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SingPost to acquire further 37% interest in Australian subsidiary for A$175.4m

POSTAL service provider Singapore Post (SingPost) is looking to acquire an additional 37 per cent stake in Freight Management Holdings (FMH), a fourth-party logistics service company incorporated in Victoria, Australia, for A$175.4 million (S$161.1 million) in cash.

One Holland Village Residences achieves 80% sales

THE consortium behind One Holland Village has sold 237 out of 296 units or 80 per cent of the project’s residential component since sales started in November 2019, describing the sales as “a strong take-up” rate.

Singaporeans list housing, living costs as top concerns in poll

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SINGAPOREANS want the government to address housing affordability and cost-of-living issues better, according to a poll by YouGov, underscoring concerns brought on by an influx of rich immigrants and high-earners.

Malaysia’s industrial production beats expectations with 4.8% growth in November, driven by tech sector

MALAYSIA’S industrial production index (IPI) rose 4.8 per cent year on year (yoy) in November, supported by resilient growth in tech sectors, according to figures released by the Department of Statistics on Wednesday (Jan 11).

Financial markets to remain volatile but opportunities available, say speakers at forum

FINANCIAL markets are expected to remain volatile this year, with slower growth across Asia. But, a combination of China’s reopening and the regionalisation of supply chains are bright spots to look forward to, participants at the UOB Global Markets Economic Forum 2023 said on Wednesday (Jan 11).

The STI today

Singapore stocks end higher on recovery optimism; STI up 0.3%

THE Straits Times Index (STI) rose 0.3 per cent or 8.60 points to 3,271.51 on Wednesday (Jan 11).