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Business Times
3 days ago
- Business
- Business Times
Keppel DC Reit set to join STI from Jun 23
[SINGAPORE] Following the Straits Times Index's (STI) June quarterly review, Keppel DC Reit will be entering the index, replacing Jardine Cycle & Carriage , effective from Jun 23. This increases the total number of S-Reits in the index to eight. The eight S-Reits in the STI will be: CapitaLand Ascendas Reit , CapitaLand Integrated Commercial Trust , Frasers Centrepoint Trust , Frasers Logistics & Commercial Trust , Mapletree Industrial Trust , Mapletree Logistics Trust , and Mapletree Pan Asia Commercial Trust . Keppel DC Reit, with a market cap of S$4.9 billion, re-enters the STI after exiting in June 2023, and is expected to increase S-Reits' combined weight in the index to over 10 per cent. The Reit, Asia's first pure-play data centre Reit, listed in 2014 with eight data centres and S$1 billion in assets under management (AUM). Today, it owns 24 data centres across 10 countries, with an AUM of S$4.9 billion. Of this, 81.6 per cent is in Asia-Pacific (66.3 per cent in Singapore) and 18.4 per cent in Europe. Keppel DC Reit's Q1 2025 results showed a 59.4 per cent year-on-year increase in distributable income, with gross revenue and net property income (NPI) growing by 22.6 per cent and 24.1 per cent, respectively. Its distribution per unit rose by 14.2 per cent to 2.503 Singapore cents for the quarter. This was driven by acquisitions of Keppel DC Singapore 7 & 8, Tokyo Data Centre 1, and higher contributions from contract renewals and escalations in 2024. Portfolio rental reversion was 7 per cent, with no major renewals in 1Q 2025, and portfolio occupancy remained at 96.5 per cent as at Mar 31, 2025. Loh Hwee Long, chief executive officer of Keppel DC Reit Management, noted at the annual general meeting that the Reit saw overall valuation gains in 2024, especially from its Singapore colocation assets. Most European assets also recorded local currency gains despite some softness in smaller data centres, reinforcing the strength of its diversified, value-focused portfolio. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up The Reit has been actively acquiring assets. In 2024, it entered Japan as a new market with the acquisition of Tokyo Data Centre 1, and also completed the acquisition of two AI-ready hyperscale data centres in Singapore from its sponsor, Keppel, which marked its largest deal exceeding S$1 billion since listing. According to its annual report, the Reit's sponsor, Keppel, plans to expand its data centre portfolio to a total of 1.2 gigawatt in the near term, which could provide a pipeline of assets for Keppel DC Reit to potentially acquire. For its financial year 2024, the Reit recorded 15.5 per cent year-on-year decrease in total greenhouse gas emissions and has achieved the GRESB Green Star for a third consecutive year, with six of its assets in Singapore and Dublin maintaining green certifications. In trading this year, Keppel DC Reit has ranked among the top 20 stocks by trading turnover and among the top five most actively traded S-Reits. The STI reserve list, which consists of the five highest ranking non-constituents of the STI, will be (in alphabetical order): CapitaLand Ascott Trust , ComfortDelGro , Keppel Reit , NetLink NBN Trust , and Suntec Reit . The writer is a research analyst at SGX. For more research and information on Singapore's Reit sector, visit for the S-Reits & Property Trusts Chartbook.
Business Journals
27-05-2025
- Business
- Business Journals
Michelin-recognized Sereia and EntreNos to close in Miami
One of the restaurants, which holds both a Michelin Star and a Green Star, is closing permanently, while the other—added to the guide last year—is temporarily shutting its doors.
Tom's Guide
15-05-2025
- Tom's Guide
Apple Maps just got a big upgrade for finding restaurants and hotels — what you need to know
Summer is coming and you probably have travel on your mind. So it's certainly a good thing that Apple Maps is getting some upgrades to help you figure out exactly what's worth checking out when you're in a new area. Assuming you like to sample higher-end dining experiences. As of today, Apple Maps is bringing in the help of various "expert sources" to add rankings and insights to various spots in the U.S. Currently that includes restaurants, hotels and gold courses, though it's likely Apple will be adding more in the near future. As for the expert sources themselves, they're quite a premium group. Users are being given the chance to search for restaurants rated by Michelin, including the Green Star and Bib Gourmand awards, plus Michelin Key hotels. Additional rankings from The Infatuation, Golf Digest and other sources will be added "soon." Looking at the list of those experts, it shows that Apple Maps is targeting a specific kind of person with these new insights. Michelin is not the kind of organization to review the sports bar down the street, after all. These are the crème de la crème. Users will also be able to book hotel stays directly in Apple Maps, but only at "select hotels." That feature also lets you reserve a table through Michelin, and will eventually let you book a tee time via Supreme Golf. Which gives you another indication of the kind of hotels we're talking about. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. This is probably just the beginning. While Michelin star restaurants may not be the kind of place you visit a lot, it could be the start of seeing more specialist information come to Apple Maps. Rather than just relying on reviews and ratings from the likes of OpenTable, TripAdvisor or Yelp. Aggregate sites like that may be useful for getting insights from everyday people, but sometimes you may want to see what the experts have to say. So adding that info to Apple Maps makes things a little bit more convenient. But it would be nice to get detailed insights in more everyday spots at some point. That's probably going to take some time. For now it makes sense for Apple to start with something rather niche, just to gauge how Apple Maps handles the new feature and how users react. So, if you're heading away this summer and want to spend some money on a nice restaurant or hotel, Apple Maps has you covered.
Cision Canada
14-05-2025
- Business
- Cision Canada
MICHELIN Guide Taiwan Expands to 7 Cities - Welcoming New Culinary Gems Across the Island
VANCOUVER, BC, May 14, 2025 /CNW/ -- In a landmark move for Asian gastronomy, the MICHELIN Guide has announced the expansion of its Taiwan edition to now include seven cities, introducing even more exceptional culinary destinations to international food lovers. The 2025 edition of the MICHELIN Guide Taiwan welcomes New Taipei City, Hsinchu County, and Hsinchu City to its prestigious listings, joining the previously featured Taipei, Taichung, Tainan, and Kaohsiung. With this expansion, the Guide now has its "Lucky 7"—a symbol of good fortune and a nod to the vibrant diversity of Taiwan's culinary landscape. A Feast for Global Foodies Already showcasing more than 350 handpicked restaurants, the MICHELIN Guide Taiwan is renowned for its wide-ranging selections—from haute cuisine and inventive fine dining to authentic local eats. With the addition of these three dynamic cities, food enthusiasts can expect even more frequent updates and discoveries. Whether you're a Canadian traveler planning your next foodie adventure or a local with a passion for global cuisine, the expanded Guide is an invitation to explore the hundreds of flavours of Taiwan—a curated journey through the island's rich gastronomic culture. Spotlight on Sustainability and Value In addition to the coveted MICHELIN Stars, the Taiwan edition also features Green Star restaurants, awarded for leading the charge in sustainable gastronomy. Green Star establishments are role models in the industry—championing ethical sourcing, environmental responsibility, and regenerative agricultural practices. These culinary innovators work directly with farmers, avoid food and plastic waste, and support social and educational causes, offering guests eco-conscious dining experiences that inspire. Proof that exceptional meals don't have to break the bank, the Bib Gourmand distinction highlights great value eateries that offer high-quality, three-course meals at accessible prices. From bustling bistros and hidden noodle shops to traditional teahouses, these spots serve up flavourful, satisfying meals that represent the heart and soul of Taiwanese dining. The restaurant selection will continuously be updated—promising fresh surprises, culinary storytelling, and a deeper look into Taiwan's evolving food identity. As Taiwan continues to emerge as one of Asia's most exciting food destinations, the expanded MICHELIN Guide ensures that both seasoned travelers and curious newcomers have a trusted resource to guide their exploration. "The addition of New Taipei, Hsinchu County, and Hsinchu City to the MICHELIN Guide Taiwan is a testament to the culinary depth found across the island," said Sylvia Lee, Director of the Taiwan Tourism Administration's San Francisco office. "We're thrilled that more Canadians will have a chance to use this world-renowned guide to find great Taiwanese establishments that express our vibrant food culture." For related photos and files, please click here. For the latest restaurant additions and recommendations, visit the MICHELIN Guide online, and look for the new 7 city version of the book in stores later this year. For more information on how to get to and around Taiwan, visit the Taiwan Tourism Information Centre in Vancouver at Unit 626, 6081 No. 3 Road, Richmond, BC V6Y 2B2. ABOUT TAIWAN TOURISM ADMINISTRATION The Taiwan Tourism Administration is the official government agency of Taiwan (R.O.C.) responsible for domestic and international tourism policy development and execution. The Western Canada market is managed by the San Francisco office of TTA. The marketing slogan currently in use for Taiwan is "Waves of Wonder." The official ambassador of the TTA is OhBear, a cartoon Formosan Black Bear, the national animal of Taiwan. Instagram: @ Facebook: Tour Taiwan - America Media Contact Alex Trup, Marketing Director Taiwan Tourism Information Center [email protected] SOURCE Taiwan Tourism Administration
Yahoo
14-05-2025
- Business
- Yahoo
MICHELIN Guide Taiwan Expands to 7 Cities - Welcoming New Culinary Gems Across the Island
VANCOUVER, BC, May 14, 2025 /CNW/ -- In a landmark move for Asian gastronomy, the MICHELIN Guide has announced the expansion of its Taiwan edition to now include seven cities, introducing even more exceptional culinary destinations to international food lovers. The 2025 edition of the MICHELIN Guide Taiwan welcomes New Taipei City, Hsinchu County, and Hsinchu City to its prestigious listings, joining the previously featured Taipei, Taichung, Tainan, and Kaohsiung. With this expansion, the Guide now has its "Lucky 7"—a symbol of good fortune and a nod to the vibrant diversity of Taiwan's culinary landscape. A Feast for Global Foodies Already showcasing more than 350 handpicked restaurants, the MICHELIN Guide Taiwan is renowned for its wide-ranging selections—from haute cuisine and inventive fine dining to authentic local eats. With the addition of these three dynamic cities, food enthusiasts can expect even more frequent updates and discoveries. Whether you're a Canadian traveler planning your next foodie adventure or a local with a passion for global cuisine, the expanded Guide is an invitation to explore the hundreds of flavours of Taiwan—a curated journey through the island's rich gastronomic culture. Spotlight on Sustainability and Value In addition to the coveted MICHELIN Stars, the Taiwan edition also features Green Star restaurants, awarded for leading the charge in sustainable gastronomy. Green Star establishments are role models in the industry—championing ethical sourcing, environmental responsibility, and regenerative agricultural practices. These culinary innovators work directly with farmers, avoid food and plastic waste, and support social and educational causes, offering guests eco-conscious dining experiences that inspire. Proof that exceptional meals don't have to break the bank, the Bib Gourmand distinction highlights great value eateries that offer high-quality, three-course meals at accessible prices. From bustling bistros and hidden noodle shops to traditional teahouses, these spots serve up flavourful, satisfying meals that represent the heart and soul of Taiwanese dining. The restaurant selection will continuously be updated—promising fresh surprises, culinary storytelling, and a deeper look into Taiwan's evolving food identity. As Taiwan continues to emerge as one of Asia's most exciting food destinations, the expanded MICHELIN Guide ensures that both seasoned travelers and curious newcomers have a trusted resource to guide their exploration. "The addition of New Taipei, Hsinchu County, and Hsinchu City to the MICHELIN Guide Taiwan is a testament to the culinary depth found across the island," said Sylvia Lee, Director of the Taiwan Tourism Administration's San Francisco office. "We're thrilled that more Canadians will have a chance to use this world-renowned guide to find great Taiwanese establishments that express our vibrant food culture." For related photos and files, please click here. For the latest restaurant additions and recommendations, visit the MICHELIN Guide online, and look for the new 7 city version of the book in stores later this year. For more information on how to get to and around Taiwan, visit the Taiwan Tourism Information Centre in Vancouver at Unit 626, 6081 No. 3 Road, Richmond, BC V6Y 2B2. ABOUT TAIWAN TOURISM ADMINISTRATION The Taiwan Tourism Administration is the official government agency of Taiwan (R.O.C.) responsible for domestic and international tourism policy development and execution. The Western Canada market is managed by the San Francisco office of TTA. The marketing slogan currently in use for Taiwan is "Waves of Wonder." The official ambassador of the TTA is OhBear, a cartoon Formosan Black Bear, the national animal of Taiwan. For more information about Taiwan tourism, please visit the official website of the Taiwan Tourism Administration: Follow us on social media in North America: Instagram: @ Tour Taiwan - America Media ContactAlex Trup, Marketing DirectorTaiwan Tourism Information Centertticyvr@ SOURCE Taiwan Tourism Administration View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
