Business Times: Sat, Jul 14
Reits - a look beyond the yields
SINCE they were launched 10 years ago, real estate investment trusts (Reits) in Singapore have earned a reputation as a defensive asset that pays out regular dividends. Data compiled by BT show that despite market volatility over the years, investors who put their money in Singapore's 22 Reits since Day One would have lost money only in four.
300,000 may be kicked offline today
THE Internet has been in a tizzy since late last week, after the FBI issued its final deadline before it switches off a ring of servers running malicious code on Monday. The US agency took control of the DNSChanger botnet last November.
Asian cover may save S'pore from US downpour
THE raft of dismal US corporate earnings pointing to lacklustre growth may not be a sobering prelude to Asia's earnings performance, or weigh too heavily on equity market sentiment, some analysts say. In particular, a report by Citi Research noted that Singapore, being an open economy, has been wrongly typecast as a proxy for the developed markets, when it offers attractive exposure to Asean and other parts of Asia.
CapitaLand, Ascott Reit plot Cairnhill bonanza
CAPITALAND will "exchange" several properties with its own unit, Ascott Residence Trust (Ascott Reit) in the coming months via a series of acquisitions and divestments. Ascott Reit's Somerset Grand Cairnhill Singapore property, located along Orchard Road, is set to be sold to CapitaLand for redevelopment for $359 million.
Yuan clearing bank may be a game-changer
WHEN Singapore gets it own yuan clearing bank, bankers not only expect business volumes to shoot up but also other sectors to benefit.
More companies and banks could open their offices or step up operations here, if Hong Kong's experience as an offshore yuan market is anything to go by.
Bar raised for foreigners' families keen to stay here
FIRST, higher levies and stricter work pass conditions made it harder for foreigners to work here. Now, foreigners will also find it tougher to keep their families here, under a new rule announced on the Ministry of Manpower website on Monday.
MOT, LTA share responsibility with SMRT for disruptions
TRAIN operator SMRT's maintenance regime had shortcomings, but both the Ministry of Transport, as the supervising ministry, and the Land Transport Authority, as the regulator, have to shoulder their share of the responsibility for the service disruptions last December, Transport Minister Lui Tuck Yew told Parliament on Tuesday. "We could have done more, and could have done better," he said.
Vacated spaces fill up in hardy office market
THE huge space that banking giant Citi left behind when it vacated Centennial Tower for Asia Square late last year has almost been filled. Meanwhile, other major office leasing deals are brewing as this segment has remained resilient despite dire predictions.
Heathrow Traffic Games will peak Aug 13-15
LONDON'S already busy Heathrow airport is bracing itself for its biggest-ever passenger volumes on Aug 13, 14 and 15 as 80 per cent of all athletes, officials and media depart the British capital after the London 2012 Olympic and Paralympic Games. Just during this period, it expects a 39 per cent increase of direct departing passengers, from 90,000 to 125,000.
American economy slows, Fed keeps hands in pockets
THE US economy is losing steam and Federal Reserve officials are prepared to act if things get worse - but not just yet, the minutes of its June policy meeting showed. Few Fed officials were prepared to support immediate action to ease monetary conditions further, although they believed that growth is faltering in the world's biggest economy.
IHH to hit high notes with shares at RM2.80
RIDING a wave of robust investor interest, Malaysia's IHH Healthcare has priced its shares at RM2.80 - the higher end of an indicative range. The Singapore portion of the US$2 billion initial public offering has been set at S$1.113.
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