Business
Giants Predicted To Sign $210 Million Star In Dodgers-Esque Offseason Move
Share ✓ Link copied to clipboard! After Juan Soto signed the biggest contract in baseball history with the New York Mets, all the…
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Business
Elite UK Reit divesting property in England for £1.6 million
THE manager of Elite UK Reit announced in a bouse filing on Friday (Dec 20) that Perpetual (Asia) Limited, the trustee of the real estate…
Business
Cromwell E-Reit divests 2 office assets in Italy for 20.9 million euros
This increases the Reit’s exposure to the logistics and light industrial sector Cromwell European Real Estate Investment Trust (Cromwell…
Business
CDL Hospitality Trusts ventures into student accommodation with £37.3 million UK deal
CDL Hospitality Trusts is venturing into the student accommodation business for the first time, with the purchase of a purpose-built…
Business
CapitaLand Investment sells 4.9% stake in CapitaLand Ascott Trust for S$162 million
PROPERTY investment manager CapitaLand Investment (CLI), through its subsidiary The Ascott Ltd, has sold its stapled securities in…
Business
US backs off effort to recall about 50 million airbag parts
US AUTO safety regulators backed down from forcing a recall of about 50 million airbag inflators they have said could explode in a crash,…
Business
Oatly to shut S$30 million plant jointly invested with Yeo Hiap Seng
SWEDISH drink manufacturer Oatly will be shutting its Singapore plant – jointly invested with local food and beverage company Yeo Hiap…
Business
ST Engineering wins S$180 million in contracts for Bangkok rail project
THE urban solutions business of ST Engineering has bagged about S$180 million worth of contracts for the new 35.9-km mass rapid transit…
Business
GIC invests further US$150 million in Asia Healthcare Holdings
GIC announced on Wednesday (Dec 18) that it will be investing an additional US$150 million into Asia Healthcare Holdings (AHH), a…
Business
Clar to acquire and lease back DHL’s Indiana logistics property in S$150.3 million deal
CAPITALAND Ascendas Reit (Clar) is proposing to acquire logistics property DHL Indianapolis Logistics Center in Whiteland, Indianapolis,…
News
Syria's Assad Regime Secretly Transfers $250 Million in Cash to Russia to Evade Sanctions
Between March 2018 and September 2019, the Syrian government under President Bashar al-Assad sent nearly $250 million in cash to Russia.…
Culture
Mapletree Logistics Trust proposes to sell Singapore warehouse for S$12.3 million
The divestment is not expected to have a material impact on the trust’s net asset value and net property income for FY2025/2026 THE…
Business
CLI to acquire Australian credit investment manager Wingate for A$200 million
CAPITALAND Investment (CLI) is acquiring the property and corporate credit investment management business of Wingate Group in Australia…
Business
Yankees Land $80 Million Former MVP In Blockbuster Trade Idea With Cubs
Share ✓ Link copied to clipboard! The New York Yankees missed out on re-signing superstar outfielder Juan Soto. Since then, they've picked…
News
Donald Trump gets big win as ABC apologizes, agrees to pay $15 million
ABC News has agreed to pay $15 million toward Donald Trump's presidential library and issue a public apology to settle a defamation…
Business
Walmart's Mexico subsidiary plans to appeal a $4.6 million fine for alleged monopolistic practices
MEXICO CITY (AP) — Walmart’s Mexico subsidiary said Friday it plans to appeal a $4.6 million fine for alleged anti-competitive practices…
Business
Vibrant Group reverses into black with S$3.3 million H1 profit
The logistics company booked a loss of S$3.2 million in the previous corresponding period LOGISTICS company Vibrant Group has posted a net…
Business
Vibrant Group returns to black with S$3.3 million H1 profit
The logistics company booked a loss of S$3.2 million in the previous corresponding period LOGISTICS company Vibrant Group has posted a net…
Business
Nordic Group bags S$22.9 million worth of contracts
The bulk of it comes from contracts secured by its system integration division and its cleanroom, air and water engineering solutions…
Business
Microsoft expects US$800 million impairment charge in Q2 2025 over General Motors’ Cruise exit
MICROSOFT expects to record an impairment charge of around US$800 million in the second quarter of fiscal year 2025 over General Motors’…
Business
Del Monte Q2 net loss widens to US$22.2 million on subsidiary’s lower profit, higher interest expense
PHILIPPINE food-and-beverage manufacturer Del Monte Pacific on Wednesday (Dec 11) posted a net loss of US$22.2 million for the second…
Business
Aims Apac Reit to divest warehouse in Singapore for S$24.4 million
The sale price is a 32.5% premium to the property’s valuation as at Mar 31, 2024 AIMS Apac Real Estate Investment Trust (AA Reit) is…
Business
Keong Hong unit to sell stake in Katong Holdings for S$34.5 million
The group intends to utilise the net proceeds from the divestment for its working capital requirements and potential business opportunity…
Business
Mets Predicted To Sign $65 Million Closer To Complement Juan Soto Signing
✓ Link copied to clipboard! The New York Mets, following a long and expensive bidding war, won the Juan Soto sweepstakes. New York agreed…