Transview has benefited from a stronger S$ against the Yen but this improved margin has been offset by increased competition on the golf club market especially from brands such as Taylor Made which has put some downward pressure on the selling prices of their brands.
The disappointing figures prompted a rare swing in the local currency market and economists said a bleak economic growth outlook may preclude the central bank from tightening monetary policy further.
Keppel Land’s wholly owned real estate fund management arm, Alpha Investment Partners (Alpha), has announced the closing of its new fund, Alpha Asia Macro Trends Fund. The Fund raised a total of U$1.2b from 15 institutional investors, which exceeded its original target of U$1b.
Crude futures on Tuesday closed down more than $6 a barrel, the biggest daily drop in more than 17 years, as concerns that slowing economic growth will dampen oil demand.
Koda warned yesterday of weaker full-year profits this financial year, citing lower-than-expected sales from the US which accounts for 40% of its sales.
Cambridge Industrial Trust (CIT) is seeking unit-holders approval to convert into a Syariah-compliant REIT to capitalise on the growing wealth in the Middle East and cultivate a new investor pool when raising capital or issuing debt.
E3 said that it has decided not to proceed with the proposed acquisition after considering the capital and management resources required. Jade Technologies Holdings had in May pulled out of a partnership with E3 to acquire the stake in SYPC.
Singapore Post (SingPost) has reportedly put its 14-storey landmark headquarters building next to Paya Lebar MRT Station for sale at around $850m based on the existing use of Singapore Post Centre. SingPost is expected to lease back the space it currently occupies.
July 9, Crude oil traded near a two-week low after falling the most in three months yesterday as Iran downplayed the possibility of a war and the Dollar rose, limiting the appeal of commodities.
Albedo has entered into a reverse takeover deal to buy up all of HealthTrends Medical Investments, a regional healthcare enterprise providing integrative medical, aesthetics and wellness care services, by issuing new shares at $0.25 apiece with a total value of up to $400m.
