CapitaLand has a global philanthropic footprint in battle against Covid-19

LAST month, CapitaLand added another feather to its cap when it was awarded the 'Organisation of Good' at the President's Volunteerism and Philanthropy Awards 2020 for its exemplary contribution to the community in Singapore during the Covid-19 pandemic.

Sabana Reit mulls fund managers' requisition notice asking for EOGM

THE board of the manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust on Wednesday said it is considering the requisition notice from Quarz Capital and Black Crane Capital and seeking legal advice, adding that it will make further announcements on SGXNet in due course...

Quarz, Black Crane seek Sabana Reit EGM to vote on five resolutions

FUND managers Quarz Capital and Black Crane Capital, in a letter sent on Tuesday and seen by The Business Times, have made a requisition to the board of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust's (Sabana Reit) manager to convene an extraordinary general meeting (EGM)....

Quarz, Black Crane ask Sabana Reit's manager to convene EGM

FUND managers Quarz Capital and Black Crane Capital, in a letter sent on Tuesday and seen by The Business Times, have made a requisition to the board of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust's (Sabana Reit) manager to convene an extraordinary general meeting (EGM)....

DATA CENTRES

How Singapore can break out of land scarcity in data centre space

SINGAPORE is naturally constrained by its size against other large data-centre markets in the region. But what it lacks in size, it hopes to make up for in green innovation.

Vicom posts 5% fall in Patmi for Q3

VICOM posted a 5 per cent slip in its profit after tax and minority interest (Patmi) for the third quarter ended Sept 30, from S$7.15 million a year ago to S$6.82 million.

BT EXCLUSIVE

Singapore hits pause on building new data centres; short-term rents up

SINGAPORE authorities have nudged data centre players to stop building new ones on this land-scarce island, triggering a rise in short-term rental rates.

Gen Z youth more interested in digital investment: OCBC

DIGITAL investments made by Gen Z youth have tripled over the past year, data from OCBC found, with micro-investing, which allows investors to start investing with very low minimum investment amounts, a hit among the group.

CRCT proposes to buy five business parks, remaining stake in mall for 4.95b yuan

THE manager of CapitaLand Retail China Trust (CRCT) has proposed to buy interests in five business park properties and the balance 49 per cent interest in its Rock Square mall asset for an agreed property value of about 4.95 billion yuan (S$1.01 billion) from related parties.

BT EXCLUSIVE

CRCT proposes to buy five business parks, remaining stake in mall for 4.95b yuan

THE manager of CapitaLand Retail China Trust (CRCT) has proposed to buy five business park properties and the balance 49 per cent interest in its Rock Square mall asset for an agreed property value of about 4.95 billion yuan (S$1.01 billion).

DATA CENTRES

Singapore rides pan-Asian data centre trend

PRIVATE equity firms are pushing deeper into the data centre market in Singapore - as they are in other parts of the world - as Covid-19 prompts more companies to go digital.

World's biggest IPO halted as Ant Group feels Shanghai's bite

IN a shock decision, the Shanghai Stock Exchange (SSE) has suspended Ant Group's listing - just two days before the world's largest initial public offering was to take place in the city and in Hong Kong.

Positive outlook for China equities: Credit Suisse

ANALYSTS at Credit Suisse remain bullish on China equities and expect to see more upside in the market amid good recovery growth from the containment of the coronavirus and easing of lockdown measures in the country.

Frasers Hospitality Trust DPS falls 68.3% for FY20

FRASERS Hospitality Trust (FHT) has posted a distribution per stapled security (DPS) of 1.3982 Singapore cents for the full year ended Sept 30, down 68.3 per cent from 4.4129 Singapore cents the previous year.

MNACT's H1 DPU falls 26% to 2.876 Singapore cents

MAPLETREE North Asia Commercial Trust (MNACT) on Thursday reported that its distribution per unit (DPU) for the first half ended Sept 30 fell 26 per cent to 2.876 Singapore cents, down from 3.887 cents a year ago.

INFRASTRUCTURE FINANCING

Sustainability and green finance to be factors in Singapore's new infrastructure

AS SINGAPORE goes about building up its logistics infrastructure for a post-Covid-19 economy, alternative ways of funding these future projects will have to be found, especially with the country facing economic contraction brought by the pandemic, industry observers have told The Business Times...

MNACT's H1 DPU falls 26 per cent to 2.88 Singapore cents

MAPLETREE North Asia Commercial Trust (MNACT) on Thursday reported that its distribution per unit (DPU) for the first half ended Sept 30 fell 26 per cent to 2.876 Singapore cents, down from 3.887 cents a year ago.

ANT IPO

Ant Group's public tranche for accredited investors

ANT Group's blockbuster initial public offering (IPO) has been hogging the headlines - but retail investors in Singapore eager for a piece of the world's largest IPO will have to wait and buy on the open market after trading starts. Accredited investors, on the other hand, can subscribe to the...

VIRUS OUTBREAK: JOBS IMPACT

Logistics industry creates over 2,100 openings; 1,500 jobs to come in next 5 years

MORE than 2,100 openings were available in the logistics industry as at end-September, of which more than 60 per cent were jobs, and the rest, traineeships and attachments and opportunities for training.

Over 2,100 openings in Singapore logistics industry; 1,500 new jobs to be created

MORE than 2,100 openings are available in the logistics industry as at end-September, of which over 60 per cent are jobs, based on figures from Singapore's Ministry of Manpower's (MOM) latest weekly jobs situation report released on Tuesday.

BT EXCLUSIVE

Local construction firms 'still playing second fiddle to foreign ones'

HALF of big public sector jobs go to foreign firms, and local contractors want to change that.

REC marketplaces good for local firms, but face regional competition

THE recent launches of renewable-energy certificate (REC) marketplaces in Singapore indicate a growing appetite for these tradable certificates, industry observers told The Business Times.

STOCKS

STI up on the week amid NODX gains, HK travel bubble

SINGAPORE shares rebounded on Friday to end the week in the black, as investors reacted positively to the country's non-oil domestic exports (NODX) figures in September. The benchmark Straits Times Index (STI) climbed 0.37 per cent or 9.4 points to close at 2,533.02.

STI ends the week in the black, following gains in NODX figures and air travel bubble plans

SINGAPORE shares rebounded on Friday to end the week in the black, as investors reacted positively to the country's non-oil domestic exports (NODX) figures in September.

Three-quarters of employees here expect better work-life balance due to flexi-work: Poll

ALMOST three-quarters of Singapore employees expect work-life balance to improve as working from home regularly becomes a permanent option, according to a survey conducted by UOB.