Tuesday, 5 July 2016

SGX Tips : Mapletree Commercial Trust acquiring Mapletree Business City (Phase 1) for $1.78 bil from sponsor


SINGAPORE (July 5): Mapletree Commercial Trust (MCT) is acquiring the office and business park components of Mapletree Business City (Phase 1) from sponsor Mapletree Investments for a purchase consideration of $1.78 billion.

One of the largest integrated office and business park complexes in Singapore, Mapletree Business City (Phase 1) the acquisition involves the purchase of the strata leasehold interest of an office tower and three business park blocks with a total net lettable area of over 1.7 million sf.

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Monday, 4 July 2016

Brexit vote a wake-up call for Asean, Indonesia's Lembong Says


JAKARTA/SINGAPORE (July 4): The UK vote to leave the EU should be a wake up call for the Association of Southeast Asian Nations to make trade agreements more in touch with the needs of working people and not projects of the elites, said Indonesia's Trade Minister Thomas Lembong.

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  • DBS
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  • Keppel

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Friday, 1 July 2016

SGX Stock Tips : KrisEnergy transfers revolving credit facility to DBS Bank; CEO retires .


SINGAPORE (July 1): KrisEnergy has transferred its revolving credit facility to a single lender, DBS Bank.

In an announcement on Friday, the upstream oil and gas company says that as a result, its previous requirements for the facility's repayment and cancellation of US$55 million ($74 million) by July 29 and for raising minimum new capital of US$100 million and US$50 million by June 30 and November 30 this year, will no longer apply.

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