News
Raffles Education sells 51 Merchant Rd to LaSalle JV for S$121.8 million; reaps S$53 million gain
Four-storey commercial building with conserved buildings and basement car parks sold for about 78% over book value[SINGAPORE] Raffles Education has sold its corporate building at 51 Merchant Road for...
Raffles Education sells corporate building for S$121.8 million
The property at 51 Merchant Road is being sold at about 78% over book value to an unnamed real estate player[SINGAPORE] Raffles Education has sold its corporate building at...
Travel platform Klook to delay US listing until early 2026: sources
The company expects investors to be more receptive to an IPO once the holidays are over[HONG KONG] Klook Technology plans to list in the US early next year, according...
Singapore Bank OCBC’s shares hit record as wealth unit shines
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago[SINGAPORE] Oversea-Chinese Banking Corp (OCBC) shares hit a fresh record as the wealth-management...
Aletheia Capital downgrades Wilmar to ‘sell’, cuts target to S$2.50 on legal woes
[SINGAPORE] Aletheia Capital has lowered its rating on Wilmar International from “buy” to “sell” on the belief that the agribusiness group’s recent legal woes obscure its “earnings recovery narrative”...
Bukit Sembawang Estates a ‘potential dividend powerhouse’: DBS
[SINGAPORE] Bukit Sembawang Estates has been identified as a “potential dividend powerhouse” by DBS Group Research, which sees the possibility of a special dividend of up to S$1 per...
Ad giant Omnicom to cut over 4,000 jobs, fold legacy brands after IPG takeover
The advertising industry faces a serious threat as artificial intelligence reshapes creative production and tech giants[BENGALURU] Omnicom said on Monday (Dec 1) that it will lay off more than...
Gold edges lower as investors book profits
US rate futures are pricing in an 88% chance of a rate cut in December, according to the CME’s FedWatch tool[BENGALURU] Gold edged lower in early Asian trading on...
US moves to deepen minerals supply chain in AI race with China
The Asian nation is home to more than 90% of global rare earths and permanent magnets refining capacity[WASHINGTON] The US will seek agreements with eight allied nations as part...
Warner Bros gets mostly cash Netflix offer in new round of bids
[NEW YORK] Warner Bros Discovery was fielding a second round of bids on Monday (Dec 1), including a mostly cash offer from Netflix, in an auction that could wrap...
