hospitality

SINGAPORE (Dec 11): It has been an interesting year for jobs and employment in Singapore. On the one hand, jobs have been harder to come by, and more people are clinging on to their positions at work because of a lack of options.

SINGAPORE (Dec 9): CIMB is downgrading Singapore REITs to “underweight” from “overweight” as growing long-term borrowing rates cap share price performance and higher financing costs affect distributions per unit (DPUs).

SINGAPORE (Dec 8): Banyan Tree Holdings announced that it has entered into a strategic collaboration with hotel giant AccorHotels which is investing $24 million in the operator of luxury resorts.

SINGAPORE (Nov 29): MMP Resources announced that its Japanese subsidiary, MMP Resources Japan (MMPRJ), has entered into an agreement with JRT Trading to operate and manage the Chisenupuri Ski Area.

SINGAPORE (Nov 24): The Ascott Limited, CapitaLand’s serviced residence unit, has launched a new co-living hospitality concept brand Lyf, pronounced ‘life'.

SINGAPORE (Nov 8): Chip Eng Seng has posted a 57.9% decline in earnings to $5.7 million in 3Q as compared to $13.6 million a year ago.  

SINGAPORE (Nov 2): Rowsley, the company controlled by Singapore billionaire Peter Lim, swung back into the black in 3Q16 with earnings of $5.4 million, compared to a loss of $4.2 million a year ago.

SINGAPORE (Oct 28): Roxy-Pacific saw 3Q earnings tumble 39% to $8.1 million from a year ago as cost of sales outstripped revenue growth.

SINGAPORE (Oct 18): City Developments Limited (CDL) announced that its special purpose company, Iconique Tokutei Mokuteki Kaisha has signed an agreement with Mitsui Fudosan Residential for a 20% stake in a prime residential development in Tokyo.

SINGAPORE (Oct 5): UOB Kay Hian says Singapore’s hoteliers may have less to cheer during China’s National Day Golden Week. That's the seven day-long holiday which started this week and marks one of the nation’s biggest events for outbound travel