News
DBS acquires Citi’s Taiwan consumer banking business
DBS acquires Citi’s Taiwan consumer banking business
DBS will pay Citi in cash for the net assets plus a premium of S$956m.
Industrial prices and rent to increase between 3% to 5% in 2022
In 2021, price and rent indices increased by 4.4% and 2%, respectively.
Gold rush: SG Demand for gold up 16% to 4,021 tons YoY
A total of 3t was recorded in Q4 2021.
4 of 5 Singapore employees want four-day workweek and flexibility
More than half of the professionals are working beyond the 44-hour workweek standard.
Market update: STI down 0.38%
Sembcorp Industries was seen with the most growth.
Keppel REIT YoY unit distribution grows 9%
Units distributed amounted to $212.1m, including capital gains distribution of $2.0m.
Keppel DC REIT DPU up 7.4% to 9.85 cents for FY 2021
The group’s portfolio remained stable throughout the year with an occupancy rate of 98.3%.
ESR-REIT gross revenue grows 5% for FY21
The amount available for distribution also increased 15.4% YoY to $114.4m.
Guocoland profit attributable triples to $67.5m for H1 FY21/22
Revenue for the period also increased by 42% for the period, hitting a total of $452.7m.
Singapore inks PASFTA with Latin America
This is to establish new trade linkages with the region.
Ascendas India Trust’s net income jumps 5% YoY to $155.7m
Despite this, DPU still declined by 11%.
Novo Tellus Alpha Acquisition opens at $5 in SGX debut
It’s the third SPAC to be listed on the mainboard.
Singapore EDB lures $11.8b in fixed asset investments in 2021
The investments are expected to create over 17,000 jobs.
Mapletree Commercial Trust NPI up 5.6% YoY to hit $291.31m in FY21/22
Thanks to the higher compensation received from lease pre-terminations.
AA REIT’s net profit jumps 14.5% to $27.07m in Q3 FY22
This brought the REIT’s distributions to unitholders to $16.7m.
2021 GDP growth forecast raised to 7.3%
This is on the back of a 15.5% YoY expansion of industrial production Q4 2021.
MAS to further steepen S$NEER gradient in April: analysts
This is despite MAS’ surprise-off cycle tightening in January.
Read Here
Advertise
Sign Up
Commentary
Can controlled sandboxes prepare Singapore organisations for production AI?
What the latest sanctions regimes mean for Singapore businesses
Singapore’s tourism economy depends on security infrastructure most never see
Where does value creation really happen?
Managing the cost of diverging standards: Why Singapore matters
Singapore’s AI ambition has an intelligence problem
Singapore is deploying AI at speed – and security risks are catching up
Precious metal boom is a stress test for Singapore’s gold ambitions
Singapore’s global dispute fault lines