Singapore
DCS Card Centre raises $300m in upsized asset-backed notes offering
DBS and First Plus Asset Management supported the transaction.
DCS Card Centre raises $300m in upsized asset-backed notes offering
DBS and First Plus Asset Management supported the transaction.
11 of 12 Manulife REIT’s lenders obtain approvals for recapitalisation plan
The remaining lender is pending final board approval.
Boustead Projects JV to acquire Minh Quang for $14.4m
The JV will acquire 3,300,000 ordinary shares of the Vietnamese company.
Singtel trials RedCap technology for IoT devices
RedCap technology reduces power consumption by 60% and device production costs by 50% to 70%.
Economists cut 2024 growth forecast for Singapore
They expect GDP to expand by 2.3% in 2024, down from the previous estimate of 2.5%.
Private home rentals to rise by 11%-12% in 2023
Next year, prices could grow by 6%-8%.
Tuas Power diversifies business for Singapore’s energy transition
The country’s sole operator of a coal/biomass cogeneration plant will rely on the use of more biomass and renewable energy imports for decarbonisation.
Moody’s sees asset tokenization, digital money transactions gaining traction in Singapore
Asset tokenization is seen offering substantial benefits to the finance industry
Majority of Singaporean businesses felt AI perks: study
Firms, however, believe policies should be in place for responsible implementation
Singlife unveils Connect 2.0 accelerator for insurtech boost
Connect 2.0 plans to back up to ten startups, focusing on co-creating and launching innovative embedded insurance solutions.
Singapore leads SEA cities with top tech funding in 2023
The city raised US$2.3m in funding this year.
ST Engineering’s cyber unit acquires D’Crypt for $67.5m
StarHub’s indirect subsidiary, Keele Investments owns D’Crypt.
Mapletree Logistics Trust acquires Grade A warehouse in India for $14.5m
The warehouse is 100% leased to a domestic 3PL operator.
SGX taps Ng Yao Loong as new Head of Equities
Ng will take on the role by mid-2024.
Sembcorp bags tender for largest solar power project in Singapore
The project will increase the solar capacity of Jurong Island to 142.2MWp from 25.2MWp.
Where do the mass and affluent Singaporeans spend their money?
Mass market consumers spend a higher portion of their wallet (5.04% vs 2.22%) on essentials.
10 investment ideas for 2024
Experts say it’s time to shift from public to private investments.
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