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DBS plans to stop financing coal power after 2021

18 Apr 2019 - The Star Online
SINGAPORE (Bloomberg): Singapore’s largest bank plans to stop financing coal-fired power plants once its existing commitments are complete in 2021. DBS Group Holdings Ltd will stop financing new projects in any market regardless of the efficiency of the technologies used, it said in a statement on its ...

Local fund buying helps KLCI recoup early losses

18 Apr 2019 - The Star Online
KUALA LUMPUR: Blue chips closed Thursday off their intra-day lows as local funds were seen mopping up oversold banking stocks but key Asian markets ended mostly in the red on profit taking and due to trade tensions. At 5pm, the FBM KLCI was down 1.17 points or 0.07% to 1,619.73. It hit an intra-day low ...

SGX Bull Charge kicks off 2019 fundraising with Sasseur Asset Management as Premium Partner

18 Apr 2019 - ACN Newswire
This year's fundraising efforts for Singapore Exchange's (SGX) flagship charity initiative Bull Charge are off to a strong start with Sasseur Asset Management Pte. Ltd., the manager of Sasseur REIT, signing up as a Premium Partner. At a dinner on 17 April to celebrate Sasseur REIT's first year of listing ...

Rout continues on Bursa Malaysia, ringgit extends slide

18 Apr 2019 - The Star Online
KUALA LUMPUR: The FBM KLCI extended its slump on Thursday as investors continued to take points off banks and telcos. Leading the sell-off among banks, Public Bank lost 32 cents in morning trade to RM22.28 while Maybank dropped eight cents to RM8.92. In telcos, Maxis recorded losses for a second straight ...

COE prices extend steep uptrend in April

18 Apr 2019 - Singapore Business Review
Premiums for open category COEs rose to a one-year high at $52,410. Certificate of entitlement (COE) premiums closed mostly higher in the latest bidding exercise in April, extending an upward trend. Premiums for Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, rose to ...

Keppel REIT net property income up 0.3% to $31.31m in Q1

18 Apr 2019 - Singapore Business Review
It was saved by higher one-off income that was offset by lower incomes from properties. Keppel REIT’s net property income (NPI) marginally rose by 0.3% YoY from $31.22m in Q1 2018 to $31.31m in Q1 2019, according to its financial statement. Distribution per unit (DPU) fell 2.16% from $1.42 to $1.39. ...

Over half of SMBs ignore government digitalisation initiatives

18 Apr 2019 - Singapore Business Review
This is despite firms being hampered by the lack of digital talent and data. In terms of government initiatives geared towards digitalisation of small and medium businesses (SMB), about 41.4% said they are aware of government initiatives that support SMBs and have already benefited from them. On the ...

PUB issues termination notice to Tuaspring

18 Apr 2019 - Singapore Business Review
It provides a 30-day notice period before the plant takeover. The Public Utilities Board (PUB) has issued a notice to Hyflux subsidiary, Tuaspring, that will terminate the Water Purchase Agreement (WPA) and take over the desalination plant. The termination notice provides a 30-day notice period before ...

UBS Singapore to occupy 9 Penang Road by 2020

18 Apr 2019 - Singapore Business Review
The building will house 4,000 staff and the bank’s in-house university. UBS Singapore will move into the 10-storey Grade A office building at 9 Penang Road by the second half of 2020 and become its major tenant, an announcement revealed. SingHaiyi Group, Haiyi Holdings, and Suntec (PM) added that the ...

Expression of interest for Jurong Lake District integrated tourism development to be launched

18 Apr 2019 - Singapore Business Review
The exercise will close in early November 2019. The Singapore Tourism Board (STB) eyes an Expression of Interest (EOI) exercise for an integrated tourism development in the Jurong Lake District, senior minister for trade and industry Chee Hong Tat revealed. The development at the Jurong Lake District ...