Apac AUM to hit almost US$30t by 2025, beating out global regions: PwC

BY 2025, the amount of assets under management (AUM) in the Asia-Pacific is set to outpace any other region globally, and almost double that from 2017, according to a report released by PwC on Tuesday.

Keppel-SPH joint venture stands pat on offer price for M1, extends offer closing date

THE joint venture (JV) company of Keppel Corp and Singapore Press Holdings (SPH) has announced that it will not raise the S$2.06 offer it has made for each share in M1 that it does not already own.

Oxley unit to sell off Dublin properties for 204m euros

A SUBSIDIARY of property developer Oxley Holdings has entered into an agreement with Ireland's central bank to sell off two blocks of buildings in Dublin for 204 million euros (S$315 million), subject to finalisation of the properties' net floor area. ...

AUM in Asia-Pacific to hit almost US$30 trillion by 2025, outpacing global regions: PwC

BY 2025, assets under management (AUM) in the Asia-Pacific is set to outpace any other region globally, and almost double that from 2017, according to a report released by PwC on Tuesday. 

Singapore shares open lower on Tuesday; STI down 0.1% to 3,216.59

SINGAPORE stocks inched slightly lower on Tuesday, with the Straits Times Index retreating 3.97 points, or 0.12 per cent to 3,216.59 as at 9am.

Stocks to watch: Vibrant, M1, Soilbuild Reit, Mapletree Logistics Trust, Keppel Reit

THE following companies saw new developments that may affect trading of their shares on Tuesday:

Keppel, SPH JV firm says no increase in offer price for M1 shares; extends offer closing date

KEPPEL Corp and Singapore Press Holdings (SPH) joint venture (JV) company, Konnectivity, has announced that there will be no increase in its offer price of S$2.06 per M1 share they do not already own, and extended the closing date of its offer by at least two weeks. 

Big deals bump Ascott portfolio to over 100,000 units globally

CAPITALAND'S serviced residence arm, The Ascott, has secured contracts for 26 properties with over 4,600 units across 11 countries, the group announced on Monday morning. ...

Elizabeth Towers up for en bloc sale again at reserve price of S$610m

ELIZABETH Towers, a freehold high-rise residential redevelopment site off Orchard Road, has been relaunched for sale by tender by marketing agent Knight Frank Singapore.

Elizabeth Towers off Orchard Road up for sale by tender with S$610m reserve price

ELIZABETH Towers, a freehold high-rise residential redevelopment site off Orchard Road, has been launched for sale by tender by marketing agent Knight Frank Singapore.

Colliers names Rick Thomas as head of occupier services in Singapore

COLLIERS International has appointed Rick Thomas to take on the newly created role of head of occupier services in Singapore with immediate effect, the commercial real estate services firm announced on Monday. 

Singapore stocks: STI resumes Monday afternoon at 3,240.26, up 0.5% on day

SINGAPORE shares resumed afternoon trading in positive territory on Monday, with the Straits Times Index gaining 15.92 points or 0.5 per cent to 3,240.26 as at 1.02pm.

Ascott's lodging portfolio crosses 100,000 units globally with bumper signing of deals

CAPITALAND's serviced residence arm, The Ascott, has secured contracts for 26 properties with over 4,600 units across 11 countries, the group announced on Monday morning. ...

Singapore shares open higher on Monday; STI up 0.3% to 3,233.51

SINGAPORE stocks opened higher on Monday, with the Straits Times Index advancing 9.17 points, or 0.3 per cent to 3,233.51 as at 9.01am.

Stocks to watch: Frasers Centrepoint Trust, MMP Resources, Rich Capital, FSL Trust

THE following companies saw new developments that may affect trading of their shares on Monday:

MMP Resources engages bank as adviser to raise US$30m

MMP RESOURCES has engaged a banking institution in Singapore as the firm's financing and capital markets adviser to raise some US$30 million, the construction company said in a regulatory filing on Monday. ...

Tech firm WWT looks to Asia-Pacific for expansion

US-BASED systems integrator World Wide Technology (WWT) has set its sights on the Asia-Pacific (Apac) region, and is looking to ramp up its digital hires in Singapore this year.

Sunvic Chemical to ask for trading halt after receiving demand over 222.5m yuan in loans

THE board of Sunvic Chemical Holdings on Friday said it will request that Singapore Exchange suspend the trading of its shares from Jan 14, 2019.

Enhanced 99sme.sg portal gives Singapore SMEs extra help in omni-channel capabilities

SMALL and medium-sized enterprises (SMEs) in Singapore can now use the enhanced 99%SME website to access business insights, last-mile delivery options, and stronger customer engagement features, said Singtel, DBS and the Infocomm Media Development Authority (IMDA) in a joint statement on Friday.

Broker's take: OCBC downgrades SATS to 'hold'

OCBC Investment Research has downgraded its rating on SATS from "buy" to "hold" with a fair value estimate of S$5.23 from S$5.34 previously, on the back of limited upside following the counter's recent price appreciation. ...

Sunvic Chemical: Two units receive letters of demand totalling 222.5m yuan

SUNVIC Chemical Holdings on Thursday said two of its subsidiaries have received letters of demand in relation to corporate guarantees provided for loans amounting to some 222.5 million yuan (S$44.3 million).  
BUDGET WISH LIST

EY calls for fintech tax perk, R&D incentives for SMEs

A FINTECH tax incentive, new R&D (research and development) incentives for SMEs (small- and medium-sized enterprises), and tax deductions for healthcare expenses are among Ernst & Young's (EY) Budget 2019 recommendations, released in a report on Thursday. ...

ASL Marine plans informal clinics to drum up support for debt extension

ASL Marine will be holding a series of informal clinics for bondholders next week as it seeks consent for certain waivers and acceptances.

EY's Budget wish list: Fintech tax incentive, R&D perks for SMEs, tax cuts for medical costs

A FINTECH tax incentive, new R&D (research and development) incentives for SMEs (small and medium-sized enterprises), and tax deductions for healthcare expenses are among Ernst & Young's (EY) Budget 2019 recommendations, released in a report on Thursday. ...

Scoot starts sale of Singapore-Laos flights from S$88 for one-way ticket

SCOOT has launched sale of its direct Singapore-Laos flights with one-way all-in tickets starting from S$88, the budget arm of Singapore Airlines announced on Thursday.