Budget carriers Scoot, Tigerair to be managed by single holding company

18 May 2016 - Channel NewsAsia
SINGAPORE: National carrier Singapore Airlines (SIA) has set up a holding company to own and manage two of its budget airlines Scoot and Tiger Airways, it announced on Wednesday (May 18). Budget Aviation Holdings will be helmed by Mr Lee Lik Hsin, who has led Tigerair since May 2014. Scoot CEO Campbell ...
sgx:c6l sgx:j7x

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Daily Briefing: Local start-ups nab $40m boost; Indonesia models sovereign investment firm after Temasek

18 May 2016 - Singapore Business Review
And upper-floor factory unit sales hit 10-year low. Singapore's start-up scene received a boost on Thursday, after the government said it will provide funds to four large local enterprises to match their investments in fledgling local companies. Read more here. Indonesia is turning to Singapore’s Temasek ...

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Daily Markets Briefing: STI up 1.7%

18 May 2016 - Singapore Business Review
Expect some profit-taking today. According to OCBC, the STI’s rally of 1.7% yesterday was stronger-than-expected, especially in light of the 7.9% fall in NODX in Apr; and with Wall Street turning lower overnight, we could see profit-taking emerging once again. Here's more from OCBC: Failure to clear ...
sgx:^sti

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SPRING Singapore partners incubators, investors to support tech startups

17 May 2016 - DealStreetAsia
Singapore trade support agency SPRING will be collaborating with seven incubation and investment companies to support emerging technology startups, co-investing with them on a 1:1 basis from a S$75-million ($55 million) fund. The initiative was announced by Singapore’s minister for Trade and Industry, ...

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Manulife debuts in Asian debt markets, to raise $365m

17 May 2016 - DealStreetAsia
Manulife Financial Corp, the largest life insurer in Canada, has made a debut in the Asia debt market to raise over $365 million as it seeks to diversify and broaden its funding sources. Foraying into the Singapore market, the financial services group issued over $365 million (S$500 million) of subordinated ...

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OCBC first bank in Southeast Asia to launch API platform

17 May 2016 - Singapore Business Review
It is currently offering four APIs. OCBC has announced the launch of its open Application Programming Interface (API) platform, making it the first bank in Southeast Asia to do so. OCBC is accordingly rolling out its own developer portal, Connect2OCBC. APIs are tools and protocols used to create software ...
sgx:o39

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Manulife US REIT to start trading on May 20

17 May 2016 - Singapore Business Review
It will be Singapore's 30th REIT. Manulife US REIT has defied the odds and is scheduled to start trading on the Mainboard on May 20, almost a year after shelving its first attempt at a Singapore IPO. The REIT will be the 30th real estate investment trust listed on the SGX. It will invest, directly or ...
sgx:btou

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How Does Golden Agri-Resources Ltd Stack Up Against United Plantations Berhad

17 May 2016 - The Motley Fool Singapore
United Plantations Berhad (KLSE :2089.KL) might be one of the most efficient palm oil companies listed on Bursa Malaysia, Malaysia’s stock exchange. The oil palm plantation owner has generated a respectable return on equity ranging from 11% to 23% since 2003. And, it has achieved that level of return ...
sgx:e5h sgx:2089.kl

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Singapore retail REITs to further flounder in 2016, say analysts

17 May 2016 - Singapore Business Review
Office REITs are a safer bet. Investors would do well to take shelter in office REITs in the near-term, as a flurry of headwinds are expected to batter the local retail REIT scene. According to a report by CIMB, going into the next few quarters, office REITs are likely to enjoy positive rental reversions ...

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Singapore: BSI to probe bank employees on 1MDB related dealings

17 May 2016 - DealStreetAsia
BSI SA, the Swiss bank embroiled in global probes into 1Malaysia Development Bhd., is investigating employees and their dealings related to the embattled Malaysian state investment fund, according to people familiar with the matter. One of the employees the private bank is investigating in Singapore ...

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