Singapore
Kampong Java Road residential site clinched for $418.38m
However, last year's cooling measures may have resulted in its subdued land rate of $1,192.
SGX adopts SWIFT's CSD community offering to bring messaging costs down
SWIFT claims that costs can be cut by up to 50%.
Grand Venture Technology launched IPO on Catalist at $0.275 per share
It will issue an aggregate 42,918,000 new shares.
Savills Singapore to launch business valuation services
It will provide advisory services including the valuing of companies, equity interests and shares.
SIA passenger load factor up 0.3 ppt to 85% in December
Cargo load factor slipped 3.5 ppt.
Midtown Development puts $562m price tag on Club Street hotel site
The winning bid is $62m higher than United Venture Investments' $500m offer.
Grab forms joint venture with ZhongAn to offer digital insurance products
The firms aim to provide its products to uninsured consumers through Grab’s mobile app.
Chart of the Day: Big ASEAN value stocks hit 36.1% in total returns over the past 3 years
DBS held a market capitalisation of $62.4b.
TPG grapples with risk of negative cash-flow until 2024
It could fail to hit EBITDA-breakeven revenue of $150m over the next four years.
SGX urged to relook rules allowing Mainboard companies to transfer to Catalist
Increased transfers to Catalist could harm the liquidity and valuation of firms already listed on the board.
Daily Markets Briefing: STI up 1.22%
Gains on US stock markets could see positive local sentiment.
Daily Briefing: 900 HDB flat buyers cancelled their BTO bookings in 2018; Hawker centres are struggling with the new social enterprise model
And F&B firm GD Group slapped with a $94,500 fine for false salary declarations.
SPH's overseas assets to play a key role in boosting profits: analysts
Its first UK purpose built student accommodation contributed $6.3m to its profits.
PDPC slapped $750,000 penalty on IHiS for breaching data protection obligations
It also fined SingHealth $250,000 for the negligence of its data controllers.
New private home sales dropped 50.1% to 601 units in December 2018
Developers launched a mere 101 units in December compared to November’s 1,341.
Sultan Plaza to launch en bloc sale for $380m
The 244-unit development sits on a sizeable land area of approximately 52,471 sqft.
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