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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.
August 17, 2017
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.
August 16, 2017
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.
August 07, 2017
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).
July 24, 2017
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.
July 06, 2017
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
June 30, 2017
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.
May 31, 2017
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.
May 24, 2017
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
May 17, 2017
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
May 05, 2017