Culture
UOB outlook lags that of DBS, OCBC amid spotlight on asset quality in Q3
Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income [SINGAPORE] The market outlook for UOB has turned cautious compared with that for DBS...
CapitaLand Ascendas Reit to divest logistics property in Australia for S$90 million
Sale consideration is a 17.2% premium to the original purchase price of S$76.8 million when the property was acquired in 2015[SINGAPORE] CapitaLand Ascendas Reit (Clar) is divesting a logistics...
Prime US Reit raises distributable income payout ratio to at least 50%; records lower Q3 income
A distribution of only 10% of the distributable income has been declared for the last two one-year periods since Jul 1, 2023, the manager notes [SINGAPORE] The manager of...
UK unemployment at its highest since pandemic as jobs market cools
The jobless rate climbed to 5 per cent in the three months through September, up from 4.8 per cent the month before[LONDON] UK unemployment rose more than expected, further...
KKR, Singtel seek S$5 billion loan for STT GDC buyout: sources
If finalised, this deal could mark Asia’s largest-ever leveraged buyout financing in the data-centre sector[SINGAPORE] A consortium comprising of KKR and Singapore Telecommunications (Singtel) is in talks with banks...
KKR, Singtel seek S$5 billion loan for STT GDC buyout
If finalised, this deal could mark Asia’s largest-ever leveraged buyout financing in the data centre sector[SINGAPORE] A consortium comprising of KKR and Singapore Telecommunications is in talks with banks...
Ringgit rally driven by domestic strength and Fed cut bets, say analysts
The currency hits a 13-month high against the greenback, year-to-date peak versus Singdollar[SINGAPORE] The Malaysian ringgit has rallied about 7 per cent in the year to date against the...
Ringgit at 13-month peak: Can Malaysia’s currency keep rising?
Unit fuelled by strong investment inflows into Malaysia and encouraging follow-through on fiscal policies[SINGAPORE] The Malaysian ringgit is on a roll this year.It has gained about 7 per cent...
South-east Asia’s digital economy revenue set to hit US$100 billion in 2025: e-Conomy report
The region’s gross merchandise value is also expected to grow to US$305 billion this year[SINGAPORE] The digital economies of South-east Asia are projected to hit a revenue of US$100...
Garuda’s fleet growth at risk as Danantara trims funding
[JAKARTA] Indonesia’s sovereign wealth fund Danantara is reducing its financial support for flag carrier Garuda Indonesia, putting in doubt the distressed airline’s ability to refresh its fleet. Garuda will...
