Econ Healthcare aims Catalist relisting

26 Mar 2021 - Singapore Business Review
It has lodged its preliminary prospectus for a listing. Private nursing home operator Econ Healthcare is seeking to relist on the Catalist board of the Singapore Exchange after recently lodging its preliminary prospectus and sharing its expansion plans. The company was first listed in 2002 and delisted ...
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What the new normal means for banks

26 Mar 2021 - Singapore Business Review
More than 45% of bank executives are unsure how to embrace new-age banking. The pandemic has ushered in a new era of value-based customer-centric banking, referred to as Banking 4.X, which retail banks now have to navigate to succeed. The World Retail Banking Report 2021 raised the need for banks to ...
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Global markets on track for growth, corporate earnings to normalize: DBS CIO

25 Mar 2021 - Singapore Business Review
Do not bank on bond yields, but instead adapt “Buy-Write Strategy”, Hou advises. The global equity market is “back on track” for growth, and corporate earnings are sighted to normalize, says DBS chief investment officer (CIO) Hou Wey Fook. In his Q2 2021 outlook, the bank's CIO shared his view that the ...
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Parkway Life REIT gets 0.51% pricing for $41.3m debt

23 Mar 2021 - Singapore Business Review
It will be used to repurchase notes due 2022 without penalty. Parkway Life REIT has termed out its maturing debts with the pricing of $41.3m (¥3.3b) at 0.51% for six-year senior unsecured fixed rate notes. The notes are due in 2027 and under Parkway Life REIT's $500m multicurrency debt issuance programme. ...
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STI gains 9.2% in March

17 Mar 2021 - Singapore Business Review
The Straits Times Index continues to recover. The Straits Times Index (STI) gained 9.2% as of 15 March, according to latest data from the Singapore Exchange. The index, which tracks the top 30 companies traded in the exchange, falls within 20% of the record high of May 2018, and would have to decline ...
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Gold Ridge bags $900m green loan from DBS, OCBC and UOB

16 Mar 2021 - Singapore Business Review
This is the company’s first foray into sustainable financing. NEX operator Gold Ridge Pte. Ltd. has acquired a $900m green loan from DBS, OCBC Bank, and UOB for the retail mall, marking the firm’s first venture into sustainable financing. The asset manager of NEX PGIM Real Estate as well as shareholders ...
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DBS CEO Piyush Gupta's pay down 24% to $9.18m in 2020

10 Mar 2021 - Singapore Business Review
His cash bonus dropped 27% amidst cutbacks in the bank. DBS CEO Piyush Gupta’s total pay dropped 24% YoY to $9.18m in 2020, the bank’s latest annual report showed, mainly driven by a reduction in Gupta’s bonus. Gupta’s cash bonus for the year dropped to $3.41m, which is 27% or $2.9m lower than in 2019. ...
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Market Update: STI closes above 3,000-point level despite losses

8 Mar 2021 - Singapore Business Review
The Straits Times Index ended Friday's trading with a slight downturn of about 0.93 points or 0.03% closing at 3,013.85. For the week, STI closed higher by 2.1%. About 2.44-billion securities worth S$1.61-billion changed hands with more advancers than decliners (255 to 211), despite the main index ending ...
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Medtecs International to sustain high profit margin: DBS

5 Mar 2021 - Singapore Business Review
This is despite the expected drop in demand for PPEs. Medtecs International Corporation will continue to have soaring profits despite vaccine rollouts bringing down the demand for personal protective equipment (PPE) and average sale prices (ASP) decline, according to DBS Group Research. DBS Group Research ...
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Sembcorp Marine clinches $500m sustainability-linked loan from DBS

4 Mar 2021 - Singapore Business Review
This is reportedly the first SORA-based, sustainability-linked loan in Singapore's maritime industry. Sembcorp Marine, through its wholly owned subsidiary Sembcorp Marine Financial Services, has secured a $500m sustainability-linked financing facility referencing the Singapore Overnight Rate Average ...
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