Leadership
Paragon Reit to divest The Rail Mall for S$78.5 million
Divestment to be completed in H2 2024, and is not expected to affect net asset value or distribution per unit for FY2024 PARAGON Real Estate Investment Trust has entered into...
STI dips 0.1% on Thursday as regional central banks hold rates steady
SINGAPORE shares fell on Thursday (Jun 20) as central banks in the region maintained their benchmark lending rates.The People’s Bank of China left its one-year loan prime rate at...
Passenger car COE premiums bounce back after previous round’s drop
CERTIFICATE of Entitlement (COE) prices for the two passenger car categories in June’s second round of bidding have bounced back after a significant drop in the previous round.But unlike...
China orders small banks to curtail wealth management business, sources say
The latest instruction also requires some small banks to reduce their wealth management business activities by the end of this yearChina’s banking regulator has given small banks a 2026...
Singapore flags corporate service providers, real estate among non-bank money laundering risks
CORPORATE service providers, real estate, casinos as well as precious stones and metals are among the non-banking sectors that pose higher money laundering risks to Singapore, indicated the updated...
SoftBank’s Masayoshi Son is ready for next big bet after hiatus
SOFTBANK Group founder Masayoshi Son declared he’s ready to swing for the fences when he makes his next big tech bet, suggesting the Japanese conglomerate is on the cusp...
Frasers Hospitality debuts in Taiwan with over 200-key Taipei serviced apartment
FRASERS Hospitality, a strategic business unit of Frasers Property, announced on Thursday (Jun 20) its entrance into Taiwan with its premium serviced apartment, in partnership with Taiwanese real estate...
Forwards become Malaysia’s favoured tool for boosting the ringgit
MALAYSIA’S central bank has been increasingly using currency forwards to support the ringgit, easing pressure on its foreign-exchange reserves.Bank Negara Malaysia’s net forward FX position widened to negative US$27.7...
