Markets & Investing
Companies gather in Johor Bahru to explore RTS Link opportunities
                                                                                 
                    
                    CIMB Singapore and SCCCI spearheaded the gathering.
                
                                
            Companies gather in Johor Bahru to explore RTS Link opportunities
                                                                                                                 
                            
                            CIMB Singapore and SCCCI spearheaded the gathering.
                        
                                                
                        
    
                    Trading of Singapore manufacturing stocks hit a near-one-year high in May
                                                                                                 
                        
                        The index booked 4.4% in total return last month.
                    
                                        
                    
                Rich Singaporean investors will have among the lowest cash allocations in the year to come: HSBC
                                                                                                 
                        
                        Globally, investors want to keep nearly one-third of their portfolios to cash.
                    
                                        
                    
                SGX reprimands ex-CEO of Raffles Infrastructure
                                                                                                 
                        
                        Wu Xinhua was found to have caused the firm to disclose false information from 2015-2018.
                    
                                        
                    
                Blackrock cuts Mapletree Logistics Trust stake to 4.95% with share sale
                                                                                                 
                        
                        It is no longer a substantial unitholder of the REIT.
                    
                                        
                    
                Moneymax to raise $15m-$20m from tokens issuance
                                                                                                 
                        
                        The tokens will have a 5.25% interest rate per annum.
                    
                                        
                    
                Franklin Medici seeks $15.2m from subsidiary and chairman of EC World REIT sponsor
                                                                                                 
                        
                        The sponsor's subsidiary entered into a loan agreement with Franklin Medici.
                    
                                        
                    
                Capitaland Investment expands Scope 3 reporting
                                                                                                 
                        
                        It added three emissions categories.
                    
                                        
                    
                BlackRock reduces stake in CLD
                                                                                                 
                        
                        It now holds just over 44.44 million shares in its stake.
                    
                                        
                    
                Singapore continues to lead in corporate, sustainability reporting: report
                                                                                                 
                        
                        96% said they would increase budget for ESG initiatives.
                    
                                        
                    
                Independent director Ong Lian Jin Colin gains 0.011% stake in CDL
                                                                                                 
                        
                        He acquired 100,000 shares at $5.80 apiece.
                    
                                        
                    
                CapitaLand Ascott Trust gains full ownership of Standard at Columbia
                                                                                                 
                        
                        It acquired the remaining 10% stake in the property.
                    
                                        
                    
                iFast prices $100m notes due 2029 at 4.328%
                                                                                                 
                        
                        It is payable semi-annually in arrears.
                    
                                        
                    
                ESR entities challenge voting ban on Sabana REIT trust deed amendments
                                                                                                 
                        
                        The trustee of Sabana REIT is considering the appeal.
                    
                                        
                    
                Singapore REITs book $790m in net outflows
                                                                                                 
                        
                        The iEdge S-REIT Leaders Index fell 12.3% year to date.
                    
                                        
                    
                Singapore and Indonesia drive SEA private equity deals in 2023
                                                                                                 
                        
                        Last year, however, deal volume fell by 24%.
                    
                                        
                    
                Sustainability investments decline as Singapore CEOs focus on AI
                                                                                                 
                        
                        About 6 in 10  CEOs have deprioritised sustainability since last year.
                    
                                        
                    
                 
            	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                             
                             
                     
                             
                             
                     
                             
                             
                     
                             
           
                                 
                                 
                                 
               
                                     
                                     
                                     
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
                 
                 
                 
                 
                 
                 
                