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Keppel Infrastructure Trust sinks into the red with $16.21m loss in Q1 2019

16 Apr 2019 - Singapore Business Review
The $775m acquisition cost of Ixom hit profits hard. Keppel Infrastructure Trust (KIT) reversed from a $7.5m profit in 2018 to a $16.21m in loss in Q1 2019 following the heavy acquisition cost of chemical firm Ixom, an announcement revealed. “Excluding the [Ixom] transaction cost, profit attributable ...
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Surbana Jurong further subscribes to $300m of Changi Airports' bonds

15 Apr 2019 - Singapore Business Review
This follows after the firm first subscribed for $500m bonds of Changi Airports. Surbana Jurong Capital (Aviation) Pte. Ltd., an indirect wholly-owned subsidiary of Surbana Jurong Private Limited, has on 11 April 2019 subscribed for $300m in aggregate principal amount of bonds and 300 million warrants ...

Chart of the Day: Firms with deteriorating risk standing hit 21.36% in 2018

15 Apr 2019 - Singapore Business Review
This represents a visible increase from just 15.13% in 2017. The proportion of firms in Singapore which experienced a decline in risk standing surged to 21.36% in 2018 from 15.13% in the previous year as deepening economic uncertainties continue to weigh in on corporate performance, according to the ...

3 in 5 Singaporeans willing to share data for cheaper banking products

12 Apr 2019 - Singapore Business Review
Users are willing to share data on their income, location and lifestyle habits. Six in ten consumers in Singapore would be willing to share significant personal information like income, location data and lifestyle information with their bank and insurer in exchange for more affordable and personalised ...

Daily Briefing: Jewel Changi to open on 17 April; Median salary for PEI graduates up 3.92% to $2,650 in 2018

12 Apr 2019 - Singapore Business Review
And Rockworth Capital Partners acquired 18% stake in ASX-listed Elanor Investors Group. From Reuters: The $1.7b Jewel Changi retail complex is set to open on 17 April. Housed under a dome of glass and steel, the building is spread over 135,700 square meters and was designed by Moshe Safdie, who is known ...

MAS bans reps from HSBC, UOB, and NTUC Income over fraud

11 Apr 2019 - Singapore Business Review
Their cases involved deception, sales of fake products, and forgery. The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against two former bank employees and a former insurance agent for fraudulent and dishonest conduct, an announcement revealed. The individuals are Emeline ...
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Keppel Infrastructure Trust hauls $500.8m in equity fundraising

10 Apr 2019 - Singapore Business Review
The proceeds will be used to partially repay a loan facility to fund the acquisition in Ixom. Keppel Infrastructure Trust (KIT) has raised approximately $500.8m through an equity fundraising, comprising a placement and preferential offering. This equity deal is said to be Singapore's largest year-to-date, ...
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Top 5 billionaire stocks hit average return of 49% in April

10 Apr 2019 - Singapore Business Review
Manufacturing firm Hi-P saw a skyrocketing return of 89.9% in April YTD. The five best-performing billionaire stocks saw an average total return of 49% in April YTD, the Singapore Exchange revealed. Amongst them, manufacturing firm Hi-P saw the largest return of 89.8%. Meanwhile, SBS Transit, Thai Beverage, ...

Daily Briefing: CapitaLand's Ascott adds 14 new global properties; Air taxis to be trialed in southern Singapore

10 Apr 2019 - Singapore Business Review
And data centre startup AirTrunk bags $450m to build first Singapore facility. From Deal Street Asia: CapitaLand’s wholly-owned lodging arm Ascott has added 14 properties comprising over 2,000 units across eight countries, including China, Germany, India, Indonesia, Japan, Malaysia, Thailand and Saudi ...
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PMET digital job openings nearly double in 2018 as financials intensify tech hiring

9 Apr 2019 - Singapore Business Review
There are 6,700 available positions in 2018 compared to 4,520 in 2017. The number of PMET jobs for software, web and media developer positions nearly doubled to 6,700 in 2018 from 4,520 in the previous year although data suggests that jobs are getting increasingly harder to fill as demand for digital ...