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Tag: ipo

Posted on 06/01/2024

Top Stock Market Highlights of the Week: Singapore’s GDP, US Federal Reserve and BYD’s Record Sales

We look at the latest GDP reading for Singapore and tally up the sales numbers for electric vehicle manufacturer BYD. The post Top Stock Market Highlights of the Week: Singapore’s GDP, US Federal ...

Posted on 05/01/2024

Singapore-based companies to sign MoU worth S$5 billion with TN govt at GIM 2024

Singapore-based companies to sign S$5b MoUs with Tamil Nadu Government at Global Investors Meet 2024 in Chennai, creating 6,200 jobs.

Posted on 05/01/2024

Johor state govt proposes Iskandar Malaysia be designated special economic zone with Singapore

A memorandum of understanding on the SEZ is expected to be inked by both sides on Jan 11. Read more at straitstimes.com.

Posted on 05/01/2024

Singapore stocks snap 2024 losing streak as STI gains 0.3%

SINGAPORE - After being on a losing streak since the start of 2024, local stocks regained some bounce on Jan 5 amid mixed trading in the region. Read more at straitstimes.com.

Posted on 05/01/2024

Lazada S’pore retrenches staff at start of 2024 ahead of possible IPO, fails to notify union

Lazada, unionised under FDAWU, did not notify or consult FDAWU before it initiated a retrenchment exercise. FDAWU has since written to Lazada to express their disappointment, stating that such a move ...

Posted on 05/01/2024

Singapore Increases Goods and Services Tax for 2024

Singapore has increased its goods and services tax (GST) rate by one percent to nine percent as of January 1, 2024.

Posted on 04/01/2024

T-bills in Singapore: What it is, how to buy and the latest cut-off yield (9 January 2024)

The latest six-month Treasury Bills (T-bills) to be issued on 9 January 2024 had a cut-off yield of 3.74 per cent per annum, and the cut-off price was 98.135. With a S$12.8 billion applied amount, the ...

Posted on 04/01/2024

Lazada axes Singapore staff amid speculation of upcoming IPO

SINGAPORE - Regional e-commerce company Lazada on Jan 3 laid off an undisclosed number of its Singapore staff. In response to queries from The Straits Times, a Lazada spokesman said: “We are making ...

Posted on 04/01/2024

Singapore’s S$500 CDC vouchers 2024: Who is eligible, how to claim, and more

Each Singaporean household can claim S$500 in CDC Vouchers 2024. Of this, $250 can be spent at participating heartland merchants and hawkers, and the other S$250 can be spent at participating ...

Posted on 04/01/2024

Here’s Why SGX-Listed OCBC is UOB’s Top Banking Pick for 2024

SGX-listed Oversea-Chinese Banking Corp. Ltd. (SG:O39), or OCBC, has won the accolade of UOB Kay Hian analyst Jonathan Koh as the top banking pick ...

Posted on 03/01/2024

Lazada cuts staff amid speculation of upcoming IPO

Lazada declined to disclose how many in Singapore and South-east Asia were affected and whether they got a severance package. Read more at straitstimes.com.

Posted on 03/01/2024

Singapore’s investment outlook in 2024 unlikely to be hurt by Significant Investments Review Bill

GLOBAL economic uncertainty aside, one question for Singapore’s foreign investment outlook in 2024 is a proposed law to scrutinise significant investments in critical entities. Read more at The ...

Posted on 02/01/2024

Singapore stocks end lower in first 2024 session; STI down 0.3%

SINGAPORE stocks started 2024 weaker amid mixed trading across the region. The benchmark Straits Times Index (STI) fell 0.3 per cent or 10.32 points to close at 3,229.95 on Tuesday (Jan 2). Shares of ...

Posted on 02/01/2024

Singapore Stock Market on sale! Analysts say it’s severely undervalued

SINGAPORE: Insiders said that the Singapore stock market is severely undervalued, supported by metrics such... The post Singapore Stock Market on sale! Analysts say it’s severely undervalued appeared ...

Posted on 02/01/2024

UOB Kay Hian downgrades Singapore banking sector to ‘market weight’ amid anticipated interest rate downcycle

UOB Kay Hian analyst Jonathan Koh has downgraded the Singapore banking sector to “market weight” amid an upcoming interest rate downcycle. The US Federal Reserve has paused its rate hike for the third ...

Posted on 02/01/2024

Singapore dollar has chance of three-peat on inflation fight

The Singapore dollar beat out all its Asian counterparts in each of the past two years. The chance of leading the region for a third straight year rests with the central bank.

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