KUALA LUMPUR/SINGAPORE, Feb 16 (Reuters) - Malaysia's Axiata Group, the largest shareholder in Singapore mobile operator M1 Ltd, has accepted a bid from Singapore investors that valued M1 at S$1.9 billion ($1.4 billion). In a statement late on Friday, the telecoms group said it would book an estimated
Private residential units sold by developers excluding Executive Condominiums (ECs) fell 28.1% month-on-month (m-o-m), from 602 units last December to 433 units in January, according to URA data released on Feb 15. Meanwhile, 498 new private homes were launched in January, nearly four times more than
KUALA LUMPUR/SINGAPORE, Feb 15 (Reuters) - Malaysia's Axiata Group the largest shareholder in Singapore mobile operator M1 Ltd has accepted a bid from Singapore investors that valued M1 at S$1.9 billion ($1.4 billion). In a statement late on Friday, the telecoms group said it would book an estimated
Malaysia's Axiata Group has disposed of its equity interest in Singapore-based mobile operator M1 Ltd, it said on Friday. In a stock exchange filing, the telecoms group said it had accepted a voluntary conditional general offer by Konnectivity Pte. Ltd for its entire stake in M1 for a total cash
Feb 15 (Reuters) - China International Capital Corporation Ltd: * SINGAPORE'S GIC SELLS 117.085 MLN H-SHARES IN CHINA INTERNATIONAL CAPITAL CORPORATION LTD AT AN AVERAGE PRICE OF HK$15.5 EACH ON FEB 14 ...
A growing number of property investors in Singapore are turning their attention abroad. Of the 803 respondents to the 2019 EdgeProp-Knight Frank Homebuyers’ Sentiment Survey, 29.4% said they would be keen to invest in overseas residential properties in the next 12 months.This compared to the 28.6% of
A Singaporean man who gave financial support to a Syria-based Islamic State (IS) militant from Malaysia has been detained under the city-state's tough internal security laws, authorities said Friday. The arrest highlights the continued influence of Southeast Asian militants fighting with IS in Iraq
SINGAPORE (Feb 15): Despite a 27% drop in its 3Q19 earnings to $284.1 million, Singapore Airlines (SIA) is a still a “buy” in analysts’ books.Revenue for the quarter was 6.5% higher y-o-y at $4.34 billion though, mainly on growth in passenger demand with passenger yields being flat.For 9M19, group earnings
Knight Frank Singapore has appointed Nicholas Keong as its head of residential (international project marketing) with effect from March 1. He was previously at Jones Lang Laselle for six years working on international project marketing, leading regional initiatives, and strategising returns on overseas
SINGAPORE (Feb 14): Property developer Bukit Sembawang Estates posted $54 million in earnings for the 3Q ended Dec 2018, up more than threefold from its restated 3Q18 earnings of $15.8 million due to a sevenfold y-o-y surge in revenue.Revenue for the quarter grew 598% to $122.3 million compared to $17.5
In January, the world’s largest co-working space provider WeWork announced that it is rebranding itself as The We Company. Under this new name, the company will expand into other areas, and will comprise three business units – WeWork, which deals with coworking; WeLive, which deals with residential spaces
Every week, Pauline Chong, principal at Cento Ventures, looks at some 10 different proptech companies for consideration for inclusion in the early-stage investor’s new $50 million proptech fund. Based in Singapore, Cento Ventures is a Series A venture capital firm focused on under-invested emerging digital
A three-bedroom unit on the ground floor of Kovan Residences will be put up for auction for the second time by PropNex Realty on Feb 27. The 1,701 sq ft unit is an owner’s sale, and was first put up for auction by PropNex last month. The opening price then was $1.78 million ($1,046 psf). The guide price
Six adjoining strata offices at International Plaza are up for sale via private treaty, at a guide price of $11.968 million. This translates to $1,850 psf based on the floor area, according to the marketing agent Colliers International.At this price, it compares favourably with the average price of $1,895
The estate stretches for over 700ha, roughly the size of Bishan. Image source: HDBIf you’re a young couple looking at BTO options, there is little doubt that you would have heard of the new Tengah – Singapore’s first new HDB town in over 20 years since Punggol.Located within the West Region, Tengah is
SINGAPORE (Feb 18): Like many land- and water-scarce countries, Singapore is proud of its desalination facilities. There are three plants in the southernmost part of its west coast, supplying 130 million gallons of water a day that can meet up to 30% of Singapore’s current water demand. Last year,
Ascendas-Singbridge Group has partnered Mitsui & Co to own and operate two office buildings in Shanghai, China, the company announced today.Through a 55:45 partnership, the companies will manage Ascendas Innovation Place (AIP) and Ascendas Plaza (AP). The two firms will work together on the development
Here are the highlights from Singapore Telecommunications Limited’s (SGX: Z74) latest earnings result presentation.
The Singapore economy grew by3.2% in 2018, lower than an initial estimate of 3.3 per cent, and slowing down from the 3.9 per cent growth in 2017.
SINGAPORE (Feb 15): Singapore Airlines (SIA) reported 3Q19 earnings declined 27% to $284.1 million, compared to $389.2 million in 3Q18.For 9M19, group earnings came in at $480.1 million, 53% lower than its 9M18 earnings of $1.02 billion.Revenue for the quarter was 6.5% higher at $4.34 billion from $4.08
SINGAPORE (Feb 11): Global equity markets ended 2018 on a decidedly sour note. Once high-flying technology stocks were heavily sold off, and volatility across equity markets spiked, especially in October. This is a very favourable backdrop for derivative instruments, as hedging activity is likely to
Long associated with tai tais, colonial masters, and assorted rich people not chained to a desk job, having high tea in a posh hotel is one of the things that Singaporeans are always fantasizing about. ...