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Top Glove proposes one-for-one bonus issue

20 Apr 2018 - The Star Online
KUALA LUMPUR: Top Glove Corp Bhd has proposed a one-for-one bonus issue at a yet-to-be determined entitlement date, which will see up to 1.28 billion bonus shares issued to shareholders of the company. “We have always been committed to adding and creating value for our shareholders, and the proposed ...
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Frasers Logistics and Industrial Trust buys 21 European properties for $515.4m

20 Apr 2018 - Singapore Business Review
It marks the company’s strategic entry into German and Dutch logistics and industrial markets. Frasers Logistics & Industrial Trust (FLT) bought FPE Logistics B.V., which holds 21 interests in 21 properties in Germany and the Netherlands, from its sponsor Frasers Property, for a price of $972.8m (€596.8m). ...
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Chart of the Day: Caveats for district 1 and 2 private condos soared 153% in 2017

20 Apr 2018 - Singapore Business Review
Demand for the condos has breached the 21-quarter average of 85 units. This chart from OrangeTee Research shows that 493 caveats were lodged in 2017, a 153% increase from 2016 (195 units). Meanwhile, 89 caveats were lodged in Q1 of 2018. "The sales of non-landed homes in district 1 (D1) and 2 (D2) have ...

1 in 4 real estate bosses pick Singapore for relocation

20 Apr 2018 - Singapore Business Review
They believe Singapore is a secure space that can mitigate rental escalation. According to CBRE's Asia Pacific Occupier Survey 2018, 45% of real estate executives have major relocation plans for their companies in the next two years, about 25% of them prefer Singapore due to secure space to mitigate ...

Daily Briefing: PM Lee warns of trade war's big impact on Singapore; NTU Singapore builds furniture-assembling robots

20 Apr 2018 - Singapore Business Review
And half of Singaporean firms still only have 20% of female bosses. From CNBC: Scientists, with the help of researchers from Nanyang Technological University of Singapore, have taken three years to develop two robotic arms that can assemble IKEA flat-pack furniture in just 20 minutes. The robot took ...

RHB believes IHH bid for Fortis will continue

20 Apr 2018 - The Star Online
KUALA LUMPUR: RHB Investment Research believes that IHH Healthcare Bhd will continue to bid for Fortis Healthcare, given its plans to grow its footprint in India. "We are of view that this would not be the end to IHH’s plans to acquire a strategic stake in Fortis, and that the bid for Fortis would be ...
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FundedHere mounts oversubscribed campaign for popular app/startup Waitrr

20 Apr 2018 - ACN Newswire
Crowdfunding platform FundedHere has raised a significant amount of capital for popular startup Waitrr - with its 'mobile waiter' app which automates food orders to eliminate users' wait times when dining in restaurants or ordering takeaway food - in an oversubscribed 30-day campaign that ...

Singapore cuts May to July vehicle COE quota by 4%

19 Apr 2018 - Singapore Business Review
24,614 certificates will be issued. The Certificate of Entitlement (COE) quota for May 2018 to July 2018 will be 24,614, the Land Transport Authority (LTA) said. Bidding under this quota will start with the first COE bidding exercise in May 2018. According to an announcement, the quota consists of replacement ...

Tender for Singapore-Malaysia rail project extended to December

19 Apr 2018 - Singapore Business Review
Bidders have requested an extension to develop their submissions. MyHSR Corporation Sdn Bhd (MyHSR Corp) and SG HSR Pte Ltd (SG HSR) moved the deadline of the bids for the Kuala Lumpur-Singapore High Speed Rail (KL-Singapore HSR) Assets Company (AssetsCo) tender to 28 December 2018. According to a joint ...

IHH Healthcare offers Fortis buyout at $796m

19 Apr 2018 - Singapore Business Review
It is neck-to-neck with three other bidders for India's second largest hospital group. IHH Healthcare issued a non-binding letter to Fortis Healthcare expressing its readiness to inject INR40b or $796m (INR 160 per share) in order to fund the buyout of Singapore-listed RHT Health Trust (RHT), it said ...
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