UI Boustead Reit, which holds properties in Singapore and Japan, is facing economic pressures due to the global impact of the Middle East conflict, including a weaker yen against SGD.

1 report, 1 independent Updated Jul 27

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Singapore Middle East

Keep exploring

Part of

MAS surveys professional forecasters on economic outlook, noting conflict escalation in the Middle East as a downside risk to growth. All 3 developments

The entities involved

Singapore
sovereign island country and city-state in maritime Southeast Asia
- DLF Ltd is forming a joint venture with Singapore's Everstone Group to invest for a majority stake in IREO companies in India.08:23
- Amir Ali works in Woodlands Ind Park in Singapore.07:58
Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- Mahindra & Mahindra contributes to market gains amidst geopolitical tensions in the Middle East.07:19
- President's actions led to war in the Middle East, concurrent with domestic institutional decay and political rhetoric across various states.06:49

Coverage

Newest first; wire copies grouped

Jul 27businesstimes.com.sgUI Boustead Reit posts NPI of S$29.2 million, 4.3% below IPO forecast