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Month: October 2020

Posted on 16/10/2020

S-REITs picking up steam again by diversifying income streams: OCBC

REITs this year owing to the Covid-19 pandemic, some players here are diversifying their income streams, a sign of gradual pickup in activity, say OCBC analysts in an Oct 15 note. OCBC Investment ... ( read original story ...)

Posted on 16/10/2020

UPDATE 2-Singapore’s Nanofilms to raise up to $375 mln, biggest IPO in years

Singapore's Nanofilms Technologies International launched an initial public offering (IPO) on Friday, which three sources with knowledge of the matter said could raise up to S$510 million ($375.4 ... ( read original story ...)

Posted on 16/10/2020

China’s Jilin gets 5 mln T coal import quota amid tight supplies

China has issued its northeastern province Jilin thermal coal import quotas for 5 million tonnes, according to a trader and an official document reviewed by Reuters, as supplies tighten this winter ... ( read original story ...)

Posted on 16/10/2020

Singapore’s Nanofilms launches IPO, seeks to raise up to $375 million – sources

Singapore's Nanofilms Technologies International launched an initial public offering (IPO) on Friday, which three sources with knowledge of the matter said could raise up to S$510 million ($375.4 ... ( read original story ...)

Posted on 16/10/2020

Singapore exports rise 5.9% year-on-year in September, slower than forecasts

On a seasonally adjusted month-on-month basis, exports contracted 11.3% in September after a 10.5% rise in the previous month, Enterprise Singapore said in a statement. ( read original story ...)

Posted on 16/10/2020

Singapore Says Employers Can Temporarily Cut Wages to Save Jobs

Employers in Singapore can consider implementing reasonable temporary wage cuts if such a move minimizes retrenchments, the National Wages Council said in a statement. ( read original story ...)

Posted on 16/10/2020

Court delays hit Singapore’s bid to be global restructuring hub

Singapore’s efforts to promote itself as a global restructuring hub have been hit by a court’s decision to grant a distressed water company an unprecedented string of extensions as it battles to avoid ... ( read original story ...)

Posted on 16/10/2020

Singapore-Hong Kong Air Fares Jump 40% on Travel Bubble Plan

The cost of air tickets between two major Asian financial hubs jumped within 24 hours of Singapore and Hong Kong unveiling plans for a travel bubble that wouldn’t require people to quarantine upon ... ( read original story ...)

Posted on 16/10/2020

10 arrested, over 2,600 cartons of duty-unpaid cigarettes seized in Singapore Customs operations

Eight men and two women were arrested for various offences involving duty-unpaid cigarettes, said Singapore Customs on Friday (Oct 16).. Read more at straitstimes.com. ( read original story ...)

Posted on 16/10/2020

Singapore September exports rise 5.9% y/y, slower than forecasts

Singapore's September non-oil domestic exports (NODX) rose 5.9% from a year earlier, driven mainly by electronics shipments, official data showed on Friday, but were slower than forecasts. Exports of ... ( read original story ...)

Posted on 16/10/2020

EMERGING MARKETS-Asian stocks, FX drop on virus woes; Singapore shares defy broader gloom

Korean shares down for a fourth straight session * Indonesia passes Philippines with most COVID-19 cases in SE Asia By Shriya Ramakrishnan Oct 16 (Reuters) - Singapore shares rose on Friday as exports ... ( read original story ...)

Posted on 16/10/2020

A young truant turned successful business owner, and a grateful Singapore Polytechnic graduate – Exclusive interview with Loy Yi Zhuo, Founder, ChamberWealth Financial

As a young Singapore polytechnic student, Loy Yi Zhuo thought nothing of walking home after school, just to save his wages from his part time job to pay his school fees. With money running short and ... ( read original story ...)

Posted on 16/10/2020

Tencent Chooses Co-Working Space For First Singapore Office

India has barred the company’s hit games “PUBG Mobile” and “Arena of Valor.” Read more: TikTok Owner to Spend Billions in Singapore After U.S. Ban Choosing a co-working space gives companies “the ... ( read original story ...)

Posted on 16/10/2020

Wilmar’s China IPO rides on its cooking oil power

Kuok Khoon Hong pulled off a remarkable second act. The billionaire sold shares of his China business in the biggest ever initial public offering (IPO) on the Shenzhen Stock Exchange, thanks to the ... ( read original story ...)

Posted on 16/10/2020

Singapore-Hong Kong travel bubble seen as ‘calculated gamble’ but needed remedy for cabin fever

and Hong Kong and their proven capacities for testing and contract tracing, there are “no better two geographies” that can start a travel bubble in a bid to revive their stalled economies. This was ... ( read original story ...)

Posted on 16/10/2020

Singapore’s exports rise 5.9% in September, slower than forecasts

SINGAPORE: Singapore's September non-oil domestic exports (NODX) rose 5.9 per cent from a year earlier, driven mainly by electronics shipments, official data showed on Friday (Oct 16), but were slower ... ( read original story ...)

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