The Mid-Autumn Festival is still a week away and Orchard Hotel Singapore is already out of mooncakes. The traditional baked mooncakes in gift sets were sold out last Monday (18 September) while the snowskin mooncakes were sold out three days later. “We have seen brisk sales for Orchard Hotel’s mooncakes. Hua Ting’s low sugar mooncakes have been a real hit …
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Hong Leong Foundation, the philanthropic arm of Hong Leong Group Singapore has made a contribution of £300,000 (S$525,870) to the newly launched Lee Kuan Yew Fitzwilliam Fund. Established by Fitzwilliam College, Cambridge, the Fund that was launched in Singapore at The Arts House (formerly Old Parliament House) offers opportunities to support and promote intellectual exchanges between Singapore and the well …
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Hong Leong Group Executive Chairman Mr Kwek Leng Beng was tonight accorded a Lifetime Achievement Award at the Asia Pacific Entrepreneurship Awards 2017. The prestigious accolade was in recognition of his “outstanding achievements, visionary leadership and steadfast dedication that has led to the successful growth of the Hong Leong Group for over five decades.” Organised by Enterprise Asia, a regional …
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CDL Hospitality Trusts (“CDLHT” or the “Group”), a stapled group comprising CDL Hospitality Real Estate Investment Trust (“H-REIT”), a real estate investment trust, and CDL Hospitality Business Trust (“HBT”), a business trust, has today announced the acquisition of Pullman Hotel Munich (the “Hotel”) and its office and retail components (the “Commercial Components”, and together with the Hotel, the “Property”) for …
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City Developments Limited (CDL), through its wholly-owned subsidiary CDL Properties Ltd (CDLP), has successfully launched the first green bond by a Singapore company. The two-year senior secured green bond has raised S$100 million at 1.98% fixed rate due 2019. The investors comprised mainly financial institutions and fund managers. The green bond is issued under the CDLP S$700 million secured Medium …
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Despite a challenging market, City Developments Limited (CDL) posted Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) of S$186 million for Q1 2017 (Q1 2016: S$205 million), and Profit after Tax and Minority Interests (PATMI) of S$85.5 million (Q1 2016: S$105.3 million). The lower EBITDA and PATMI compared to Q1 2016 were due to a range of factors, including the …
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