News
PropNex Realty raises $38m from IPO
PropNex Realty raises $38m from IPO
Its publicly offered shares were 24.6 times oversubscribed.
Twenty Anson sold 19% over value amidst rising interest rates
It sold the 20-storey office building for $516m.
DSTA inks deals with Airbus and Boeing for tech and analytics
The deals will result in projects for Singapore's air force and aircraft.
CapitaLand Commercial Trust sold Tanjong Pagar property for $516m
The 20-storey Twenty Anson has a total net lettable area of about 206,000 sq ft.
Ryde drivers lose $50,000 to over 2,000 “phantom bookings”
300 fake accounts also came from 3 IP addresses, one of which is linked to Grabtaxi Pte Ltd.
Electricity tariffs to climb 6.9% in Q3: SP Group
Costs will rise due to more expensive natural gas.
1MDB scandal origins linked to Goldman bankers' lunch in Singapore
About US$577m was syphoned from a bond sale that was discussed in a restaurant.
Singapore bank loans up 5.48% to $667.89b in May
Business and consumer loans grew 5.78% and 5.01% respectively.
Temasek joins $273.6m funding for US genomics firm
Helix will utilise the funding for expansion on consumer adoption of their products.
Capella Hotel Group to manage Regent Singapore in 2019
Four Seasons ended the 26-year management contract with the hotel owner.
Singapore's third desalination plant starts operations
It will increase the current desalination capacity from 100 mgd to 130 mgd.
Mobike launches deposit-free policy for Singapore users
It will be available to users registered with the phone number prefix +65.
These two banks are the most vulnerable to growing trade tensions
The Greater China region represented a fourth of one bank’s profit before tax.
Daily Briefing: Singtel Innov8 joins tech firm's BitSight's US$60m series D round; Messaging service Line to open Singapore crypto exchange
And a Temasek unit is investing in a UK-based content and events firm.
Chart of the Day: Transpo stocks beat index slump after averaging 8% total returns YTD
This compares to a 3.1% decline in the FTSE ST All Share Index.
Daily Markets Briefing: STI up 0.09%
Expect muted gains today.
Homegrown F&B operator Koufu Group eyes IPO
It aims to build a 7-storey facility to support its stalls and outlets.
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