The duo last April announced a potential merger following decades of speculation about a tie-up of Singapore’s two offshore and marine giants which, on 27 October, was replaced by a simpler plan for ...
Tie-up of Singapore’s offshore and marine giants one step closer
Singapore’s Sembcorp Marine has moved one step closer to acquiring compatriot Keppel Offshore & Marine, having on Friday received approval in-principle from the nation’s stock exchange (SGX-ST). The ...
Top Stock Market Highlights of the Week: Frasers Property Limited, Frasers Centrepoint Trust and China’s Reopening
This week, we review an interesting acquisition and also check out how China’s recent reopening is benefitting the global economy. The post Top Stock Market Highlights of the Week: Frasers Property ...
UOB raises $2.4 million for arts, children and education
SINGAPORE - A total of $2.4 million has been raised by United Overseas Bank (UOB) in support of the arts, children and educational causes. The bank said in a statement on Friday that it raised the ...
UOB raises $2.4 million for charity in annual CNY celebrations
UNITED Overseas Bank (UOB) ushered in the Year of the Rabbit by raising S$2.4 million for charity, as part of its commercial banking’s annual Chinese New Year celebrations. Read more at The Business ...
Singapore Market gains 0.5%
At closing bell, the Straits Times Index (STI) index was up 17.02 points, or 0.5%, to 3,394.21, after trading between 3,379.15 and 3,395.79. Volume was 1.56 billion shares worth S$1.40 billion changed ...
Singapore: Industrial Production expanded above estimates in December – UOB
“Singapore’s industrial production (IP) ended 2022 with a surprise +3.2% m/m SA increase in Dec. Nevertheless, this still translated into a contraction of -3.1% y/y in Dec. Excluding the volatile ...
Reits lead Singapore stocks higher on Friday; STI notches 4-day winning streak
Local stocks rose for a fourth consecutive day on Friday to end the week higher amid a broader rally across the region. Read more at straitstimes.com.
UOB opens Singapore dollar market
"We feel there's a lot of anticipation from the Sing dollar market," said the source. "With so many US dollar deals from Asia in the past two weeks, key banks in the country are getting calls from ...
Singapore’s 12-month treasury bills draw record demand on signs yields are peaking
Singapore's sale of $3.6 billion of securities due January 2024 drew total bids of an all-time high of $10.5 billion.
HKMA alerts public to alleged phishing Telegram group related to Bank of Singapore
The Hong Kong Monetary Authority (HKMA) have made several clarifications after Bank of Singapore reported an alleged phishing scam to the authority. According to its official website, Bank of ...
Singapore police investigating 271 suspects for over 950 scam cases
A total of 271 people are under probe by the police for more than 950 scam cases, as they are suspected of being perpetrators of scams amounting over $5.3 million.
Las Vegas Sands To Invest $6.8 Billion In Singapore, Macau Amid Asian Casino Boom
Las Vegas Sands—controlled by the family of the late casino billionaire Sheldon Adelson—is investing $6.8 billion in Macau and Singapore to expand its presence in Asia amid a gaming boom across the ...
Market LIVE Updates: Sensex and Nifty 50 poised for a positive start tracing global cues
Indian equity benchmarks BSE Sensex and NSE Nifty 50 are expected to open higher on the last trading day of the week amid largely positive cues from global markets. Singapore Exchange Nifty futures, ...
Time for Singapore’s biggest investors to lay out their own ultimatums for companies
OF THE many panels and discussions I attended while at the World Economic Forum in Davos, my favourite was one by the chief of Norges Bank Investment Management. Nicolai Tangen criticised the boards ...
Foreign currency fixed deposits see more takers amid rising interest rates, strong Singdollar
Banks in Singapore are now offering higher interest rates for some foreign currency fixed deposits than Singdollar deposits.