Frasers Hospitality Trust to suspend trading on Sep 12, expected to delist on Oct 6

Payment for the scheme consideration to eligible securityholders is set to be made on or around Sep 30[SINGAPORE] Frasers Hospitality Trust (FHT) has received the court’s sanction for its proposed…

Continue ReadingFrasers Hospitality Trust to suspend trading on Sep 12, expected to delist on Oct 6

SembWaste rebrands to Cora Environment, commits S$200 million to waste management growth

The investment will boost its core capabilities, support upgrades to existing facilities[SINGAPORE] SembWaste, now known as Cora Environment, will invest US$200 million to drive its transformation and growth in waste…

Continue ReadingSembWaste rebrands to Cora Environment, commits S$200 million to waste management growth

Vietnam probes suspected cyberattack on its national credit information database

This comes after an international hacker group offers to sell a ‘full country’ credit database containing ‘very sensitive information’[HO CHI MINH CITY] A suspected data breach has been identified at…

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Sembawang EC site sees tepid response; JBE unit tops tender with S$692 psf ppr bid

Site for small 265-unit executive condominium attracts four bids, including lowball S$381 psf ppr offer[SINGAPORE] JBE Holdings-owned Oriental Pacific Development topped four bids for an executive condominium (EC) site in…

Continue ReadingSembawang EC site sees tepid response; JBE unit tops tender with S$692 psf ppr bid

Evia, Gamuda, Ho Lee consortium places top bid of S$1.01 billion, or S$980 psf ppr, for Yishun site

The 99-year leasehold commercial and residential site in Chencharu Close, near Khatib MRT station, draws total of three bids in a state tender[SINGAPORE] A mixed-use commercial and residential site in…

Continue ReadingEvia, Gamuda, Ho Lee consortium places top bid of S$1.01 billion, or S$980 psf ppr, for Yishun site

Platform operators, government to crack down on illegal work as recommended by trilateral group

[SINGAPORE] Platform operators and the government will take stronger action against illegal activity that undercuts local platform workers, following recommendations from a trilateral group.Six of the 10 recommendations from the…

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Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2025 on robust growth and higher consumption

Corporate tax takings rise 6.7% to S$30.9 billion and remain the largest contributor[SINGAPORE] The Inland Revenue Authority of Singapore (Iras) collected S$88.9 billion in tax revenue for the financial year…

Continue ReadingSingapore’s tax revenue up 10.7% at S$88.9 billion in FY2025 on robust growth and higher consumption

Global crypto exchanges may see outflow of Vietnamese investors with new local rules

Crypto asset trading in Vietnam is allowed only via licensed domestic service providers, in which foreign ownership is capped at 49% [HO CHI MINH CITY] Vietnam’s recent rule barring domestic crypto…

Continue ReadingGlobal crypto exchanges may see outflow of Vietnamese investors with new local rules