A-Reit full-year distributable income rises 14.3% to $187.3m
ASCENDAS Real Estate Investment Trust (A-Reit) has reported gross revenue of $322 million for the full year ended March 31, 2008 – an increase of 13.9 per cent over the previous year. Net property income for the year came to $243 million, up 15.8 per cent year on year. Distributable income for the FY2007-08 totalled … Read more
Another senior DBS executive quits
The exodus continues at DBS Bank, with the bank losing yet another senior executive who is a member of its management committee, sources told BT. David Lau, who is managing director and joint Head of global financial markets at DBS Bank, is believed to have resigned from the bank. Mr Lau, together with Eric Ang, … Read more
Key gauge of economic health due for a checkup
It is widely followed as a leading indicator of the domestic manufacturing economy, but the Singapore purchasing managers’ index (PMI) appears of late to have lost its link with the sector, and looks in need of a revamp. Asked to comment, the man who developed the index – PMI specialist Philip Poh, who himself hasn’t … Read more
F&B in a village, a park and club
Wessex Village Square 5B Portsdown Road THE leafy confines around Wessex Estate, a quiet, 28-hectare colonial-era residential enclave in the Portsdown Road area, are looking pretty spiffy these days, having been given a polish as part of an extensive makeover that is intended to retain the area’s retro charm while injecting some new life into … Read more
Venice calling
SINGAPOREANS will have a say in what the nation should exhibit at the upcoming 11th Venice Biennale International Architectural Exhibition, on from Sept 14 to Nov 23 this year. This is the world’s most prestigious platform for showcasing the latest architecture worldwide. This year’s theme is on architecture beyond just buildings. About 100,000 people are … Read more
Singapore as a sports hub: Multi-level expansion blueprint
FOR Singapore to be have a $2 billion-a-year sports industry by 2015, it needs to be a bustling metropolis that lives and breathes sport 24 hours a day. And The Straits Times was given a sneak peek into the country’s future sporting landscape yesterday by the Singapore Sports Council (SSC) chief executive officer Oon Jin … Read more
A-REIT reports full-year earnings of S$187.3m
Ascendas Real Estate Investment Trust (A-REIT) has posted a 14.3 percent rise in full-year earnings to S$187.3 million. Revenue jumped by 13.9 percent to S$322 million. A-REIT has also reported strong occupancy rates for its portfolio. Overall occupancy rates stood at 98.4 percent at the end of last month. The industrial trust said organic growth … Read more
Rohde & Schwarz sets up first regional HQ in Singapore
Broadcasting and radio communications firm Rohde & Schwarz has said Asia will be the source of technological innovations in the future, and that is why it has set up its first regional headquarters outside Germany in Singapore. Research and development (R&D) will be the focus of Rohde & Schwarz’s new regional headquarters in Changi Business … Read more
University of Adelaide plans to make S’pore campus its second largest
The University of Adelaide plans to make its campus in Singapore its second largest within two years. By 2010, its student numbers will be doubled. The University made this announcement at a dinner on Friday. The event was held to celebrate the 10th anniversary of its educational partnership with Ngee Ann Kongsi. Professor John Taplin, … Read more
Raise en-bloc consent ratio to 99%
WHEN the Land Titles (Strata) Act was amended, the majority required to approve a collective property sale was changed from 100 per cent to 80 per cent on the following basis: A small minority (as we understand it) in places like Kim Lim Mansion blocked sales from going through; The change to the law was … Read more
