- Sep 1: CapitaLand, Global Yellow Pages, Jasper Investments
- Global Yellow Pages acquires Wendy’s Supa Sundaes franchise for A$10 mil
- Blumont says company was not sponsor of employment pass for Soh Chee Wen
- CapitaLand appoints new CEOs for CapitaMalls Asia and CapitaLand China
- DBS Bank announces two senior management appointments
- GIC, Blue Water Energy and Blackstone invest US$500 mil in Siccar Point Energy
- Jasper Investments announces breach of payment obligation
- Croesus Retail Trust acquires One’s Mall in Tokyo for $132.5 mil
- EUR/USD Performance Charts as at 12:00p.m. Singapore time, 1/09/2014
The Daily Edge
The manager of Croesus Retail Trust said it has entered into a purchase and sale agreement to buy One’s Mall for JPY11 billion ($132.5 million). The consideration represents a 5.2% discount to the independent valuation of JPY11.6 billion.
Blumont Group has clarified in a statement to the SGX that the company is not and has not been the sponsor for any employment pass for Soh Chee Wen. Blumont was referring to the two articles titled “Hunting for the truth” which appeared in the editions of The Edge Singapore and The Edge Malaysia respectively for the week of Sept 1 to 7 2014.
DBS Bank today announced two senior management appointments. John Laurens, an industry veteran with over 30 years of banking experience, will join DBS on 10 November as Head of Global Transaction Services (GTS). Laurens will be taking over the reins from Tom McCabe, who after 18 years in Asia, will be relocating back to the US to head up the DBS franchise there.
Siccar Point Energy, the new exploration, development and production company focused on the North Sea, announced on Sunday that Singapore's sovereign fund GIC and affiliates of Blue Water Energy and Blackstone Energy Partners have agreed to lead an initial investment of up to US$500 million ($624.5 million) in the company.
The Straits Times Index (STI) on Friday ended -3.13 points lower or -0.09% to 3327.09, taking the year-to-date performance to +5.12%. The top active stocks were OCBC Bank (+0.91%), STATS ChipPAC (+13.64%), ThaiBev (+3.65%), SingTel (-0.51%) and DBS (-0.22%). Here are some stocks and factors that could move the market today:
Weekend Comment Aug 29: Hospitality trusts to get a boost from higher 2H tourist arrivals, says CIMB
TOURIST ARRIVALS IN Singapore may have shown a drop in the first half this year, but hospitality REITs remain a good sector to invest in, according to CIMB analysts in a recent report. Visitors from Mainland China, one of the fastest growing sources of travellers to the city state, fell 29.8% in...
ALTHOUGH A SLOWER pace of decline in exports in July has raised hopes that the economy might bottom out soon, the overall economic news flow has been disappointing. GDP growth slowed to 2.4% y-o-y in the second quarter,the slowest since the beginning of last year and halving from 4.8% in the first quarter....
IN RECENT MONTHS, there have been significant developments beneath the froth of bubble of China GDP figures and hot and cold PMI (Purchasing Managers’ Index) results. In a broad sense, the Chinese economy continues relatively smoothly. Growth has slowed to around the levels indicated by the government...
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The Shanghai Free Trade Zone (FTZ) is a Chinese contradiction. Critics charge that the zone has gone nowhere since its flashy announcement just a year ago. Others argue that significant progress has been made. At the time of the announcement, it was hinted that big reforms would quickly follow....