Hello, everyone. Here are three things about the local stock market that you might be interested in today. 1. The Straits Times Index (SGX: ^STI), ended Wednesday at 3,533.99 points, down 14.75 points or 0.42%. CapitaLand Commercial Trust (SGX: C61U) lost ... ( read original story ...)
Singapore durian-themed cafe smells winning combination
A Singapore eatery centred around the pungent tropical fruit durian has caught a whiff of success as patrons flock to the cafe in droves for a bite of its exotic offerings. The spiky fruit long regarded as a delicacy in Southeast Asia has left a divisive ... ( read original story ...)
Exclusive: OCBC to use deep learning satellite technology in oil financing
Singapore bank OCBC is trialling the use of deep learning satellite technology in a bid to reduce risks in the financing of crude oil. The bank has engaged specialist data analytics firm ImageSat International (ISI) to estimate crude oil levels in tanks ... ( read original story ...)
Singapore bank lending weakens in December: MAS
SINGAPORE - Bank lending in Singapore was down 0.3 per cent in December from the previous month, preliminary data from the Monetary Authority of Singapore (MAS) on Wednesday (Jan 31) showed. This reversed from the 0.6 per cent month-on-month gain in November. ( read original story ...)
LY Corp debuts at 28.5 S cents on Catalist, 9.6% higher than IPO price
at 28.5 Singapore cents, a 9.6 per cent gain from its 26 cents initial public offering (IPO) price. As at 9.07am on Wednesday, the counter was trading at 29 Singapore cents apiece. Some 4.89 million shares changed hands. LY Corp is the first to launch an ... ( read original story ...)
Singapore December bank lending rises 5.6 pct y/y
SINGAPORE, Jan 31 (Reuters) - Singapore’s total bank lending in December rose 5.6 percent from a year earlier, on increased lending to financial institutions and a rise in housing and bridging loans, central bank data showed on Wednesday. Loans and ... ( read original story ...)
Singapore witnesses less bank lending in December
SINGAPORE, Jan. 31 (Xinhua) -- Singapore's total loans and advances including bills financing of Domestic Banking Units (DBU) declined 0.27 percent month-on-month in December, to a predicted 651.93 billion Singapore dollars. This reversed from a 0.64 ... ( read original story ...)
3D Printer for electronics purchased by NTU Singapore
Nano Dimension Ltd., a leading additive electronics provider announced that Nanyang Technological University, Singapore (NTU Singapore) has purchased the company's DragonFly 2020 Pro 3D Printer for electronics development. Using the new DragonFly 2020 Pro ... ( read original story ...)
Hong Kong vs Singapore: which is your best bet for a banking job in 2018?
As hiring in Singapore and Hong Kong heats up this bonus season, we reveal which city has the most banking jobs across nine key functions. https://news.efinancialcareers.com/sg-en/306704/hiring-asian-banking-chinese-new-year/ If you’re looking for a ... ( read original story ...)
Singapore downgrades hygiene rating of Michelin-star outlet after 43 get food poisoning symptoms
SINGAPORE, Jan 30 (Reuters) - A Michelin-star restaurant in Singapore has been hit with a hygiene downgrade by health authorities after more than three dozen guests at a wedding reception fell ill, having eaten food prepared by its kitchen staff. The 43 ... ( read original story ...)
Budget 2018: Singapore R&D tax perks could be among world’s weakest when PIC expires, says KPMG
SINGAPORE (THE BUSINESS TIMES) - More targeted measures are needed for companies to drive innovation, with the expiry of the Productivity and Innovation Credit (PIC) scheme this year, said small and medium-sized enterprises (SMEs) and observers. ( read original story ...)
Renewed Selling Pressure Tipped For Singapore Shares
The Singapore stock market on Monday snapped the two-day slide in which it had surrendered more than 40 points or 1.2 percent. The Straits Times Index now rests just above the 3,575-point plateau although it figures to head south again on Tuesday. ( read original story ...)
Sembcorp Industries planning IPO for India unit to raise $500-600 million
Mumbai: Singapore-based utility group Sembcorp Industries is gearing up to file for an initial public offering (IPO) of its Indian arm which could see the company raise around $500-600 million (about Rs3,200-3,800 crore), two people aware of the ... ( read original story ...)
HNA’s Former Singapore Partner Is Said to Revive IPO Work
Davos WEF 2018: Paytm To Sell Loans, Insurance As It Builds Three-Stack Model, Says Vijay Shekhar Sharma What Dalal Street Wants From Budget 2018 NSE’s Limaye Says Options Open To Stop Futures Trade From Moving To Singapore Budget 2018: Between A (Fiscal ... ( read original story ...)
Week in Review: Luye May Stage $500 Million Singapore IPO of Healthcare Assets
Luye Medical, the healthcare arm of Luye Life Sciences, is considering an IPO in Singapore that could raise as much as $500 million (see story). The company has assembled a portfolio of businesses, largely through M&A, consisting of hospitals, clinics and ... ( read original story ...)
HNA’s former Singapore partner is said to revive REIT IPO work
(Jan 26): AEP Investment Management Pte has resumed work on a long-delayed Singapore initial public offering of its property assets after Chinese conglomerate HNA Group Co terminated its participation in the listing, people familiar with the matter said. ( read original story ...)