GIC Singapore

GIC-ESR Cayman jointly acquire Australian logistics properties worth A$3.77 billion - THE EDGE SINGAPORE

Property

GIC-ESR Cayman jointly acquire Australian logistics properties worth A$3.77 billion

GIC and ESR Cayman have formed an 80-20 joint venture to acquire a portfolio of industrial and logistics real estate assets in Australia for A$3.8 billion ($3.92 billion), in what has been describe

Briefs: Grab mulls US IPO, Singapore's GDP forecast for 2021, Biden's US$1.9 trillion Covid-19 bill - THE EDGE SINGAPORE

Global Economy

Briefs: Grab mulls US IPO, Singapore's GDP forecast for 2021, Biden's US$1.9 trillion Covid-19 bill

Quoteworthy: "Client demand is rising. We are regulated on what we can do. We continue to evaluate it ...

Disruption and Digitalisation

Lender backed by Gojek and GIC to offer banking services through mobile app in Indonesia in March

Bank Jago will begin offering some banking services via mobile app this month before extending full-fledged products including loans, securing early-mover advantage in Indonesia’s booming digital b

Company in the news

GIC to buy US$2.05 bil minority stake in Duke Energy Corp unit

Singapore’s sovereign wealth fund, GIC, agreed to buy a US$2.05 billion ($2.72 billion) minority stake in a Duke Energy Corp.

GIC and ESR establish US$750 mil joint venture to develop and acquire industrial and logistics assets in India - THE EDGE SINGAPORE

Deals, joint ventures & alliances

GIC and ESR establish US$750 mil joint venture to develop and acquire industrial and logistics assets in India

Singapore’s sovereign wealth fund GIC and ESR Cayman Limited have, on Dec 22, entered into an 80:20 strategic partnership.

IPO

GIC plans to invest over US$1 bil in Ant's IPO

Singapore’s sovereign wealth fund GIC Pte plans to invest more than US$1 billion ($1.36 billion) in Ant Group’s mega initial public offering as early investors look for a bigger slice of the Chines

Global Economy

Here’s what investors with US$3.4 trillion are buying during Covid

Oil pipelines, hotels, convenience stores and automaker bonds are among the assets being bought by some of the world’s biggest asset managers as they look for value in a world thrown into turmoil b

Medtech

GIC joins consortium to invest US$418 mil in biopharmaceutical company I-MAB

Singapore’s sovereign wealth fund, GIC, has joined a consortium of investors to invest US$418 million ($570.2 million), in clinical stage biopharmaceutical company I-MAB.

Results

Yanlord reports higher revenue but lower profit for 1HFY20

China-based developer Yanlord Land Group has reported higher revenue for 1HFY20. However, because it was selling a less profitable mix of projects, earnings for the same period dropped instead.

Global Economy

Briefs

Quoteworthy: "Lately US law enforcement has been busy hyping up the so-called China infiltration and espionage issues to the point of paranoia."

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