Business News
Aims Apac Reit’s H1 DPU rises 0.4% to S$0.0467 on rental growth
Aims Apac Reit (AA Reit) distribution per unit (DPU) for the first half ended September rose 0.4 per cent to S$0.0467, from its H1 FY2024 DPU of S$0.0465.
https://www.businesstimes.com.sg/companies-markets/aims-apac-reits-h1-dpu-rises-0-4-s0-0467-rental-growth
CapitaLand Investment’s 9M revenue holds steady at S$2.1 billion
CapitaLand Investment (CLI) reported S$2.1 billion in total revenue for the year to date (YTD) ended September, representing a slight improvement from S$2.09 billion in the prior year.
https://www.businesstimes.com.sg/companies-markets/capitaland-investments-9m-revenue-holds-steady-s2-1-billion
CapitaLand Investment raises S$261 million for South-east Asia, India private funds
CapitaLand Investment (CLI) has secured a S$261 million capital commitment from Mitsui OSK Lines for its South-east Asia and India private funds.
https://www.businesstimes.com.sg/companies-markets/capitaland-investment-raises-s261-million-south-east-asia-india-private-funds
https://www.straitstimes.com/business/companies-markets/capitaland-investment-raises-261-million-for-south-east-asia-india-private-funds
Frasers Hospitality Trust’s sudden lurch to a higher tax rate in Australia serves as a cautionary tale
The news that Frasers Hospitality Trust’s (FHT) wholly owned Australian subsidiary, FHT Australia Trust, will be subject to a higher effective tax rate probably came as a rude shock to its unitholders.
https://www.businesstimes.com.sg/opinion-features/frasers-hospitality-trusts-sudden-lurch-higher-tax-rate-australia-serves-cautionary-tale
FLCT posts 5.7% drop in H2 DPU to S$0.0332 despite higher revenue
The manager of Frasers Logistics & Commercial Trust (FLCT) on Wednesday (Nov 6) reported a distribution per unit (DPU) of S$0.0332 for the second half ended September, down 5.7 per cent from S$0.0352 in the corresponding period the year before.
https://www.businesstimes.com.sg/companies-markets/flct-posts-5-7-drop-h2-dpu-s0-0332-despite-higher-revenue
Keppel to buy AI-ready data centre project in Tokyo
Singapore’s Keppel said on Nov 5 it had agreed to buy an artificial intelligence-ready data centre facility being developed by Japan’s biggest property group Mitsui Fudosan in Tokyo.
https://www.straitstimes.com/business/companies-markets/keppel-to-buy-ai-ready-data-centre-project-in-tokyo
Views, Reviews, Forum and Others
New measure by NEA to deter high bids for hawker stalls
Singapore – Hawkers who submit high bids for stalls from November’s tender exercise will no longer see their rents drop immediately to market rates after their three-year tenancy, as is the case now.
https://www.straitstimes.com/singapore/new-measure-by-nea-to-deter-high-bids-for-hawker-stalls
https://www.channelnewsasia.com/singapore/hawker-rental-renewal-policy-high-bids-tender-4721936
No EWL train services between Tanah Merah and Tampines from Dec 7 to 10 due to track works
Singapore – Train services will not run between Tanah Merah and Tampines stations from Dec 7 to 10, so that works can be carried out to connect tracks from the East-West Line (EWL) to the new East Coast Integrated Depot.
https://www.straitstimes.com/singapore/transport/no-ewl-train-services-between-tanah-merah-and-tampines-from-dec-7-to-10-for-track-works-to-be-done
https://www.channelnewsasia.com/singapore/lta-mrt-no-train-service-between-tanah-merah-and-tampines-ewl-dec-7-10-4724231
https://www.zaobao.com.sg/news/singapore/story20241105-5301023?ref=today-news-section-card-5
Global Economy & Real Estate
Recent US economic data points to a concerned Fed opening the door to series of rate cuts
https://www.businesstimes.com.sg/international/global/recent-us-economic-data-points-concerned-fed-opening-door-series-rate-cuts
US September trade deficit widest in over two years
https://www.businesstimes.com.sg/international/us-september-trade-deficit-widest-over-two-years
Typical US homebuyer more likely to be older, single and a woman
https://www.businesstimes.com.sg/property/typical-us-homebuyer-more-likely-be-older-single-and-woman
Canada’s services PMI shows return to growth in October
https://www.businesstimes.com.sg/international/canadas-services-pmi-shows-return-growth-october
Canada posts higher-than-expected trade deficit in September on lower prices
https://www.businesstimes.com.sg/international/canada-posts-higher-expected-trade-deficit-september-lower-prices
Chinese builder Kaisa puts Hong Kong headquarters up for sale
https://www.businesstimes.com.sg/property/chinese-builder-kaisa-puts-hong-kong-headquarters-sale
Sunac proposes four debt-restructuring options to mainland China creditors: source
https://www.businesstimes.com.sg/property/sunac-proposes-four-debt-restructuring-options-mainland-china-creditors-source
European banks’ commercial real estate exposures ‘visibly deteriorating,’ ECB finds
https://www.businesstimes.com.sg/companies-markets/banking-finance/european-banks-commercial-real-estate-exposures-visibly-deteriorating-ecb-finds
German parts maker Schaeffler to cut 4,700 jobs on auto woes
https://www.businesstimes.com.sg/companies-markets/german-parts-maker-schaeffler-cut-4700-jobs-auto-woes
Tiny homes face the axe in Hong Kong, leaving many families worried
https://www.businesstimes.com.sg/property/tiny-homes-face-axe-hong-kong-leaving-many-families-worried
Hong Kong authorities propose downsizing Tseung Kwan O land development plan after outcry
https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3285289/hong-kong-authorities-propose-downsizing-tseung-kwan-o-land-development-plan-after-outcry
Agile’s boss sells another Hong Kong flat at 62% below cost in fire sale
https://www.scmp.com/business/article/3285296/agiles-boss-sells-another-hong-kong-flat-62-below-cost-fire-sale
Indonesia’s Q3 GDP rises 4.95% from a year ago, slightly slower than Q2
https://www.channelnewsasia.com/business/indonesias-q3-gdp-rises-495-year-ago-slightly-slower-q2-4725261
Japan service activity shrinks on softer sales, confidence slips further, PMI shows
https://www.channelnewsasia.com/business/japan-service-activity-shrinks-softer-sales-confidence-slips-further-pmi-shows-4726836
Some middle-class Malaysians say they are being ‘punished’ by PM Anwar’s planned subsidy cuts for ultra-rich
https://www.channelnewsasia.com/asia/malaysia-t15-subsidy-cut-ron95-petrol-budget-anwar-4724701
New Zealand Q3 unemployment hits 4-year high, more rate cuts coming
https://www.businesstimes.com.sg/international/new-zealand-q3-unemployment-hits-4-year-high-more-rate-cuts-coming
Philippines inflation matches estimate, gives room for rate cuts
https://www.businesstimes.com.sg/international/asean/philippines-inflation-matches-estimate-gives-room-rate-cuts
Thai exports could grow above 2% this year, shippers’ group says
https://www.businesstimes.com.sg/international/asean/thai-exports-could-grow-above-2-year-shippers-group-says
https://www.channelnewsasia.com/business/thai-exports-could-grow-above-2-year-shippers-group-says-4724131
UK budget watchdog adopting ‘trust but verify’ approach to finance ministry
https://www.businesstimes.com.sg/international/uk-budget-watchdog-adopting-trust-verify-approach-finance-ministry
UK services sector lost steam in lead up to the budget, PMI shows
https://www.businesstimes.com.sg/international/uk-services-sector-lost-steam-lead-budget-pmi-shows
UK consumer spending slowed before last week’s Budget, retailers say
https://www.businesstimes.com.sg/international/uk-consumer-spending-slowed-last-weeks-budget-retailers-say
Former TPG partner’s real estate startup bets big on UK housing
https://www.businesstimes.com.sg/property/former-tpg-partners-real-estate-startup-bets-big-uk-housing
New mpox strain detected in UK spreads to household contacts of first case
https://www.channelnewsasia.com/world/uk-mpox-clade-1b-strain-spreads-household-contacts-4723331
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