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Daily Briefing: New Silkroutes buy two Shanghai firms for $49.3m; Singapore's fiscal policy can teach US
Daily Briefing: New Silkroutes buy two Shanghai firms for $49.3m; Singapore's fiscal policy can teach US
And here are 10 things you need to know about Sheng Siong results.
Genting Singapore eyes Osaka casino
The company will bid for an IR should Japan legalise them.
Expect prime industrial rents to plunge below $2 psf
But the spike of supply that caused it is expected to reverse the downward trend by end-2018.
Prime retail rents to stagnate at $35 psf
Structural headwinds from e-commerce are blamed for retailers woes.
MAS approves third derivatives exchange
APEX plans to launch trading in Q2 2018 and started to admit trading and clearing members.
Prime office rents to rise after bottoming at $9 psf
Yields in 2017 were at 3.25%.
$478m luxury hotel slated for Singtel Hill Street site
Local developer EL Development paid $118m for the property.
Daily Markets Briefing: STI up 1.28%
Expect some gains today.
Chart of the Day: Upcoming office supply to plunge in 4 years
This is a positive for rents, which could improve gradually as supply for space is squeezed.
Daily Briefing: Property market can shake off tax hike, REDAS head says; IKEA starts Singapore solar power project
And here’s how much BreadTalk’s 2017 dividends will be.
Genting Q4 profits fell 29% to $133.99m
But its revenue rose thanks to the strong performance of its leisure and hospitality segment.
Otto Marine floundering under $1.16b debt pile
It is one of several oil & gas firms still struggling to float after a plunge in crude prices caused contracts to dry up.
Accommodation prices were 5.3% cheaper in January
Service & Conservancy Charges (S&CC) rebates were given to HDB households in January 2018.
ST Engineering's profits down 1.1% to $168.5m in Q4
Its marine sector’s earnings plunged 96.8% due to shipbuilding losses.
Sembcorp Industries profits crashed 84.6% to $22.8m in Q4
It was hit by a $35m loss due to the poor performance of its marine rig business.
Sembcorp Industries to launch Indian IPO
It will sell utilities assets that are expected to yield $500m, adding to the proceeds of the IPO.
Wilmar's profits grew 25.4% to $1.58b in 2017
Oilseeds & Grains profit rose to $272.33m thanks to stronger sales.
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