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STI finishes the week in sniffles, down 1.2%

22 Feb 2020 - The Business Times
THE Singapore stock market continued its retreat on Friday, with the Straits Times Index (STI) down 17.65 points or 0.55 per cent to 3,181.03. This marks a 1.2 per cent decline over the course of the whole week. About 1.62 billion shares worth S$1.23 billion changed hands. Two stocks... To continue reading ...
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Memiontec files for IPO of 33.5 mil shares at 22.5 cents

21 Feb 2020 - The Edge Markets
SINGAPORE (Feb 21): Total solution water treatment company, Memiontec, has today launched its initial public offering (IPO) on the Catalist Board of Singapore Exchange. The group which provides water and wastewater management services across Singapore, Indonesia and China, will be placing about 33.5 ...

Deliveroo's orders grew 20% amidst COVID-19 outbreak

21 Feb 2020 - Singapore Business Review
In 2019, orders on the platform surged 50% YoY. Online food delivery service Deliveroo saw its orders in Singapore rise an average of 20% in 27 January to 16 February, according to a press release. This was partly attributed to the economic effects of the COVID-19 outbreak. In 2019, orders on the platform ...

Wilmar International's profits grew 15% to $1.78b in 2019

21 Feb 2020 - Singapore Business Review
Growth was driven by higher profits from the Oils and Oilseeds segments. Wilmar International’s net profits reported a 15% increase to $1.12b (US$1.57b) in 2019. Revenues for the full year slid 4% to $59.74b (US$42.64b), according to its financial statement. For Q4, the company saw a 120% surge in net ...
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StarHub's profits slid 10.9% to $178.6m in 2019

21 Feb 2020 - Singapore Business Review
Lower revenues were reported for the Mobile, Pay TV, and broadband lines. StarHub’s net profits saw a 10.9% decrease at $178.6m in FY2019. Revenues for FY2019 inched up 1.3% to $2.33b. On a quarterly basis, net profit surged 115.6% in Q4 to $33.3m, from $15.4m in the same quarter in 2018. Meanwhile, ...
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Singapore shares fall 0.6% on Friday as Covid-19 weighs on sentiment

21 Feb 2020 - The Business Times
THE Singapore stock market continued its retreat on Friday, with the Straits Times Index dropping 17.65 points or 0.55 per cent to close at 3,181.03. This marks a 1.2 per cent decline over the course of the week. The Singapore Exchange, United Overseas Bank (UOB) and Hongkong Land were among the biggest ...
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DBS Group prices $1.4b issue at 3.3%

21 Feb 2020 - Singapore Business Review
The deal is said to bear the lowest coupon for any AT1 USD deal in the world. DBS Group Holding’s has priced its $1.4b (US$1b) perpetual capital securities at 3.3%, the company announced in an SGX filing. The deal bears the lowest coupon for any AT1 USD deal done in the world on record, according to ...
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Sembmarine ex-consultant charged in Brazil for money laundering, corruption

21 Feb 2020 - Singapore Business Review
He was connected to a consultant engaged by its subsidiaries on contracts with Sete Brasil. Sembcorp Marine’s (Sembmarine) subsidiaries’ ex-consultant Guilherme Esteves de Jesus has been convicted of corruption, money laundering and participation in a criminal organization, in Brazil, the company announced ...
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Singapore stocks: STI resumes Friday afternoon down 0.1% on day

21 Feb 2020 - The Business Times
SINGAPORE stocks resumed trading on Friday afternoon slightly down, with the Straits Times Index declining 0.1 per cent or 2.38 points on the day to 3,196.30 as at 1.02pm. Decliners outnumbered advancers 168 to 140, after about 826.2 million securities worth S$522.7 million changed hands. Among the most ...
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ST Engineering unit secures 30 aircraft engines

21 Feb 2020 - Singapore Business Review
The deal includes about $358m of fixed rate notes offered in three tranches. Total Engine Asset Management (TEAM), the joint venture of ST Engineering’s aerospace arm, has entered into agreements for the sale of 30 aircraft engines using a securitisation structure, an announcement revealed. The aircraft ...
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