Ascendas REIT private placement oversubscribed at $2.944

6 May 2021 - Singapore Business Review
Parts of the proceeds of the private placement will be used to fund its acquisition of Galaxis. Ascendas Real Estate Investment Trust announced that its private placement of 142,644,000 new units have been oversubscribed. "The Private Placement was approximately2.6times covered and drew strong demand ...
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Media-focused fintech startup Few¢ents raise $2.13m in seed funding round

5 May 2021 - Singapore Business Review
Venture firm M Venture Partners and Hustle Fund participated in the funding round. Singapore-based fintech-for-media startup Few¢ents has raised $2.13m (US$1.6m) in a seed funding. This round saw participation from venture capital funds M Venture Partners and Hustle Fund, in addition to angel investors ...

Mapletree Industrial Trust issues $300m for 3.15% perpetual securities

5 May 2021 - Singapore Business Review
Net proceeds will be used for the Group's general corporate purposes. Mapletree Industrial Trust Management Ltd. (MITM) has announced that DBS Trustee Limited executed a pricing supplement on 3 May, 2021 to issue $300m of 3.15% fixed rate perpetual securities. MITM is the manager of Mapletree Industrial ...
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SF REIT Announces Details of Proposed Listing

4 May 2021 - ACN Newswire
SF REIT Asset Management Limited (the "REIT Manager"), as the manager of SF Real Estate Investment Trust ("SF REIT"), today announces the details of the proposed listing of SF REIT (the "Listing") on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"). SF REIT is ...
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Strait Times Index marks strongest start to a year since 1999

4 May 2021 - Singapore Business Review
STI recorded a 13.2% price gain over the first four months of 2021. With 13.2% price gains over the first four months of 2021, this year has been the strongest start to a calendar year for the Strait Times Index (STI) since 1999. The STI has also been the second strongest benchmark across the Asia Pacific ...
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DBS net profit smashes record $2b high

3 May 2021 - Singapore Business Review
DBS' net profit doubled in the first quarter of 2021. DBS Group's first quarter net profit has been confirmed at a record breaking $2.01b. This is a 72% increase from the $1.16b recorded in the same period last year, and is the first time the bank's quarterly profit has breached the $2b mark. "Loan and ...

Mapletree Industrial Trust distributable net property income up 11.3%

30 Apr 2021 - Singapore Business Review
The REIT found the fiscal year challenging as tenants struggled during the pandemic. Mapletree Industrial Trust (MIT) reported a distributable net property income of $$295.26m for the fiscal year of 2020/2021. This is 11.3% higher than the distributable net property income of $265.33m recorded for the ...
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OCBC, Standard Chartered lead LinkedIn Top SG Company rankings

29 Apr 2021 - Singapore Business Review
Professional network LinkedIn has ranked the top 15 companies that helped Singaporeans during the pandemic. Banking giants OCBC Bank and Standard Chartered Bank grabbed the top two spots in LinkedIn's 2021 Top Companies ranking for Singapore. The professional network ranked companies by how their products ...
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Singtel deploys standalone sites amidst accelerated 5G push

28 Apr 2021 - Singapore Business Review
The company has upgraded its 5G radio access network with advanced radio technologies. Singtel has deployed a number of 5G standalone sites all over Singapore in areas such as Orchard Road, the Central Business District, Harbourfront and Sentosa. as part of its accelerated push of 5G technology. In preparation ...

Market Update: STI up 1.01% as Asian markets rebound from losses

23 Apr 2021 - Singapore Business Review
The Straits Times Index reversed its losses, as it closed up by 31.72 points or 1.01% at 3,186.78 on Thursday. The reversal was similar across Asian markets, which bounced back from the sea of red recorded the previous day. Top performers for the day were ComfortDelGro with 2.29% or $1.79 in gains, DBS ...
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