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Australia
Sovereign wealth funds
Australia’s sovereign wealth fund sought to soften mandate, documents show
Australia’s sovereign wealth fund asked the government to alter the language in a proposed new investment mandate, documents released under a Freedom of Information request showed.
15 days ago
Broker's Calls
DBS keeps 'buy' and $3.85 target price on CapitaLand Investment following A$200 million Wingate deal
CLI paid a similar multiple for Wingate as another recent deal
December 16, 2024
Property
CapitaLand Investment to step up Australia presence with A$200 million acquisition
The deal will help increase CLI's FUM to $115 billion.
December 16, 2024
Energy
Australia picks BP, Neoen projects in biggest renewables tender
Australia selected 19 projects in its biggest renewable energy tender yet, as part of plans to stimulate a world-leading transition away from an ageing fleet of coal-fired plants.
December 11, 2024
Environmental, Social and Governance
Australia approves US$50 mil investment into Singapore’s Fast-P blended finance initiative
At COP29, the Singapore government pledged up to US$500 million as concessional capital, to match dollar-for-dollar concessional capital from other partners.
December 03, 2024
Company in the news
SingPost to recognise gains of $312.1 million from proposed sale of Freight Management Holdings
SingPost plans to pay down Australia dollar debt and may also pay a special dividend.
December 02, 2024
Tech
Australia’s social media ban for under 16s to become law
Tech companies themselves will be responsible for enforcing the ban, with the threat of fines of up to A$50 million ($43.6 million) if they fail to take action.
November 29, 2024
Company in the news
CapitaLand Investment sets $1 bil profit target, plans new REITs
On CLI's Investor Day, management announced a $1 bil earnings target, coupled with new focuses outside of China, including Australia.
November 26, 2024
Banking & finance
UBS looks to rich women after long Australian wealth hiatus
Among the fastest newcomers to the high-net-worth category are women and not-for-profits. Both have gone from “niche a couple of years ago and now are a huge opportunity”.
November 26, 2024
Company in the news
Following CLI's investor day, Aussie press carries story on CLI acquiring Wingate
Aussie press carries story on CLI planning to acquire Wingate after the latter was mention on CLI's Investor Day.
November 26, 2024