The Business Times
Ry-Anne Lim

Ry-Anne Lim

JOURNALIST

Ry-Anne Lim is a reporter with The Business Times covering housing and property-related matters. She previously worked on the flip side, doing government communications. Ry-Anne is a graduate of the Nanyang Technological University’s Wee Kim Wee School of Communication and Information.

emaillimmin@sph.com.sg
email@RyLimBT
The court ruled that banks cannot intervene in winding-up applications brought by companies, which are linked to the 1Malaysia Development Bhd scandal, liquidating in Singapore.

Banks cannot intervene in winding-up bids by 1MDB-linked firms: Singapore High Court

They are ruled to have no standing to participate in the process, even though claims may later be brought against them

Hongkong Land said acquiring a stake in Suntec Reit will help the group deploy recycled capital into prime, income-producing commercial assets in Singapore.

Hongkong Land acquires 10.8% stake in Suntec Reit for S$541 million

It says the move aligns with its ‘positive outlook and conviction in Singapore’s prime commercial property market’

Hotel Properties has priced S$150 million in perpetual securities at a rate of 4.38 per cent, first callable in March 2031.

Hotel Properties prices $150 million perpetual securities at 4.38%

Net proceeds will be used to refinance existing borrowings and fund working capital requirements

Lenders have required MUST to keep half-yearly payouts on hold until it meets reinstatement conditions and until relief measures tied to its interest coverage ratio lapse. 

Manulife US Reit H2 distributable income down 31% at US$10.6 million

No distribution has been declared, in line with its recapitalisation plans and master restructuring agreement

The redemptions come on the bonds' scheduled call date, five years after their issuance in 2021. 

Temasek-linked Astrea VI private equity bonds fully redeemed with bonus paid

The bonus redemption premium is 0.5% of the principal

Wing Tai Holdings has acquired a freehold land parcel in Kuala Lumpur for RM45 million.

Wing Tai unit buys freehold land in Kuala Lumpur for RM45 million

Following its acquisition, the parcel will be developed into a residential project

Cost pressures stemming from conflict in the Middle East is exacerbating an already tight environment in Singapore's construction sector.

Fuel cost spike, choked supply squeeze Singapore’s booming construction sector

Worsening Middle East conflict and recurrent labour shortages are driving up materials, fuel and crane operator costs

The closing data of Sen Yue's privatisation offer has been extended to Apr 14 from Mar 31.

Privatisation offer for Sen Yue Holdings extended to Apr 14

The offer is priced at S$0.008 per share

Tang Organization, owned by property tycoon couple Gordan and Celine Tang, is the new sponsor of Suntec Real Estate Investment Trust.

Tang Organization to conduct strategic review of Suntec Reit as new sponsor

The initiatives could ‘support higher distributions’ in the coming years

ST20250618_202524600382 Kua Chee Siong/ yfcdg18/ Generic pix of taxi drivers washing their taxis at the ComfortDelGro headquarters at Braddell Road, on June 18, 2025. Transport giant ComfortDelGro and its subsidiary, SBS Transit, will be moving out of their Braddell Road headquarters after more than 40 years at the location, as the lease on the premises is expiring in August 2026. Affected staff will be relocated progressively from October to the company's other locations, depending on the nature of their work, The Straits Times understands. SBS Transit will move its office staff to depots in Sengkang, and shift its Braddell bus operations to Hougang by end-2025. For cabbies, a maintenance workshop in the Braddell premises will remain open, until a new five-story automotive hub in Ubi takes its place in the first quarter of 2026.

ComfortDelGro introduces new temporary driver fee, increases meter fare amid rising fuel costs

The measures will take effect from Mar 24 to May 31

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