Singapore
CapitaLand buys more preference shares in Township Development Fund II
CTDFII issued 1,200 preference shares for $1.6m.
CapitaLand buys more preference shares in Township Development Fund II
CTDFII issued 1,200 preference shares for $1.6m.
Property agents group to buy 51% stake in online platform SoReal Prop
This will benefit SEAA’s 4,700 real estate agency members.
Golden Mile Complex attempts second en bloc sale at $800m
Its land area of approximately 1.3 hectares and is zoned for commercial use.
Metro Holdings to issue $165m 4.3% notes
The net proceeds will be used to finance investments and general working capital requirements.
SM Investments rejects restructuring leeway for Hyflux
Hyflux unveiled the status of its restructuring in response to SIAS’ demands.
Grab launches public transportation Trip Planner app feature in Indonesia
Users can plan their journey with accurate public transportation information and end-to-end directions within the app.
Luxury co-working spaces on the rise in Singapore
The Work Project launched MARK, its brand new members-only business club, whilst The Great Room has just signed on a 15,000 sqft space at Raffles Hotel.
Daily Markets Briefing: STI up 0.55%
Don’t expect gains today.
Daily Briefing: Singapore law firm clears Wirecard of some corruption claims; Temasek invests US$29m in Vietnamese Internet major VNG
And tech-enabled student housing startup Oxfordcaps raises $11m in series A funding.
Chart of the Day: Manufacturing output growth hits 0.7% in February
On a month-on-month basis, manufacturing output decreased 4.1%.
Average Grade A CBD office rents hit a decade high at $10.63 psf in Q1 2019
Rents in the Marina Bay submarket led the increase.
Two-shift taxi trips grow after nearly three-year slump
Taxi rides for two-shift taxis rose for the third month in January at 3.2%.
IPOS extends its Mediation Promotion Scheme for three years
The enhanced scheme will be effective on 1 April 2019.
Singapore's passport is the most powerful in the world
It shared the top spot with Japan and South Korea, having visa-free access to 189 countries.
Raffles Infrastructure Holdings defends $320,000 directors' fees
The board deemed it reasonable given the change in its financial year end from 31 December to 30 June.
First Sponsor Group to undertake rights issue for $399.5m
It dropped its initial plan to issue warrants for perpetual capital securities.
Will a tougher training scheme hurt lawyer headcount?
Practice trainees should be conferred with limited rights after six months of training and focus on a single law practice for a year.
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