Topic of Interest: #BusinessReview (2,994 Articles Found)

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FHT managers appoint Eu Chin Fen as new CEO

The managers of Frasers Hospitality REIT (FH-REIT) and Frasers Hospitality Business Trust (FH-BT) have appointed Eu Chin Fen as their new CEO. Eu will replace outgoing CEO Colin Low, whose last day of service is Apr 9. Eu’s…

Global trading firm Optiver to open Singapore office

Global market maker and proprietary trading firm Optiver will be opening a new office in Singapore this year, as part of its expansion in the APAC region. The opening of the Singapore office will mark the fifth office…

Pandemic leads to surge in real-time payment transactions in 2020

Real-time payments saw a surge in the Lion City, as the pandemic swept the globe in 2020. According to the latest global report from ACI Worldwide, real-time payments in Singapore rose by 48% in 2020, at a total…

Chinese New Year boosts retail sales by 5.2% in February

Retail sales grew by 5.2% y-o-y in Feb, compared to the 6.1% y-o-y decline recorded in Jan according to the latest government statistics. The growth was attributed mainly to CNY Celebrations. The total retail sales value was estimated…

Rising numbers of single family offices to bolsters demand for strata offices

The increasing popularity of Singapore as a wealth mgmt hub for family offices will bolster the demand for real estate investments particularly strata offices and shophouses according to Colliers report. Singapore’s conducive business environment and government incentives, its…

It’s back to work in 2021, says CBRE with 70% of bosses wanting a return to the office

Bosses are increasingly keen for their staff to return to the office, but many offices will need to go through some remodelling as workers look to more collaborative workspaces, says Henry Chin, head of research at CBRE APAC.…

Sunseap installs offshore floating solar farms in Johor Straits

Sunseap Group has completed the installation of one of the world’s largest offshore floating solar farms in Johor Straits. The installation involved a total of over 13,000 panels, 40 inverters, and more than 30,000 floats. It is expected…

CBRE leads commercial real estate investment sales in 2020: RCA

RCA has named CBRE as number one in commercial real estate investment sales in 2020 with an overall 33.6% market share across all property types. RCA credited CBRE with 24.2% of market share across all property types on…

Hyundai Motor, Singtel collaborate on 5G-enabled smart manufacturing

Hyundai Motor and Singtel have signed a MOU to collaborate on a range of ventures to support 5G-enabled smart manufacturing and connectivity for EV battery subscription service. Under the MOU, Hyundai Motor will combine its expertise in developing…

Surbana Jurong’s OMNI software digitising facilities management

Surbana Jurong has created an advanced Facility and Asset Mgmt service offering by integrating multiple data sources into a single digital platform to help ensure the efficient delivery of facility operations. By developing and adopting digital as part…

CapitaLand pushes ahead with its global drive for sustainability

In an exclusive interview with Real Estate Asia, CapitaLand Group’s CSO Lynette Leong who is responsible for elevating the company’s sustainability strategy and policies, discussed CapitaLand’s 2030 Sustainability Master Plan, its sustainability initiatives, and how the company is…

Advanced 5G Industry 4.0 Studio opens in Singapore

Singapore’s first 5G industry 4.0 studio is now open. IBM announced the launch of the IBM Industry 4.0 Studio, the project it has been working with Samsuing Electronics, M1, and IMDA. It opened on 16 Mar. The studio…

Limited living space affects mental well-being of Singaporeans

The Singaporeans’ state of mind has been affected by the limited living space in their homes, a survey commissioned by StorHub Self Storage reveals. The poll examined the impact on residents of the lack of space, their interpretation…

Revenue of Ascott and Frasers REITs to remain weak until 2023

Ascott Residence Trust and Frasers Hospitality Trust (FHT) will continue to suffer weak revenues until 2023, according to Moody’s latest research. Moody’s said the slow resumption of travel will keep credit metrics weak for the two rated REITs.…

CPG shares new ideas for Singapore’s post-COVID-19 workplace

Transformative changes could be coming to Singapore with CPG Corp. Rapid adoption of technology and digitalised workflow, which has taken root during the pandemic, is gathering pace and speeding up, opening doors to increased next phase of technological…

GuocoLand sees core and flex leases as new normal

GuocoLand is no stranger to adapting modern designs and meeting tenant demands, but the COVID-19 pandemic is an unprecedented event that shook the entire real estate industry. For GuocoLand Group President & CEO Raymond Choong, it meant quickly…

Consumer demand for sustainable products unmet: report

A majority of Singaporean consumers care about the environment but claim they lack options to make greener choices, according to a recent study. Accenture and WWF released the results of their Oct 2020 study, surveying 500 Singaporeans online…

Gold Ridge bags $900m green loan from DBS, OCBC and UOB

NEX operator Gold Ridge has acquired a $900m green loan from DBS, OCBC, and UOB for the retail mall, marking the firm’s first venture into sustainable financing. The asset manager of NEX PGIM Real Estate as well as…

Singapore online shopping sites web traffic increased amidst COVID-19: study

2020 signified strong customer confidence in e-commerce retail despite mobility restrictions and mounting concerns over the pandemic, according to the latest research by iPrice Group. The study, done in collaboration with SimilarWeb and AppsFlyer, showed that the overall…

Online shopping surged amidst COVID-19: study

E-commerce shopping activities have surged significantly, with 74% of consumers making purchases online more frequently, driven by movement restrictions due to the COVID-19 pandemic, according to the Visa Consumer Payment Attitudes Study. Since many have turned to the…

Hospitality REITs on the road to recovery: OCBC

Hospitality REITs have borne the brunt of the COVID-19 pandemic but are now on the road to recovery, according to OCBC Investment research. “Singapore started vaccinations in Dec 2020 and targets to vaccinate the entire population by 3Q…

S-REITS lead STI Reserve List

S-REITS have been in the lead for STI reserve list, yielding an average of 6%. The STI Reserve List, which comprises the five highest-ranking non-constituents of the STI by market capitalisation, in order of highest market cap are…

Asset enhancements continue to make UOL attractive to investors: analysts

UOL Group continues to be attractive for investors despite its 97% dive in net profits last year, according to analysts. OCBC Investment Research said notwithstanding the COVID-19 pandemic, UOL was able to maintain a healthy balance with a…

Barco unveils new APAC HQ in Singapore

Barco has cut the ribbon in its new APAC headquarters in Greater Southern Waterfront, Singapore. Aside from being furnished with video technology necessary to conform to the new normal of hybrid working, the new office debuts the company’s…

Retail and industrial property market expected to recover in 2021

The retail property market is expected to stabilise and gradually recover in 2021 whilst the industrial property market is likewise set to recover due to high demand in logistics warehouses and hi-specs space, reports Colliers Intl. According to…

Far East Orchard profit crashes by 94% in 2020

Far East Orchard, the hospitality arm of property developer Far East Organization, recorded a loss of $8.9 m for the full year of 2020. This is 94% lower than the $25.8m profit recorded 2019. Singapore closed its borders…

PropNex profits grew 47% in 2020, crosses 9,000 mark in sales force

PropNex reported a 47.8% y-o-y growth in net profit after tax for the last fiscal year which ended on 31 Dec. This amounts to $31.2m, led by the domestic demand in both private residential and public housing segments.…

Koufu profit slumps by 65.4% in 2020

For the full year of 2020, Koufu reported a net profit of $9.6m, a 65.4% drop from the $27.84m recorded in the previous year. In the last half of 2020, profits fell to $7.41m from $13.69m for the…

SGX, OneConnect address ESG reporting needs

SGX has entered into a MOU with technology-as-a-service platform provider OneConnect Financial Technology (OneConnect) to collaborate and build an ESG platform. The platform will help companies listed on SGX to efficiently manage and make their sustainability disclosures for…

42% local workers want hybrid office-home working options: study

More than four in 10 (42%) of Singaporean workers prefer a hybrid of working at home and at the office post-pandemic, whilst 14% want to work from home all the time, a recent study by HR services leader…

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