Singapore

Britain's Magni to buy four rigs from Keppel and SMM

The rigs will be chartered to Brazilian petrol firm Petrobras over a 10-year lease.

Britain's Magni to buy four rigs from Keppel and SMM

The rigs will be chartered to Brazilian petrol firm Petrobras over a 10-year lease.

Private condo resales down 1.5% to 743 units in September

On a YoY basis, transaction volumes rose 8.5%.

Singapore Poultry Hub receives $40m loan to set up smart factory

It aims to boost the hub’s productivity and capacity by 26% and 70% respectively.

Top five non-REITs in Small Cap Index averaged total return of 36.5% YTD

Indofood Agri Resources leads the pack with a total return of 71.7%.

Eight manufacturing stocks averaged YTD total return of 16%

ThaiBev leads the pack with a 46% total return.

Accor to launch 13 new budget hotels in Singapore

The partnership with Global Premium will bring total inventory to 7,625 rooms.

Ascendas REIT competes in 'tight market' with Melbourne office buy: analyst

The site is located in Australia’s emerging suburban office market.

Singapore housing market ‘remarkably stable': UBS

It is the most improved housing market in terms of affordability.

Oxley fully acquires Australian construction firm Pindan Group

It now holds all 106.86 million shares issued by the group.

Two proprietary trading firm directors arrested for fraud in futures contracts trading

They are sentenced to 16 weeks’ and 4 weeks’ imprisonment, respectively.

Daily Markets Briefing: STI up 0.69%

Singtel led the gains amongst top active stocks with a 2.26% climb.

PropertyGuru seeks to raise $337.95m in Australian listing

Proceeds will be partly used to expand into online mortgage marketplace.

Keppel O&M units tie up with Sete Brasil to construct six drilling rigs

Fernvale will have full ownership over the unconstructed rigs.

Third-party logistics and e-commerce firms snap up nearly half of Singapore's warehouse space

E-commerce is thriving in the world's busiest transshipment port. Third-party logistics and other logistics companies, which consist of freight forwarders, transport agents, supply chain, logistics support companies, delivery service, storage service and e-commerce, emerged as the top occupier warehouses in Singapore, taking up 44% of the country’s total space, according to a report from Colliers. “Singapore has been the location of choice for e-commerce players to establish their footprint when entering the region. The emergence of e-commerce in recent years has had a positive spillover to the 3PL and logistics sector in Singapore,” Trisha Song, head of research for Singapore at Colliers International said in a statement. Also read: Factories get a facelift amidst Singapore's industrial property sector transformation Tenants from the manufacturing sector account for a third of the space, followed by distributor companies (10%), food, chemicals and pharmaceuticals sector (6%), oil, marine and energy (5%), with IT and technology sector taking up the least space (5%). There are about 117 million sqft of total warehouse space in Singapore, of which over 80% are located in the East and West regions. With a small population of just 5.7 million, the city has one of the highest warehouse space in Asia at 20 sqft per capita but lower than Japan and US, according to Colliers. The property firm expects property supply to ease, with annual expansion averaging 1.5% of warehouse total stock over 2019-2023.

Skyports to reveal vertical air taxi port at Marina Bay

Germany-based air taxi firm Volocopter will also conduct a demo flight.