Hillcrest Villa
A luxury villa with lavish recreational facilities and private security. A spacious landed home featuring a personal basement and attic. A prestigious District 11 address. Step inside Hillcrest Villa and be magically taken to a tropical wonderland. Enjoy the sights of charming greenery and timber décor while you relax on the Timber Promenade, or find … Read more
Far East Organization headed for rebranding
FAR East Organization (FEO), headed by Singapore’s richest man, Ng Teng Fong, looks set to undergo a corporate rebranding exercise as it gears up for challenging times ahead. Mr Ng’s son, Philip, who is also the company’s CEO, said that it will be ‘embarking on a formal and articulated programme to circumscribe a more visible … Read more
Wing Tai JV to buy 43-storey condo in KL
TWO listed units of Wing Tai Holdings have agreed to pool synergies in the hospitality and property management sector by forming a joint venture (JV) to acquire a 43-storey condominium in Kuala Lumpur, which will be jointly owned and operated as serviced apartments. Bursa Malaysia-listed DNP Holdings on Wednesday entered into a joint venture and … Read more
Resorts World at Sentosa finalises $4b loan
GENTING International’s Resorts World at Sentosa (RWS) has completed the syndication of a $4 billion credit facility for its integrated resort (IR), at an interest rate of 175 basis points above the Singapore Swap Offer Rate. The tenure of the loan – one of the biggest undertaken in Singapore – extends to 2015. On Jan … Read more
CRCT income for distribution 8.5% higher than forecast
CAPITARETAIL China Trust (CRCT) has announced income available for distribution to unit-holders of $6.3 million for the period Feb 5 to March 31 – $0.5 million or 8.5 per cent higher than its forecast of $5.8 million. Available distribution per unit (DPU) for the period is 1.02 cents (6.66 cents on an annualised basis), which … Read more
MapletreeLog distributable income up 37% in Q1
MAPLETREE Logistics Trust (MapletreeLog) yesterday reported distributable income of $21 million for the first quarter ended March 31, up 37 per cent from the corresponding period last year. This comes on the back of a 48 per cent jump in gross revenue from the year-ago period to $42.6 million. The increase in distributable income came … Read more
CapLand JV buys IT park site near Mumbai
CAPITALAND said yesterday that its associate Loma IT Park Developers has bought a 121,450 sq m site at the Trans Thana Creek industrial area in Navi Mumbai, India, for $79 million. The seller is Standard Industries, a company listed on the Bombay Stock Exchange and the National Stock Exchange of India. CapitaLand and its partner … Read more
DBS losing 2 more senior staff, both MDs
DBS Bank is losing two more senior staff – managing directors Wong Ban Suan and SF Wong. Sources told BT that Wong Ban Suan, head of the bank’s group central treasury unit, is leaving. He is in charge of centralising the management of the bank’s overall asset and liability position, and is responsible for investing … Read more
GIC says deep recession is but one of three likely outcomes
THE world could face its worst recession in 30 years, but that is, for now, just one of three possible scenarios that the Government of Singapore Investment Corporation (GIC) has drawn up. GIC deputy chairman Tony Tan yesterday said the gloomy outlook he delivered at a staff meeting on Monday was not a prediction for … Read more
Tony Tan’s ‘worst recession’ remark not a forecast
Government of Singapore Investment Corp (GIC) deputy chairman Tony Tan yesterday clarified that his remarks earlier this week that the world could be facing its worst recession in 30 years unless policymakers act soon were not meant as a forecast for the global economy. Instead, they referred to a ‘pessimistic scenario’ – one of three … Read more
