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Daily Debrief: What Happened Today
Rents for Grade A office buildings in Singapore's central business district (CBD) are expected to rise by 8 per cent this year, and 5 per cent in 2020, amid tight supply and high pre-commitments, according to a report by Colliers International.
Cromwell European Real Estate Investment Trust (Cromwell E-Reit) will buy six European freehold office properties - three in France and three in Poland - for 246.9 million euros (S$378.2 million), to be financed with a mix of debt and equity via a private placement.
Some global airlines are re-routing flights to avoid Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman, they said on Friday, after the US aviation regulator barred its carriers from the area until further notice.
The Competition and Consumer Commission of Singapore (CCCS) is inviting public feedback on the two-year commitments proposed by Pathology Asia Holdings (PAH) to address competition concerns in the planned merger of two private clinical laboratories.
ISR Capital on Friday said its latest financial figures have failed to meet the Singapore Exchange (SGX) requirements to stay out of the bourse's watch-list.
Property developer Fragrance Group is proposing to repurchase up to S$30 million in aggregate principal amount from the holders of its S$100 million 4.75 per cent unsecured notes due November 2021.
Offshore and marine group ASL Marine reversed a previous statement that its controlling shareholders, the Ang family, would subscribe for all of their entitlements under a shareholder rights issue.
The STI Today
The rally of the past two days, which came on the back of US Federal Reserve dovishness and news that the US and China would meet at the G-20 summit, eased off on Friday.Singapore's Straits Times Index (STI) closed at 3,321.40, up 6.89 points or 0.2 per cent on Friday.