Business
LTA awards Obayashi Corp S$281 million contract to design and build new Brickland MRT station
The new Brickland station, between Chao Chu Kang and Bukit Gombak stations on the North South MRT line, is targeted to commence passenger…
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Business
mm2 Asia unit receives payment demand for S$18.9 million from creditor
A unit of embattled entertainment group mm2 Asia on Monday (Dec 29) said it has received a payment demand for S$18.9 million, even as the…
Business
China’s Leapmotor targets annual sales of more than four million units in a decade
Stellantis controls a joint venture that sells and produces cars for the company overseas Chinese electric vehicle (EV) maker Leapmotor…
Business
Frasers Property unit to lend up to 938.6 million baht to JV with two ThaiBev units
The capital injections will advance the technology and digitalisation of both Frasers Property Group and Thai Beverage Group Frasers…
Business
Keppel Reit unit secures three bridge loans totalling S$892 million
The manager of Keppel Real Estate Investment Trust (Reit) said on Wednesday (Dec 24) that it has obtained three bridge loan facilities…
Business
Sembcorp acquires Indian solar power project for S$246 million
Sembcorp’s gross renewable energy capacity installed and under development in India has now climbed to over 7.6 GW Sembcorp Industries on…
Business
Nike climbs as Apple’s Tim Cook buys US$3 million in stock
Nike shares ticked up 2 per cent in premarket trading on Wednesday (Dec 24) after Apple CEO Tim Cook bought nearly US$3 million worth of…
Business
Nam Cheong sells vessel for US$20.5 million to Vietnam firm
The sale is expected to contribute positively to the group’s earnings for the financial year ending 2025 Malaysian offshore support vessel…
Business
Mapletree acquires logistics facility in the Netherlands for 32.3 million euros
Since entering the European logistics market in 2018, the group has amassed 82 logistics assets across eight countries Mapletree…
Business
CapitaLand Malaysia Trust to acquire five industrial facilities in Johor for RM220.8 million
The properties are strategically located within the Johor-Singapore Special Economic Zone to capitalise on rising demand CapitaLand…
Business
Seatrium, Maersk vessel contract dispute to be resolved with US$360 million payment
Offshore, marine and energy specialist Seatrium announced on Monday (Dec 22) that it has reached an agreement with a buyer, Maersk…
Business
Seatrium, Maersk vessel contract dispute resolved with US$360 million payment
Offshore, marine and energy specialist Seatrium announced on Monday (Dec 22) that it has reached an agreement with a buyer, Maersk…
Business
Seatrium, Maersk resolve contract dispute with giant line to pay US$360 million upon vessel delivery
Offshore, marine and energy specialist Seatrium has reached an agreement with buyer Maersk Offshore Wind’s affiliate Phoenix II, for the…
Business
Vietnam on Track for Record Tourism Year with Arrivals Nearing 21 Million
Vietnam is on track to welcome a record 21 million foreign visitors this year, cementing its position as Southeast Asia's fastest-growing…
Business
CNMC plans to appeal against additional tax assessment of RM29.6 million imposed on Malaysian unit
The notices were raised in relation to the disallowance of management fee expenses paid by subsidiary to gold-mining company A Malaysian…
Business
Coliwoo disposes Pasir Panjang co-living space in S$43.9 million sale-and-leaseback deal
It will sell its 80% stake in Coliwoo PP, which owns and manages Coliwoo Hotel Pasir Panjang Co-living operator Coliwoo has entered into a…
Business
Coliwoo disposes Pasir Panjang co-living hotel space in S$43.9 million sale-and-leaseback deal
Estimated net proceeds of S$15.3 million will be used to repay working capital loans owed to LHN Group and for general working capital…
Business
Stoneweg Europe Stapled Trust divests office asset in Italy for 34 million euros
Following the divestment, the trust’s exposure to Italy will fall from 18% to 17% The managers of Stoneweg Europe Stapled Trust (Sert) on…
Business
Instacart to pay US$60 million to settle FTC claims it deceived shoppers
INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery…
Business
Stoneweg Europe Stapled Trust refinances, extends 85 million euro facility agreement
The manager of Stoneweg Europe Stapled Trust (Sert) on Thursday (Dec 18) announced that it has refinanced and extended an 85 million euro…
Business
Acrophyte Hospitality Trust unit to divest Hyatt Place Primacy Parkway hotel for US$7.8 million
ARA USH Chicago, an indirect wholly owned subsidiary of Acrophyte Hospitality Management Trust (AHT), is selling a hotel in the US for…
Business
HG Metal subsidiary to buy industrial property in Tuas for S$20.8 million
A unit of steel distributor HG Metal Manufacturing has exercised an option to purchase (OTP) to acquire an industrial property in Tuas for…
Business
Tada commits S$1 million to put brakes on high-commission models
The initiative aims to reverse falling driver earnings and rising ride-hail prices Ride-hailing platform Tada has set its sights on its…
Business
Tada commits S$1 million to put brakes on high-commission ride-hailing models
The initiative aims to reverse falling driver earnings and rising ride-hail prices Ride-hailing platform Tada is challenging rivals such…