Singapore
Nio widens net loss by 10.8% YoY to $861.26m in 3Q23
Compared to 2Q23, the company’s net loss was cut by 24.8%.
Nio widens net loss by 10.8% YoY to $861.26m in 3Q23
Compared to 2Q23, the company’s net loss was cut by 24.8%.
ST Telemedia to skip $350M perpetual securities redemption on January 2024
The distribution rate of securities will remain at 5.00% per annum.
Seatrium names Adrian Teng as new CFO
Teng will begin his duties as CFO on 1 January 2024.
Singtel to develop new generation AI data centres
These data centres can handle higher power-density AI workloads.
F&B sales growth eases to 2.4% in October
In September, F&B sales grew 6.9% YoY.
Retail sales drop 0.1% YoY in October
Month-on-month, sales fell by 0.8%.
Digital wealth platform Endowus partners with Brookfield Oaktree Wealth Solutions
Brookfield has US$850b in AUM whilst Oaktree has US$183b in AUM.
SG, China boost economic ties
The bilateral cooperation will promote new economic projects.
Digital asset exchange DigiFT clinches capital markets service license in SG
DigiFT can now conduct regulated dealing of capital markets products.
MAS coalition to pilot use of transition credits for early retirement of coal plants
Close to 30 members support the coalition.
Singapore launches second National AI Strategy
The renewed NAIS will promote a safer AI ecosystem.
IMDA, AI Singapore, A*STAR launch $70m AI initiative
The initiative aims to develop Southeast Asia’s first large language model ecosystem.
Hotel average room rate dips 2.6% YoY in October
REVPAR fell in the same month.
2024 launches to yield up to 8,800 units
The 2024 figure will be 15.8% higher than units launched in 2023.
Financial services emerge as top practice area for Singapore’s lawyers
The emergence of new technologies is forcing a ‘new age of lawyering,’ says expert.
Mixed reception seen in three land sales on Zion Road, Upper Thomson Road
URA officially pilots long-stay serviced apartments.
Dasin Retail Trust lender says internalisation of trustee-manager could delay debt restructuring
Minority investors tout the internalisation as cost-saving which could push distributions higher.
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