Singapore
SG, China ink 3 MOUs on trade and investment
China is the 2nd largest country where Singapore companies have a presence.
SG, China ink 3 MOUs on trade and investment
China is the 2nd largest country where Singapore companies have a presence.
Sabana REIT schedules extraordinary general meeting for requisition notice
Details of the meeting have yet to be finalised.
SG to log $24.5b-$26b tourism receipts in 2023, beating STB forecast
In 9M23, tourism receipts already crossed the $20b mark.
Keppel’s net profit soars to a record high of $4.1b in FY23
The company said its FY23 net profit is its highest in history.
UOL-SingLand JV tops bidding for Orchard Boulevard site
It proposed a bid price of $428m.
CapitaLand Ascendas REIT’s distributable income dips 1.4% to $654.4m in FY23
With lower income, the REIT declared a lower DPU of $0.15160.
Lendlease Global Commercial REIT’s NPI soars 22.2% YoY to $93.4m in 1H24
Despite higher NPI, the REIT declared a lower DPU of $0.0210.
Plantation Close site attracts 4 bids
The top bid was $423m from Hoi Hup Realty and Sunway Developments.
Digital Core REIT declares 7.0% YoY lower DPU in FY23
The REIT also recorded a 7.3% YoY lower distributable income of US$41.5m.
Parkway Life REIT’s net property income climbs 14.1% to $139.1m in FY23
With improvement in NPI, the REIT recorded a 2.7% YoY higher DPU.
DPM Wong to deliver Budget 2024 on 16 February
The budget statement will be broadcast live across various platforms.
Frasers Hospitality Trust’s Singapore portfolio posts 16.6 YoY lower RevPAR in 1Q24
On a quarter-on-quarter comparison, RevPAR declined 25.7%.
CapitaLand Ascott Trust to divest Citadines Mount Sophia for $148m
The REIT expects to receive net proceeds of $138.6m from the divestment.
Gov’t names fair tenancy committee members as measure on retail leases takes effect
The new members will serve the committee for two years in their first term.
Manufacturing sector firms 'cautiously positive’ about business in 1H24
A net weighted balance of 10% expects an improved situation.
CEO Justin Quek steers OrangeTee to real estate centered around customers
A step toward this commitment is the launch of the consumer-centric event ‘Property Festival’ in 3Q24.
Daily Markets Briefing: STI down 0.4%; Top stock is DBS
DBS is the top stock despite a 0.157% decline.
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