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US-China trade doubts, HK unrest spook investors

12 Nov 2019 - The Business Times
SINGAPORE equities got the week off to a rough start after doubts surrounding US-China trade talks surfaced and tensions in Hong Kong were at fever pitch once again. The Straits Times Index (STI) could not shrug off those concerns despite better-than-expected earnings from DBS Group... To continue reading ...
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ST Engineering Q3 profit rises 3.4% to S$139.1m

12 Nov 2019 - The Business Times
Singapore MAINBOARD-LISTED Singapore Technologies Engineering (ST Engineering) posted a 3.4 per cent rise in net profit to S$139.1 million for its third quarter ended Sept 30, from S$134.6 million a year ago. This was on the back of higher revenue for all sectors, and rises in net... To continue reading ...
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Is the long-standing Wee-Gokongwei rivalry over UIC set to soften?

12 Nov 2019 - The Business Times
Singapore THE state of play over Singapore-listed United Industrial Corp (UIC), the biggest office landlord in the city state long embroiled in a tug-of-war between two of South-east Asia's wealthiest families - Singapore's Wee and the Philippines' Gokongwei - could shift gear with the... To continue ...
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Magnus Energy minorities show that collectively they are a force to be reckoned with

12 Nov 2019 - The Business Times
THE stock price chart of Magnus Energy over the past five years is not a pretty sight to behold. It looks like an electrocardiogram (ECG) of a patient who is suffering from a complete heart block, or one who is clinically dead. Hence, it was not surprising when shareholders of the... To continue reading ...
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DBS has solid Q3, but faces margin squeeze

12 Nov 2019 - The Business Times
Singapore SOUTH-EAST Asia's largest lender DBS will not be able to meet its 2019 net interest margin (NIM) growth forecast that it had guided for earlier, as the three interest rate cuts by the US Federal Reserve this year took the bank by surprise. In its third-quarter results briefing on Monday, DBS ...
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Foreign workers, GST hike keeping SMEs up at night

12 Nov 2019 - The Business Times
Singapore CONCERNS over coping with foreign manpower cuts and an impending hike in the Goods and Services Tax (GST) remain top of mind for small and medium-sized enterprises (SMEs), with representatives from these businesses asking during a dialogue session how the government could assist... To continue ...
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IRAS recovers S$75m in corporate taxes, penalties in first nine months

12 Nov 2019 - The Business Times
Singapore SINGAPORE'S tax authority recovered S$75 million in corporate taxes and penalties for the first nine months of 2019, an excess of nearly S$8 million compared with the same period in the previous year. The amount came from 2,368 companies from a cross-section of industries... To continue reading ...
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Growth-stage funding gap holds back aspiring unicorns, say panellists

12 Nov 2019 - The Business Times
Singapore WITH early-stage startup investors chasing high return multiples and late-stage backers sticking to proven business models, a funding gap at the growth stage - also known as the Series C and D stage - has created a bottleneck for aspiring unicorns, said panellists at the... To continue reading ...
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MAS, IMDA to pilot real trades on cross-border SME digital platform

12 Nov 2019 - The Business Times
Singapore BUSINESS sans Borders (BSB), a cross-border digital trade platform experiment for small and medium-sized enterprises (SMEs), will be ramped up in the first half of next year, having completed its proof-of-concept (POC) stage, said the Monetary Authority of Singapore (MAS) and... To continue ...
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DBS and OCBC tie up with tech giant Google

12 Nov 2019 - The Business Times
Singapore DBS and OCBC Bank are tying up with tech giant Google. Both Singapore banks are due to launch Google Pay services with OCBC's PayNow service and DBS's PayLah! by early 2020. OCBC Bank customers will be the first in Singapore to be able to link their bank accounts... To continue reading SUBSCRIBE ...
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