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Category: FINANCE

Posted on 27/11/2024

Bus services affected by StanChart marathon this weekend

Twenty-seven SBS Transit bus services will be affected by lane/road closures for the Standard Chartered Singapore Marathon on Nov 30 and Dec 1. On Nov 30, bus services 10, 11, 14, 16/16M, 31, 32, 33, ...

Posted on 27/11/2024

Trump’s victory could make life harder for Hong Kong—and that may be good news for Singapore’s banks

Banks like Singapore's OCBC are poised to gain from Chinese investment into Southeast Asia—now potentially supercharged by a new Trump trade war.

Posted on 27/11/2024

Trial opens in S$1.5 billion nickel investment fraud case against Envy Global’s ex-director

The prosecution accused Ng Yu Zhi's defence team of time-wasting after his lawyers made an "eleventh hour" application to the court.

Posted on 27/11/2024

Singapore-listed Dow ETF offers local investors a gateway to US stocks, say panellists

Wong: It’s the same. So if you buy anything that is listed in the US, be it an ETF or a stock, whenever it pays dividends, an investor in Singapore will get hit by a 30 per cent withholding tax.

Posted on 26/11/2024

Singapore’s First APAC Fund to invest $1.36bn in Dubai’s AMIS Development

The partnership follows the success of AMIS Development’s Woodland Residences project, a $115.7 million luxury development in District 11, Meydan. Singapore’s First APAC Fund to invest $1.36bn in ...

Posted on 26/11/2024

DBS Foundation Deploys SGD 88 Million to Widen Financial Inclusion and Provide Essential Needs to Vulnerable Communities Across Asia

The DBS Foundation announced that it will deploy SGD 88 million in initiatives that drive inclusion and enable better access to essential needs among vulnerable communities. The funding will go ...

Posted on 26/11/2024

Singapore’s First APAC Fund to invest $1.36bln in Dubai’s AMIS

The partnership reflects the Fund’s confidence in Dubai’s real estate market and AMIS Development’s reputation for high-value luxury developments ...

Posted on 26/11/2024

Barclays to set up Singapore private banking centre by 2026

The centre will offer clients access to quasi-institutional investment solutions and cross-asset class offerings.

Posted on 26/11/2024

Daily Cuts – Singapore’s manufacturing output rises a fourth straight month in October, but slower

Singapore Today's Daniel Martin and Justine Moss speak with Alvin Liew, Senior Economist, UOB, about why Singapore's manufacturing output has risen for a fourth straight month in October, but at a ...

Posted on 26/11/2024

Singapore banks – a haven amid market volatility, with promising earnings and attractive dividends

OCBC, and DBS are seen as having a low risk of earnings downturn, with some analysts even forecasting a rise in earnings and margins.

Posted on 26/11/2024

Singapore’s First APAC Fund to invest up to AED 5bln in Dubai’s AMIS Development

The partnership reflects the Fund’s confidence in Dubai’s real estate market and AMIS Development’s reputation for high-value luxury developments ...

Posted on 26/11/2024

Singapore sets new hotel licensing guidelines for 2025

Singapore's Hotels Licensing Regulations 2024, effective January 2025, seeks to modernise hotel operations, streamline licensing, and introduce stricter requirements for operators.

Posted on 26/11/2024

OCBC downgrades PropNex to ‘hold’ but raises target price to 96 cents

Despite the downgrade, Tan expects PropNex to remain a solid dividend yield play. He projects a dividend payout of 90%, implying FY2024 and FY2025 yields of 5.6% and 6.1% respectively. As at 11.05am, ...

Posted on 26/11/2024

Macquarie revises Singapore earnings growth for FY2024 to 7% from 3%

With such momentum, Macquarie now expects Singapore equities to generate earnings growth of 7% for the current FY2024 under its base case scenario, and to grow by a further 7% in the coming FY2025. It ...

Posted on 26/11/2024

Brokers’ take: Macquarie initiates coverage on S-Reits, favours those with industrial exposure

MACQUARIE Research started coverage on Singapore real estate investment trusts (S-Reits), with an “outperform” rating on nine out of the 11 it listed. Read more at The Business Times.

Posted on 26/11/2024

YouTrip to Raise Series C Ahead of Planned IPO, Listing Still ‘A Few Years’ Away

Caecilia Chu, who recently toured the New York Stock Exchange, is actively preparing YouTrip for an Initial Public Offering (IPO).

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