Real Estate
FLCT to acquire Tuas logistics facility for S$140.3 million
FRASERS Logistics & Commercial Trust (FLCT) is set to acquire a six-storey ramp-up logistics facility in Tuas for S$140.3 million.The facility, located at 2 Tuas South Link 1, spans...
Ferrari unveils new 3.6 million euro F80 supercar
FERRARI on Thursday (Oct 17) unveiled its new limited edition supercar, which incorporates features from Endurance motor competitions and Formula one and has already sold out despite its 3.6...
Export growth lifts investor sentiment; STI up 1%
SINGAPORE shares ended higher on Thursday (Oct 17) after the release of September’s export data.The benchmark Straits Times Index (STI) was up 1 per cent or 34.63 points at...
Netflix’s 340% rally seen sputtering with sales growth past peak
AFTER a breakneck rally that added more than US$230 billion in value, Wall Street is indicating that peak Netflix may have arrived.
Shares in the streaming company soared almost 340...
Germany’s Merck open to more M&A for its Life Science division
GERMAN science and technology group Merck is open to more acquisitions for its Life Science business after announcing in May it would buy Mirus Bio for US$600 million, it...
Thai rate cut bodes well for rally in stocks, says bourse chief
Asadej Kongsiri’s optimism underscores relief in the market as a lower borrowing cost eases the pressure of a stronger bahtThe Thai central bank’s surprise rate cut is likely to...
Nestle announces restructuring, misses nine-month organic sales forecast
NESTLE announced it is revamping senior leadership and its operating structure, cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth, after failing to raise volumes amid...
Chick-fil-A announces 2025 Singapore launch in US$75 million Asia foray
AMERICAN fast food restaurant chain Chick-fil-A is opening its first restaurant in Singapore in late 2025, with plans to open two more outlets in the city state by the...
