Bizview: Today's top business news

Singapore-listed GLP and partners finalise S$6.38b purchase of US properties portfolio

Global Logistic Properties said that the firm, along with fellow investors, has completed a US$4.55 billion (S$6.38 billion) purchase of a portfolio of properties in the United States. The portfolio across 20 major US markets, comprises 57.9 million sq ft of space and boosts GLP's US footprint by 50 per cent.

GIC investing S$120 million in Chinese firm Bloomage BioTechnology

Singapore sovereign wealth fund GIC will invest HK$659 million (S$120 million) in Bloomage BioTechnology Corp as it bets on China's leading medical cosmetic products and services firm. The investment includes HK$465 million in convertible bonds and HK$194 million in new shares, the Hong Kong-listed company said in a statement.

More HDB flats change hands, but resale prices remain unchanged in October

Housing Board (HDB) resale prices stayed flat in October as the market continued to stabilise, but transaction volume picked up, according to SRX Property flash figures on Thursday (Nov 5). From September to October, SRX's HDB resale price index moved from 134.7 to 134.6, a negligible shift that means prices were essentially unchanged.

Parkway Life Reit posts 15.6 per cent growth in distribution per unit to 3.36 cents

Parkway Trust Management, the manager of Parkway Life Real Estate Investment Trust (PLife Reit), on Thursday (Nov 5) announced a distribution per unit (DPU) of 3.36 cents for the third quarter ended Sept 30. This marks a 15.6 per cent growth over the DPU of 2.9 cents from the same period a year ago.

More places to withdraw cash for DBS Bank and POSB customers

DBS Bank has grown its cash withdrawal network, it said on Thursday (Nov 5). Customers can withdraw up to $200 at all Cold Storage, Market Place, Jasons and Giant stores in Singapore. This translates to POSB Cash-Point locations at around 800 islandwide. If the DBS-POSB's ATM network is included, the bank has almost 2,000 withdrawal points in Singapore.

Details of Trans-Pacific Partnership text could be released this week: Source

Pacific trading partners are working towards releasing details of a sweeping free-trade pact, designed to free up exports of goods ranging from medicines to milk, as early as the end of this week, a person familiar with the text said on Wednesday (Nov 4).

Indonesian third quarter economic growth comes in a little below expectations

Indonesia's economy grew less than analysts estimated last quarter, underscoring the challenge for the government as it seeks to accelerate spending and bolster growth. Gross domestic product rose 4.73 per cent in the three months through September from a year earlier, the statistics bureau said in Jakarta on Thursday (Nov 5).