Daily Briefing: SIA goes head-to-head with Emirates for passenger loyalty; HNA to bag CWT shares

And commercial property investment crashes 66%.

Singapore Airlines Ltd. is fighting to prevent travelers from switching to Emirates Airline, which is offering luxuries like on-board shower, while budget carriers are chipping away at the coach class. The result: The lowest yield from passengers in six years. Read more here.

HNA Group Co., the Chinese conglomerate that controls the country’s fourth-largest airline, is in exclusive talks with the biggest shareholder of CWT Ltd. for a potential acquisition of shares in the Singapore-based logistics company. Read more here.

Direct commercial real estate investment in Singapore plunged by 66 percent to nearly US$700 million during the first quarter, according to the latest report from property consultancy JLL. The sharp decline is attributed to the lack of big-ticket deals during the quarter as rising vacancies and the record number of new completions dampen investor sentiment. Read more here.