Record 287 Covid-19 cases, makes one message clear 'don’t socialise and stay home'

9 Apr 2020 - The Edge Markets
SINGAPORE (Apr 9): Singapore reported 287 cases of Covid-19 on Thursday, making this the city-state’s largest single day spike so far. It is also more than double the 142 cases recorded the previous day, the multi-ministry task force dealing with the coronavirus said in a press conference on Thursday. ...

Australian CRO Avance Clinical Designated an Essential Service as Strong Demand from Sponsors Continues Amid COVID-19 Crisis

9 Apr 2020 - ACN Newswire
Leading Australian CRO Avance Clinical said there was still strong demand from Asian and US sponsors, and commended Australian sites that had risen to the challenge to deliver for Avance Clinical clients during this difficult time.Avance Clinical is a medium-sized full-service CRO known for its nimble ...
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Volatility drives SDAV, ETF value higher on Singapore bourse in March

9 Apr 2020 - The Business Times
TRADING activity in the Singapore Exchange's (SGX) securities and derivatives surged in the month of March, as global markets continued to be roiled by heightened volatility amid the coronavirus pandemic. This volatility drove the Singapore bourse's securities daily average value (SDAV) up by 114 per ...
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STI recovers previous session's losses to close 1.3% higher on Thursday

9 Apr 2020 - The Business Times
Singapore's Straits Times Index (STI) pared Wednesday's losses in what was a rare ho-hum session by recent standards, closing 31.88 points or 1.3 per cent higher to 2,571.32. Of the STI's 30 counters, seven finished in the red. Looking down the road, market sentiment will continue to depend on whether ...
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HDB resale prices up 0.7%in March

9 Apr 2020 - Singapore Business Review
Most room-types' reseal rpices recorded growth. HDB resale prices rose 0.7% YoY in March, despite the 0.3% MoM dip, according to data from SRX. This month's prices are 13.1% lower than the peak in April 2013. Four-room type saw its resale price inch up 1.2% YoY; five-room grew by 1.6% YoY and; executive ...

MAS to delay results of digital banking licenses bid till end of the year

9 Apr 2020 - The Edge Markets
SINGAPORE (Apr 9): The keenly fought for digital banking licenses will only be given by end of the year instead of the middle of the year, said the Monetary Authority of Singapore. “The global escalation of the COVID-19 pandemic since then has prompted the implementation of enhanced safe distancing measures ...

MAS defers digital bank licence review to H2 2020

9 Apr 2020 - Singapore Business Review
It had earlier planned to announce the successful applicants in June. The Monetary Authority of Singapore (MAS) is extending the assessment period for the issuing of digital bank licences to H2 2020, according to a news release. The regulator had earlier planned to announce the successful applicants ...

Singapore shares advance at Thursday's open; STI up 1.3%

9 Apr 2020 - The Business Times
SINGAPORE stocks opened higher on Thursday, tracking a Wall Street rally overnight, amid optimism that novel coronavirus infections in the US could be close to peaking. Singapore's Straits Times Index (STI) gained 1.3 per cent or 32.98 points to 2,572.42 as at 9.01am. Gainers outnumbered losers 119 to ...
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Singapore banks pledge to avoid job cuts

9 Apr 2020 - The Edge Markets
(Apr 9): Singapore’s three large banks have joined some global peers in pledging to avoid staff cuts due to the coronavirus pandemic. “We do not plan to have retrenchment exercise arising from this outbreak,” Oversea-Chinese Banking Corp Chief Executive Officer Samuel Tsien said in a recent memo to employees. ...

Temasek raises $1.1 bil in 2-week selling spree

9 Apr 2020 - The Edge Markets
(Apr 9): Singapore state investment company Temasek Holdings has been selling stakes in companies from its portfolio recently, raising a total of US$779 million ($1.11 billion) in the past two weeks. On Tuesday, Temasek fetched US$186 million through the sale of shares in Thailand’s Intouch Holdings, ...