Daily Debrief: What Happened Today

Stories you might have missed

Blossoms by the Park, Tembusu Grand launches push new home sales up 80.3% in April

THIS was the fourth consecutive month of increase in new home sales, despite the cooling measures aimed at curbing investment demand introduced in April.

Foreign buying in private homes at five-year high in Q1, just before rollout of cooling measures

FOREIGNERS bought 259 condo units in Q1 2023, up 14.6 per cent from 226 units in Q4 2022.

Japfa delivers Singapore’s first live chickens from Indonesia

THE new shipment could open up opportunities to provide not just fresh chickens, but also other staple protein foods to Singapore, the company said in a statement.

ThaiBev unit Sabeco, SP Group to install rooftop solar panels in 9 Vietnam breweries

THE project is slated to be completed and operational by the third quarter this year, and will provide close to 25 per cent of electricity consumed at the factories.

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Daily Debrief: What Happened Today

Funding crunch in Apac commercial real estate opens doors for local property players

COMMERCIAL real estate markets in the Asia-Pacific (Apac) region face a US$5.8 billion funding gap between now and 2025 – but therein lie pockets of opportunities for local property players eyeing assets in distress. 

Corporate Earnings

• ST Engineering Q1 revenue up 13% to S$2.3 billion on growth in most segments
• Cromwell European Reit posts indicative Q1 DPU of 3.9 euro cents, down 5.8 per cent
• Emperador reports 10% increase in Q1 profit to 2.3 billion pesos

The STI today

STI inches up 0.2% amid US debt ceiling crisis, ahead of China data

THE key Straits Times Index (STI) edged higher 6.17 points or 0.2 per cent to 3,214.72, as caution remained thick in the air following last Friday’s losses on Wall Street.