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CapitaLand Commercial Trust Q3 distributable income rises

CapitaLand Commercial Trust (CCT) on Friday reported a 7 percent rise in third-quarter distributable income due to stronger performance from CapitaGreen and divestment gains.

Oct 20, 2017

By Aastha Agnihotri

Singapore economy expands by 1.8 per cent in Quarter 1

ESR-REIT proposes to buy Tuas South property for S$111 mln

ESR REIT said its trustee RBC Investor Services Trust Singapore proposed to acquire a Tuas South property at an estimated cost of S$111 million from water treatment specialist Hyflux.

Oct 19, 2017

By Aastha Agnihotri

CWT to suspend trading as HNA stake crosses 90%

Logistics firm CWT on Thursday said will be suspended from trading after November 2 due to an insufficient free float.

Oct 19, 2017

By Aastha Agnihotri

SGX collaborates with Nasdaq for listings agreement

Singapore Exchange (SGX) said it had signed a collaborative agreement with Nasdaq Inc, in a move to leverage their strengths as the leading listings venues in the U.S. and Asia.

Oct 19, 2017

By Aastha Agnihotri

Ascott expands in U.S. with S$81.5 mln hotel in Silicon Valley

Realty firm CapitaLand's serviced residence business unit, The Ascott said it invested S$81.5 million to acquire and refurbish a freehold hotel in Silicon Valley, California.

Oct 19, 2017

By Aastha Agnihotri

Singapore Medical Group buys hospital-based paediatric clinic for S$7.9 mln

Singapore Medical Group on Thursday said it acquired a paediatric clinic, babies and Children Specialist Clinic Pte. for S$7.9 million.

Oct 19, 2017

By Aastha Agnihotri

US MegaBots beat Japan in worlds first-ever giant robot showdown

The much-awaited worlds first-ever giant robot duel was finally streamed online on 17 October. Team USA toppled Japan in the battle that saw the 16ft-tall Eagle Prime by the U.S.-based robotics company MegaBots taking on Japans Suidobashis 13ft-tall Kuratas robot.

Oct 18, 2017

By Staff Reporter

Keppel Telecommunications Q2 profit slumps 82%

Keppel Telecommunications & Transportation reported an 82 percent drop in third-quarter net profit, due to the absence of gain from a divestment made in quarter and the contributions from subsidiaries disposed.

Oct 17, 2017

By Aastha Agnihotri

Global Logistic Properties issues US$152 mln worth of panda bonds

Global Logistic Properties, a provider of logistics facilities, on Tuesday said it issued 1 billion Chinese yuan (US$152 million) of RMB-denominated bonds or panda bonds in China's interbank market.

Oct 17, 2017

By Aastha Agnihotri

Keppel REIT quarterly distributable income falls about 11%

Keppel REIT on Tuesday reported a 10.5 percent drop in third-quarter distributable income, hurt in part by the absence of gain on divestment of 77 King Street last year.

Oct 17, 2017

By Aastha Agnihotri

Property developer Chip Eng Seng to buy Changi Garden for S$248.8 mln

Property developer Chip Eng Seng Corp on Tuesday said it would buy the Changi Garden property for S$248.8 million.

Oct 17, 2017

By Aastha Agnihotri

Pacific Radiance to initiate restructuring of S$100 mln notes

Pacific Radiance said it had commenced discussions with potential investors to raise fresh funds as part of the restructuring and has received expressions of interests from them.

Oct 17, 2017

By Aastha Agnihotri

M1 warns on full-year profit as Q3 growth falters

M1 said it expects full-year profit to fall after the Singapore-based telcom services provider reported a near 5 percent fall in third-quarter profit, citing higher depreciation and interest expenses.

Oct 17, 2017

By Aastha Agnihotri