Singapore
GIC buys 25% stake in Netherlands-based hotel operator citizenM
The sovereign wealth fund is looking to expand its portfolio of affordable luxury in urban markets.
GIC buys 25% stake in Netherlands-based hotel operator citizenM
The sovereign wealth fund is looking to expand its portfolio of affordable luxury in urban markets.
ST Engineering to buy Belgium satellite communications firm Newtec for $383m
The proposed acquisition will add intellectual property, products, and market access in Europe.
Luxury site D'Grove villas up for sale at $398m
The 21-storey and 45-unit development has a site area of 50,400 sqft.
e-commerce firm Shopmatic merges with retail manager Octopus
The combined entity will reportedly acquire 500,000 customers, generate $10m in revenue in 2019.
Ascott Reit to buy Felix Hotel in Australia for $58.8m
The 150-room property will be rebranded as Citadines Connect Sydney Airport.
SGX buys 20% stake in e-trading firm BidFX for $33.9m
CEO Loh Boon Chye will now join the board of BidFX.
Daily Briefing: GIC to buy 15% stake in India's GMR Airports; Singapore government to invest in cell therapy manufacturing
And here’s why technologists pull out of global banks in Singapore and Hong Kong.
Daily Markets Briefing: STI down 0.06%
Don’t expect gains today.
URA Draft Master Plan to boost mixed-use properties in CBD
One of the plan’s main thrusts includes injecting more homes into the CBD.
Chart of the Day: Rent and labour costs account for 75-78% of food service and retail companies' opex
For food retailers, staff costs are typically 10-12% of sales and 42% of total opex.
URA eyes more homes for Singapore Downtown in 2019
Its Draft Master Plan 2019 includes turning Anson Road, Cecil Street, and Tanjong Pagar into urban neighbourhoods.
Go-Jek to test driver-partner benefits programme on 1 April
The programme will include fuel rebates, prolonged medical leave insurance, and medical consultation services.
930,000 HDB households to receive $132m of S&CC rebate
Eligible Singaporean households will receive 1.5 to 3.5 months of S&CC rebate, depending on their HDB flat type.
SIA inks deal to integrate DBS' PayNow payment option
The firms will also introduce a DBS-SIA point conversion programme via the KrisPay app.
Keppel Infrastructure Trust to raise $200.79m in preferential share offering
The offering will close on 4 April.
Malaysia-based Fortress Minerals debuts on Catalist board at $0.22
It produces iron ore concentrate sold to firms in China and Malaysia.
Sinarmas Land-Rongqiao Group joint venture to invest $44.7m in Taicang Rongguan Real Estate Development
The investment will boost Sinarmas Land’s property development footprint in China.
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