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MAS slaps three-year prohibition orders against former UBS banker

17 Jun 2019 - Singapore Business Review
Paris Michele was discovered to have falsified company emails and forged documents. The Monetary Authority of Singapore (MAS) has issued 3-year prohibition orders (POs) against former UBS Singapore banker, Paris Michele, for dishonest conduct after he was found to have forged documents and falsified ...

ESR-REIT JV to buy logistics property for $225m

17 Jun 2019 - Singapore Business Review
The site will serve as Poh Tiong Choon Logistics’ corporate headquarters. The trustee of ESR REIT has entered into a joint venture (JV), through a limited liability partnership in Singapore known as PTC Logistics Hub LLP, with Poh Tiong Choon Logistics (PTC) to purchase a property at 48 Pandan Road for ...
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Hyflux in talks with another potential white knight from China

17 Jun 2019 - Singapore Business Review
The potential investor is said to be a subsidiary of a state-owned enterprise that provides power services. Embattled water treatment firm Hyflux has received a non-binding letter of intent for a potential investment by another possible white knight from China, a filing with the Singapore Exchange (SGX) ...
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Banks step up buyback spree to rescue share price

17 Jun 2019 - Singapore Business Review
Most of the buybacks by DBS were done in May, when the share price fell 14%. Singapore banks’ share buybacks have picked up steam in 2019. A Maybank Kim Eng report noted that DBS and OCBC have bought back more shares YTD and much earlier than they did last year. Maybank KE analyst Thilan Wickramasinghe ...

NODX dropped 15.9% in May

17 Jun 2019 - Singapore Business Review
Electronic exports contracted 31.4% YoY. Non-oil domestic exports (NODX) dipped 15.9% YoY in May, extending the 10% decline reported in April as both electronic and non-electronic exports decreased, according to Enterprise Singapore (ESG). On a MoM seasonally adjusted basis, NODX edged up 6.2% to $14.1b ...

Daily Markets Briefing: STI up 0.06%

17 Jun 2019 - Singapore Business Review
UOB led the gains at 0.97%. The Straits Times Index ended 1.97 or 0.06% higher at 3,222.63. The top active stocks were DBS, which grew 0.53%, Singtel, which slipped 0.6%, UOB, which edged up 0.97%, OCBC, which increased 0.09%, and ST Engineering with a 0.24% advance. The FTSE MidCap rose 0.04% whilst ...
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Daily Briefing: Sentosa Cove property prices fell to record low $1,367 psf; Full floor plate at Springleaf Tower up for sale at $27.2m

17 Jun 2019 - Singapore Business Review
And 25-year-old Great Singapore Sale will kick off by 21 June. From Property Guru: Resale property prices in Sentosa Cove fell to a record low $1,367 psf, since luxury residential properties were first launched in the area in November 2004. The property cooling measures rolled out by the government in ...

Chart of the Day: Employees on short-work week more than doubled to 900 in Q1

17 Jun 2019 - Singapore Business Review
Four in five were from the manufacturing sector. This chart from the Ministry of Manpower (MoM) shows that employees on short work-week more than doubled (143%) MoM to 900 in Q1 2019 from 370 in Q4 2018. Based on the data, employees on short-work week saw a declining trend from Q3 2017 (880) until Q4 ...

29 Indonesian businesses win SME100 Awards as 'Fast Moving Companies 2019'

15 Jun 2019 - ACN Newswire
The prestigious award for small and medium enterprises, the SME100 Awards, recognized 29 Indonesian SMEs honored as 'Fast Growing Businesses 2019' in a ceremony in Jakarta on Friday.The naming of 29 SMEs as fast growing businesses was based on evaluating criteria, such as income and profit growth, along ...

Boustead Plantations CEO Chow Kok Choy retires on July 31

14 Jun 2019 - The Star Online
KUALA LUMPUR: Boustead Plantations Bhd chief executive officer (CEO) Chow Kok Choy, a veteran planter, will retire on July 31 after 48 years with the group. The board said on Friday it had accepted the retirement of Chow, 71, who has been with the company since 1971. In the interim, while it seeks ...
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