What the new normal means for banks

26 Mar 2021 - Singapore Business Review
More than 45% of bank executives are unsure how to embrace new-age banking. The pandemic has ushered in a new era of value-based customer-centric banking, referred to as Banking 4.X, which retail banks now have to navigate to succeed. The World Retail Banking Report 2021 raised the need for banks to ...
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CapitaLand to consolidate investment management platform

23 Mar 2021 - Singapore Business Review
Its property development business will be placed under private ownership. CapitaLand has proposed to restructure its business, consolidating its investment management platforms, including its lodging business, into CapitaLand Investment Management (CLIM) whilst placing its property development business ...
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CapitaLand pushes ahead with its global drive for sustainability

22 Mar 2021 - Singapore Business Review
The real estate group is adopting sustainability innovations through its CapitaLand Sustainability X Challenge and devising a new metric to measure its sustainability outcomes. In an exclusive interview with Real Estate Asia, CapitaLand Group’s Chief Sustainability Officer Lynette Leong who is responsible ...
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Top 10 tech stocks gain 15%

19 Mar 2021 - Singapore Business Review
Singapore's technology stocks keep pace with global gains. Singapore's technology stocks have kept pace with its global counterparts, according to the Singapore Exchange (SGX). The bourse reported that Singapore's top 10 most traded technology stocks gained 15% from the period of January to 16 March ...
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Mapletree acquires five properties in South Korea

19 Mar 2021 - Singapore Business Review
The acquisition was first announced on 15 February. Mapletree Logistics Trust (MLT) has completed the acquisition of five logistic properties in South Korea with a total value of $334.8m. According to an announcement posted by the Singapore Exchange, MLT now indirectly wholly owns CoreLogis and Gwan-ri ...
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Revenue of Ascott and Frasers REITs to remain weak until 2023

18 Mar 2021 - Singapore Business Review
But excellent liquidity will help them through the industry turmoil. Ascott Residence Trust and Frasers Hospitality Trust (FHT) will continue to suffer weak revenues until 2023, according to Moody’s latest research. Moody’s said the slow resumption of travel will keep credit metrics weak for the two ...
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GuocoLand sees core and flex leases as new normal

17 Mar 2021 - Singapore Business Review
With a younger tenant mix, demand for more efficient spaces and flexible lease terms is now higher than before. GuocoLand is no stranger to adapting modern designs and meeting tenant demands, but the COVID-19 pandemic is an unprecedented event that shook the entire real estate industry. For GuocoLand ...
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Ascendas Reit to acquire European data centres for $904.6m

17 Mar 2021 - Singapore Business Review
The company plans to acquire a total of 11 data centres. Ascendas Reit has announced its intention to acquire a portfolio of data centres across Europe for $904.6m from subsidiaries of Digital Realty Trust, Inc. The portfolio comprises 11 data centres located across the United Kingdom, the Netherlands, ...
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S-REITS lead STI Reserve List

9 Mar 2021 - Singapore Business Review
Recent moves of the S-REITS sector have been aligned with global REIT. Singapore real estate investment trusts (S-REITS) have been in the lead for the Straits Times Index (STI) reserve list, yielding an average of 6%. The STI Reserve List, which comprises the five highest ranking non-constituents of ...
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Hospitality REITs on the road to recovery: OCBC

9 Mar 2021 - Singapore Business Review
Ascott Residence Trust is OCBC’s top hospitality pick. Hospitality REITs have borne the brunt of the COVID-19 pandemic but are now on the road to recovery, according to OCBC Investment research. “Singapore started vaccinations in December 2020 and targets to vaccinate the entire population by 3Q 2021. ...
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