Daily Debrief: What happened today

Stories you might have missed

Singapore industrial space rents, prices up in Q4 2021: JTC

INDUSTRIAL developments continued to see delays in Q4 2021, as the 3 months saw total available stock rise by 11,000 square metres (sq m), a sharp drop from the 228,000 sq m in Q3 2021. It is also a mere 1.5 per cent of the 736,000 sq m rise in total available stock for the whole 2021, according to JTC's quarterly market report released on Thursday (Jan 27).

GIC and Equinix to build 2 data centres in Seoul with US$525m joint venture

SINGAPORE'S sovereign wealth fund GIC is establishing a US$525 million joint venture (JV) with Equinix that will see both parties develop and operate 2 xScale data centres in Seoul, Korea.

Hyundai, PSA International tie up to create logistics solutions for 'made in Singapore' EVs

HYUNDAI Motor Group has partnered with a unit of PSA International (PSAI) to co-develop advanced logistics solutions for the automobile group's electric vehicle (EV) production in Singapore.

New peaks for food delivery as the sector sees consolidation and maturity: Momentum Works

TOTAL gross merchandise value (GMV) for food delivery in South-east Asia hit a new peak of US$15.5 billion last year, a 30 per cent increase from 2020's high of US$11.9 billion according to a report by venture builder Momentum Works.

Expats head for the exit as 'easy' Singapore's Covid controls bite

ATAR Sandler arrived in Singapore in 2019, seizing the opportunity to live in a buzzing global city that is also a convenient base to jet off to more exotic locales nearby. But after 2 years of mask-wearing, socialising in small groups and travel restrictions to combat the Covid-19 pandemic, the Israeli human resources professional packed her bags for New York with her husband and children this month.

Corporate earnings

• Aims Apac Reit Q3 DPU up 14.6% to S$0.0235
• GuocoLand H1 profit rises 195% to S$67.5m
• ESR-Reit posts 14% drop in Q4 DPU to S$0.00721; manager sees improvement in leasing sentiment

The STI today

Asia markets down on Fed signal towards March rate hike, STI down 0.35%

SINGAPORE stocks tumbled along with peers in the broader region on Thursday (Jan 27), with the Straits Times Index (STI) sinking 0.35 per cent or 11.54 points to close at 3,260.03, after a volatile session.