Singapore

This is an 8.1% increase from the previous month.

Candidates expect greater flexibility around their work hours.

Their subsidiaries bid $1.13b for the mixed development site.

CCR and RCR prices rose 1.1%. Residential resale prices managed to rebound in May, strongly led by the high-end and mid-tier segments, as resale prices in the core central region (CCR) and rest of central region (RCR) rose 1.1% MoM, while mass market resale prices (outside central region or OCR) dipped 0.4% MoM. According to OCBC Investment Research, transaction volumes similarly improved in May with 1,235 non-landed private homes sold – up 17.4% MoM over April 2017 and by a whopping 57.7% YoY over May 2016. "Through our channel checks, buyer sentiments have clearly improved after the latest tweaks to the property curbs in March 2017 where some measures relating to the SSD and the TDSR were relaxed," it said. It furthered, "We believe these changes were, on a net basis, supportive of the physical market and continue to forecast for general home prices to reach an inflection point by 2018."  

As it turns out, asset-light-model is still a new concept.

It could reflect a 72% growth in earnings per share.

This is based on results from a retail sales survey. According to OCBC Investment Research, Bank Indonesia’s Retail Sales Survey reveals that Indonesia’s GDP grew 5.0% y-o-y in 1Q17, and is expected to grow 5.1% to 5.2% YoY for 2017 according to recent comments by Bank Indonesia’s deputy governor. In addition, real sales growth in Indonesia grew 4.2% y-o-y in March, with the growth mainly driven by spending on food.  

It will come with a fixed rate of 6.6% per annum. Lippo Malls Indonesia Retail Trust (LMIRT) recently announced that it intends to issue $120m worth of fixed rate perpetual securities. According to OCBC Investment Research, this will come with a fixed rate of 6.60% per annum, with the first reset date falling on 19 Dec 2022 and subsequent resets occurring every five years thereafter. "LMIRT’s decision to issue new perpetual securities does not come as a surprise, as it had previously issued $140.0m 7.0% perpetual securities on 27 Sept 2016. We believe that the net proceeds from the issuance will be used in part to fund the S$33.2m Kendari acquisition, as well as to temporarily refinance the $50m 5.875% bond due in 6 Jul 2017 and the $75m 4.48% bond due 28 Nov 2017," the brokerage firm said, noting that the issuance is expected to offer LMIRT greater headroom to fund future acquisitions.  

Total consideration sits at $184.3m. Singapore-listed film production and distribution firm mm2 Asia is proposing to acquire 50% stake in Golden Village cinema business in Singapore for about $184.3m. According to DBS Group Research, the proposed acquisition will be funded by a combination of bank borrowings, internal cash resources as well as proceeds from fund raising exercises to be undertaken by the group. The acquisition is expected to be completed by July 21. Golden Village is Singapore's leading cinema exhibitor with 11 multiplexes housing 92 screens with locations in various parts of Singapore. Total capacity is 1,390 seats, consisting of 8 auditoriums and 3 Gold Class cinemas. Other cinema operators in Singapore include Shaw, Cathay and WE cinema by Eng Wah. Shaw has about eight cinemas, Cathay seven and WE, one. "The proposed acquisition of the GV cinema would further strengthen mm2’s presence in the downstream value chain of film distribution. As the market leader, mm2 would now have a better bargaining power in terms of securing distribution titles and screening rights. This will also complement its current cinema operations in Malaysia," the brokerage firm said, noting that cinema operation is a relatively stable and cash business.  

It will be led by the surge in manufacturing growth.

Around 1,873 HDB flats were rented.

It is keeping up with Switzerland in attracting foreign wealth.

It will be located in Singapore’s Orchard Road precinct.

But rental volumes went up 12.5%.

Its stake will be diluted to 21% from 30%.

They were the most confident amongst ASEAN CEOs.