The Business Times

2023-05-11 09:45:17 Truffle experience dinner for BT subscribers

Love truffles? 15 BT subscribers stand to snag a pair of seats (worth S$296++) each for a 4-course dinner, which will feature the highly prized French Périgord Black Winter Truffles.

https://bt.sg/5HEp Open / Comment

2023-05-11 08:31:07 Corporate earnings round-up:

1. CapitaLand Investment Q1 fee income-related business revenue down 3% to S$255 million

2. Frasers Property H1 profit up 52.2% to S$197.2 million on residential development contributions

3. SingPost reviewing commercial sustainability of domestic postal business as profit falls 28%

4. UMS Holdings Q1 net profit slips 10% to S$17.4 million

5. Daiwa House Logistics Trust Q1 distributable income grows 2.5% to S$9.1 million Open / Comment

2023-05-11 07:15:20 Singapore’s GIC seen as frontrunner for 2 billion euros stake in Germany’s Messer

Singapore's GIC is in talks to inject about 2 billion euros (S$2.91 billion) into German industrial gas maker Messer in return for a 20% take, sources say.

https://bt.sg/5Hb6 Open / Comment

2023-05-11 06:05:10 Singapore’s property tax won’t be hurting these foreign buyers

Property buyers of certain nationalities including the US, Iceland and Norway, are exempt from Singapore’s recent tax hike for foreigners, based on respective free trade agreements about a decade ago.

https://bt.sg/5HEx Open / Comment

2023-05-11 04:55:09 Far East Organization to launch The Reserve Residences at prices from S$2,300 psf

Located at Beauty World, two-bedroom units, sized from 560 sq ft to 807 sq ft, start at S$1.45 million.

https://bt.sg/5Hbg Open / Comment

2023-05-11 03:43:43 SingPost’s H2 net profit falls 28% to S$34.6 million on losses from post business

“SingPost is reviewing the commercial sustainability of the domestic postal business,” said the company.

https://bt.sg/5HbW Open / Comment

2023-05-10 15:27:55 50 public servants fulfil criteria to run for president, 1,200 companies meet the bar for shareholder equity: Chan Chun Sing

The question of who qualifies to run for president is pertinent, as the presidential election is due by September this year.

https://bt.sg/5Huv Open / Comment

2023-05-10 14:15:27 SIA to redeem half its 2021 mandatory convertible bonds with cash reserves

The 2020 and 2021 mandatory convertible bonds were part of the S$15 billion rights Issue approved by SIA shareholders in April 2020 to tide the airline group through the pandemic.

https://bt.sg/5Hu2 Open / Comment

2023-05-10 13:00:57 SIA Engineering CEO says aviation recovery uncertain as economy wobbles

SIA Engineering Company handled 78.7% of pre-pandemic flight volumes in March this year, but the next 20% of recovery will not be as certain, chief executive Ng Chin Hwee said.

https://bt.sg/5H28 Open / Comment

2023-05-10 11:45:17 Temasek-backed STT GDC said to mull US$1 billion pre-IPO round

ST Telemedia Global Data Centres has held talks with potential advisers on the fundraising as it’s keen to bring in strategic investors, the people said.

https://bt.sg/5Hu4 Open / Comment