Grade A office leasing in Singapore 'sluggish' in Q3: Cushman & Wakefield

LEASING activity for Grade A offices in Singapore came to a halt during the "circuit-breaker" period and remained sluggish during the third quarter this year, according to a press statement by Cushman & Wakefield (C&W) on Tuesday.

Starhill Global Reit obtains S$40m revolving credit facility from UOB

STARHILL Global Real Estate Investment Trust (Starhill Global Reit) has obtained a three-year unsecured and committed revolving credit facility of S$40 million from UOB, its manager announced on Monday evening.

DBS, StanChart lead industry workgroup to develop Trade Finance Registry pilot

LOCAL lender DBS and Standard Chartered have jointly led a workgroup of 12 other banks to create and conduct a proof-of-concept (POC) for a digital Trade Finance Registry (TFR).

Phillip SGD money market ETF debuts on SGX with initial AUM of S$100m

THE first Singapore-domiciled money market exchange-traded fund (ETF) started trading on the Singapore bourse on Monday with S$100 million in initial assets under management.

Data analytics firm GeoSpock raises US$5.4m in funding

GEOSPOCK, a Big Data analytics firm based in Cambridge, the UK, on Monday said it has raised US$5.4 million in additional funding to accelerate the development and adoption of its database technology.

Singapore Airlines launches digital version of Star Alliance Connection Service

SINGAPORE Airlines (SIA) has become the launch airline for the digital version of the Star Alliance Connection Service, used to facilitate time-critical flight connections between Star Alliance member airlines.

Phillip SGD money market ETF debuts on SGX with initial AUM of S$100m

THE first Singapore-domiciled money market exchange-traded fund (ETF) started trading on Monday with S$100 million in initial assets under management (AUM), the Singapore Exchange (SGX) said.

BT EXCLUSIVE

More are checking into hotels - for work

WITH Covid-19 profoundly reworking the office concept, hotel operators have moved to selling flexible workspace in recent months for employees not yet able to head back to the office. Hotel operators told The Business Times (BT) that they have seen a good take-up for their work-from-hotel...

CPF members to get higher sum assured, increased coverage for DPS

FROM next April, Central Provident Fund (CPF) members aged below 55 under the Dependants' Protection Scheme (DPS) will pay lower premiums in return for a higher sum assured.

Moody's downgrades CMT to A3, and upgrades CCT to Baa1

MOODY'S Investors Service has downgraded its ratings on CapitaLand Mall Trust (CMT) and upgraded those of CapitaLand Commercial Trust (CCT), days after unitholders voted in favour of a merger of the two trusts.

Fintech startup RootAnt bags nearly US$1.5m in seed funding

SINGAPORE-HEADQUARTERED fintech startup RootAnt has bagged almost US$1.5 million in a seed funding round led by Linear Capital and with co-investor KZM & Company Group.

CPF members to get higher sum assured, increased coverage for Dependants' Protection Scheme

FROM next April, Central Provident Fund (CPF) members under the Dependants' Protection Scheme (DPS) will get a higher sum assured of S$70,000, up from S$46,000 at "more attractive premiums", CPF said in a press statement on Friday.

Singapore shares slip at Friday's open; STI down 0.1%

SINGAPORE shares were little changed at Friday's open after a strong showing on Thursday, buoyed by optimistic data releases including positive China data and a modest improvement in August's international visitor numbers in Singapore.

Moody's downgrades CMT to A3; upgrades CCT to Baa1

MOODY'S Investors Service has downgraded the issuer and senior unsecured ratings of CapitaLand Mall Trust (CMT) to A3 from A2, while upgrading the issuer rating of CapitaLand Commercial Trust (CCT) to Baa1 from Baa2.

Incoming Singtel CEO Yuen Kuan Moon seen as 'rational' pick

THE promotion of Singtel's Singapore consumer head to group chief executive is expected to keep the mainboard-listed telco in steady hands after Chua Sock Koong steps down.

Teckwah privatisation offer turns unconditional

AN offer made by Clementine Investments to take Teckwah Industrial Corporation private has turned unconditional, the mainboard-listed packaging, printing and logistics company said in a bourse filing on Wednesday night.

Singapore Tourism Board eyes 'cruises to nowhere' restart, new safety guidelines

A NEW cruise certification benchmarked against global health safety and hygiene standards is in the works, as “cruise to nowhere” sailings out of Singapore are set to resume.

Singapore shares advance at Thursday's open; STI up 0.5%

SINGAPORE shares were pulled into positive territory on Thursday, with the benchmark Straits Times Index (STI) gaining 12.45 points or 0.5 per cent to 2,479.07 as at 9am.

Singtel's group CEO Chua Sock Koong to retire; Yuen Kuan Moon to take over

TELCO Singapore Telecommunications (Singtel) on Thursday said its group chief executive officer (CEO) Chua Sock Koong will retire on Jan 1 next year.

BROKERS' TAKE

Analysts, investors cheer Keppel's O&M review

UPDATES provided by Singapore conglomerate Keppel Corp at a media and analyst briefing on Tuesday were well-received by analysts and investors. After touching the day's high of S$4.58, Keppel shares finished at S$4.45 on Wednesday, up S$0.15 or 3.5 per cent,.

Singapore's electricity tariffs to rise 1.83 S cents per kWh in Q4

ELECTRICITY tariffs will rise by an average of 1.83 Singapore cents per kilowatt hour (kWh) for the period Oct 1 to Dec 31, as compared with the previous quarter, national grid power operator SP Group said on Wednesday.

Electricity tariffs to rise 1.83c per kWh or 9.3% in Q4 on higher energy costs: SP Group

ELECTRICITY tariffs will rise by an average of 1.83 Singapore cents per kilowatt hour (kWh) for the period Oct 1 to Dec 31, as compared with the previous quarter, national grid power operator SP Group said on Wednesday.

Brokers' take: DBS upgrades Keppel to 'buy', says O&M review could restore confidence

DBS Group Research has upgraded Keppel Corp to "buy" from "hold" following its recent price correction and given that the strategic review of its offshore and marine (O&M) arm will "shine some light at the end of the tunnel".

Stocks to watch: Keppel, DBS, Singapore Airlines, CCT, CMT, Teckwah

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

URA clampdown on option re-issue may have some cooling effect on property market

THE Urban Redevelopment Authority (URA) has curbed private housing developers from re-issuing the option to purchase (OTP) to the same buyers of the same unit with immediate effect, amid worries that "financial discipline" is slackening despite the recession.