Singapore
ST Engineering's Aerospace arm extends partnership with Honeywell
It will leverage Honeywell’s technologies to provide a one-stop MRO shop.
ST Engineering's Aerospace arm extends partnership with Honeywell
It will leverage Honeywell’s technologies to provide a one-stop MRO shop.
Chart of the Day: Singapore's flexible office market expanded threefold in 2013-2018
An estimated two in five office buildings have a flexible office component.
Daily Briefing: Here's how much you really get paid at Google; Discounted Rivière unit sold to Frasers Property director
And here's how Singapore is helping firms integrate persons with disability into the workforce.
Beauty World Plaza relaunches tender at $165m
It got an in-principle approval to convert the residential component to serviced apartments.
ESR-REIT JV to buy logistics property for $225m
The site will serve as Poh Tiong Choon Logistics’ corporate headquarters.
MAS slaps three-year prohibition orders against former UBS banker
Paris Michele was discovered to have falsified company emails and forged documents.
31% of TEE Land's Lattice One units sold over the weekend
The average price of the units sold was around $1,800 psf.
Mercurius to buy 50% stake in Thai property development firm
A three-party JV will jointly develop Sheraton Phuket Grand Bay Resort in Phuket.
Standard Chartered launches one-stop digital forex platform
It allows clients to personalise watchlists and price alerts.
SP Telecom ties up with Nokia to build 5G fixed network by 2020
It will enable offerings for both government and enterprise customers.
ST Engineering teams up with Air New Zealand for inspections of aircrafts
A pilotless drone system will produce HD images from inspections of aircraft exteriors.
First Sponsor enters JV to develop Guangdong mixed-use property
Wanjiang Victory Land comprises three adjacent plots with a total site area of approximately 42,343.4 sqm.
Hyflux in talks with another potential white knight from China
The potential investor is said to be a subsidiary of a state-owned enterprise that provides power services.
Banks step up buyback spree to rescue share price
Most of the buybacks by DBS were done in May, when the share price fell 14%. Singapore banks’ share buybacks have picked up steam in 2019. A Maybank Kim Eng report noted that DBS and OCBC have bought back more shares YTD and much earlier than they did last year. Maybank KE analyst Thilan Wickramasinghe expounded that DBS has bought back 25% YTD of the volume it bought in 2018. “Importantly, this was mostly done in May 2019, when its share price fell 14%. Historically, DBS was most active buying back shares in Q3/Q4,” the analyst said. Meanwhile, OCBC has bought back 60% of the volume it bought in 2018 and much earlier, the analyst added, noting that the DBS and OCBC buybacks in Q2 2019 are equivalent to 55% and 53%, respectively, of their treasury shares balances. Also read: Singapore's big banks are on a buying spree as share buybacks hit $116.5m
NODX dropped 15.9% in May
Electronic exports contracted 31.4% YoY.
Daily Briefing: Sentosa Cove property prices fell to record low $1,367 psf; Full floor plate at Springleaf Tower up for sale at $27.2m
And 25-year-old Great Singapore Sale will kick off by 21 June. From Property Guru:
Industrial property sales jumped 27.6% to $1.3b in Q1
Major transactions include factories in Tuas South Avenue and Banyan Drive being sold for $585m and $227.5m, respectively.