Results
SPH REIT's 2Q DPU plunges 79% to 0.3 cent as Covid-19 uncertainties loom
SINGAPORE (Apr 1): SPH REIT has reported distribution per unit (DPU) of 0.3 cent for 2QFY2020 ended February, some 78.7% lower than DPU of 1.41 cents for the corresponding quarter last year.
CoVid-19
Businesses could soon get temporary relief from legal penalties for failing to meet contractual obligations
SINGAPORE (Apr 1): Businesses unable to fulfil their contractual obligations as a result of Covid-19 may soon enjoy temporary relief from the legal penalties.
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CoVid-19
Sen Yue to delay completion of new smelting facility to end-June on Covid-19 disruption
SINGAPORE (Apr 1): Since it obtained approval from the National Environment Agency (NEA) in 2019 to conduct smelting operations, waste management firm Sen Yue Holdings has been looking to the new f
Broker's Calls
TalkMed talks the talk, but can it walk the walk?
SINGAPORE (Apr 1): RHB is keeping its “buy” recommendation on TalkMed with a lowered target price of 53 cents from 62 cents previously.
CoVid-19
Southeast Asian central banks coordinating efforts, Indonesia Governor says
(Apr 1): Officials from leading Southeast Asian central banks have agreed to coordinate efforts to boost their economies, all struggling under the blow from the coronavirus pandemic.
REITs
Ascendas REIT acquires 25% stake in business park property Galaxis for $102.9 mil
SINGAPORE (Mar 31): Ascendas Real Estate Investment Trust (Ascendas REIT) has acquired a 25% stake in business park property Galaxis for $102.9 million, the manager announced Tuesday.
CoVid-19
Finance industry rides to the rescue as Covid-19 crisis deepens; freezes mortgage, SME loan payments
SINGAPORE (Mar 31): In light of the growing severity of the global Covid-19 pandemic, the Monetary Authority of Singapore (MAS) has teamed up the Singapore finance industry to introduce a package o
