Courts Asia unit acquires Jakarta building, cancels 2 megastore leases in Indonesia

COURTS Asia's wholly-owned subsidiary, PT Courts Retail Indonesia (PTCRI), has acquired the KHI Building in Jakarta, Indonesia, from PT Garwita Sentra Utama for around 97.56 billion rupiah (S$9.36 million)....

All together now: The growing co-living scene in Singapore

THERE used to be a time when conventional wisdom warned against getting into a car with a stranger. But in an age where the likes of Grab and WeWork have transformed social norms, living with strangers is a concept that's started to gain traction too. Of course, co-living isn't new to...

CapBridge's 1exchange gets MAS nod to operate as one of Singapore's first private securities exchanges

GLOBAL private capital platform CapBridge has received approval from the Monetary Authority of Singapore (MAS) for its associated entity, CapBridge Platform, to operate a securities exchange as a recognised market operator (RMO) in Singapore.

IHH Q2 net profit down 48% on absence of one-off gain

PRIVATE healthcare provider IHH Healthcare's second-quarter net profit fell 48 per cent to RM165.11 million (S$54.9 million) in the absence of a one-off divestment gain that was chalked up in the corresponding quarter a year ago.

Startup Travelstop pulls in US$1.2m in seed funding

SINGAPORE-based startup Travelstop has raised US$1.2 million (S$1.65 million) from investors, led by SeedPlus, a venture capital firm in Singapore, and a travel-focused one in the US.

CIMB becomes member of United Nations initiative for responsible banking

CIMB Group Holdings has become a member of the United Nations’ (UN) Environment Programme Finance Initiative Principles for Responsible Banking (UNEP-FI), making it the only banking group in Asean to be a founding member of the sustainable initiative. 

Lum Chang joint venture to sell part of stake in UK freehold land for £28.14m

LUM Chang Holdings' joint venture company Kelaty Propco (KPL) has entered into a sale and purchase agreement with Kelaty House Wembley to sell part of its interest in a freehold site in London for £28.14 million (S$49.25 million)....

Controlling shareholder of Chew's Group enters into conditional agreement to sell stake

THE controlling shareholder of fresh egg producer Chew's Group, Fenghe Investment Holding, has entered into a conditional sale and purchase agreement (SPA) with Goldhill Trust to sell its 68.14 per cent stake in Chew's for S$12.13 million.