Keppel-KBS US Reit's Q3 DPU above forecast

A STABLE performance in line with its initial public offering (IPO) forecast, supported by strong leasing momentum, positive rental reversion and lower property expenses, boosted results for US office landlord Keppel-KBS US Reit in its third quarter.

Keppel-KBS US Reit posts Q3 DPU of 1.5 US cents, slightly higher than forecast

A STABLE performance in line with its initial public offering (IPO) forecast, supported by strong leasing momentum, positive rental reversion and lower property expenses, boosted results for US office landlord Keppel-KBS US Reit in its third quarter.

Lower contributions from several properties hit Keppel Reit's Q3 DPU

LOWER contributions from several properties took a toll on office landlord Keppel Reit in its third quarter.

Lower contributions from several properties hit Keppel Reit's Q3 DPU

LOWER contributions from several properties took a toll on results for office landlord Keppel Reit in its third quarter.

Sembcorp starts commercial operation of 225-MW Myanmar power plant

SEMBCORP Industries on Wednesday announced that its 225-megawatt gas-fired Sembcorp Myingyan Independent Power Plant (IPP) in Mandalay, Myanmar, has successfully commenced full commercial operation following its first phase operation in May this year.
HOCK LOCK SIEW

Bowsprit deal benefits buyers more than seller

THE recent lateral shift in the ownership of First Reit's manager, Bowsprit Capital, from Lippo Karawaci to OUE and OUE Lippo Healthcare (OUELH) may benefit the buyers more than the vendor...

China Jinjiang, local govt sign compensation deal over facility closure

CHINA Jinjiang Environment on Wednesday said that its wholly-owned subsidiary, Hangzhou Yuhang Jinjiang Environment Energy, has signed a compensation agreement with the local government to receive a compensation of 289.8 million renminbi (S$57.5 million), following negotiations over the closure of...

China Jinjiang unit signs compensation deal with local government over facility closure

CHINA Jinjiang Environment on Wednesday said that its wholly owned subsidiary, Hangzhou Yuhang Jinjiang Environment Energy, has signed a compensation agreement with the local government to receive a compensation of 289.8 million yuan (S$57.5 million), following negotiations over the closure of a...
CORPORATE GOVERNANCE

BT journalists win accolades at Sias awards

THE Business Times' Angela Tan has topped this year's financial journalism honours at the Securities Investors' Association of Singapore's (Sias) Investors' Choice Awards 2018. ...

Central non-public beneficial ownership register in the works

TAKING a leaf from the pages of new European regulations, the Ministry of Finance (MOF) and the Accounting and Corporate Regulatory Authority (Acra) will be exploring the setting-up of a central non-public beneficial ownership register for companies and limited liability partnerships.

Resolving issues in the boardroom, not courtroom

THE Securities Investors Association (Singapore) as a shareholder activist group does not "kick doors, bang tables, or carry placards shouting slogans" like Western activists. Instead, it opts for more amicable ways of resolving conflicts such as by sitting down with company boards,...

Easy money in China, Japan bodes well for real estate investments

"EASY money" has wound up inflating asset prices, including property, in recent years so much that its imminent reversal - with many countries beginning to tighten monetary policy - will hit property investments hard...

Straits Trading expands into logistics sector in Australia

THE Straits Trading Company (STC) is expanding its presence Down Under by setting up a joint venture with Australian property development and investment management business Commercial & General to develop, own and manage logistics properties and ancillary business space.

CapitaLand expands into multifamily homes with US$835m buy

CAPITALAND is adding multifamily apartments as a new asset class to its portfolio with its maiden acquisition of 16 properties in the United States for US$835 million.

HSBC to move HQ to Marina Bay Financial Centre from 2020

HSBC Singapore will be relocating its head office from its current premises at HSBC Building, 21 Collyer Quay, to Marina Bay Financial Centre (MBFC) Tower 2 from April 2020 to accommodate the company's rapid growth plans...

HSBC Singapore to relocate to Marina Bay Financial Centre in 2020

HSBC Singapore on Thursday announced that it will be relocating its head office to Marina Bay Financial Centre (MBFC) Tower 2 from its current premises at HSBC Building to accommodate the company’s rapid growth plans.

Low Keng Huat's Q2 earnings soar to S$4.2m

HIGHER profits from development more than offset lower profits from investment at Low Keng Huat, giving the developer a sharp lift in its results for the second quarter.

Low Keng Huat Q2 earnings jumps more than eightfold to S$4.2m

HIGHER profits from its development segment, offset by lower profits at its investment segment, gave a lift to results for Low Keng Huat in its second quarter.
HOCK LOCK SIEW

Takeover mechanisms matter in privatisation offers

AT Vard Holdings' extraordinary general meeting (EGM) in July, a number of shareholders - including some veterans - asked why the offeror, Italian shipbuilder Fincantieri Oil & Gas, could not "collect shares" from the market and only "compulsorily acquire" the company...
BT EXCLUSIVE: 10 YEARS AFTER LEHMAN

A decade on, Great Recession's ghost still haunting markets

A DECADE after Lehman Brothers' 2008 bankruptcy, the fallout from the Great Recession continues to threaten today's financial markets...

First study on impact of declining HDB leases seen leaving out too many factors

WHAT'S said to be the first attempt to quantify the price impact of declining leases on HDB flats has drawn criticism that the study ignores too many of the factors that operate in the Singapore property market. ...
HOCK LOCK SIEW

To revive their fortunes, precision engineering firms need to diversify

A HANDFUL of Singapore-listed precision engineering companies have been stuck in a rut over the years, with the decline in hard disk drive manufacturing. But some are reinventing themselves by diversifying into new products and even industries.
TOPLINE

Miyoshi counting on next-gen tech

AFTER its business took a hit when the hard disk drives that used to make up the bulk of its profits were phased out, metalmaker Miyoshi is now staking its future on next-generation technology.

AsiaMedic's LuyeEllium purchase deal lapses

CLINICAL services provider AsiaMedic said on Sunday that its sales and purchase agreement (SPA) to acquire LuyeEllium Healthcare Co has lapsed.

Imperium Crown unit to build theme park with Sim Leisure

IMPERIUM Crown on Sunday said its subsidiary, Fei County Wonder Stone Characteristic Town Development, has signed a non-binding memorandum of understanding (MOU) with Sim Leisure Group (SLG) to collaborate to build Escape Theme Park at its Wonder Stone Park in Shandong, China.