Daily Debrief: What Happened Today (May 28)
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Mapletree Investments sinks into the red with S$577.2 million net loss on valuation decline
THIS comes as a high-interest environment led to expansion in real estate capitalisation rates in most markets, which in turn resulted in revaluation losses for the year, said the global real estate giant on Tuesday (May 28).
AI investment wave driving money into data centre deals in Asia-Pacific
A FRESH wave of AI-directed investments is driving money into data centre real estate in the Asia-Pacific, with most markets seeing record levels of construction activity and strong deal flow.
Seatrium secures S$11.4 billion in order wins for the year to date
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SEATRIUM on Tuesday (May 28) said it obtained S$11.4 billion in order wins in the year-to-date, driven by contracts from Petrobras and Shell, among other clients.
MOH extends Cordlife suspension by up to 3 months
SINGAPORE’S Ministry of Health (MOH) has issued a new notice to beleaguered private cord blood bank Cordlife, barring them from collecting new cord blood and human tissue for up to an additional three months, the company said on Tuesday (May 28).
STI up 7.4% over last six weeks on net institutional inflow
THE Straits Times Index (STI) has gained 5.5 per cent in the past six weeks, with dividends boosting total return to 7.4 per cent, Singapore Exchange (SGX) market strategist Geoff Howie said in a market update on Tuesday (May 28).
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