Daily Debrief: What Happened Today

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Frasers Property creates new platform to focus on growing network of capital partners

FRASERS Property has established a new group corporate function, Frasers Property Capital, to team up with capital partners on new projects, in order to pursue investment opportunities while sharing risks with like-minded joint venture partners.

First Reit makes cash offer for S$60 million in perpetual securities

FIRST Real Estate Investment Trust on Monday (Aug 22) launched a tender offer to buy back S$60 million in Series 002 subordinated perpetual securities in cash, at 70 per cent of the principal amount.

Funding Societies inks US$50m credit facility with HSBC

SME digital financing platform Funding Societies has signed a US$50 million credit facility with HSBC Singapore to expand the startup’s footprint in South-east Asia.

Investors should consider the motivations of major shareholders in Sembcorp Marine’s deals

MARIE Antoinette probably never uttered the words, “Let them eat cake”. But her alleged response to being told that the peasants of France had no bread is a widely understood allusion to the mighty being callously indifferent to the plight of the weak.

Thai economy to grow 3.0-3.5% this year, recovery intact: Finance

THAILAND’S economy is expected to grow by 3.0 per cent to 3.5 per cent this year, helped by public investments and a pick-up in the vital tourism sector, the finance minister said on Monday.

The STI today

STI up 0.5%, bucking regional losses

SINGAPORE stocks ended higher on Monday (Aug 22), bucking regional losses after major US indices logged its first weekly decline in a month to break its four-week winning streak.