News
Singapore cap rates remain steady in 4Q23
The gross yield of commercial properties in Singapore ranges from 3.00%-6.25%.
Singapore cap rates remain steady in 4Q23
The gross yield of commercial properties in Singapore ranges from 3.00%-6.25%.
EnterpriseSG eliminates CEO post, instates Executive Chairman
Lee Chuan Teck will serve as Executive Chairman starting 1 April.
Mapletree Logistics Trust posts 1.5% YoY higher net property income in 3QFY23/24
With a higher NPI, the trust proposed a 1.2% YoY higher distribution per unit.
OUE Commercial REIT marks 10th year with new moniker
It will be known as OUE REIT beginning 29 January.
CLINT increases renewable energy usage by over 70% with a new solar plant in India
The 21-megawatt solar plant will generate over 30 million kWh of electricity annually.
FCT to acquire an additional 24.5% stake in NEX for $523.1m
The acquisition will raise FCT’s effective interest in NEX to 50%.
Changi Airport’s passenger traffic soars to 58.9 million in 2023
The 2023 record is 86% of the 2019 level.
Central bank to maintain status quo on monetary policy
Core CPI inflation rose to 3.3% YoY in December higher than expected 3%.
Dasin Retail Trust receives EGM requisition notice from unitholders
The notice proposed two resolutions for the matter.
OCBC expands money lock feature to time deposits
The feature has been used by 30,000 customers.
IMDA launches a $30m research fund on sustainable tech
The initiative will focus on research and collaboration with industry partners.
Gov’t establishes new sustainable finance body
The association will improve standards, solutions, and skills in the finance sector.
Salary hike to stay flat this 2024 for S’porean workers: Aon
40% of Southeast Asian companies are carefully optimistic about hiring.
Condo resale prices climbs for the 5th consecutive month in December
This is despite a dip of 10.4% in condo resale volume.
SGTech unveils GenAI guide for businesses
The guide is an initiative to respond to Singapore's National AI Strategy 2.0.
Daily Markets Briefing: STI up 0.52%; Top stock is DBS
DBS is the top stock with a 0.094% increase.
Rising FDI could benefit SMEs in 2024: experts
Stronger business growth seen for firms with presence abroad.
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