News
Lawrence Wong steps down as Singapore Labour Foundation chairman
Desmond Lee will succeed Wong.
Freehold residential land at Siglap for sale: Knight Frank
The 1,319-square-metre site is zoned as residential and has GPR of 1.4.
Frasers Logistics & Commercial Trust posts positive rental reversion in Q3 FY23
The firm also posted a high occupancy rate of 96.2%.
Fintech investments at three-year low; generative AI at 'early growth' stage
Consolidation drove fintech investments in the payments space, KPMG found.
CLAS seeks acquisition of $530.8m lodging assets in the UK, Dublin, and Jakarta
The proposed acquisition is 1.8% accretive to Distribution per Stapled Security (DPS).
Daily Markets Briefing: STI down 0.08%; The top stock is Hongkongland
The most active stock is HongkongLand, trading 3.09% up.
MPACT net property income surges 68% YoY to $179.2m in Q1 FY23/24
This was boosted by the effect of the merger and its Singapore performance.
CICT net income up 10.1% YoY to $552.3m in H1
This is supported by its acquisitions and property enhancements.
Insurance veteran to run for Singapore’s presidential seat
He became CEO of Income Insurance (formerly NTUC Income) up until 2007.
EMA seeks proposal for 600 MW combined cycle gas-turbine project
Proposals may be submitted by 31 October at 3 pm SGT.
APAC vaccine distribution hub to be established in SG
It will provide easier access to vaccines.
Recent charges linked to 2019 investigations: No Signboard CEO
The CEO faced charges over alleged price rigging.
Strata ground floor unit at Geylang Serai on sale for $8.3m
The 3,207 sq ft property is up for expression of interest until 29 August at 12 noon.
Wholesale industry less optimistic about business from July to December
They expect the macroeconomic situation to dampen demand.
Manufacturing firms optimistic about business in the remaining months of 2023
Across industries, firms in the transport engineering cluster expressed the highest optimism.
CapitaLand Ascendas REIT’s net property income rises 6.7% YoY to $508.8m in 1H23
The REIT attributed the increase to “robust operational performance.”
First REIT posts lower net property income of $52.4m in 1H23
The REIT’s NPI fell 0.6% YoY.
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