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Banking & finance

Singapore's bank lending slowed for the sixth month in August

August marks the sixth month of decline in Singapore’s bank lending as both business and consumer loans took a hit from the weakness in the economy.

REITs

EC World Asset Management appoints new CFO

EC World Asset Management, the manager of EC World REIT, has announced the appointment of Wang Feng as their new Chief Financial Officer. 

Property

Hong Leong Asia subsidiary disposes China asset for $28.3 mil

Hong Leong Asia’s subsidiary Airwell Air-Conditioning Technology (China) Co. has divested its asset in Taicang, China, for a total cash consideration of RMB141 million ($28.3 million).

Fintech

Wirecard to cease payment services in Singapore: MAS

The Monetary Authority of Singapore (MAS) has directed Wirecard entities in Singapore to cease their payment services on September 30.

REITs

S&P Global Ratings gives CapitaLand Mall Trust 'A-' rating

S&P Global Ratings has given CapitaLand Mall Trust (CMT) an 'A-' long-term issuer credit rating to the REIT on September 30.

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