The Business Times
6 months. 3 beats. 132 stories.
While at BT, I had the opportunity to work with the Property, SME/Macro and Breaking News desks.
Speaking to analysts and newsmakers, I learnt much about the property scene and regulations here. I also got to interview some local startups and learn about their efforts in promoting sustainability. Lastly, I tried my hand at reporting companies’ announcements and had much fun ploughing through bourse filings.
Some highlights from my internship include the time when I covered Laguna National’s court hearings; JTC’s review on the self-storage industry; biotech startup Ento Industries’ efforts in closing the food waste loop; and my Brunch piece on e-waste recyclers in Singapore.
Highlights
Whetting your appetite with some cool stories
Digital Core Reit manager warns DPU could be halved as second-largest tenant goes bust
Companies & Markets
The manager of Digital Core real estate investment trust (Reit) on Monday (Jun 5) warned that the Reit’s distribution per unit (DPU) could be reduced by about US$0.02 if the annual revenue from its second-largest tenant were to be completely eliminated.
CapitaLand Ascendas Reit to acquire Seagate facility; proposes S$450 million private placement
Companies & Markets
CapitaLand Ascendas Real Estate Investment Trust (Clar) is planning to acquire a high-specification research and development (R&D) facility and business park property in the one-north district for S$218.2 million, the manager said on Tuesday (May 16).
As US politicians rail against TikTok, politicians in Singapore are using it to their advantage
Companies & Markets
In Singapore, public officers are allowed to use TikTok on Government-issued devices on a “need-to basis” only, under existing policy. At the same time, many Government agencies and politicians use the app actively, often to relay information about policies and, sometimes, just for laughs.
Singapore e-waste recyclers all charged up to sate appetite abroad
Brunch
Many recycling players in Singapore’s nascent e-waste recycling industry have substantially more capacity than the local market requires. But while growth and scale still lie abroad for the sector, there is guarded optimism that Singapore’s e-waste recycling scene could yet blossom on the back of a greening economy.
Biotech startup works to close Singapore’s food-waste loop with black soldier flies
Singapore startups
One company’s food waste is another’s treasure. Local biotech startup Ento Industries “upcycles” waste from food manufacturers into fertiliser, producing a high-quality protein source in the process. The secret: black soldier flies and their high-protein larvae.
Jewel Changi Airport regains its glitter, but for some tenants it’s too little, too late
Property
Jewel, the 1.46 million square feet (sq ft) mall at Changi Airport, recorded its best-ever monthly retail sales in December 2022 as shoppers and tourists returned in force. Prospects look rosy with airport passenger traffic and retail footfall recovering strongly. But the going has been tough on tenants at the glossy new mall that opened some nine months before the Covid-19 pandemic paralysed businesses.
Trustee of Laguna National mired in conflict of interest; shouldn’t be involved in club’s winding up, court told
Property
The trustee of Laguna National Golf and Country Club appears to be mired in a conflict of interest and was derelict in its duties to noteholders, and should not be involved in the winding-up of the club, the court heard on Monday (Feb 6).
