Olam unit secures samurai loan facility of $324.08m

9 Jul 2020 - Singapore Business Review
Olam Treasury aims to refinance existing loans and general corporate purposes. Olam Treasury, a wholly owned subsidiary of agribusiness Olam International, has secured a medium-term samurai loan facility of $324.08m (JPY25b), according to an announcement. Olam’s managing director and group CFO N Muthukumar ...
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Interactive Brokers opens Singapore office, offers access to local stocks

9 Jul 2020 - The Business Times
Singapore NASDAQ-LISTED Interactive Brokers Group has strengthened its presence in Singapore and broadened its offering to local investors, including access to Singapore-listed stocks. It has established a local entity, Interactive Brokers Singapore, and opened an office in the... To continue reading ...
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STI posts modest gains of 0.3%

8 Jul 2020 - The Business Times
SINGAPORE shares eked out modest gains on Wednesday against a mixed showing by regional peers, with the key Straits Times Index inching up 8.07 points or 0.3 per cent to finish at 2,669.49. Key gauges in China, Hong Kong, Taiwan and Malaysia rose, while those in Japan, South Korea and Australia finished ...
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Interactive Brokers sets eyes on Singapore

8 Jul 2020 - Singapore Business Review
The global brokerage firm can now offer Singapore stocks to investors. Global brokerage firm Interactive Brokers Group announced the addition of a Singapore entity, Interactive Brokers Singapore, and the opening of an office located in the Marina Bay Financial District. With its expansion, Interactive ...
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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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CBD Grade A office rents moderate 1.2% in Q2

7 Jul 2020 - Singapore Business Review
Further rental declines expected over the next two quarters. Average grade A office rents in the Central Business District (CBD) moderated 1.2% QoQ in Q2 to $10 per sqft, whilst grade B rents slid 1.8% QoQ on a like for like basis, according to Colliers International. Colliers International Head of Research ...
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CBD Grade A office rents moderate 1.2% to $10 psf in Q2

7 Jul 2020 - Singapore Business Review
Further rental declines expected over the next two quarters. Average grade A office rents in the Central Business District (CBD) moderated 1.2% QoQ in Q2 to $10 per sqft, whilst grade B rents slid 1.8% QoQ on a like for like basis, according to Colliers International. Colliers International Head of Research ...
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GovTech, Tableau renew partnership to deepen public officers' data skills

7 Jul 2020 - Singapore Business Review
This is said to empower more public officers to understand and make use of data. Analytics platform Tableau Software has renewed its agreement with the Government Technology Agency of Singapore (GovTech) to train and deepen public officers’ capabilities in data analytics and visualisation, according ...
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SIA and Tata Sons' JV mulls delaying delivery of some aircraft

7 Jul 2020 - Singapore Business Review
It plans to take 37 Airbus planes from leasing companies. Indian airline Vistara is in talks with planemakers and leasing companies to delay taking delivery of some aircraft, the carrier’s chief strategy officer said on 6 July, as COVID-19 hits demand for air travel. Vistara, owned by India’s Tata Sons ...
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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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