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The increase was driven by broad-based rental growth and better cost management.

It was hit by lower contributions from its Singapore retail portfolio.

It is the fourth of six Confirmed List sites for the second half 2018 IGLS Programme.

It could be redeveloped into a boutique building.

It cited higher room demand and hotel revPAR, which rose 6.6% to $152.

Singapore, however, still trails behind Japan (65%), China (57%) and Germany (48%).

They have a principal amount of nearly $1.63b at 6.75%.

Profit shares from associates and joint ventures crashed 92% to $13.5m. GuocoLand’s profit slid 85% YoY to $26.1m in its Q1 FY18/19 from $171.79m, an announcement revealed. Its revenue was slashed by more than half from $316.98m to $168m. Revenue was dragged down by lower sales of completed residential units recorded as the firm has brought down its inventory of completed unsold units substantially in the past quarters, especially those in Singapore. “Revenue contribution from the strong sales of Martin Modern will be recognised progressively in future quarters as it is currently undergoing construction,” the firm noted. Other income for the firm rose by $6.6m whilst other expenses reduced by $9.5m YoY due to movements in foreign exchange and fair value changes on derivative financial instruments. Finance costs dropped 23% to $19.3m over higher capitalisation of finance costs during the quarter for projects. Meanwhile, share of profit of associates and joint ventures crashed 92% to $13.5m amidst the recognition of profit from Changfeng Residence, the group’s joint venture residential project in Shanghai, in the previous corresponding quarter.  

This marks its entry into Indonesia’s metro market.

Only the Singapore and Germany properties performed well across the firm's portfolio.

It will allow customers to order food through Facebook Messenger and pay through DBS.

It aims to protect Grab users from unpredictable surge pricing on rainy days.

It revamped its business approach to provide more efficient and lower cost solutions to its customers.

It will provide digital and traditional advertising for 68 supermarkets islandwide.

It will hire two liquified natural gas (LNG) carriers to boost global trading expansion.

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