1 hour ago
Taxi driver admits to causing death of NUS undergrad, seriously injuring 3 others in accident
yasmine.yahya -
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
1 hour ago
Tencent-backed live-streaming firm DouYu prices US IPO at low end of range
Tay Peck Gek - DouYu International Holdings Ltd, China's largest live-streaming platform, on Tuesday said it sold US$775 million in stock at a US$3.73 billion valuation after pricing its U.S. initial public offering (IPO) at the bottom of an indicative range.
1 hour ago
Visa invests in Indonesian ride-hailing firm Go-Jek
Tay Peck Gek - Visa said on Wednesday it has invested in Indonesia's Go-Jek as part of the ride-hailing company's ongoing Series F fundraising round.
1 hour ago
Frasers Property secures Singapore's first green loan with pricing structure linked to BCA Green Mark
Samantha Chiew - SINGAPORE (July 17): Frasers Property says that its wholly-owned subsidiary Frasers Property Treasury has secured a A$750 million ($715.2 million) term loan comprising a A$500 million five-year green loan tranche under the LMA/APLMA Green Loan Principles and a A$250 million five-year tranche. To pr ...
1 hour ago
Jumbo goes to Gangnam; brings total seafood restaurants in Asia to 18
PC Lee - SINGAPORE (July 17): Jumbo, the F&B group, is opening its first franchised Jumbo seafood restaurant in Seoul. The newly-opened Jumbo Seafood restaurant is located within Academy Plaza and situated next to Dogo Station in the Gangnam district. Gangnam is one of the upscale neighbourhoods in Sout ...
1 hour ago
More rainy days ahead later in July, says the weatherman
nabilah.awang -
1 hour ago
Amazon in deal with German watchdog to overhaul marketplace terms
Tay Peck Gek - Amazon has reached a deal with Germany's anti-trust authority to overhaul its terms of service for third-party merchants, who had complained of unfair treatment when selling through the world's biggest online retailer.
1 hour ago
Visa to invest, collaborate with Gojek on enhancing digital payments across Southeast Asia
Samantha Chiew - SINGAPORE (July 17): Visa has invested in Gojek, the mobile on-demand service and payments platform, as part of the latter’s ongoing Series F fundraising round. Visa and Gojek will also collaborate to provide greater options on cashless payments and more seamless experiences for consumers across ...
2 hours ago
Singapore exports drop most in 6 years as electronics slump
nabilah.awang -
2 hours ago
International banking heads take home highest salaries in financial sector
Staff Reporter - Submitted By: Arianna Danganan Case Study: No The average base monthly salary for this role can hit $33,000. The heads of international banking divisions in Singapore are the highest paid amongst the financial services roles with an average base monthly salary of $33,300, according to t ...
2 hours ago
US lawmakers take jabs at Amazon, Big Tech in antitrust hearing
Executives from tech giants Apple Inc, Amazon.com Inc, Facebook Inc and Alphabet's Google go before the House Judiciary Committee's antitrust panel Tuesday to discuss competition in online markets.
2 hours ago
Digital wealth manager Syfe launches in Singapore after $5.2m seed round
Staff Reporter - Submitted By: Danielle Isaac Case Study: No It also got its Capital Markets Services Licence. Digital wealth manager Syfe has launched in Singapore following the approval of the Capital Markets Services Licence from the Monetary Authority of Singapore (MAS) and a $5.2m seed funding roun ...
2 hours ago
CapitaLand Commercial Trust NPI up 2.1% to $158.2m in H1
Staff Reporter - Submitted By: Nathanielle Punay Case Study: No The acquisition of Galileo has offset the impact of the Twenty Anson divestment on its revenues. CapitaLand Commercial Trust (CCT) saw its net property income up 2.1% YoY in H1 to $158.2m from $154.9 in H1 2018. Its distributable income ros ...
2 hours ago
Tencent-backed live-streaming firm DouYu prices US IPO at low end of range: sources
Tay Peck Gek - DouYu International Holdings Ltd , China's largest live-streaming platform, on Tuesday sold US$775 million in stock at a US$3.73 billion valuation after pricing its U.S. initial public offering (IPO) at the bottom of an indicative range, people with direct knowledge of the matter said.
2 hours ago
Maxi-Cash to issue new S$50m 6.35% 3-year notes at par
Fiona Lam - MAXI-CASH Financial Services expects to issue new S$50 million 6.35 per cent three-year notes on July 22 at par, the Catalist-listed pawnbroker said in a bourse filing on Tuesday night.
2 hours ago
Keppel DC REIT's NPI up 19.9% to $86.49m in H1
Staff Reporter - Submitted By: Arianna Danganan Case Study: No Contributions from its Germany and Singapore acquisitions drove up its earnings. Keppel DC REIT’s net property income (NPI) climbed 19.9% YoY to $86.49m in H1 2019 from $72.16m in 2018, an announcement revealed. Revenue also grew 19.5% ...
2 hours ago
CapitaLand Commercial Trust to buy 94.9% interest in German freehold office for $387.1m
Staff Reporter - Submitted By: Arianna Danganan Case Study: No MAC is a multi-tenanted office with a total net lettable area (NLA) of approximately 60,200 sqm. CapitaLand Commercial Trust (CCT) has entered into an agreement to acquire an effective 94.9% interest in the holding companies of German freeho ...
3 hours ago
CapitaLand Commercial Trust DPU up 1.9% to 2.2 S cents for Q2
Vivienne Tay - CAPITALAND Commercial Trust's (CCT) distribution per unit (DPU) for the second quarter is up 1.9 per cent to 2.2 Singapore cents, from 2.16 cents a year ago, from the acquisition of an office building in Germany and higher revenue from its properties.
3 hours ago
Singapore shares open lower on Wednesday; STI down 0.16% to 3,354.80
Ng Ren Jye - SINGAPORE shares edged down at the start of trading on Wednesday, following a retreat of overbought US stocks last night. The Straits Times Index lost 5.23 points or 0.16 per cent to 3,354.80 as at 9.03am.
3 hours ago
CCT to buy German office building from CapitaLand, Lum Chang for 133.4m euros
Fiona Lam - CAPITALAND Commercial Trust (CCT) will acquire an effective 94.9 per cent interest in the holding companies of a freehold office building in Frankfurt, Germany, from its sponsor CapitaLand and Lum Chang Holdings.
3 hours ago
CCT to buy 94.9% stake in German building for 133.4m euros from CapitaLand, Lum Chang
Fiona Lam - CAPITALAND Commercial Trust (CCT) will acquire an effective 94.9 per cent interest in the holding companies of a freehold office building in Frankfurt, Germany, from its sponsor CapitaLand and mainboard-listed property and construction group Lum Chang Holdings.
3 hours ago
Singapore June exports fall worse than expected 17.3%
PC Lee - SINGAPORE (July 17): Singapore's non-oil domestic exports (NODX) in June declined more than expected from a year earlier as electronics shipments fell steeply. This was the fourth straight month the republic has seen its NODX fall. Exports in June fell 17.3%, the fourth month of year-on-year declin ...
4 hours ago
SG-based Travelstop raises $3m in pre-Series A round led by Accel
Kristie Neo - The round was also joined by Strive (formerly GREE Ventures) and existing investor SeedPlus. The post SG-based Travelstop raises $3m in pre-Series A round led by Accel appeared first on DealStreetAsia.
4 hours ago
Frasers Property secures novel A$500m green loan for two Singapore properties
Ng Ren Jye - FRASERS Property Limited has secured a A$750 million (S$715.2 million) term loan, comprising a A$500 million green loan tranche and a A$250 million five-year tranche, the real estate developer said on Wednesday morning. The A$500 million tranche is Singapore’s first green loan with a pricing ...
4 hours ago
Frasers Property secures A$500m green loan for two Singapore properties
Ng Ren Jye - FRASERS Property Limited has secured a A$750 million (S$715.2 million) term loan, comprising a A$500 million green loan tranche and a A$250 million five-year tranche, the real estate developer said on Wednesday morning. The A$500 million tranche is Singapore’s first green loan with a pricing ...
4 hours ago
SGX-listed Frasers Property Group secures $351m green loan
Kristie Neo - Frasers Property secured an A$750 million term loan comprising an A$500 million ($350.8 million) five-year green loan tranche and an A$250 million ($175.4 million) five-year tranche. The post SGX-listed Frasers Property Group secures $351m green loan appeared first on DealStreetAsia.
4 hours ago
Close to 1 in 2 SMEs paid their arrears on time in Q2
Staff Reporter - Submitted By: Arianna Danganan Case Study: No The turning fortunes of the construction sector were cited as a possible reason for the improved performance. Q2 2019 saw 47% of small and medium-sized enterprises (SMEs) in Singapore paying their debts on time, which is said to be the highe ...
4 hours ago
Stocks to watch: CapitaLand, Lum Chang, CCT, Frasers Property, Keppel-KBS US Reit
Vivienne Tay - THE following companies saw new developments that may affect trading of their shares on Wednesday:
4 hours ago
Singapore-based AI intelligence platform Near raises $100m
Mars W. Mosqueda Jr. - Near processes data from over 1.6 billion monthly users across 44 countries. The post Singapore-based AI intelligence platform Near raises $100m appeared first on DealStreetAsia.
4 hours ago
Asia shares slip, dollar gains as sterling slides
Fiona Lam - Asian shares drifted lower on Wednesday after a lacklustre performance by Wall Street, while the dollar got a lift from robust U.S. retail data and a Brexit-driven dive in the pound.
4 hours ago
As Fed nears rate cut, policymakers debate how deep, and even if
Fiona Lam - With the first U.S. interest rate reduction in a decade expected later this month, two Federal Reserve policymakers sketched out arguments on Tuesday on how deep the cut should be, even as a third said she needs more data before being ready to sign on at all.
4 hours ago
Singapore exports post 4th month of double-digit decline with 17.3% plunge in June
Annabeth Leow - SINGAPORE’S exports, already in double-digit decline for three straight months, fell again in June, according to Enterprise Singapore data released on Wednesday morning.
4 hours ago
CapitaLand Commercial Trust declares 1.9% higher 2Q DPU to 2.20 cents on new acquisitions
Uma Devi - SINGAPORE (July 17): The manager of CapitaLand Commercial Trust (CCT) has reported a distribution per unit (DPU) of 2.20 cents for 2Q19 ended June 30. This translates into a 1.9% increase from the 2Q18 DPU figure of 2.16 cents. Both gross revenue and net property income increased by 3.0% and 0.8% t ...
4 hours ago
B Capital Group, LifeForce Capital lead $40m funding in US-based Notable Labs
Sarah Yuniarni - The Series B round brings Notable’s total funding to over $55 million. The post B Capital Group, LifeForce Capital lead $40m funding in US-based Notable Labs appeared first on DealStreetAsia.
5 hours ago
CCT acquires 94.9% stake in Frankfurt office for $387 mil
PC Lee - SINGAPORE (July 17): CapitaLand Commercial Trust (CCT) is acquiring a 94.9% stake in Main Airport Center (MAC) in Frankfurt, Germany, for €251.5 million ($387.1 million). The acquisition marks CCT’s second asset acquisition in Frankfurt and increase CCT’s overseas exposure from 5% to 8% of it ...
5 hours ago
Commentary: Singapore and the dreaded R word - recession
Bad news is good news for the prepared, says Singapore Business Federation CEO Ho Meng Kit.