US

Property

Ascott Residence Trust completes acquisition of Doubletree by Hilton New York – Times Square South

SINGAPORE (Aug 17): The manager of Ascott Residence Trust (ART), Ascott Residence Trust Management, says the REIT’s acquisition of DoubleTree by Hilton New York – Times Square South in New York, US, has been completed.

China Focus

China crackdown hasn’t ended its foreign buying spree

HONG KONG (Aug 16): China’s government has sent shudders through investors and executives this year by cracking down on the nation’s biggest corporates and their record foreign shopping spree.
From Bloomberg

US Economy

US economy running hot; labour market improves

SINGAPORE (Aug 7): The US seems to be creating jobs at an “impressive pace” despite its economy facing tight labour markets and supply shortages, says Bank of Singapore.

M&A

Centurion acquiring 5 US varsity dorms for $187 mil; to take up to 30% stake in portfolio

SINGAPORE (July 24): Centurion Corporation is planning to acquire a portfolio of 1,936 beds in five student accommodation assets in US for a consideration of US$136 million ($187 million).

Emerging Markets

Asian EMs enjoy a supportive economic landscape with reasonable valuations: Deutsche

SINGAPORE (July 6): Deutsche Bank Wealth Management is retaining its “overweight” stance on emerging market (EM) equities, particularly Asia ex-Japan, as it deems the region’s economic landscape as supportive and its valuations reasonable.

Investing strategies

There’s no better time than now to buy into US banks. Here’s why

SINGAPORE (June 30): The Bank of Singapore (BoS), a subsidiary of Oversea-Chinese Banking Corporation (OCBC), remains “overweight” on the US financial sector due to the potential de-regulation for US banks as well as their prospects for higher-than-ex

Ascott Residence Trust acquires Doubletree by Hilton hotel in Manhattan for $148 mil

SINGAPORE (May 31): Ascott Residence Trust (ART) is acquiring DoubleTree by Hilton Hotel New York – Times Square South for US$106 million ($148.4 million), a 224-unit freehold property located on 36th Street in Midtown Manhattan.

IPO

Southeast Asia's biggest startup said to file for US$1 bil IPO

SINGAPORE (May 24): Sea, Southeast Asia’s most valuable startup, has filed confidentially for a potential US initial public offering that could raise about US$1 billion ($1.4 billion), according to people with knowledge of the matter.

Global Markets

Taiwan seeks stronger Asia ties to overcome reliance on China

TAIPEI (May 17): “Go west!” is the mantra Taiwanese companies lived by for the best part of three decades, turning China into their biggest trading partner. But with cross-strait relations at their worst in close to a decade, President Tsai Ing-wen is

Global Economy

House passes Obamacare repeal in razor-thin GOP victory

WASHINGTON (May 5): House Republicans mustered just enough votes to pass their health-care bill Thursday, salvaging what at times appeared to be a doomed mission to repeal and partially replace Obamacare under intense pressure from President Donald Trump
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