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Singapore Business Review 08/04/2020 21:16
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. Yanlord and GIC shall own effective interests of 51% and 49% in each project respectively. Yanlord (China) Investment Group Co., a wholly-owned subsidiary of Yanlord Land Group, has entered into an investment agreement with an affiliate of GIC to co-invest in residential projects in the People’s Republic of China (PRC), an announcement revealed.
Singapore Business Review 08/04/2020 18:00
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. AEM led the gains amongst top active stocks with a 14.48% expansion. The Straits Times Index (STI) ended 30.79 or 1.24% higher at 2,515.70. The top active stocks were Medtecs International, which dropped 2.48%, AEM, which surged 14.48%, DBS, which rose 1.23%, Singtel, which fell 2.04%, and OCBC Bank with a 1.06% expansion. The FTSE Mid Cap edged up 1.02%, whilst the FTSE Small Cap grew 1.23%.
Singapore Business Review 08/04/2020 18:00
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. And e-learning marketplace ACKTEC secures undisclosed funding. From ChannelNewsAsia:. AirAsia is gearing up for the resumption of flights between Malaysia and Singapore, including the Kuala Lumpur-Singapore route, following the decision to implement the Reciprocal Green Lane (RGL), the low-cost carrier said in a statement. This would be followed by other international destinations, subject to approval from the authorities.
Singapore Business Review 08/04/2020 04:07
Uploaded By:. Frances Gagua. Submitted By:. Staff Reporter. Case Study:. No. Bandhan Bank’s biggest shareholder sold some of its stake to meet regulatory rules. Singapore’s sovereign wealth fund GIC and BlackRock has bought shares in India’s Bandhan Bank as the lender’s shareholder sold $1.4b (S$1.94b) of its stake to meet the regulator’s ownership rules, reports Bloomberg . GIC got the Reserve Bank of India’s (RBI) approval to raise its stake in the lender to 10% from 4.9%, Bandhan Bank’s founder and CEO Chandra Shekhar Ghosh said in an interview.
Singapore Business Review 08/03/2020 23:40
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. The group’s interest in the Chinese real estate developer fell to 45%. CapitaLand’s wholly-owned subsidiary CLC Investment Seven (CIS) has divested an aggregate 40% equity interest in Guangzhou Kai Ke Xing Mao Real Estate Development (GKK) to an unrelated purchaser for $78.6m (RMB395.7m) through a series of transactions, a press release revealed.
Singapore Business Review 08/03/2020 22:19
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. It also sold the remaining 50% of its ownership in a property in Queensland for $150.5m. Frasers Logistics & Commercial Trust (FLCT) has announced the proposed acquisitions of a logistics property in Victoria, Australia and the 100% of the issued share capital of Maxis Business Park Limited in the UK for $89.9m, a press release revealed.
Singapore Business Review 08/03/2020 22:18
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. All of its business segments saw an uptick in revenues. AEM Holdings saw its net profit surge 147.9% YoY to $55.28m in H1 from $22.3m in H1 2019, an announcement revealed. Likewise, net profit margin edged up from 14.8% to 20.2% over the same period. The profit jump was thanks to higher revenue, favourable product mix and operational cost efficiency, AEM said. Revenue skyrocketed 81.7% YoY to $273.7m in H1 from $150.64m as all of its business segments saw an uptick in revenues.
Singapore Business Review 08/03/2020 18:00
Uploaded By:. Clarist Zablan. Submitted By:. Clarist Zablan. Case Study:. No. Retailers in the region saw a lack of sales as people avoided malls. This chart from EDMUND TIE revealed that the occupancy rates of retail properties in the fringe/suburban areas (FSA) declined by 2.1 ppt QoQ to 88.8% in Q2. At the same time, occupancy in the Orchard/Scotts area (OSR) contracted by 1.2 ppt to 90.8%, whilst occupancy in the other city areas (OCA) trended downwards by 1.9 ppt to 88.3%.
Singapore Business Review 08/03/2020 18:00
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. Medtecs International led the gains amongst top active stocks with a 12.22% expansion. The Straits Times Index ended 44.91 or 1.78% lower at 2,484.91. The top active stocks were Medtecs International, which jumped 12.22%, DBS, which fell 1.62%, Singtel, which slipped 1.21%, UOB, which dropped 1.65%, and OCBC Bank with a 0.47% contraction. The FTSE Mid Cap edged down 1.08%, whilst the FTSE Small Cap slid 0.36%.
Singapore Business Review 08/03/2020 18:00
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. And Pratt & Whitney lays off 20% of its Singapore workforce. From ChannelNewsAsia:. The National Wages Council (NWC) will meet a second time this year to update the tripartite position on wages, as the COVID-19 pandemic continues to impact the labour market. Manpower Minister Josephine Teo announced this after a meeting with National Trades Union Congress (NTUC) secretary-general Ng Chee Meng and president of the Singapore National Employers Federation (SNEF) Robert Yap.
Singapore Business Review 08/03/2020 18:00
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. Albeit a few bright spots, JLL expects falling rents to persist in all segments. Whilst many economists note that the worst period for Singapore is over, the same cannot be said for the property industry as an Economic Development Board (EDB) survey revealed that most firms in the real estate industry are projecting a less favourable business environment over the same period.
Singapore Business Review 08/03/2020 05:01
Uploaded By:. Frances Gagua. Submitted By:. Staff Reporter. Case Study:. No. The event, running from December 7-11, and be hosted across cities globally. This year’s Singapore Fintech Festival x Singapore Week of Innovation & Technology (SFF x SWITCH) will make use of a combined online-offline platform world to become the world’s first week-long round-the-clock, hybrid digital and physical experience, announced the Monetary Authority of Singapore (MAS).
Singapore Business Review 08/03/2020 04:10
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. Stic Investments will invest about $137.57m (US$100m) from one of its funds. Grab is raising $275.13m (US$200m) from South Korean private equity firm Stic Investments, according to people familiar with the matter. Seoul-based Stic Investments is looking to increase its exposure to the region and will invest about $137.57m (US$100m) from one of its funds, whilst raising the remainder from co-investors, according to the people who asked not to be named because the matter is private.

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