Singapore
CDL acquires Yardhouse site in Central London for $148.6m
Yardhouse will mark CDL’s first private rented sector project in Central London.
EnterpriseSG, IMDA launch first GenAI Sandbox for SMEs
The parties will add 13 new programmes to the Sandbox in February.
Geo Energy Resources bags US$35m investment from Resource Invest AG
The investment company will acquire a 5.5% stake in the Indonesian coal producer.
Thomson Medical’s profit dwindles to $2m in 1H24
The healthcare provider also recorded lower revenue during the period.
Singapore aims for 40% more mental health experts by 2030
They plan to add 900 more GP clinics in six years’ time.
Digital Core REIT issues new units under private placement at US$0.6250 each
It will issue 192,000,000 new units.
Pan-United’s profit soars 56% YoY to $36.3m in FY23
The increase gave the company’s basic earnings per share a 56% YoY boost.
Manulife US REIT posts 15.5% YoY lower distributable income of US$74.3m in FY23
The REIT attributed the decrease to lower rental and recoveries income.
Human touch remains crucial in tech-transformed business future: HSBC
Eight in 10 firms particularly value human touch in corporate banking.
Daily Markets Briefing: STI up 0.96%; Top stock is DBS
DBS is the top stock with a 2.528% increase.
Look: 40 undervalued, high ROE stocks right now on the SGX
Singapore Airlines was the most traded stock of the bunch.
DBS CEO Piyush Gupta takes S$4.14m variable pay cut for tech disruptions
The group management committee’s compensation was reduced by 21%.
DBS proposes bonus share issue for shareholders
The bank plans to give one bonus share for every 10 ordinary shared held.
Digital Core REIT plans to raise $100m through private placement
The REIT will use 75% of the proceeds for future potential acquisitions in Japan and Frankfurt, Germany.
NoonTalk Media cuts losses by 40% to $1.3m in 1H24
The company's loss per share was 0.64 cents.
Wing Tai's net profit dwindles to $20.5m in 1H24
In the corresponding period, the company's net profit was $63.3m.
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