Daily Debrief: What Happened Today (Apr 28)

Stories you might have missed

Wing Tai, Metro outbid 5 others for Dunearn Road site with bullish S$1,625 psf ppr bid at just under S$533 million

[SINGAPORE] The second Bukit Timah Turf City site to be released by the government drew heated competition from developers on Tuesday (Apr 28), with Wing Tai and Metro’s construction arm, Metrobilt Construction, coming out on top with its S$1,624.89 per square foot per plot ratio (psf ppr) bid. 

Indonesia’s eFishery founder faces verdict in fraud case over alleged 70 billion rupiah losses

[JAKARTA] The founder of Indonesian aquaculture startup eFishery Gibran Huzaifah will learn his fate on Wednesday (Apr 29), when the verdict of a high-profile fraud and embezzlement case involving alleged losses of 69.47 billion rupiah (S$5.5 million) is delivered.

Singapore’s EMA to study potential of deploying geothermal energy

[SINGAPORE] The Energy Market Authority (EMA) is commissioning a study to assess whether it is possible to deploy geothermal energy in the city-state.

SIA’s Air India intervention a ‘capability transplant’ crucial to its long-term play: analysts

[SINGAPORE] Singapore Airlines’ (SIA) decision to embed a limited number of executives deep into Air India’s operations is a positive move to protect an asset battered by record losses and entrenched legacy cultures, aviation industry analysts mostly said.

Will Hongkong Land seek to control the manager of Suntec Reit or the trust’s most prized properties?

[SINGAPORE] In late October 2024, Hongkong Land unveiled a new strategy to double underlying profit before interest and tax, double dividend per share, recycle capital of up to US$10 billion and grow assets under management (AUM) to US$100 billion with active participation by third-party capital by 2035.

Higher bar, talent crunch complicate Singapore SMEs’ succession plans

[SINGAPORE] Demographic shifts, talent shortages and – most recently – the crisis in the Middle East have raised the bar for small and medium-sized enterprises (SMEs) in Singapore that are navigating the complexities of succession.