Singapore shares ended higher on Thursday, in tandem with the gains in Asian equities, supported by industrial stocks. Asian shares rose after last week's sharp losses, despite a flat session on the Wall Street overnight, underpinned by economic growth ... ( read original story ...)
DBS is first Asian bank to launch climate policy—but it’s still funding coal
Southeast Asia’s largest bank DBS last week launched a climate policy — the first bank in the region to do so. Its new policy, published on the same day that Singapore launched its year of climate action, consists of four pledges to tackle climate ... ( read original story ...)
Bank lending ends flat in December
Bank lending in Singapore closed last year on a flat note, reflecting the contraction in lending in key business segments that included finance, construction and trade. Loans through the domestic banking unit - which captures lending in all currencies ... ( read original story ...)
The Singapore Stock Market Today: LY Corporation Limited Makes Its Debut
Hello, everyone. Here are three things about the local stock market that you might be interested in today. 1. The Straits Times Index (SGX: ^STI), ended Wednesday at 3,533.99 points, down 14.75 points or 0.42%. CapitaLand Commercial Trust (SGX: C61U) lost ... ( read original story ...)
Exclusive: OCBC to use deep learning satellite technology in oil financing
Singapore bank OCBC is trialling the use of deep learning satellite technology in a bid to reduce risks in the financing of crude oil. The bank has engaged specialist data analytics firm ImageSat International (ISI) to estimate crude oil levels in tanks ... ( read original story ...)
LY Corp debuts at 28.5 S cents on Catalist, 9.6% higher than IPO price
at 28.5 Singapore cents, a 9.6 per cent gain from its 26 cents initial public offering (IPO) price. As at 9.07am on Wednesday, the counter was trading at 29 Singapore cents apiece. Some 4.89 million shares changed hands. LY Corp is the first to launch an ... ( read original story ...)
Hong Kong vs Singapore: which is your best bet for a banking job in 2018?
As hiring in Singapore and Hong Kong heats up this bonus season, we reveal which city has the most banking jobs across nine key functions. https://news.efinancialcareers.com/sg-en/306704/hiring-asian-banking-chinese-new-year/ If you’re looking for a ... ( read original story ...)
Singapore downgrades hygiene rating of Michelin-star outlet after 43 get food poisoning symptoms
SINGAPORE, Jan 30 (Reuters) - A Michelin-star restaurant in Singapore has been hit with a hygiene downgrade by health authorities after more than three dozen guests at a wedding reception fell ill, having eaten food prepared by its kitchen staff. The 43 ... ( read original story ...)
Renewed Selling Pressure Tipped For Singapore Shares
The Singapore stock market on Monday snapped the two-day slide in which it had surrendered more than 40 points or 1.2 percent. The Straits Times Index now rests just above the 3,575-point plateau although it figures to head south again on Tuesday. ( read original story ...)
Sembcorp Industries planning IPO for India unit to raise $500-600 million
Mumbai: Singapore-based utility group Sembcorp Industries is gearing up to file for an initial public offering (IPO) of its Indian arm which could see the company raise around $500-600 million (about Rs3,200-3,800 crore), two people aware of the ... ( read original story ...)
HNA’s Former Singapore Partner Is Said to Revive IPO Work
Davos WEF 2018: Paytm To Sell Loans, Insurance As It Builds Three-Stack Model, Says Vijay Shekhar Sharma What Dalal Street Wants From Budget 2018 NSE’s Limaye Says Options Open To Stop Futures Trade From Moving To Singapore Budget 2018: Between A (Fiscal ... ( read original story ...)
Week in Review: Luye May Stage $500 Million Singapore IPO of Healthcare Assets
Luye Medical, the healthcare arm of Luye Life Sciences, is considering an IPO in Singapore that could raise as much as $500 million (see story). The company has assembled a portfolio of businesses, largely through M&A, consisting of hospitals, clinics and ... ( read original story ...)
HNA’s former Singapore partner is said to revive REIT IPO work
(Jan 26): AEP Investment Management Pte has resumed work on a long-delayed Singapore initial public offering of its property assets after Chinese conglomerate HNA Group Co terminated its participation in the listing, people familiar with the matter said. ( read original story ...)
Singapore Joins Dual-Class Shares Club, Wooing Tech IPOs
(Bloomberg) -- Singapore Exchange Ltd. said it allow companies with dual-class share structures to list, a month after Hong Kong announced a similar proposal, as competition between markets for technology listings becomes increasingly fierce. SGX will ... ( read original story ...)
LY Corporation Limited to debut as the first IPO on SGX-ST in 2018
"We are encouraged by the strong investor interest in the IPO, which reflects confidence in LY ... Trading in the Company's shares on the Catalist Board of the Singapore Exchange Securities Trading Limited (SGX:1H8) is expected to commence at 9.00 a.m ... ( read original story ...)
Route Mobile files IPO papers with SEBI, to raise around Rs 600 cr
The IPO comprises a fresh issue of up Rs 350 crore and an offer ... issue proceeds for investment in subsidiaries for purchase of office premises in London and Singapore; purchase of business process outsourcing centre in Noida and general corporate ... ( read original story ...)