Portfolio

Singtel launches sustainability linked loan, worth $750m

23 Apr 2021 - Singapore Business Review
This is the largest SG-dollar denominated sustainability-linked loan in the country. The Singtel Group, through wholly-owned subsidiary Singtel Group Treasury Pte. Ltd. launched its first sustainability-linked revolving credit facility of $750m, the largest Singapore-dollar denominated sustainability-linked ...
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DBS, Contour expand trade finance offerings to four Asia Pacific markets

22 Apr 2021 - Singapore Business Review
DBS was the first Singaporean bank to join Contour's network. DBS has expanded its offerings on Contour’s trade finance network to corporate clients in Singapore, China, Hong Kong and Australia, an announcement read. DBS was the first Singapore-based bank to join Contour’s beta network and completed ...
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KrisEnergy restructuring a bust, as Cambodian oil field "disappoints"

22 Apr 2021 - Singapore Business Review
Keppel Corporation said there is a "material uncertainty" over its associate's ability to continue operating. KrisEnergy's investment in a Cambodian minefield has led to "disappointing production results" according to Keppel Corporation Limited (KCL). In a bourse statement, Keppel said its associate's ...
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Market Update: STI down 1.22% on concerns over COVID-19 cases spike

22 Apr 2021 - Singapore Business Review
The Straits Times Index (STI) extended its losses as it closed down by 39 points or 1.22% at 3,153.17 on Wednesday. This is due to Asian markets’ growing concerns over resurgence of COVID-19 outbreaks, weighing on global investor sentiment. Bottom performers for the day were Keppel with a $5.30 or 2.75% ...
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DBS to become largest shareholder of Shenzen bank

21 Apr 2021 - Singapore Business Review
DBS Bank is set to acquire a 13% stake in Shenzhen Rural Commercial Bank and a seat on its board of directors. DBS Bank, a wholly-owned subsidiary of DBS Group Holdings, has agreed to acquire a 13% stake in Shenzhen Rural Commercial Bank (SZRCB) . In a bourse disclosure, DBS said that its investment ...
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Singtel mulls Gulf Energy takeover of Intouch, AIS

21 Apr 2021 - Singapore Business Review
Thai energy giant Gulf Energy Development is controlled by billionaire Sarath Ratanavadi. Singtel has received offers from Thai-based Gulf Energy Development to takeover its stake in Intouch Holdings (INTUCH) and Advanced Info Service (ADVANC). "Singtel views its stakes in INTUCH and ADVANC as strategic ...
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Market Update: STI down by 0.55%

21 Apr 2021 - Singapore Business Review
The Straits Times Index (STI) closed down by 17.55 points or 0.55% at 3,192.17 on Tuesday. Bottom performers for Tuesday were Singapore Airlines with a $5.08 or 2.87% in loss, Singtel which went lower by 2.69% or $2.53, and SATS which declined 2.12% or $4.16. About 1.61-billion securities worth $1.37b ...
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Better earnings seen ahead of Singapore banks' results: report

21 Apr 2021 - Singapore Business Review
UOB "may surprise" with better net interest margins and lower credit costs, one analyst has said. Signs of improved earnings momentum from better net interest margins (NIM), loan growth, wealth and trading income should be expected ahead of Singapore banks’ trading updates, a Maybank Kim Eng report noted. ...
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Market Update: STI inches up 0.22%

16 Apr 2021 - Singapore Business Review
The Straits Times Index (STI) closed on Thursday up by 7.13 points or 0.22% at 3,186.52. Top performers for the day were SembCorp Industries, with $1.97 or 3.14% in gains, ComfortDelGro which increased by 1.14% or $1.78, and DBS Group which went higher by 0.84% or $28.93. About 1.56-billion securities ...
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Market Update: STI ends week up by 0.52%

16 Apr 2021 - Singapore Business Review
The Straits Times Index (STI) closed the week up by 16.99 points or 0.53% at 3,201.76. Top performers for Friday were Singtel with $2.55 or 4.94% in gains, and Singapore Airlines which increased by 1.12% or $5.40. These were followed by Jardine Matheson, which went higher by 0.98% or $65, on the back ...
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