The hospitality industry plays a very crucial role in the global economy as according to the World Travel and Tourism Council, travel and tourism generated in total US$7.6 trillion (approximately 10.2 percent of global gross domestic product) and 292 million jobs in 2016, which is equivalent to around one in 10 jobs in the global economy.
Investors’ Corner (Viva Industrial Trust, Y Ventures Group, Keppel Corporation, Frasers Centrepoint Trust)
Viva Industrial Trust (VIT) delivered a strong 4Q17 performance with revenue and net property income rising 10.8% and 14.3% respectively. UE BizHub East, situated above the Expo station, has benefited from improved connectivity and accessibility following the commencement of Downtown Line 3 in Oct-17.
Wall Street saw a mild selloff early this week dropping 540 points from its peak pressured by a spike in 10-year Treasury yield pushing above 2.7 percent. Meanwhile, the first FOMC meeting of the year did not b...
Midas Holdings (Midas) attracted a lot of attention two weeks ago as it surged 43.2 percent in a single trading day on 3 January 2018 with 459.8 million shares changing hands.
According to flash estimates, Urban Redevelopment Authority’s overall private residential price index rose 0.7% in 4Q17 with prices increasing across all three sub-segments.
2017 ended with many reasons for investors to rejoice as the Straits Times Index posted a stellar 17.9 percent year-to-date (YTD) return finishing at 3,402.92. Looking back at the performances of each respective sectors, Maritime, Financials and Real estate sectors topped the chart delivering remarkable double-digit gains amidst oil price recovery, a gradual US rates hike and property market rebound.
2018 kicked off with a good start extending last year’s bullish sentiments. Within 3 trading sessions we are already seeing the Straits Times Index (STI) surge past last year’s high of 3,468.77 to 3,501.16 on 4...
Investors’ Corner (OUE Hospitality Trust, Singapore Airlines, Yoma Strategic Holdings, Frasers Centrepoint Trust)
OUE Hospitality Trust (OUEHT) has refinanced $859m worth of debt expiring over the next 3 years. The average cost of debt post refinancing stood at 2.4%, 40bps lower than the current cost of 2.8% and resulted in finance cost savings of $3m - $4m per annum.
The US markets kicked off 2018 on a positive note with major indices rallying to record levels fueled by energy and technology stocks. Dow Jones Industrial Average broke 25,000 hitting an all-time high of 25,07...
For many holidaymakers, duty free shopping at the entry and exit points tend to be one of the to-dos in their agenda to complete their ideal vacation. Savvy shoppers would understand that purchasing big-ticket items in such duty free retail outlets before boarding the plane or leaving the gate could easily mean a couple of hundred dollars in tax savings.