More than 5,400 renovation projects cleared to resume

3 Jun 2020 - Singapore Business Review
New applications to resume works can be approved within two days. The Building and Construction Authority (BCA) has cleared and approved over 5,400 renovation projects applications for suspended residential renovation projects, according to an announcement. All new applications to resume works will be ...

MinLaw and IPOS launch public consultation on CMO licensing scheme

3 Jun 2020 - Singapore Business Review
The consultation looks at making a mandatory Code of Conduct for CMOs. The Ministry of Law (MinLaw) and the Intellectual Property Office of Singapore (IPOS) have launched a public consultation that will end on 30 June for a proposed licensing scheme for Collective Management Organisations (CMOs) in Singapore, ...

Breadtalk to delist from SGX

3 Jun 2020 - Singapore Business Review
This follows the close of offer announcement with BTG Holding Company. Breadtalk will be delisted from the official list of the Singapore Exchange Securities Trading Limited (SGX-ST) on 5 June following completion of the compulsory acquisition, according to an announcement. This follows the closing of ...
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STI rises for third straight day on hopes of economic recovery

3 Jun 2020 - The Business Times
SINGAPORE shares extended gains on Wednesday, boosted by sustained optimism over the easing of lockdowns. The benchmark Straits Times Index (STI) recorded its third climb in a row, ending at 2,700.39, up 88.76 points or 3.4 per cent. The STI's performance also tracked Wall Street's overnight rally on ...
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Decline in interest rates not necessarily beneficial for Singapore's stock market

3 Jun 2020 - The Edge Markets
(June 3): While a decline in interest rates is generally seen as good for stocks, the benefits of Singapore’s slide toward negative territory are far from certain. The city-state’s overnight borrowing rate slid to within two basis points of zero last month while the one-month swap-offer rate turned negative ...

PhillipCapital in talks to acquire RHB Securities Singapore

3 Jun 2020 - The Edge Markets
SINGAPORE (June 3): Consolidation in the local brokerage industry might resume again. PhillipCapital, one of the largest local brokerages around, is in talks to buy the Singapore operations of RHB Securities, which is a subsidiary of Malaysian bank RHB, sources said. The acquirer, under executive chairman ...

Grab rolls out new feature to track hygiene compliance

3 Jun 2020 - Singapore Business Review
Malpractice of good personal hygiene may result in suspension of user accounts. Grab has unveiled its GrabProtect feature to enforce higher safety and hygiene standards in the ride-hailing industry, a press release confirms. Grab drivers, delivery-partners, and passengers will have to confirm that they ...

ComfortDelGro ties up with ALPS to deliver medicine

3 Jun 2020 - Singapore Business Review
The service is offered to all public healthcare institutions. ComfortDelGro Taxi has tied up with ALPS Pte Ltd, the supply chain arm of the public healthcare system, to deliver essential medication to patients with pre-existing conditions, who require regular refills during the COVID-19 period, according ...
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GIC in talks to buy StorageMart stake

3 Jun 2020 - Singapore Business Review
The potential transaction is slated to value StorageMart at more than $3.5b. Singaporean sovereign wealth fund GIC is in talks to acquire a stake in US-based self-storage facility chain StorageMart, which describes itself as the largest privately owned storage company in the world, according to people ...

SIA's shares fully subscribed in its rights issue

3 Jun 2020 - Singapore Business Review
Temasek nabbed pro-rata entitlement to 985.96 million rights shares. Singapore Airlines (SIA) has announced that its rights issue of shares was fully subscribed, an SGX filing revealed. Valid acceptances and excess applications were received for about 2.13 billion rights shares, representing approximately ...
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