News
SPH REIT's Q2 results get boost from Australia buy
SPH REIT's Q2 results get boost from Australia buy
It bought 85% of Figtree Grove Shopping Centre at a post-cost yield of 5.7%.
Property investment sales dropped 52% to $5.3b in Q1 2019
The 82% YoY drop in residential investment sales contributed the most to the decline.
STB ties up with Alibaba for Chinese traveller analytic tools
The collaboration aims to boost Chinese visitor arrivals and spending.
Hyflux sues would-be white knight SM Investments for ditching restructuring deal
The water firm is also claiming a $38.9m deposit placed into escrow.
Keppel Infrastructure Trust sinks into the red with $16.21m loss in Q1 2019
The $775m acquisition cost of Ixom hit profits hard.
DBS inks Belt and Road deal with Sinosure
Insurance firm Sinosure will provide credit insurance for DBS financing activities.
Keppel DC REIT's NPI up 26.8% to $43.23m in Q1 2019
The firm's data centre buys in Germany and Singapore pushed up earnings.
Daily Briefing: Land-starved Singapore makes room for urban farms in food security push; Hotel Properties acquires Marriott Hotel for $30.56m
And Tuas Checkpoint will soon feature a contactless immigration system.
Daily Markets Briefing: STI down 0.18%
Expect muted gains today.
Chart of the day: Visitor arrivals growth slows to 2% in January-February
Arrivals from China and the ASEAN region moderated.
New home sales ballooned 131.6% to 1,054 units in March
Ongoing projects like The Tre ver, Riverfront Residences and Parc Bottania saw strong market take-up.
Singtel's diluted stake in Bharti Airtel could boost associate contributions by 14% over 2020
Bharti Airtel witnessed its revenues decline by nearly $2.57b over FY2016-2018.
Retail sales slipped 10% in February 2019 to $3.3b
The early CNY celebration weighed on sales.
Over half of large firms to move their finance systems to the cloud: survey
Respondents also noted that CFOs should expand their roles beyond finance into risk management and cyber security.
ST Engineering gets green light from US to buy MRAS
The acquisition is set to close in the week beginning 15 April.
Surbana Jurong further subscribes to $300m of Changi Airports' bonds
This follows after the firm first subscribed for $500m bonds of Changi Airports.
UIC increases stake in Marina Centre Holdings for $485m
The company will be buying 10% of MCH’s shares from OUE, 10.27% from Finnegan and 4% from Mackmoor.
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