OCBC Bank, Charge+ ink deal to 'green' local transport sector

15 Feb 2021 - Singapore Business Review
Charge+ will install 10,000 EV charging stations island-wide. The OCBC Bank and electric vehicle (EV) charging solutions provider Charge+ have joined forces to hasten the “greening” of the local transport sector. Encouraged by a memorandum of understanding (MoU) signed by the two parties, Charge+ would ...
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Singtel 3Q FY21 revenue dips by 3%

15 Feb 2021 - Singapore Business Review
But it increased by 9% QoQ. Singtel’s operating revenue fell by 3% YoY in 3Q FY21, according to OCBC. However, revenues increased by 9% QoQ that was driven by higher equipment sales revenue on festive promotions and strong demand for popular premium handsets though it was offset by the national broadband ...
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SATS narrows losses amidst strong cargo demand boost

15 Feb 2021 - Singapore Business Review
The company recorded a 54% YoY revenue fall to $251m. SATS’ revenue for Q3 FY 2021 fell 54% YoY to $251m, whilst its profit after tax and minority interests (PATMI) loss narrowed to $2.8m in the same period due to an uptick in air cargo volumes, government relief, and improved contribution from overseas ...
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Mapletree Logistics Trust secures $200m green loan from OCBC

10 Feb 2021 - Singapore Business Review
The loan is a first for MLT. Logistic space provider Mapletree Logistics Trust has secured a $200m green revolving credit facility from OCBC Bank. The company will use the money to finance the working capital requirements in line with the eligibility criteria of MLT’s newly established Green Loan Framework. ...
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Green practices to help Singapore in post-pandemic environment: OCBC

10 Feb 2021 - Singapore Business Review
OCBC says the 2021 Budget will position Singapore to be more economically resilient. Singapore's Budget 2021 should focus on pushing to ingrain green practices as these will ensure a sustainable recovery in a post-pandemic world, the OCBC noted in its SG 2021 Budget Preview. OCBC explained that green ...
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Strategists expect Asian equity rally in 2021

9 Feb 2021 - The Business Times
THE market rally in Asia in the first five weeks of 2021 is not "overexuberance"; it has fundamental underpinnings, and legs to run further. These were investment strategists' views shared at The Business Times Market Outlook 2021's webinar on Tuesday, which sought to identify key investment themes for ...
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Singapore stocks post modest gains after Wall Street rally, STI up 0.13%

9 Feb 2021 - The Business Times
SINGAPORE shares eked out modest gains on Tuesday as Wall Street indices - propelled by continued positive sentiment on additional stimulus - hit fresh records on Monday. The Straits Times Index (STI), which dipped into negative territory in the afternoon session, recovered to close at 2,935.27, up marginally ...
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Singapore stocks open higher for sixth straight session; STI up 0.8%

9 Feb 2021 - The Business Times
SINGAPORE shares opened higher on Tuesday for the sixth day running after Wall Street hit fresh records on Monday on hopes for additional stimulus. The Straits Times Index (STI) was up 0.8 per cent or 22.55 points at 2,953.95 as at 9.03am. Gainers outnumbered losers 130 to 29, after 139.6 million securities ...
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Singapore stocks track Wall Street gains, STI up 0.84%

8 Feb 2021 - The Business Times
SINGAPORE stocks tracked last Friday's Wall Street gains on expectations for a US stimulus package. The Straits Times Index (STI) got the week off to a positive start, ending Monday at 2,931.40 points, up 0.84 per cent or 24.29 points. Losers outnumbered gainers 248 to 222, after 2.05 billion securities ...
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Singapore shares open higher on Monday; STI up 0.3%

8 Feb 2021 - The Business Times
SINGAPORE stocks opened higher on Monday, following a positive lead from Wall Street last week. The Straits Times Index (STI) added 7.38 points or 0.3 per cent to 2,914.49 as at 9.07am. Gainers outnumbered losers 118 to 50, after 139.5 million securities worth S$68.4 million changed hands. Michael McCarthy, ...
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