SINGAPORE (THE BUSINESS TIMES) – Keppel Reit said its distributable income from operations for the first 9 months of 2021 rose 20.8 per cent year-on-year …
Chinese developer Modern Land misses payment on US dollar bond
HONG KONG (BLOOMBERG) – Modern Land China has become the latest Chinese builder to miss payment on a US dollar bond, in a further sign …
Crown given 2 years to clean up or lose its flagship Melbourne casino
SYDNEY (BLOOMBERG) – Crown Resorts has been given two years to save its flagship Melbourne casino by addressing a litany of wrongdoing after being found …
South Korea economic growth slows on supply snags, Covid-19 curbs
SEOUL (BLOOMBERG) – South Korea’s economic expansion cooled last quarter as global supply chain snags dragged down investment and a renewed virus outbreak weighed on household …
Tesla’s blockbuster deal with Hertz paves way to take EVs mainstream
SOUTHFIELD, MICHIGAN (BLOOMBERG) – Hertz Global Holdings’ US$4.2 billion (S$5.66 billion) deal with Tesla is about more than just an order for 100,000 cars. It …
DBS veteran Soh Kian Tiong named bank’s new chief risk officer
SINGAPORE – DBS Group Holdings on Monday (Oct 25) announced the appointment of Mr Soh Kian Tiong as chief risk officer (CRO) with effect from …
Singtel divests payment card compliance business for $107.8 million
SINGAPORE (THE BUSINESS TIMES) – Singtel on Monday (Oct 25) announced that its cyber security arm Trustwave has divested SecureTrust, its payment card industry compliance …
Evergrande resumes work on more than 10 property projects
BEIJING (REUTERS) – China Evergrande Group said on Sunday (Oct 24) it had resumed work on more than 10 projects in six cities including Shenzhen …
Covid-19 pandemic spurs youth in South-east Asia to chase start-up dreams
BANGKOK (BLOOMBERG) – A new generation of young professionals, defined by the realities of a global pandemic, are eschewing work at established corporations and jumping …
Sembmarine clarifies media reports on Johan Castberg project
SINGAPORE – Sembcorp Marine (Sembmarine) has clarified media reports last week about its work on the Johan Castberg hull project. The group’s scope of work …
What has changed about the wealthy
(NYTIMES) – I began writing the Wealth Matters column in December 2008. The column was conceived earlier that year, when the US economy still appeared …
Legal pitfalls to note before investing in NFTs
SINGAPORE – If you have paid $1 million for a rare painting, chances are you won’t be displaying it at a public area for passers-by …
How billionaire Charles Munger got into properties
(BLOOMBERG) – Billionaire investor Charles Munger made a well-timed bet on suburban apartments in California – thanks to a neighbourhood teenager who showed up at …
Robinhood takes aim at college students
(NYTIMES) – Robinhood, the free stock-trading app with 21 million active users and counting, is about to hit the road for a college coffee house …
Why it pays to invest in a place near a popular school
Properties near popular schools are highly sought after by both investors and parents. Many parents go to great lengths to secure a place in good …
Micron to hire more staff in Singapore as part of growth plans, amid growing demand for memory chips
SINGAPORE – Chipmaker Micron Technology aims to hire hundreds of research and development (R&D) and manufacturing engineers here in the coming years to bolster its …
Dow ends at record, capping strong week for US stocks
NEW YORK (AFP) – The Dow finished at a record Friday (Oct 22), capping a strong week for US stocks following mostly solid corporate earnings …
One Bernam, a mixed-use landmark development, marries rich heritage with growth potential, and accessibility to work and play
Real estate buyers tend to favour homes in history-rich locations, the trendiest and most vibrant neighbourhoods – or looking ahead, areas where rejuvenation will bring …
Ascendas Reit to acquire 11 logistics properties in Kansas City for $207.8 million
SINGAPORE (THE BUSINESS TIMES) – Ascendas real estate investment trust (Reit) has proposed the acquisition of 11 logistic properties located in Kansas City in the …
Crypto exchange FTX raises $566m in funding round co-led by Temasek
BENGALURU (REUTERS) – Crypto firm FTX Trading has raised fresh capital at a valuation of US$25 billion (S$33.7 billion) from a clutch of big-name venture …