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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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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DBS targets zero thermal exposure by 2039

16 Apr 2021 - Singapore Business Review
DBS will cease onboarding new clients who derive more than 25% of their revenue from thermal coal. DBS has committed to zero thermal exposure by 2039, reportedly making it the first Singapore bank to commit to doing so. To achieve this goal, DBS plans to cease onboarding new customers who derive more ...
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Eagle Hospitality REIT drops the Crowne for $24.1 m

13 Apr 2021 - Singapore Business Review
Eagle Hospitality REIT called the Texas property a "drain on a limited pool of funds". Eagle Hospitality Real Estate Investment Trust, through its trustee DBS Trustee Limited, has announced the sale of one of its US hotels. For a tune of approximately $24.1 m (US$18 m), the Texas-based Crowne Plaza Dallas ...
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HDB resale volume soared by 25.6% in March

9 Apr 2021 - Singapore Business Review
Resale prices have continued their ninth straight month of increases. HBD resale volumes in March saw a massive increase. According to the latest SRX report, a total of 2,448 HDB transactions were recorded over the full month, 25.6% more than during the same period last year. HBD 4-room flats factored ...
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Wilmar leads first quarter buyback tally

8 Apr 2021 - Singapore Business Review
The agribusiness giant bought back more than 8 million shares on the Singapore Exchange. A total of 37 primary-listed firms in the Singapore Exchange (SGX) conducted buybacks over the first quarter of 2021. Wilmar International led the tally when it bought back 8,141,700 shares in the quarter, with an ...
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DBS to finance Indonesia's first high pressure acid leach smelter

5 Apr 2021 - Singapore Business Review
The smelter will manufacture key components for the ongoing production of electric vehicles. Along with eight other banks, DBS has launched a US$625m project financing structure for PT Halmahera Persada Lygend (PT HPAL). PT HPAL is set to be Indonesia's first high pressure acid leach (HPAL) smelter, ...
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MarketingPulse Online opens today

30 Mar 2021 - ACN Newswire
MarketingPulse Online, a two-day virtual conference organised by the Hong Kong Trade Development Council (HKTDC), opened today, bringing together more than 40 marketing and advertising experts from around the globe to share their creative strategies. They will also examine the latest marketing trends ...
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