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Nov 21, 2024 | 
sg.news.yahoo.com | Khairani Afifi Noordin
On a y-o-y basis, NODX grew by 9.2%, after the 6.5% decrease in the previous quarter. Singapore’s FY2024 growth forecast for total merchandise trade and non-oil domestic exports (NODX) have narrowed to around 5% and 1% respectively, following weaker-than-expected 3Q2024 growth, due to volatile pharmaceuticals as well as ships and boats segments. On a y-o-y basis, NODX grew by 9.2%, after the 6.5% decrease in the previous quarter.
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Nov 7, 2024 | 
sg.news.yahoo.com | Khairani Afifi Noordin
SIA’s 1HFY2024/2025 earnings down 48.5% y-o-y to $742 mil, maintains interim dividend of 10 cents per shareExpenditure grew 14.4% y-o-y to $8.7 billion, driven by a 19.6% increase in net fuel cost and a 12.1% increase in non-fuel expenditure. Singapore Airlines (SIA) has posted earnings of $742 million for the 1HFY2024/2025 ended September, 48.5% lower y-o-y due to weaker operating performance.
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Nov 5, 2024 | 
sg.news.yahoo.com | Khairani Afifi Noordin |Nicole Lim
The ninth SFF kicks off on Nov 5, against the backdrop of the ongoing US Presidential election race. Against the backdrop of one of the tightest US Presidential elections in history, the ninth edition of the Singapore Fintech Festival (SFF) kicked off on Nov 5.
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Oct 8, 2024 | 
sg.news.yahoo.com | Khairani Afifi Noordin
he 124-unit property was divested at 40.1% above book value at an exit ebitda yield of about 0.3%. Photo: CLASCapitaLand Ascott Trust (CLAS) has divested Citadines Karasuma-Gojo Kyoto in Japan for JPY6.18 billion ($53.1 million). The 124-unit property was divested at 40.1% above book value at an exit ebitda yield of about 0.3%, it says in a filing. The hotel was sold to Hilton Grand Vacations, the vacation ownership partner of Hilton, with the deal brokered by JLL.
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Oct 8, 2024 | 
sg.finance.yahoo.com | Khairani Afifi Noordin
The 124-unit property was divested at 40.1% above book value at an exit ebitda yield of about 0.3%. CapitaLand Ascott Trust (CLAS) has divested Citadines Karasuma-Gojo Kyoto in Japan for JPY6.18 billion ($53.1 million). The 124-unit property was divested at 40.1% above book value at an exit ebitda yield of about 0.3%, it says in a filing. Net proceeds of the divestment are JPY4.4 billion. CLAS has recognised a net gain of JPY0.9 billion.
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Sep 29, 2024 | 
sg.finance.yahoo.com | Khairani Afifi Noordin
The REIT's pro forma aggregate leverage will improve to 54.2% from 56.3%. Manulife US REIT (MUST) is divesting 400 Capitol Mall in Sacramento, California for US$117 million ($150 million). The REIT intends to utilise the net sales proceeds and existing cash to repay all of its US$130.7 million loans due in 2025 by the end of this year. Post-repayment, there will be no loan maturities until 2026. The sale price takes into account the independent valuation of US$118 million as at September 1.
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Sep 22, 2024 | 
sg.finance.yahoo.com | Khairani Afifi Noordin
Koh will succeed Ng as CFO from December 1. Singapore Exchange (SGX) Group has appointed Daniel Koh as CFO designate effective October 1. He will succeed Ng Yao Loong as CFO from December 1 as Ng transitions to the position of head of equities. Koh played a pivotal role in advancing industry development in Singapore and the region. He was previously with Standard Chartered Bank as managing director, global head of treasury markets.
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Sep 11, 2024 | 
sg.finance.yahoo.com | Khairani Afifi Noordin
The company says it is still planning the details and structure of the proposed secondary listing. Grand Venture Technology (GVT) confirms that it is in discussions for a potential secondary listing of its shares on the Main Market of Bursa Malaysia. In a filing pre-market opening on September 12, the company says it is still planning the details and structure of the proposed secondary listing, further clarifying that no application has been made to the relevant authorities.
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Sep 8, 2024 | 
sg.finance.yahoo.com | Khairani Afifi Noordin
The manager expects to acquire an interest of approximately 10% in the facility. Digital Core REIT has issued a notice to acquire a further interest of between 0.2% and 40% in the freehold data centre property located at Wilhelm-Fay-Straße 15 and 24 in Frankfurt, Germany. The REIT, through its subsidiary Singapore Sub 5, currently holds a 49.9% interest in the Frankfurt facility. The total acquisition cost is estimated to be between approximately US$1.1 million ($1.43 million) and US$213 million.
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Sep 4, 2024 | 
sg.finance.yahoo.com | Khairani Afifi Noordin
The subscription period for the Class Q shares will close on September 24. Franklin Templeton has partnered with OCBC to launch the new Class Q shares for its flagship Franklin Income Fund, which will be offered exclusively to OCBC clients in Singapore. Designed to promote long-term investing, the new Class Q shares are available in US dollar and Singapore dollar with no initial sales charges upon subscription during the offer period.
