CDL retail tenants get full rental rebates in April, 50% in May
CITY Developments Limited (CDL), one of Singapore's largest commercial landlords, on Monday said it is committing more than S$17 million in property tax and rental rebates to help its office and...
Deeper pay and fee cuts for SIAEC management, directors
THE management of SIA Engineering Company (SIAEC) is taking a deeper pay cut than previously announced, while the directors have also volunteered a larger reduction in their fees.
Eagle Hospitality gets notice of default on US$341m loan; delays payout
THE crisis at Eagle Hospitality Trust (EHT) has escalated sharply, with its issue managers disclosing on Tuesday that they had received a demand for the immediate repayment of a US$341 million...
Singapore general insurance sector falls into red with S$28m underwriting loss
THE General Insurance Association of Singapore (GIA) recorded an underwriting loss of S$28 million last year, versus an underwriting profit of S$36.3 million in 2018.
Eagle Hospitality Trust gets notice of default on US$341m loan, delays distribution
EAGLE Hospitality Trust’s (EHT) managers are delaying the distribution to stapled security holders, after having received a notice of default and acceleration on a syndicated loan of which US$341...
SPH scraps purchase of Canada aged-care assets on Covid-19 'instabilities'
AMID the novel coronavirus outbreak, Singapore Press Holdings (SPH) will not be going ahead with its C$232.9 million (S$244.5 million) proposed acquisition of six senior housing properties in Canada.
Covid-19 will weaken governments' fiscal positions, weigh on ratings: Fitch
THERE will likely be a higher-than-average number of sovereign rating actions this year, due to the coronavirus outbreak's economic impact combined with the policy responses, according to Fitch...
SIA slides following govt travel directive
SHARES of Singapore Airlines (SIA) fell S$0.46 or 6.4 per cent to close at S$6.74 on Monday, after the government announced new measures to reduce the spread of Covid-19.
Rental rebates for virus-hit retail tenants at Starhill Global Reit's Wisma, Ngee Ann City
RENTAL rebates and marketing assistance are among support measures rolled out to Starhill Global Real Estate Investment Trust’s (SGReit) retail tenants at its two Singapore properties.
Frasers Property offers support to Singapore mall tenants
TENANTS at 14 malls across Singapore will receive support from Frasers Property Retail (FPR) to tide them over the impact of the novel coronavirus outbreak on their business.