Australia

Covid-19

Australia keen for Singapore travel lane, trade minister says

Tehan said international students, working-holiday visa holders, and agricultural workers may be welcomed back before Christmas.

Company in the news

Crown has two years to clean up or lose its Melbourne casino

The company avoided the worst possible outcome - an immediate loss of the Melbourne license.

Environmental, Social and Governance

A A$30 billion plan to export solar power from Australia to Singapore clears key hurdle

The company plans to supply enough power to meet 15% of Singapore’s demand from a solar and battery complex deep in Australia
Singtel’s Optus acquires high-band 5G spectrum for A$226 mil - THE EDGE SINGAPORE

Telecommunications

Singtel’s Optus acquires high-band 5G spectrum for A$226 mil

The new licenses in the 26GHz spectrum band will support Optus' 5G network in Australia.
With assets Down Under in demand, MLT plans up  to $1 billion in acquisitions despite missing out - THE EDGE SINGAPORE

REITs

With assets Down Under in demand, MLT plans up to $1 billion in acquisitions despite missing out

Logistics assets in Australia are much in demand given the competition for the portfolio acquired by ESR and GIC
'Buy' Parkway Life REIT to ride upside on once-in-15 years opportunity: DBS - THE EDGE SINGAPORE

Broker's Calls

'Buy' Parkway Life REIT to ride upside on once-in-15 years opportunity: DBS

The renewal of the master lease for its Singapore hospitals could deliver possible DPU upside of 7% - 23%, says DBS.
Frasers Property obtains A$300 mil sustainability-linked loan in Australia - THE EDGE SINGAPORE

Sustainability

Frasers Property obtains A$300 mil sustainability-linked loan in Australia

The loan marks Frasers Property’s fifteenth green and sustainability-linked financing.
ST Engineering enters Australian rail market with Queensland contract win - THE EDGE SINGAPORE

Contracts

ST Engineering enters Australian rail market with Queensland contract win

The company has won a contract to supply platform screen doors for Queensland’s Cross River Rail.
UOB Kay Hian upgrades CSE Global to 'buy' on rising oil prices, attractive yield - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian upgrades CSE Global to 'buy' on rising oil prices, attractive yield

UOB Kay Hian expects CSE to maintain FY21 DPS at 2.75 cents, translating to an "above average" yield of 5.1%.

Covid-19

New Zealand and Australia to open quarantine-free travel corridor on April 19

The travel bubble will restore unrestricted, two-way travel between the two neighbours for the first time since Covid-19.
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