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CapitaMalls Malaysia to acquire East Coast Mall for S$125.84mn
CapitaMalls Malaysia to acquire East Coast Mall for S$125.84mn
The mall, with occupancy rate of 97%, and with a 7.1% forecast property yield for 2011 seen to produce income and geographical diversification for CMMT portfolio.
SingPost to collaborate with Malaysian firm
It has also acquired 50 million ordinary shares in Efficient, a provider of integrated outsourcing solutions in data and document processing.
DBS to be overtaken by Maybank if acquisition pushes through
Malaysia’s--and potentially Southeast Asia’s--biggest lender plans to acquire RHB for a combined capitalisation of approximately $29 billion.
Non-oil domestic export sales up by 7.6% in May
This is a rebound from last month’s contraction of 1.8%.
Keppel secures US$260 million contract with Floatel
The deal is for a new generation accommodation semisubmersible for delivery in 1Q 2014.
URA awards tender for Woodlands Avenue 2 / Rosewood Drive site
Consortium Fragrance Group Limited and Aspial Corporation Ltd received the tender award after bidding $152m.
Changi Airport Group awards handling license to Aircraft Service International Group
With the ten-year licence, ASIG will provide a full suite of passenger handling, apron handling and cargo handling services at Changi Airport.
Tiger Airways passenger volume up 23% in May
6.2 million passengers chose to fly with Tiger Airways in Asia and Australia from June 2010 to May 2011, while load factor averaged 86%.
SilkAir and Singapore Airlines to offer combined flights to Kolkata
SilkAir offers leisure and business travellers four-times-a-week services to Kolkata, a vibrant city rich in culture and history and known as the commercial capital of east India.
Keppel Land China buys S$241mn Shanghai prime residential site
The site located in a mature middle to upmarket satellite town is accessible to quality educational facilities and other amenities.
Tickled pink: LiveJournal appoints Tickled Media Singapore as media partner
As part of the agreement, Tickled Media will create local country homepages and media sales presence for LiveJournal in South-East Asia.
Singapore IPO of Perennial China Retail Trust 1.6 times subscribed
Firm controlled by former CapitaLand retail chief Pua Seck Guan manages the trust.
PricewaterhouseCoopers ties up with Visual Risk
Will help ‘at -risk’ modelling and ‘stress testing’, says the auditing firm.
ANZ Singapore launches Gold Account
The account can be transacted in a wide variety of currencies including US Dollar, Singapore Dollar, Euro, Australian Dollar, New Zealand Dollar, British Pound and Japanese Yen.
COSCO wins $26m contract
Its subsidiary COSCO Shipyard Group secured the deal from a South East Asian company to build one semi-submersible barge.
Woodlands Avenue 2 / Rosewood Drive site gets $152m top bid
Fragrance Group Limited and Aspial Corporation Ltd was the highest bidder for the 27,380.2 m² residential site.
IE Singapore eyes international carriers as potential market for SmarttPapers
IE Singapore Aviation’s encourages companies to offer innovative services to tap innovative technology set to create paperless cabin for airline industry.
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