Singapore
Manulife US REIT’s occupancy drops to 78.7% in 1Q24
The REIT attributed the drop to TCW's lease expiry.
Keong Hong Holdings warns of impending losses
Higher construction costs impacted the company's bottom line.
UOB’s core net profit down 1% to S$1.6b in Q1 as interest income dips
Trading and investment income hit a record high, however.
ISCA and CBD commit to enhance board diversity and governance
Training programmes will be held for company directors.
Private home rents dip 1.3% in Q1
Rents fell steepest in the Core Central Region
Fixed income, equities funds remain top investment choice among Singapore investors: survey
Many also consider ETFs and crypto for future investments.
Daily Markets Briefing: STI down 0.11%; Top stock is DBS
DBS is the top stock with a 0.335% increase.
UOB to maintain good asset quality amidst profitability dip
The bank is also expected to have a steady core capital ratio.
Thomson Medical Group to issue $140m notes at 5.25% due in 2027
The notes are expected to be issued on 13 May.
Paragon REIT reports $73.8m revenue in 1Q24
The REIT also reported stable occupancy rates in the period.
DBS to maintain strong solvency, robust funding: Moody’s
It is anticipated to sustain high profitability with return on assets of around 1.3%.
AIMS APAC REIT distribution per unit slips 5.9% YoY in FY2024
On the other hand, net property income grew 6.9% YoY.
MAS penalises Swiss-Asia Financial for serious AML failures
The imposed composition penalty is worth $2.5m.
Gourmet Park Kampong Bugis pop-up now open
It features lineup of events such as chef collaborations, grill-outs, and pet-friendly activities.
dnata names new Singapore managing director
Neo Su Yin will lead operations at Changi Airport.
Road closures set around Sports Hub, Marina Centre for OCBC Cycle on 11-12 May
Over 7,000 cyclists are expected to participate at the OCBC Cycle 2024.
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