.8b in 2023
GLS tenders accounted for 37.2% of total investment last year.
Gallant Venture records a $16m net loss in H2 FY23
The loss came despite the 4% increase in revenue.
Straits Trading cuts losses by 64.3% YoY to $43.5m in 2H23
In 1H23, the company recorded a $121.8m loss.
Trustee-manager of Dasin Retail Trust hit with winding up petition from ex-CEO
The trustee-manager has received two winding-up petitions.
Cromwell EREIT posts 8.7% YoY lower income of €88.3m in FY23
The REIT also declared an 8.7% YoY lower DPU of €0.15693.
Dasin Retail Trust taps Wang Peng as acting CEO of trustee-manager
Peng was previously part of the Sino-Ocean Group.
New bill likely to prolong fundraising, leadership change for firms critical to national security
Legal experts believe cybersecurity and AI entities are likely to be affected by the measure.
Net property income of IREIT Global rises 2.3% YoY to €49.9m in FY23
Despite the increase in NPI, the REIT declared a lower distribution per unit.
Prime US REIT’s distributable income slips 2.1% YoY to US$28.6m in 2H23
The REIT attributed the decline to higher finance costs.
Net property income of ARA H-Trust rises 15.1% YoY to US$47.7m in FY23
The REIT attributed the increase to improved revenues and robust operational performance.
UHREIT posts 7.6% YoY higher net property income in FY23
NPI for the period was US$50.7m.
First Sponsor Group’s net profit drops in FY23
The group reported a net profit of $12.5m.
Trustee manager of Dasin Retail Trust hit with winding-up petition
The Trust received the petition from Zhang Guiming.
DPU of Elite Commercial REIT drops 28.9% YoY to £0.0342 in FY23
The REIT recorded a lower DPU despite a higher net property income.
First REIT’s DPU slips 6.1% YoY to $0.0248 in FY23
The REIT attributed the decline to higher financing costs, amongst others.
Sasseur REIT declares 4.6% YoY lower DPU in FY23
It also recorded a 5.8% YoY decline in its distributable income.
SGX issues $300m notes due 2027
These notes are priced at 3.45%, payable semi-annually.
Read Here
Advertise
Sign Up
Commentary
Digital identity in the age of AI: Singapore’s strategic advantage
Why Singapore-based firms still underestimate the human side of doing business in North Asia
Singapore's hiring slowdown: A call for data-driven resilience
When it comes to AI, there is no such thing as too many chefs
The agility trap: Why most Singaporean businesses are structured for stability, not speed
Building a Southern Malaysia supply chain ecosystem for Singapore’s advanced manufacturing
Failed talks, rising costs: Why Singapore still feels the shock of Middle East tensions
How Singapore consumer brands can build strong supply chains amidst rising input costs
Singapore’s AI ambitions will rise or fall on infrastructure
Why a clear digital roadmap is essential for business success