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Singapore's sovereign wealth fund GIC has acquired P3 Logistic Parks, a leading specialist pan-European owner, developer and manager of logistics properties, for 2.4 billion euros (S$3.7 billion), making it the largest European real estate transaction this year.

GIC acquires pan-European logistics firm P3 for 2.4b euros

Singapore's sovereign wealth fund GIC has acquired P3 Logistic Parks, a leading specialist pan-European owner, developer and manager of logistics properties, for 2.4 billion euros (S$3.7 billion), making it the largest European real estate transaction this year.


Former NTUC Income broker made over US$4m from 1MDB-linked deals

Former head of agency distribution at NTUC Income Samuel Goh Sze-Wei, a key figure in the trial of former BSI banker Yeo Jiawei, said on Monday that he received more than US$4 million for his role as Yeo's partner in kickback deals linked to scandal-hit state fund 1Malaysia Development Berhad (1MDB).

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Market voices on:


Tiger Airways to be delisted from SGX on Nov 8

The budget carrier, whose delisting follows its privatisation by Singapore Airlines, said it has fully redeemed the S$219.7 million 2 per cent perpetual convertible capital securities as at Nov 7.


Brokers' take: DBS Group Research downgrades SIA to 'hold'

DBS Group Research has downgraded Singapore Airlines (SIA) from "buy" to "hold" following the release of the airline's Q2 FY16/17 results last week, citing a patchy outlook for the next few quarters.


MOH to monitor situation on managed care providers and TPAs

The Ministry of Health (MOH) will monitor the situation on managed care providers and third party administrators (TPAs) and, where necessary, "will not hesitate to take further steps to protect the interests and well-being of patients" and safeguard the integrity of Singapore's healthcare system.


Corporate Earnings


The STI Today 

Singapore shares finish higher after FBI clears Clinton

News that the FBI has cleared US Democratic presidential candidate Hillary Clinton of criminal wrongdoing over her use of a private email server sent the Dow futures shooting up 200 points and pushed the Straits Times Index up 27 points to an intraday high of 2,815 on Monday.

 

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