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.
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