News
Far East Hospitality Trust to divest Central Square for $313.2m
A potential incentive fee of up to $18m may be applied.
Far East Hospitality Trust to divest Central Square for $313.2m
A potential incentive fee of up to $18m may be applied.
Sembcorp Marine subsidiary to scheme world’s first zero-emission fuel tanker
This is part of the group’s efforts to spearhead maritime decarbonisation.
Retail sales jump 7.5% YoY despite tight restrictions in October
This is higher compared to September's retail sales YoY increase at 6.8%.
F&B sales down 4.5% YoY in October to $659m
Restaurants experienced the most YoY decline at 24%.
SBR salutes top executives and teams at Management Excellence Awards 2021
Over 40 companies were recognised in the 7th edition of the awards programme.
Korea exempts VTL travelers from SG from 10-day quarantine rule
VTL scheme to proceed “without change” amidst detection of Omicron variant in Korea.
Market Update: STI up 0.33%
SATS, Sembcorp Industries, and the SGX led the index.
SG parents need $1,600 to cover newborn costs: iPrice
Birth rates in the country have declined since the pandemic began.
FLCT divests leasehold property in Port Melbourne for $41.7m
It represents a premium to the property’s book value of approximately $20.6m.
CityDev acquires Central Square for $315m
The move will be part of the redevelopment of the Central Mall properties.
Cuscaden Peak bags AU regulatory approval of SPH acquisition scheme
It also waived its right to walk away from potential material adverse effects.
IMAS, LIA launch revamped FundSingapore.com
The upgraded portal offers profiling tools on risk and sustainability among others.
CICT to acquire two Grade A offices in Australia for S$330.7m
The acquisition is expected to be completed in the first quarter of 2021.
2 in 5 employees dissatisfied with their company’s L&D programmes
This has pushed 55% of employees to upskill outside their workplace.
Market update: STI down 0.27%
SGX had the most growth for the day.
Grab debuts on Nasdaq following merger with Altimeter
Its common stock is expected to begin trading on 2 December.
Olam acquires 10% of Saudi flour mill
The equity consideration was around $18.02m.
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