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Daily Markets Briefing: STI up 0.24%

21 Aug 2019 - Singapore Business Review
Singtel led the gains amongst top active stocks with a 0.94% climb. The Straits Times Index ended 7.5 or 0.24% higher at 3,135.95. The top active stocks were DBS, which dipped 0.16%, UOB, which declined 0.64%, YZJ Shipbuilding, slipped 3.96%, Singtel, which rose 0.94%, and OCBC with a 0.19% fall. The ...
sgx:es3

Listed utility firms' returns hit 13.2% in July

20 Aug 2019 - Singapore Business Review
The three top-performing stocks had total returns of 19.9%. Singapore’s utility sector registered a total return of 13.2% for the first seven months of 2019 and garnered $11m of net institutional inflows from May to July 2019, SGX Research revealed. SGX’s five largest capitalised utility plays – Keppel ...

Fintech employers eye upsizing staff in next 12 months: survey

20 Aug 2019 - Singapore Business Review
Over 1 in 5 employers expects their workforce to double after 36 months. Demand for talent in the Fintech industry is expected to remain strong as 94% of employers expressed desire to expand their current workforce in the next 12 months, according to a survey by the Singapore Fintech Association (SFA) ...

4 in 5 firms to cut legal costs in 2 years: survey

20 Aug 2019 - Singapore Business Review
20% of local companies outlined cutbacks of up to a tenth of current legal fees. 78% of companies plan to reduce their legal function costs in the next two years, with 20% of firms outlining cutbacks of up to a tenth of current legal fees, a report by professional services firm Ernst & Young (EY) revealed. ...

Tripartite Workgroup eyes first changes to retirement age by 2022

20 Aug 2019 - Singapore Business Review
This is to give way to improvements in workers’ life expectancy. The Tripartite Workgroup called to raise the retirement age to 65 and the re-employment age to 70 by the end of the next decade and demanded that the first increases to take place by 1 July 2022, a document has revealed. This is after prime ...

Singapore VC fund manager tops global consistency rankings

20 Aug 2019 - Singapore Business Review
All three of East Ventures’ funds were in the top quartile of returns with over 20% internal rate of return. Two Singaporean firms, East Ventures and Vickers Venture Partners, joined the list of the top consistent venture capital (VC) fund managers in the world by capital market and data analytics firm ...

Shell launches electric vehicle charging service

20 Aug 2019 - Singapore Business Review
It will be available at ten of its stations by October. Shell has launched its new electric vehicle (EV) charging service dubbed as “Shell Recharge”, which it claims to be the e first of such service in Singapore and Southeast Asia. The Shell Recharge houses 50kW rapid direct current (DC) chargers, which ...

Daily Briefing: Gold investors flee to Singapore amidst Hong Kong unrest; Property portal 99.co raises $20.8m in Series B round

20 Aug 2019 - Singapore Business Review
And waste management firm Blue Planet bought Globecycle Holdings. for an undisclosed sum. From Bloomberg: Gold dealer firm J. Rotbart & Co., which helps customers buy, store and transport precious metals, says it has seen an increase in demand for gold storage in Singapore from new clients--even when ...

ST Engineering's half-year order book hit record-high of $15.6b

20 Aug 2019 - Singapore Business Review
Around $3.8b of it is expected to be delivered in the second half of the year. ST Engineering’s order book has reached a record-high $15.6b as at end-June, which underpins healthy growth prospects in the near-to-medium term, according to analysts. Of this book figure, $3.8b is expected to be delivered ...
sgx:s63

ST Engineering's half-year order book record-high of $15.6b

20 Aug 2019 - Singapore Business Review
Around $3.8b of it is expected to be delivered in the second half of the year. ST Engineering’s order book has reached a record-high $15.6b as at end-June, which underpins healthy growth prospects in the near-to-medium term, according to analysts. Of this book figure, $3.8b is expected to be delivered ...
sgx:s63