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Singapore shares dip 0.3%, weighed down by DBS and OCBC
SINGAPORE - The Straits Times Index (STI) closed at 3,487.91 on July 16, down 11.98 points or 0.3 per cent, as declines in the shares of DBS Bank and OCBC Bank weighed on the benchmark’s performance.
10-year US Treasury yields likely to average 3.50% to 4.50% in coming years: Bank of Singapore
Thus, 10Y UST yields may trade on average between 3.50% and 4.50% “over the next few years” — “significantly higher” than the 1.00%-4.00% range in the decade after the 2008 Global Financial Crisis, ...
4 Singapore Stocks That Have Significantly Outperformed the Straits Times Index
These four stocks have seen their share prices surpass the bellwether Straits Times Index’s performance, but can they continue to shine? The post 4 Singapore Stocks That Have Significantly ...
Funding potential SGX listings is a step in the right direction, but shouldn’t we prioritise IPO first-timers?
Temasek-backed investment firm 65 Equity Partners said it had invested S$100 million into precision manufacturer Hi-P International as a prelude for an eventual listing, most likely on the Singapore ...
HSBC hires former UK politician to head new infrastructure unit
Britain's HSBC has set up a new unit to tap deals in infrastructure finance and project finance linked to the world's shift to a lower-carbon economy, and hired a former UK politician to lead it, a ...
Hard Numbers: Intuit’s mass layoff, Very expensive flip phone, AMD’s Finnish acquisition, Singapore’s millionaire class
Intuit, the company behind popular financial software Quickbooks and Turbotax, announced a mass layoff of 1,800 employees — about 10% of the company — with plans to rehire the same number with a ...
Singapore real estate investment sales to hit up to S$25b this year
Investments are expected to gain momentum in H2 2024. According to Knight Frank, market sentiments continue to remain at muted levels as buyers and investors continue to wait for interest rates to ...
Ola Electric IPO: Valuation Likely To Be Set At $4.5 Bn
Ola Electric is reportedly likely to be valued at around $4.5 Bn for its upcoming IPO, a decline of 16-20% from its last funding round.
Lessons from OCBC’s offer for Great Eastern: be unafraid to hold out, but do so with eyes open
MUCH has been said about what ails the local bourse and numerous suggestions have been put forward regarding how to inject vibrancy into Singapore’s stock market. Read more at The Business Times.
MAS seen loosening policy in October as disinflation stalls: UOB
Core inflation to start easing drastically in Q1 2025. Analysts expect normalization of Singapore's monetary policy via a slight slope reduction will only likely happen in October due to delayed ...
Tight financial conditions to weigh on GDP growth this year: UOB
Rate cuts could stimulate investment and boost consumption overseas. Tight financial conditions globally will continue to weigh on Singapore’s externally oriented sectors for the remainder of the year ...
HSBC launches new climate-focused infrastructure finance unit
Britain's HSBC has set up a new unit to tap deals in infrastructure finance and project finance linked to the world's shift to a lower-carbon economy, and hired a former UK politician to lead it, a ...
UOB Kay Hian raises CICT’s TP to $2.29 following continued enhancement of retail malls
Most notably, CICT’s has commenced its asset enhancement initiatives (AEI) at Level 1 of IMM Building, set for completion in 2025.
UOB remains positive on Vietnam’s economic growth prospects
VOV.VN - The recovery of external and domestic demand, as well as the manufacturing sector, have supported the Vietnamese economy to grow stronger than expected in the first half of 2024.
Declines in DBS, OCBC weigh on STI, which closes marginally down
SINGAPORE - The Straits Times Index (STI) closed at 3,487.91 on July 16, down 11.98 points or 0.3 per cent, as declines in the shares of DBS Bank and OCBC Bank weighed on the benchmark’s performance.