Stories you might have missed
HIGHER domestic interest rates may not have hit Singapore's small and medium-sized enterprises (SMEs) that hard yet, thanks to pandemic-era loan schemes - but amid a global rising rate environment, some are cutting back on capital expenditure to avoid taking on fresh loans.
WITH a major buyout deal of troubled Fullerton Healthcare Corp (Fullerton Health) by white knight RRJ Capital merely days from closing, some indirect investors of SIN Capital are feeling angsty as they remain in the dark over the fate of their investments.
THE ink has barely dried on the Chuan Park en bloc deal - which is subject to various approvals - but social media posts have already appeared concerning a supposed new development that will take its place.
DEMAND for prime office spaces in the Central Business District (CBD) has heated up, with Keppel Reit's manager revealing in a briefing on Tuesday (Jul 26) that its recent lease signings are in the range of high S$9 to mid S$13 per square foot per month.
SINGAPORE Savings Bonds (SSBs) continued to see solid demand as the 10-year average return for the August issue rose to a record high of 3 per cent.
- ESR-Logos Reit eyes up to S$450m divestments to rejuvenate portfolio; H1 DPU down 6%
- Suntec Reit's H1 DPU up 15.8% on higher income
The STI today
THE Straits Times Index (STI) climbed 0.4 per cent or 13.02 points to close at 3,205.14 points on Wednesday (Jul 27) as investors held their breath ahead of a key United States Federal Open Market Committee (FOMC) meeting tonight.