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A*Star's enterprise office inks US$90m deal for healthcare deep-tech startups

25 Apr 2019 - Singapore Business Review
Nasdaq-listed Aptorum Group and A*ccelerate seeks to develop up to 20 deeptech ventures up over the next five years. Nasdaq-listed Aptorum Group, Aeneas Capital, and A*ccelerate Technologies, the enterprise office of A*STAR, have signed a US$90m agreement to co-create local deep tech startups in the ...

Activist hedge fund urges Singapore REIT merger to boost value

25 Apr 2019 - The Star Online
INGAPORE: Two Singapore REITs are being urged to join the wave of consolidation starting to sweep the industry. Ascendas Hospitality Trust and Ascott Residence Trust should join forces to boost shareholder value and avoid potential conflicts following a separate deal in January that will see CapitaLand ...
sgx:q1p sgx:a68u

Singapore to dominate forex with sub-second speeds

25 Apr 2019 - Singapore Business Review
UBS and Citi have already set up pricing engines in the city. Bloomberg reports that Singapore is aiming for a bigger slice of the world’s US$5.1t-a-day foreign exchange market as it encourages major foreign-exchange players to set up speedier systems that would remove the sub-second delay caused by ...

Golden Equator clinches $24.6m from APACMEA investors

25 Apr 2019 - Singapore Business Review
The proceeds will enable the group to expand its network in APAC and the Middle East. Singapore’s homegrown group of companies, covering financial services, consultancy, and technology and innovation community, Golden Equator has received a $24.6m strategic investment from investors based in the Asia ...

ARA lodges IPO prospectus to become first listed US hospitality trust

25 Apr 2019 - Singapore Business Review
Its initial portfolio comprises 38 hotels in the US worth $980.41m. ARA US Hospitality Trust has lodged a prospectus for its initial public offering (IPO). According to the timeline it has set, the trust will open the public offer on 2 May 2019 and close it on 7 May. Trading will start on 9 May. The ...

Blue chips inch higher on Genting, Petronas Dagangan’s gains

25 Apr 2019 - The Star Online
KUALA LUMPUR: Genting Bhd and Petronas Dagangan helped the FBM KLCI eke out marginal gains early Thursday as investors looked towards institutional players to take the lead. Bumi Armada slipped after the strong gains the previous day while Ekovest and Iskandar Waterfront City managed to regain their ...
sgx:g13 klse:5210 klse:5681 klse:3182

Singapore's forex dominance banks on sub-second speeds

25 Apr 2019 - Singapore Business Review
UBS and Citi have already set up pricing engines in the city. Bloomberg reports that Singapore is aiming for a bigger slice of the world’s US$5.1t-a-day foreign exchange market as it encourages major foreign-exchange players to set up speedier systems that would remove the sub-second delay caused by ...

Daily Briefing: Singapore unveils plans to build 50-hectare train testing centre; AI sales assistant firm startup Saleswhale raises US$5.3m.

25 Apr 2019 - Singapore Business Review
And new-gen integrated development Funan obtained its TOP. From ChannelNewsAsia: A new integrated train testing centre (ITTC) will soon be built at the former Raffles Country Club site to test rail systems around the clock without disrupting passenger services on the main lines. Taking up a space of ...

CPT Drives and Power (SET: CPT) secures licensed partnership with Siemens

24 Apr 2019 - ACN Newswire
CPT Drives and Power PCL (SET: CPT), a provider of industrial power and control systems, has become a licensed partner of Siemens, the leading global engineering firm, for the production of power distribution panels and sales of SIEMENS accessories - which will enable CPT to tap demand across various ...

KLCI closes on strong note on IHH, CIMB and MISC gains

24 Apr 2019 - The Star Online
KUALA LUMPUR: Blue chips extended their gains on Wednesday on some fund buying of IHH Healthcare, CIMB and MISC amid a firmer broader market. At 5pm, the FBM KLCI was up 10.57 points or 0.65% to 1,638.01. Turnover was high at 4.38 billion shares valued at RM2.84bil. Advancers beat deciners 598 to 328 ...
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