Real Estate
ADIA to invest US$750 million in debt of India’s GMR Group
ABU Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund, will invest about US$750 million in the debt of India’s GMR Group, giving it a foothold in one...
Japan’s Nikkei slips on caution ahead of election
Japan’s Nikkei share average fell for a third straight session on Wednesday (Oct 23) as caution ahead of the country’s upcoming lower house election results overshadowed any boost from...
GIC, Macquarie explore US$2 billion stake sale in Philippines’ EDC: sources
SINGAPORE’S GIC and Australia’s Macquarie are looking at selling their stake of roughly 30 per cent in Philippine renewable energy firm Energy Development Corp (EDC), a deal that could...
Keppel Infrastructure Trust’s 9-month distributable income falls 60.1% to S$106.1m
KEPPEL Infrastructure Trust (KIT) saw its distributable income year on year (yoy) tumble 60.1 per cent to S$106.1 million for the first nine months of 2024 from S$266.1 million. The...
Changi Airport’s Q3 passenger movements up 10% on strong North Asia traffic
CHANGI Airport had 16.8 million passengers passing through its terminals in the third quarter of 2023, up 10 per cent from the year before.
The figure was 97.4 per cent...
China Resources Beverage shares end 15% higher on Hong Kong IPO debut
DRINKS maker China Resources Beverage’s shares ended 15 per cent higher in their Hong Kong debut on Wednesday (Oct 23), giving dealmakers hope that more big-ticket initial public offerings...
Senoko Energy and Petronas’ Gentari ink MOU to explore importing hydrogen gas from Malaysia to Singapore
The Singapore energy company plans to integrate hydrogen gas into its combined cycle gas turbine assets to improve their environmental performance SENOKO Energy signed a memorandum of understanding (MOU) with...
Keppel Pacific Oak US Reit Q3 distributable income falls 8.8% to US$11.9 million
KEPPEL Pacific Oak US Reit (Kore) posted a distributable income of US$11.9 million for the third quarter ended Sep 30, down 8.8 per cent from US$13.1 million in the...
L’Oreal sales hurt by deepening demand slowdown in China
L’OREAL posted disappointing sales last quarter as the beauty company suffers from worsening consumer demand in China.Like-for-like sales in North Asia, which includes China, fell 6.5 per cent in...
Is Sydney the new London for investing in commercial property? Some Singapore companies seem to think so
Given the positive outlook and favourable market conditions, it would be no surprise if more firms seize opportunities, positioning themselves for growth thereAFTER a period which saw write-downs on...