News

Singapore office demand softens 

Previously leading office expansions, tech firms and banks are now scaling back.

Singapore office demand softens 

Previously leading office expansions, tech firms and banks are now scaling back.

Glencore-Chandra Asri JV acquires Shell SG's energy and chemical assets

The companies expect to complete the transaction by year-end

New bill passed to safeguard Singapore's transport sector

This is in response to evolving threats including the possibility of malicious interference.

2-storey Bussorah Street shophouse for sale for $5.18m

The expression of interest is until 15 June.

DBS names Ping An Tech’s Eugene Huang as bank CIO

Huang led a team of 22,000 employees in Ping An to provide IT offerings.

Singapore property tax hike dents FHT's 1H24 bottom line 

In 1H24, the REIT reported a 1.3% YoY lower NPI.

ARA H-Trust to divest two Hyatt hotels for $42m

The REIT will use net proceeds to repay debt or acquire new properties.

Gov’t eyes tighter measures vs. money laundering

A possible amendment to the law includes giving regulators access to suspicious transaction reports.

4 in 5 businesses say generative AI adds value: study

Meanwhile, some of the respondents are uneasy about its future.

Singapore and UK strengthen collaboration in sustainable finance

The countries vowed to bolster financing for net zero agenda.

Olam Agri raises offer for Namoi to A$0.70 per share

Namoi's biggest shareholder has backed Olam's offer.

Prime US REIT's net property income dips 11.7% YoY to US$20.8m

The REIT faced lower occupancy and higher finance expenses.

SGX derivative volumes spike in April

It rose by 36% YoY to 24.1 million contracts.

AEM Holdings net profit drops to $2.3M in 1Q24

It fell by 85.0% YoY.   AEM Holdings saw its net profit drop by 85.0% YoY to $2.3m in 1Q24.