Daily Briefing: Deals buoy commercial property sector in Q1; Singapore lifts passport stamp requirements on departing foreigners

18 Apr 2019 - Singapore Business Review
And Go-Jek poaches an ex-Bain consultant from Apple as VP of strategy and planning. From eFinancialCareers: Go-Jek has poached an ex-Bain consultant from Apple as its Singapore expansion starts to gather pace. The Indonesian tech unicorn, which is valued at about US$9.5b and backed by Google, Temasek ...

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Chart of the day: Public property investment sales soared from $110m to $3.1b in Q1

18 Apr 2019 - Singapore Business Review
This supported the growth of total investment sales which rose by 34% to $6.3b in Q1. This chart from Knight Frank shows the growth pattern of public and private investment sales on a quarterly basis, with the public property investment sales skyrocketing around 2,718% to $3.1b in Q1 from $110m in Q4 ...

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OCBC seeks partner for China securities business

18 Apr 2019 - The Star Online
SINGAPORE: Oversea-Chinese Banking Corp (OCBC) is looking for a Chinese firm to team up with on a securities joint venture on the mainland, the latest foreign bank seeking to capitalise on the nation’s financial-industry loosening. Obtaining a Chinese securities licence would allow OCBC to do asset management, ...
sgx:o39

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Resorts World units issue US$1bil debt notes

18 Apr 2019 - The Star Online
KUALA LUMPUR: Genting Bhd ’s units Resorts World Las Vegas LLC (RWLV) and RWLV Capital Inc have issued up to US$1bil of 4.625% senior notes due 2029. It said the notes were issued on Tuesday and listed on the Singapore Exchange Securities Trading Ltd yesterday. “Concurrent with the issuance of the notes, ...
usx:lvs klse:3182 sgx:g13

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Guocoland posts Q3 loss, sees lacklustre property market

17 Apr 2019 - The Star Online
KUALA LUMPUR: Guocoland (M) Bhd, the property firm controlled by billionaire Tan Sri Quek Leng Chan reported a loss in the third quarter ended March 31 on lower sales of completed units. The company expects the domestic property market to remain lacklustre in the subsequent period of year 2019 due to ...
sgx:f17 klse:1503

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Maybank slips on exposure to Hyflux

17 Apr 2019 - The Star Online
KUALA LUMPUR: Shares of Malayan Banking Bhd (Maybank) fell to a low of RM9.01 on Wednesday in a knee-jerk reaction to news that Singapore's PUB would take over Hyflux's Tuaspring desalination plant in the island nation. At 3.23pm, it was down 19 sen to RM9.02 and the decline weighed on the FBM KLCI. ...
sgx:600 klse:1155

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Singapore's PUB to take over Tuaspring desalination plant from Hyflux

17 Apr 2019 - The Star Online
SINGAPORE: National water agency PUB will be taking over troubled water treatment company Hyflux's Tuaspring desalination plant. It issued a notice to Tuaspring on Wednesday (April 17) to terminate its water purchase agreement with the company, PUB said in a press statement. The national water agency ...
sgx:600 sgx:btwz

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Resorts World units issue US$1b debt notes

17 Apr 2019 - The Star Online
KUALA LUMPUR: Genting Bhd 's units Resorts World Las Vegas LLC (RWLV) and RWLV Capital Inc.have issued up to US$1bil of 4.625% senior notes due 2029. It said the notes were issued on Tuesday and listed on the Singapore Exchange Securities Trading Ltd on Wednesday. “Concurrent with the issuance of the ...
usx:lvs klse:3182 sgx:g13

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Hyflux woes worsen as Singapore regulators review disclosures

17 Apr 2019 - The Star Online
SINGAPORE: Singapore authorities said they are reviewing debt-laden water treatment company Hyflux's disclosures to see if the firm has breached any laws. The review adds another complication for Hyflux, which is under a court-supervised restructuring process, and recently had a rescue by an Indonesian ...
sgx:600 sgx:btwz

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Singapore's OCBC seeks partner for China securities business

17 Apr 2019 - The Star Online
SINGAPORE: Oversea-Chinese Banking Corp. is looking for a Chinese firm to team up with on a securities joint venture on the mainland, the latest foreign bank seeking to capitalise on the nation’s financial-industry loosening. Obtaining a Chinese securities license would allow OCBC to do asset management, ...
sgx:o39

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