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Posted on 31/07/2019

Singapore’s Shrinking Stock Market May Turn Around Its Fortunes

The largest IPO this year in Singapore was by Prime U.S. REIT, which raised $612 million. But beyond IPO volumes -- which still remain below an average of $2 billion per year since 2000 -- companies ... ( read original story ...)

Posted on 30/07/2019

Singapore’s globetrotters spent $8.4 bil on travel in 2018

SINGAPORE (July 30): Despite a tiny population of just over 5.6 million, Singapore last year accounted for 1% of all international arrivals to the top 200 tourism cities in the world – contributing ... ( read original story ...)

Posted on 29/07/2019

Singapore Inflation Rate 2019 – What Exactly Is It & Why Does It Matter?

I must confess I haven’t a clue what the Singapore inflation rate actually is. The thing is, knowing the inflation rate, even if it’s just a ballpark figure, is crucial for all kinds of personal ... ( read original story ...)

Posted on 29/07/2019

Singapore’s move to waive sales tax on digital payment tokens will spur innovation, boost cryptocurrency exchanges, says PwC

The Singapore government’s proposal to exempt digital payment tokens from a sales tax when they are used to pay for goods and services is likely to benefit cryptocurrency exchanges, asset managers and ... ( read original story ...)

Posted on 26/07/2019

James Dyson ‘buys’ second luxury home in Singapore

British billionaire James Dyson is set to buy a second Singapore home for £26.5m, just weeks after paying a record £43m for the city’s biggest apartment. The tycoon and inventor of bagless vacuum ... ( read original story ...)

Posted on 26/07/2019

Hyflux suitor Utico eyes $500 mil Singapore IPO in 2 years

(July 26): United Arab Emirates-based utility Utico FZC plans to raise as much as $500 million through a listing on the Singapore Exchange in the next two years, according to chief executive officer ... ( read original story ...)

Posted on 26/07/2019

Hyflux Suitor Utico Eyes S$500 Million Singapore IPO in 2 Years

United Arab Emirates-based utility Utico FZC plans to raise as much as S$500 million ($366 million) through a listing on the Singapore Exchange in the next two years, according to chief executive ... ( read original story ...)

Posted on 26/07/2019

China’s Wanda Sports cuts U.S. IPO size, lowers price range

SINGAPORE — Wanda Sports Group Co Ltd, a unit of Chinese conglomerate Dalian Wanda Group, has cut the size of its U.S. initial public offering (IPO) to up to $308 million from a previous size of ... ( read original story ...)

Posted on 25/07/2019

Singapore braces for delistings to continue even after rule fix

(Bloomberg) -- This year, Singapore’s stock market has seen on average of two companies a month looking to delist. The trend may not be reversing any time soon. The Singapore exchange tweaked the ... ( read original story ...)

Posted on 23/07/2019

Singapore’s Virtual Banks Offer chance for Homegrown AI to Shine

Minister Tharman Shanmugaratnam, chairman of the Monetary Authority of Singapore (MAS), is going to hail new virtual bank licences, expected to be granted later this year, as the next chapter in ... ( read original story ...)

Posted on 22/07/2019

Prime US REIT closes flat at IPO price on trading debut

SINGAPORE (July 19): Prime US REIT closed flat at its first trading session on the Singapore Exchange on Friday. As at 5pm, the counter was trading at its IPO price of 88 US cents with 10.7 million ... ( read original story ...)

Posted on 19/07/2019

Why I Believe Singapore Exchange Limited Can Continue to Grow

Singapore Exchange Limited (SGX: S68), or SGX, is Singapore’s sole stock exchange. It offers a platform for trading securities such as equities, fixed income, and derivatives. SGX also offers services ... ( read original story ...)

Posted on 18/07/2019

Singapore fuel inventories hit eight-month low as IMO fuel-switch takes effect

SINGAPORE (Reuters) - Oil product inventories in the Singapore storage and trading hub fell to an eight-month low in the week ended July 17, official data showed, in one of the latest signs that ... ( read original story ...)

Posted on 18/07/2019

Top China LPG Buyer Considers Singapore IPO for Trading Unit

Oriental Energy Co., China’s biggest importer of liquefied petroleum gas, is considering an initial public offering of its trading and logistics unit on the Singapore stock exchange. The company is in ... ( read original story ...)

Posted on 18/07/2019

Smaller Banks in Singapore Are at Risk As Fintechs Eye Digital Banking License

Competition is heating up in Singapore’s digital banking landscape as an increasing number of fintechs including e-wallet operators and payment services providers are looking to apply for when ... ( read original story ...)

Posted on 18/07/2019

International banking heads take home highest salaries in financial sector

The average base monthly salary for this role can hit $33,000. The heads of international banking divisions in Singapore are the highest paid amongst the financial services roles with an average base ... ( read original story ...)

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