News
SG’s commercial real estate sales jump 40% YoY to US$3.7b in Q1
SG’s commercial real estate sales jump 40% YoY to US$3.7b in Q1
The Lion City is amongst the only two major markets to post an increase in investment volume.
Food firm to pay $75,000 fine after violations in foreign manpower act
But the government found that the firm committed no criminal offence.
OCBC prices A$1b senior floating rate green notes
The bank will issue the notes through its Sydney Branch.
Singapore shines as third-largest growth in gold reserves in the past decade
The Lion City’s gold reserves grew by 20.68% from 127.4 to 153.74 tonnes.
Frasers Property Limited’s attributable profit grew 42.8% in H1
It went up to $225.8m in the first half (H1) of fiscal year 2023.
Chart of the Day: Business park rents went up 0.6% in Q1
It deaccelerated from a 1% increase in the fourth quarter of 2022.
Demand for higher specification industrial assets to back industrial market
Manufacturing, logistics, biomedical, and food sectors will drive demand.
Daily Markets Briefing: STI down 0.39%; Genting Singapore is most active stock
Genting Singapore is leading the index.
Singapore’s NETS boosts touchless payment options
Consumers can now use their Mastercard and Visa debit cards to make NETS contactless payments locally.
Singapore’s AUM grew by $470b mostly due to institutional investors: MAS
The growth makes up around 20% of the increase in total AUM from 2017 to 2021.
SIA reveals partial redemption of 50% of zero coupon MCBs
The aggregate amount of the right mandatory convertible bonds (MCBs) is at $3.09b.
Centurion's group revenue climbs 5% YoY to $47.1m in Q1
By geographical area, the company recorded its highest revenue in Singapore.
The Reserve Residence to open for preview on May 12
It comprises 732 residential units.
Prime US REIT’s NPI drops 7.2% YoY to US$23.6m in Q1
Given the drop, the REIT also posted a lower distributable income of US$14.9m.
CLI sees improved revenue in Q1
Its real estate investment business saw an 11% YoY increase.
MUST’s portfolio occupancy falls to 86.1% in Q1
The REIT attributed the decline to Carter’s downsizing at Phipps.
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