To The Moon

SINGAPORE, May 2 (Reuters) - DBS Group, Singapore's biggest bank, posted on Thursday a 15% rise in net profit in the first quarter to a record high of S$2.96 billion ($2.18 billion) from a year earlier, driven by strong total income growth.($1 = 1.3600 Singapore dollars)

0649 GMT - Manulife US REIT's debt-restructuring package seems like the best way to restore long-term value to unitholders, RHB Research analyst Vijay Natarajan says in a research report. To resolve loan-covenant breaches, the REIT will raise US$287 million via the divestment of its Park Place property in Arizona, secure a loan from its sponsor and draw down its cash holdings, the analyst notes. The REIT is also selling off other assets, and has identified four non-core Tranche-1 assets for priority sale, the analyst adds. RHB keeps a buy call on the REIT but cuts its target price to US$0.13 from US$0.25 based on an estimated 0.35X 2025 book value. Units fall 4.2% to US$0.069.

(Adds quote in paragraph 4, context in paragraph) Dec 7 (Reuters) - Singapore and China will put in place a 30-day mutual visa exemption agreement, media reported on Thursday, citing Singapore De

As the final earnings season for 2023 commences, we look at four REITs you should monitor.

Regulators have green-lit an initial clutch of companiesBeijing deems AI a business as well as political imperativeBaidu Inc. headquarters in Beijing.China approved a first batch of generative artific