News

Chart of the day: Older firms are more likely to have corporate websites

Only three out of 10 firms who are aged 5 years or younger have websites.

OCBC Bank, NTU Singapore enter $5m research collaboration

They aim to develop solutions for sustainability, data privacy, and cyber security 

Genting Singapore profit more than doubles in Q3

This is due to the recovery of regional travel.

Cromwell E-REIT's distributable income falls 0.4% YoY to €24.179m in Q3

This is despite recording a 4.1% YoY increase in its net property income. 

Commercial investment volumes rise 30% YoY to US$1.5b in Q3: MSCI

Singapore ranked 6th amongst APAC countries with the highest investment volume.

Singapore rental index for private homes rise to highest in 24 years

Rents for landed and non-landed homes are 10.9% and 8.3% higher, respectively.

Singapore’s Investor Movement Index dips to lowest in 2022

Investors were exercising more caution as they brace for a possible recession.

Colliers appoints new APAC Managing Director for Global Capital Markets

The appointee will take over the post on 1 January 2023.   Chris Pilgrim has been named Collier’s new Managing Director of Global Capital Markets for the Asia Pacific (APAC).   Pilgrim will take over the post on 1 January 2023. 

CapitaLand Investment Limited to divest Queensbay Mall in Malaysia for $300.3m

The value represents a premium of 3.8% to CLI’s valuation in December 2021.

Singapore life insurance new business premiums down by 5.9% in Q3

However, take up for new policies picked up by 12.8% in the quarter.

OKP bags $100.3m LTA contract for commuter infrastructure enhancement

The contract involves the construction of covered linkways at new MRT stations.