A-Reit to add Sydney logistics property to its portfolio

THE Manager of Ascendas Real Estate Investment Trust (A-Reit) on Wednesday announced an agreement to buy a new logistics property in Sydney, Australia for A$23.5 million (S$21.1 million). The acquisition will be accretive to A-Reit's distribution per unit.

SPH Reit proposes DPU of 0.5 cents for Q3FY20

SPH Reit has proposed a distribution of 0.5 cent per unit for the third quarter of FY2020, which ended on May 31. The record date for the distribution is July 9, and the payment date, Aug 18.

A-Reit to add Sydney logistics property to its portfolio

THE manager of Ascendas Real Estate Investment Trust (A-Reit) on Wednesday announced an agreement to buy a new logistics property in Sydney, Australia, for A$23.5 million (S$21.1 million). The acquisition will be accretive to A-Reit’s distribution per unit.

HOCK LOCK SIEW

ESG investing is building resistance to layoffs

WITH Singapore in Phase 2 of its reopening, companies can now better gauge the extent of the pandemic's impact on their industries and business models and how they will need to restructure.

HOCK LOCK SIEW

Two As for the Covid-hit company: adapt quickly and announce more

A READER of The Business Times recently wrote to say he was surprised by an article in which Infocomm Media Development Authority (IMDA) chief executive Tan Kiat How was quoted as saying that there has been a "slight degradation" of Internet services, but that "things are coming to normal".

MARKETS

Optimism holding up despite dismal US jobs data

ECONOMIC concerns continued to mount over the past week as the US announced on Friday last week a record unemployment rate of 14.7 per cent for the month of April.

COMMENTARY

Landlords will become kingmakers; and local brands could benefit

JOSH Leong, co-founder of local shoemaker Palola, moved his business to CityLink Mall in January, just weeks before the authorities began implementing increasingly tough measures to curb the spread of Covid-19.

Regulators allow rights, takeover documents to disseminate electronically till Sept 30

THE Monetary Authority of Singapore, the Securities Industry Council and the Singapore Exchange Regulation on Wednesday introduced measures that allow companies to temporarily do away with hardcopy offer documents for rights issues and takeover or merger transactions.

HOCK LOCK SIEW

Investors focused on value could miss out on new growth plays

THE 21 per cent decline in the Straits Times Index (STI) this year belies strong buying activity among retail investors. The STI currently has a price-to-earnings ratio of about 10 times, and a price-to-book ratio of around 90 per cent. The last time the market was valued this cheaply was during...

BT EXCLUSIVE

Insolvencies at new high as UK economy takes hit from Brexit

BABY goods retailer Mothercare may have celebrated the opening of two new stores in Singapore last year, but the British brand is preparing to shut the doors of its UK outlets.

High business costs, inefficient schemes hamper key UK sectors

THE UK business environment has been particularly tough in sectors such as retail, casual dining and automotive.

OUTLOOK 2020

Pound sterling surge: Calm before the Brexit storm?

BRITISH Prime Minister Boris Johnson's convincing electoral win has set a path forward for British businesses in the short term. At a minimum, there is now some certainty that the UK will leave the European Union (EU) - and soon.

DIGITAL BANKING

Lessons from Britain's digital banking experience

JOSH Longhurst has a savings account with the British bank Nationwide Building Society that pays him 5 per cent per annum on up to £2,500 (S$4,250) of his balance.

THE BROAD VIEW

Challenging the conventional notion of meritocracy

A RECENT article by BT journalist Marissa Lee highlighted the growing anxiety about inequality. It cited a poll by Blackbox Research, which found that seven in 10 Singaporeans believe income inequality has worsened in the last five years.