Singapore

Daily Markets Briefing: STI down 0.92%; Top stock is Mapletree PanAsia Com Tr

Mapletree PanAsia Com Tr is the top stock with a 0.84% increase.

It’s the most wonderful time of the year!

We’re taking the time off and will be back on 6 January 2025.

Automation could aid Singapore transition to compressed workweek

Employers should use the city-state’s advanced tech infrastructure to make it work.

CDL Hospitality Trusts units acquire Liverpool PBSA asset for $63.9m

The acquisition will be funded through debt financing.

CapitaLand Investment sells 4.88% stake in CLAS for $162m

The transaction decreased its stake in CLAS to 24.04%.

OUE Healthcare subsidiary secures majority stake in Rehab Matters

This enables O2 Healthcare to integrate physiotherapy care into its lung health services.

Wesfarmers to sell Coregas to Nippon Sanso for $653m

The sale is expected to be completed by mid-2025.

NRIC numbers alone cannot initiate payments, fund transfers: ABS

ABS advised customers to change their login passwords if they are using their NRIC number.

NRIC numbers invalid for key insurance transactions

Reviews regarding the use of NRIC may result in changes to existing processes.

Cromwell EREIT divests two office assets in Italy for $29.6m

The selling price is 7.7% above the latest valuations.

IREIT leases 12% of Berlin Campus to Stayery for 255 guest rooms

This marks its second major lease contract at the property within a month.

Far East H-Reit inks $157.15m sustainability-linked loan deals

The loan facility was obtained through its trustee, DBS Trustee Limited.

Yeo’s to lay off 25 employees as Oatly ends Singapore operations

The employees will receive severance packages based on their salary and years of service.

Most hacked passwords in Singapore are under 10 characters: Preply

“123456” remains the most commonly hacked password, appearing in 42.5 million breaches.

Singapore’s hotel RevPAR growth seen at 2-3% in 2025

It also noted over 5,000 new rooms will enter the market between 2025 and 2027, particularly in the upscale to luxury segments.