Companies’ Brief
Reviewing Mapletree’s three REITs post-1QFY2024
Mapletree Investments’ managed assets made up some 77.7% of its $77.42 billion in assets under management (AUM) as at March 31. This means some $60.18 billion in assets are held under the group’s three Singapore-listed REITs and eight private real estate funds.
https://www.theedgesingapore.com/news/reits/reviewing-mapletrees-three-reits-post-1qfy2024
Amid challenges, CapitaLand Investment plans new funds as it continues supporting its REITs
As a real estate investment manager (REIM), CapitaLand Investment (CLI) derives its earnings from fee income-related business — also known as fee-related earnings (FRE) — and its rents and sales from its real estate investment business (REIB).
https://www.theedgesingapore.com/news/reits/amid-challenges-capitaland-investment-plans-new-funds-it-continues-supporting-its-reits
Views, Reviews Forum and Others
Waste disposal facility ordered to stop work due to multiple safety lapses
A stop-work order was issued to Leading Bio-Energy on Thursday, after the Ministry of Manpower (MOM) uncovered multiple safety lapses during an inspection of a waste disposal facility belonging to the company.
https://www.straitstimes.com/singapore/waste-disposal-facility-ordered-to-stop-work-due-to-multiple-safety-lapses
Foreign worker sues company for S$100,000 in damages after fracturing leg alighting from overcrowded lorry
A man who fractured his leg while alighting from a lorry that was ferrying 24 workers sued his company for damages over its negligence, saying the firm had failed to provide a safe system of alighting from the lorry or any safe system to transport workers.
https://www.channelnewsasia.com/singapore/worker-fell-lorry-sue-company-win-work-injury-claim-3705106
Global Economy & Real Estate
Moderna’s updated COVID-19 vaccine effective against ‘Eris’ variant in humans
https://www.channelnewsasia.com/world/moderna-covid-19-vaccine-eris-fornax-subvariants-effective-3706846
US housing affordability hits worst point in nearly four decades
https://www.businesstimes.com.sg/property/us-housing-affordability-hits-worst-point-nearly-four-decades
US mortgage rates jump to 7.09%, highest since 2002
https://www.businesstimes.com.sg/property/us-mortgage-rates-jump-709-highest-2002
US leading indicator falls further in July
https://www.businesstimes.com.sg/international/us-leading-indicator-falls-further-july
Australia’s July employment falls 14,600, jobless rate 3.7%
https://www.businesstimes.com.sg/international/australias-july-employment-falls-14600-jobless-rate-37
Morgan Stanley sees China missing its growth target this year
https://www.businesstimes.com.sg/international/morgan-stanley-sees-china-missing-its-growth-target-year
https://www.channelnewsasia.com/business/morgan-stanley-cuts-chinas-2023-economic-growth-forecast-47-3705146
China’s state developers warn of major losses as crisis spreads
https://www.straitstimes.com/business/china-s-state-developers-warn-of-major-losses-as-crisis-spreads
Country Garden: How bad is China’s property crisis?
https://www.channelnewsasia.com/business/china-property-crisis-country-garden-debt-restructuring-home-sales-3705161
Hong Kong seaview mansion eyes ambitious HK$2.2 billion sale
https://www.businesstimes.com.sg/property/hong-kong-seaview-mansion-eyes-ambitious-hk22-billion-sale
Hong Kong court defers verdict on extending temporary halt on environmental authorities’ approval of golf course housing plan
https://www.scmp.com/news/hong-kong/society/article/3231406/hong-kong-court-defers-verdict-extending-temporary-halt-environmental-authorities-approval-golf
Japan core inflation eases but price pressure remains
https://www.channelnewsasia.com/business/japan-core-inflation-eases-price-pressure-remains-3706961
https://www.businesstimes.com.sg/international/japan-core-inflation-eases-price-pressure-remains
Japan exports shrink for first time in more than 2 years
https://www.straitstimes.com/business/japan-exports-shrink-for-first-time-in-more-than-2-years
https://www.channelnewsasia.com/business/japan-exports-fall-first-time-2021-stoking-concerns-about-outlook-3704536
Malaysia property sales jump 120%, masking pile of unsold assets
https://www.businesstimes.com.sg/property/malaysia-property-sales-jump-120-masking-pile-unsold-assets
South Korea flags risks in US$56 billion of overseas property funds
https://www.businesstimes.com.sg/property/south-korea-flags-risks-us56-billion-overseas-property-funds
Tokyo’s central area apartment prices surge by 85% yoy in July
https://www.businesstimes.com.sg/property/tokyos-central-area-apartment-prices-surge-85-yoy-july
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