Singapore stocks post modest gains after Wall Street rally; STI up 0.2% at open

9 Jul 2020 - The Business Times
SINGAPORE shares continued to edge up on Thursday, after eking out modest gains the previous day and tracking a Wall Street rally overnight. The benchmark Straits Times Index (STI) gained 5.90 points or 0.2 per cent to 2,675.39 as at 9.01am. Gainers outnumbered losers 104 to 33, after some 65.9 million ...
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Daily Briefing: COE prices close higher since suspension; Openspace Ventures raised $125.17m in first close of third SE Asia fund

9 Jul 2020 - Singapore Business Review
And scientists seek power in shadow energy. From ChannelNews Asia: Certificate of Entitlement (COE) premiums closed higher across the board in the first bidding exercise since tenders were suspended because of COVID-19 restrictions. A total of 9,635 bids were received, with a quota of 4,382 COEs available. ...
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Novo Holdings brings life sciences investment platform to Singapore

8 Jul 2020 - Singapore Business Review
Amit Kakar appointed to be Head of Asia. Life science investor Novo Holdings expands its geographical investment scope as it opens its first Asia office in Singapore, complementing its already extensive investment activities in Europe and the United States. In addition, Novo Holdings has appointed Dr. ...

Daily Briefing: Digital community hubs to be launched by end August; Sequoia raises $1.81b for two new funds

8 Jul 2020 - Singapore Business Review
And fintech firm FOMO pay acquired by Hong Kong’s AMTD. From ChannelNews Asia: Anyone facing difficulties with their digital devices will soon be able to get help from new SG Digital community hubs that will be set up across Singapore. Located in community centres and public libraries, the 46 one-stop ...

Oil trader ZenRock to wind down in August: report

8 Jul 2020 - Singapore Business Review
The company is expected to hand over responsibilities to a judicial manager. Troubled Singapore-based oil trader ZenRock has plans to wind down its business, with employees across offices in the city-state and China set to depart by August, according to people with knowledge of the matter. ZenRock Commodities ...
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Daily Briefing: Singapore's hotel industry can't rely on staycations; Indies raises $139m for third Asian fund

7 Jul 2020 - Singapore Business Review
And overseas students affected by the pandemic have options in local universities. From Bloomberg: Singapore needs to count on ‘staycationers’ to plug the gap in an industry that brought in almost $27.81b (US$20b) in revenue last year with borders closed to foreigners, hotels and tourist attractions. ...
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Temasek, Google in talks to fund Indonesia's Tokopedia

6 Jul 2020 - Singapore Business Review
The e-commerce firm has previously held talks with US internet giants. Google and Temasek are in negotiations to join a funding round of between $696.4m (US$500m) and $1.39b (US$1b) for Indonesian e-commerce giant Tokopedia, Bloomberg reported according to people familiar with the matter. Tokopedia, ...
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Ascendas REIT 'not presently' pushing with Hyflux debt moratorium carve-out

6 Jul 2020 - Singapore Business Review
This comes after the latter’s second pre-trial conference (PTC) on 2 July. Ascendas REIT (A-REIT) has informed the High Court that it is not presently proceeding with its application to be carved out of Hyflux’s debt moratorium by the Unsecured Working Group, an SGX filing revealed. This comes after ...
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Pine Labs considers bid for Wirecard’s businesses in Southeast Asia

3 Jul 2020 - The Edge Markets
(July 3): Pine Labs, the Indian payments company backed by Sequoia Capital and Mastercard Inc., is considering a bid for fallen fintech star Wirecard AG’s businesses in Southeast Asia and India, according to people familiar with the matter. A potential bid is still at an exploratory stage, as there’s ...

HSBC pledges to boost more investments in China following political tensions

3 Jul 2020 - The Edge Markets
(July 3): HSBC Holdings Plc pledged to boost investments in China to capture more wealth and retail clients even as political tension escalates after Beijing launched sweeping new security legislation to crack down on Hong Kong. The bank, which has come under fire over its support for the legislation, ...
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