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Tag: stock market

Posted on 15/02/2024

Singapore economy grew 2.2% in Q4, lower than estimate

Singapore’s economy grew 2.2 percent on a year-on-year basis in the fourth quarter of 2023, government data showed on Thursday, lower than the advanced growth estimate of 2.8 percent released last ...

Posted on 15/02/2024

SIA, Sats among bigger companies in S’pore market poised to ride the Dragon

Despite all the value to be had, the Singapore stock market has remained in the doldrums. How long this will continue is anyone’s guess. The market’s average price-to-earnings (PE) multiple is 12.7 ...

Posted on 15/02/2024

Failed investment in Michelin Bib Gourmand prawn noodle sours 30-year friendship

SINGAPORE - The owner of a well-known hawker stall selling prawn noodles in Zion Road decided to go into business with a childhood friend to open a restaurant in South Bridge Road, after turning down ...

Posted on 15/02/2024

Singapore shares rise on Thursday after GDP data; STI up 0.3%

SINGAPORE stocks rose on Thursday (Feb 15) morning following news that gross domestic product growth in 2023 was 1.1 per cent, marginally down from advance estimates. Read more at The Business Times.

Posted on 14/02/2024

461 victims lost $6.8m in investment or job scams involving online chat groups since start of 2024

Victims were added to chat groups or channels on messaging platforms and offered investment or job opportunities. Read more at straitstimes.com.

Posted on 14/02/2024

Singapore REITs Fall as U.S. Inflation Data Weighs on Potential Payouts

By Amanda Lee Units of Singapore-listed real-estate investments trusts fell Wednesday after the latest U.S. inflation data added fuel to growing ...

Posted on 14/02/2024

IHH Healthcare’s indirect subsidiary to withdraw IPO plans

According to IHH, the private equity investors, as well as the board of directors at Fortis and Agilus, have agreed to withdraw the draft red herring prospectus following meetings held on Feb 13.

Posted on 14/02/2024

Singapore gov’t to refund 7.5 million wrongly collected tax

Singapore authorities will refund wrongly collected goods and services tax GST worth 75 million Singapore dollars 55 million US dollars to tax ...

Posted on 14/02/2024

Singapore leads commercial real estate investments in APAC

Commercial investment volume in Singapore grew 462% QoQ and 110% YoY in 4Q23. Singapore has emerged as a leader in APAC commercial investments after hitting US$4.1b in 4Q23. According to Knight Frank, ...

Posted on 14/02/2024

CapitaLand Investment establishes CapitaLand Ascott Residence Asia Fund II to invest in lodging properties amidst growing demand

CapitaLand Investment has established CapitaLand Ascott Residence Asia Fund II with a target equity size of US$600 million (S$800 million) to invest in lodging properties. It has secured first close ...

Posted on 13/02/2024

IEA and Singapore will set up regional energy centre to spur Asia’s green transition

The Regional Cooperation Centre, IEA's first office outside its Paris HQ, will open later in 2024. Read more at straitstimes.com.

Posted on 13/02/2024

The Future Of Investing: Fintech 50 2024

These six fintechs are serving everyone from high net worth investors to ordinary workers who need help consolidating their old 401(k)s.

Posted on 13/02/2024

Nikkei set to breach 37,000 with corporate inflation in focus; South Korea, Singapore return to trade

Asia-Pacific markets are set for a positive open as more markets return to trade from the Lunar New Year holiday, including South Korea and Singapore ... market A slump in foreign direct investments, ...

Posted on 13/02/2024

SoftBank-backed Eruditus plans to shift to India from Singapore for IPO

India's $4 trillion stock market has been pulling in billions of dollars of domestic and foreign money as investors flock to a fast-growing alternative to China ...

Posted on 13/02/2024

Marubeni and Engie plan to sell stakes in Singapore’s Senoko Energy

The prospective divestment, currently being assessed by financial advisors, could be initiated in February/March 2023.

Posted on 13/02/2024

India’s Eruditus plans to shift domicile to India from Singapore for IPO

IPOs in India last year outpaced Hong Kong listings despite ... Many Indian companies in recent years registered abroad in countries like Singapore in the hopes of better and easier access to capital.

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