“The deal is marginally yield accretive…raising DPU marginally by 1.0%-2.0%. In the long run…the deal is a huge positive as it enables Suntec REIT to acquire one of the key office prime jewels in Singapore.”
Bottoming of Singapore office rents amid stronger-than-expected demand has swung “bargaining pendulum” back to landlords, prompting tenants to commit sooner than expected, says Nomura, according to Dow Jones.
Lion, an arm of Oversea-Chinese Banking Corp’s (OCBC.SI) insurance unit Great Eastern (GELA.SI), is also bearish on palm oil stocks and has cut its exposure in recent months, fund manager Kelvin Wong told Thomson Reuters in an interview.
Bangladesh Prime Minister Sheikh Hasina has expressed her government’’s interest in reopening a rail link between Bangladesh and India to establish stronger connectivity between the two neighbouring countries in the fields of trade, investment and people-to-people contacts.
The railway link was severed following 1965 India-Pakistan war and has been non-operational since then.
She conveyed this at [...]
