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CNA938 Rewind - Stock take today: S&P 500 rallies near record, tariff deadline extension

CNA938 Rewind - Stock take today: S&P 500 rallies near record, tariff deadline extension

CNA6 hours ago

CNA938 Rewind - Big Shot: Halimah Yacob and life after presidency
In the June edition of Big Shot, Andrea Heng and Hairianto Diman speak with former President Halimah Yacob, who's now Chancellor of Singapore University of Social Sciences, on her time as Singapore's head of state and life after presidency.
20 mins
CNA938 Rewind - Stock take today: S&P 500 rallies near record, tariff deadline extension
On the daily markets analysis on Open For Business, Andrea Heng and Hairianto Diman speak with Kingsley Jones, CIO, Jevons Global.
12 mins
CNA938 Rewind - Is it time to lift the 15-month wait-out period for private home owners?
National Development Minister Chee Hong Tat said recently that private property owners looking to buy a non-subsidised resale HDB flat may not need to wait till 2027 or 2028 for a review of the wait-out requirement. Andrea Heng and Hairianto Diman speak with Dr Lee Nai Jia, Head of Real Estate Intelligence at PropertyGuru, to find out if it's the right time to remove this temporary restriction.
10 mins
CNA938 Rewind - TalkBack: Why does it seem challenging for Singapore football to hold on to a head coach?
Tsutomu Ogura has resigned as head coach of the Singapore national football team due to personal reasons. This leaves Singapore looking for its fourth national coach in six years. Lance Alexander and Daniel Martin speak with Yazeen Buhari, FIFA consultant and former General Secretary of the Football Association of Singapore.
28 mins

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Harvey Norman opens new store at Lot One mall with special deals
Harvey Norman opens new store at Lot One mall with special deals

CNA

time15 minutes ago

  • CNA

Harvey Norman opens new store at Lot One mall with special deals

Harvey Norman has opened its brand-new store at Lot One in Choa Chu Kang, with special deals for shoppers. Located on the third level, the new store offers a mix of home appliances and IT products including built-in cooking appliances, vacuums, personal care products, gaming products and more. Shoppers can expect a wide range of energy and water-efficient appliances as part of Harvey Norman's broader commitment to environmental responsibility, including refrigerators, air conditioners and washing machines, majority of which are applicable with climate vouchers. Harvey Norman's Next Gen AI experts will also show customers how to integrate AI into everyday life through a wide selection of laptops from brands such as Acer, Asus, HP, Lenovo, Microsoft and MSI. In conjunction with its grand opening at Lot One, shoppers can now enjoy exclusive opening deals including Monster True Wireless Earbuds at S$10 (usual price is S$79), a Dyson Supersonic at S$399 with a S$50 Harvey Norman gift card (usual price is S$599), as well as a Sharp 7kg Front Load Washer at S$1 after the S$400 climate voucher and Harvey Norman rebates (usual price at S$531). 'Lot One is a vibrant hub for families, students and professionals, and we're excited to bring our extensive product range and trusted service to the community,' said Bernice Kwok, managing director of Harvey Norman Singapore and Malaysia. 'Beyond offering everything from smart home appliances to Next Gen AI computing devices, we have knowledgeable product specialists to guide customers in finding what best suits their lifestyles, along with hands-on product demos to enhance the customer journey and meet the evolving needs of today's consumers.' Facebook page for more information.

Japan's NTT files billion-dollar Reit listing with MAS; IPO set to be SGX's biggest in four years
Japan's NTT files billion-dollar Reit listing with MAS; IPO set to be SGX's biggest in four years

Business Times

timean hour ago

  • Business Times

Japan's NTT files billion-dollar Reit listing with MAS; IPO set to be SGX's biggest in four years

[SINGAPORE] Japanese telco Nippon Telegraph and Telephone (NTT) is spinning off some of its data centres into a Singapore-listed real estate investment trust, or S-Reit, marking what is likely to be the largest Singapore listing in four years. The last company to list at this size was the US$977 million initial public offering (IPO) of Digital Core Reit in 2021. The portfolio will comprise six of its data centre assets, initially indicated to be transferred to the Singapore Reit called NTT DC Reit for about US$1.6 billion. The initial portfolio of NTT DC Reit comprises six data centres – four located in the US, one in Austria and one in Singapore. In its prospectus lodged with the Monetary Authority of Singapore (MAS) on Friday (Jun 27), NTT said that the manager was listing as it believed there is significant growth in the global data centre market with further headroom for expansion. This includes consistent growth in data centre pricing globally, alongside increasing capacity absorption and declining vacancies as well as a surge of capital allocation into data centres alongside increasing demand and consistent pricing growth. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The IPO portfolio is also strategically diversified across key global markets, including the top 10 markets in the US and Asia-Pacific. NTT has a market capitalisation of around US$90 billion. Cornerstone investors include Singapore's sovereign wealth investor GIC, AM Squared, Pinpoint Asset Management and Ghisallo Master Fund. NTT has one of the largest global data divisions, covering more than 20 countries and regions across the Americas, Asia-Pacific, Europe, the Middle East and Africa. NTT's proposed listing comes after a subdued market in recent years, where delistings have outpaced new listings on the local bourse, with more Singapore companies choosing to list on global exchanges. It also comes after the MAS' equities market review group put forward several proposals to boost the local equity market earlier this year. The proposals by the group, which was set up last August, include introducing tax incentives to spur more listings and a S$5 billion investment fund for asset managers to improve the bourse's liquidity.

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