Singapore
Daily Briefing: GIC and Temasek ate up 60% of sovereign fund deals in 2018; Singaporean PE firm Tembusu Partners invests $201.4m in Chinese projects
And luxury property Boulevard 88 sold 20 out of 25 units for $3,550 psf.
Chart of the Day: Delay in industrial property completions in 2018 to boost supply in 2019
Supply in single-user factory spaces could jump by c.9%.
How much are CEOs in top Singapore-listed companies paid?
Compensation of CEOs from the top 30 listed companies typically range between $4m-$5m.
Cache Logistics Trust acquires logistics warehouse and office facility in Australia for $39.7m
The property is currently 76% anchored by a Melbourne-based transport and logistics company.
Singapore hopeful for China-backed Asia trade pact this year
The trade minister said he was hopeful that the trade pact could be sealed by the end of 2019.
Singapore gets first guilty plea in $8b penny stock scheme
Key accomplice Goh Hin Calm was sentenced to 36 months imprisonment by Singapore’s High Court.
MAS develops in-house tool to detect rogue trading behaviour early
It predicts the likelihood that market manipulation has occurred based on trade analysis and past cases.
Vietnamese ride-hailing firm FastGo to launch in Singapore in April
Driver-partners can register on 1 April, whilst customers can book rides on 30 April.
Frasers Property raises stake in PGIM Real Estate AsiaRetail Fund to 47.82% for $601.5m
Earnings are expected to grow to $511m after its acquisitions.
CapitaLand inks services agreement with Temasek's Jurong Consultants India
Jurong Consultants India will provide due diligence services for India properties as part of an acquisition. CapitaLand has entered into a services agreement with Temasek Holdings-owned Jurong Consultants (India), which will provide due diligence services related to properties in India.
MAS reopens $2b of the 5-year SGS bond
Intended tender amount is at $100m and the minimum denomination is at $1,000. The Monetary Authority of Singapore (MAS) will re-open $2b of the 5-year SGS bond with a coupon rate of 1.75% pa maturing on 1 Feb 2023.
Challenger Technologies to delist with $0.56 exit offer price
It cited weak retail sentiment and industry disruption amongst its reasons for delisting.
Frasers Property unit secures $785m green club loan
The net proceeds of the five-year term loan will be used to refinance the development of its Northpoint City South Wing mall.
SBF Centre medical suites launched for sale or lease
The average asking price for the 18 medical suites stands at approximately $4,200 psf.
ST Engineering inks deal to expand its autonomous bus platforms
Its AV kit will be integrated onto EV manufacturer BYD’s buses.
COE prices close mostly higher in latest bidding exercise
Open vehicles under Category E saw the highest increase of $3,380.
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