Michelle Zhu

CORRESPONDENT

Michelle Zhu is a correspondent at BT’s breaking news desk. She was previously at The Edge Singapore, and is a graduate of the National University of Singapore majoring in communications and new media.

michellezhu@sph.com.sg

@MichZhuBT

New Tech Park at 151 Lorong Chuan, an asset in Sabana Reit's portfolio. The Reit's sponsor, ESR Group, is seeking to hold the Reit's upcoming extraordinary general meeting in abeyance.

ESR attempts to suspend Sabana Reit’s May 24 EGM

The meeting is to be held by Sabana’s external manager to consider resolutions raised by activist investor Quarz Capital and four other unitholders of the Reit

Ray Farris joins Prudential from Credit Suisse, where he spent 22 years in various leadership roles.

Credit Suisse’s Ray Farris named Prudential’s first chief economist

He has led research in economics, markets and policy across three continents over the course of his career so far

Prof Cheong Koon Hean is a professor of practice at the Singapore University of Technology and Design.

Former HDB chief Cheong Koon Hean joins Surbana Jurong’s board

Other members include former politician Prof Yaacob Ibrahim and present Member of Parliament Desmond Choo

Mapletree Logistics Trust is divesting a property in Malaysia for RM31.5 million (S$9.6 million).

Stocks to watch: Mapletree Logistics Trust, CSE Global

THE following companies saw new developments that may affect the trading of their securities on Monday (Jan 6):

Across the broader market, gainers firmly outweigh losers 349 to 178, with one billion securities worth S$869.7 million changing hands

Singapore stocks struggle for direction on Friday; STI up 0.03%

Seatrium was top gainer and most actively transacted counter in terms of volume on benchmark index

The introduction of the new models to the company's taxi fleet will enable drivers to benefit from higher fares, says Tommy Tan, CDG Taxi’s CEO.

ComfortDelGro adds Toyota Alphard Hybrid models to limousine taxi fleet

Move is said to align with the growing demand for premium transportation services

The plant will be built on a greenfield site on Jurong Island.

PacificLight to build S$1b hydrogen-ready power plant by 2029

It will include a large-scale battery energy storage system

The forecast decline in IReit's DPU is mainly from the loss of its top tenant at Berlin Campus.

BROKERS’ TAKE

RHB cuts IReit target to S$0.34; flags potential privatisation on further unit price declines

The research house forecasts FY2025 DPU to decline by 34% year on year

The latest tourism data from UN Tourism indicates that tourist arrival numbers in most regions have already surpassed those of 2019 – the year before the Covid pandemic when travel was shut down.

‘Bleisure’ accommodation and more – 4 travel trends to watch in 2025

Travellers will want more varied accommodation options and eco-centric experiences; medical tourism is primed to do well

On the Singapore Exchange, gainers outnumber losers 63 to 40.

Singapore stocks start the year higher; STI up 0.2% on Thursday

SINGAPORE equities ushered in the New Year on a high note, rising at the opening bell on Thursday (Jan 2).

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