Singapore’s relatively smaller annual budget targeting just a few sectors of the country’s pandemic-hit economy for support will do little to significantly boost the country’s lagging stock market -- ... ( read original story ...)
All You Need To Know Going Into Trade On February 17
Yield on the benchmark 10-year treasuries touched 1.33% - the highest since February 2020. Benchmark indices in Japan, South Korea and Australia are trading with losses this morning. Chinese equities ... ( read original story ...)
RailTel IPO subscribed 2.6 times on Day-1 led by retail investors
The issue received bids for 16.14 crore equity shares against the offer size of over 6.11 crore shares, according to the data available on the exchanges.RailTel had on Monday raised ₹243.99 crore from ... ( read original story ...)
RailTel IPO Fully Subscribed on Day 1, overall 2.64 times
RailTel Corporation of India Limited ("RailTel"), one of the largest neutral telecom infrastructure providers in the country, received bids of 16,13,30,820 shares against the offered 6,11,57,360 ... ( read original story ...)
RailTel IPO Subscribed 2.64 Times On First Day
The initial public offer of telecom infrastructure provider RailTel Corporation of India was subscribed 2.64 times on the first day of subscription on Tuesday. The Rs 819.24-crore offer received bids ... ( read original story ...)
Indonesian banker to helm country’s new sovereign wealth fund
Fund's aim is to attract foreign funds into infrastructure and other projects and grow to US$100 billion.. Read more at straitstimes.com. ( read original story ...)
Singapore: Economy forecast to expand 5% in 2021 – UOB
UOB Group’s Economist Barnabas Gan comments on the latest GDP data in Singapore. “Based on the final print by the Ministry of Trade and Industry (MTI), Singapore’s 4Q20 GDP contracted 2.4% y/y, ... ( read original story ...)
Number of unauthorised online banking and card transactions in Singapore jumps 460% in 2020
Many victims were tricked into revealing their user IDs, passwords, OTPs or credit card details.. Read more at straitstimes.com. ( read original story ...)
EMERGING MARKETS-S. Korea won, stocks rally on vaccine cheer; Singapore budget awaited
The Singapore dollar edged up on Tuesday ahead of the city-state's 2021 budget, while South Korea's won and stocks extended their rally on plans to vaccinate the entire country's population. By Feb 16 ... ( read original story ...)
PolicyBazaar Close To Finalising Bankers For IPO At $3.5 Bn Valuation
PolicyBazaar is expected to dilute up to 15% stake through the IPO and is said to be seeking a valuation of almost $3.5 Bn ... ( read original story ...)
Singapore sets aside over $8 billion in 2021 budget for new Covid support package
Finance Minister Heng Swee Keat said the funds will be used to support Covid vaccination efforts and economic segments hit hard in the pandemic. ( read original story ...)
Singapore to set aside $8.3bln more for COVID-19 support measures – finmin
Government last year committed nearly $75.55bln in support measures to cushion the impact of the coronavirus outbreak ... ( read original story ...)
HIGHLIGHTS-Singapore unveils 2021/2022 budget proposals, support for key sectors
The following are some highlights from Singapore's budget proposals outlined by Finance Minister Heng Swee Keat in parliament on Tuesday. ( read original story ...)
Singapore to set aside S$11 bln more for COVID-19 support measures – finmin
Singapore will set aside a further S$11 billion in a COVID-19 support package this year, its finance minister Heng Swee Keat said on Tuesday, as part of his budget announcement, extending last year’s ... ( read original story ...)
Singapore announces Budget 2021
The government is extending wage support to employers in the hard-hit sectors During Singapore’s annual Budget speech today (16 February), Finance Minister Heng Swee Keat announced an extension of the ... ( read original story ...)
Singapore on the road to recovery in 2021: research
This is despite some sectors continuing to be held back by pandemic measures. Singapore's gross domestic product contracted by 5.4% in 2020 but recovery may soon be felt with GDP expected to expand by ... ( read original story ...)