Raphael Lim

Raphael Lim

Raphael Lim is a correspondent with The Business Times, covering listed companies and Reits. He has over seven years of experience spanning across journalism and financial regulation. Prior to joining BT in 2020, Raphael worked at the Monetary Authority of Singapore supervising fund managers. He is a CFA charterholder, and graduated from Nanyang Technological University with a double major in Communication and Economics.

Mapletree Logistics Trust recorded positive rental reversions in all markets except China.
REIT WATCH

S-Reits rebound from early April sell-off

They may offer investors some shelter, given their weak correlation with US and global equities

Vito Xu, Chairman, Sasseur Reit
TOPLINE

Sasseur Reit focuses on operational resilience, financial prudence to ride out sector headwinds

It aims to build a robust internal corporate culture that prepares the group and employees for the intense competition in the future

Best World announced last month its exit offer by way of a selective capital reduction as it seeks to delist the company.

Best World raises exit offer price to S$2.56 per share in final offer

Company decided on the move after a review of its most recent financial and cash position

A final dividend of S$0.005 per share was proposed, similar to the final dividend a year earlier. However, there was no special dividend of S$0.01 per share, unlike the previous financial year.

Stamford Land H2 net profit falls 88.9% on absence of disposal gains

Revenue for the six months was up 2.8% to S$83.8 million

New Tech Park, at 151 Lorong Chuan, is an asset in Sabana Reit's portfolio.

Sabana internalisation requires trust deed amendment, but court bars ESR from voting

The court ruling will likely provide greater clarity for Sabana Reit’s unitholders

New Tech Park, at 151 Lorong Chuan, is an asset in Sabana Reit's portfolio.

Sabana Reit’s May 24 EGM to be postponed

Further announcements concerning the postponed meeting would be made in due course

Jardine Matheson unit Astra International reported a 5 per cent decline in underlying earnings for Q1.

Jardine Matheson Q1 performance similar y-o-y; lower full-year profit expected

JARDINE Matheson Holdings on Thursday (May 23) reported that the performance of its businesses in the first quarter of 2024 was similar...

LMIRT announced on May 8 it would commence an offer for holders of its 7.25 per cent senior notes due 2024 to exchange it for senior notes due 2026. Fitch has downgraded the issuer following the offer.

Fitch Ratings downgrades LMIRT to ‘C’ following exchange offer

LMIRT’s senior secured notes are also downgraded and given a recovery rating of ‘RR4’

Over S$200 million of Lin Baoying's (right) assets have been seized, BT reported previously. This includes cash, properties and vehicles, including some that were held collectively with Zhang Ruijin (left).

Money laundering accused Lin Baoying expected to plead guilty on May 30

Lin is the ninth of 10 foreign nationals embroiled in the case who has indicated a guilty plea

Seatrium said it has agreed to pay the US$68 million as “full and final settlement” to resolve the interest payable and all outstanding issues.

Seatrium to pay US$68 million linked to interest following arbitration

SEATRIUM said on Tuesday (May 21) that it has agreed to pay US$68 million to MH Wirth to make good on the...