Daily Debrief: What Happened Today (Aug 21)

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Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain

[SINGAPORE] Jardine Cycle & Carriage : C07 +0.29% (JC&C) announced on Friday (Aug 21) that it has entered into a conditional agreement to sell its Cycle & Carriage automotive distribution and retail operations in Singapore and Malaysia to Indonesia’s Chandra Asri Pacific.

Digital Realty, STT GDC among data centre operators awarded 50 MW of new capacity in Singapore

[SINGAPORE] The Singapore government on Friday (Aug 21) awarded a total of 200 megawatts (MW) in new data centre capacity to four data centre operators through its latest tender.

More products, more risks? South Korea’s leveraged ETF crisis has lessons for S’pore’s retail fund push

[SINGAPORE] Singapore’s push to broaden the range of investment products for retail investors could deepen markets, but South Korea’s recent experience with leveraged exchange-traded funds (ETFs) highlights the risks that Singapore will have to manage, observers said.

Frasers Property partners Malaysia’s Tan & Tan to develop 5-ha mixed project in Petaling Jaya

[SINGAPORE] Frasers Property is teaming up with Malaysian property group Tan & Tan Developments to develop a 5.15-hectare mixed-use project in Petaling Jaya, Malaysia.

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Daily Debrief: What Happened Today (Aug 20)

FBM KLCI to expand to 50 stocks as Malaysia cuts reliance on banking overweights

[KUALA LUMPUR] Malaysia is broadening its benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) for the first time in 17 years, adding technology, energy and real estate investment trusts (Reits) into the index.

Lily Ler to step down as CEO of Mapletree Industrial Trust manager

[SINGAPORE] The chief executive of Mapletree Industrial Trust Management, Lily Ler, is stepping down from her position to become group chief financial officer of Mapletree Investments, the trust’s sponsor.