News

MPA welcomes 3 new board members

They will serve the agency for three years.

IREIT divests office asset in Barcelona for $35.5m

The sale price was 6.1% above the property’s latest valuation. 

SGX Group posts 1.0% YoY lower net income of $281.6m in 1H24

Its adjusted net income of $251.4m, however, translates to a 6.2% YoY increase.

CCCS begins in-depth review of Grab’s proposed acquisition of Trans-cab

The review ensures that the acquisition will not raise competition concerns.

AIMS APAC REIT’s net property income climbs 6.3% YoY to $97.8m in 9M24

Despite higher NPI, the REIT recorded a 4.1% YoY lower distribution per unit.

Retrenchments soar to 14,320 in 2023 

Business re-organisation or restructuring remained the top reason for retrenchments last year.

Average price of freehold shophouses jumps 10.1% YoY in 2023

The average price reflects a total transaction sales value of $948.0m.

Daily Markets Briefing: STI up 0.15%; Top stock is DBS

DBS is the top stock with a 0.189% increase.

Study shows 1 in 2 financially savvy Singaporeans own crypto, bullish on its future

High risk and volatility are some of the top concerns deterring non-crypto users.

Leong Wei Hung to take the helm as CEO of Singapore LNG Corporation

He will begin his tenure on 7 April.   Singapore LNG Corporation (SLNG) has named Leong Wei Hung as its new Chief Executive Officer.

Seatrium unveils Singapore’s first membrane LNG bunker vessel

The vessel is set to commence operations in February 2024.

Zora Health bags $1m funding to launch a fertility care platform

The platform will offer services including egg freezing, in-vitro fertilisation, and fertility testing.

RHT Health Trust delists from SGX-ST

It took effect on 31 January, 9 am.

CapitaLand Malaysia Trust NPI surges 42.6% YoY in 2023

Its gross revenue also saw a 43.4% increase during the period.

Etiqa Singapore rolls out pet insurance offering S$15,000 surgery cover

The plan covers congenital and hereditary diseases, accidents, and surgeries.