Franklin Templeton to vote in favour of ARA's privatisation bid

5 Dec 2016 - Business Times Breaking News
FRANKLIN Templeton Institutional, which owns about 10 per cent of ARA Asset Management, will vote in favour of the S$1.78 billion privatisation, ARA said on Monday. ARA in November announced a privatisation bid by a consortium led by its group founder and chief executive officer, John Lim. The consortium, ...
sgx:d1r

---

Stocks to watch: ARA, Keppel Infrastructure Trust, Swee Hong

5 Dec 2016 - Business Times Breaking News
THE following stocks may in focus on Monday: ARA Asset Management: Franklin Templeton Institutional, which owns about 10 per cent of ARA, will vote in favour of the S$1.78 billion privatisation, ARA said on Monday.
sgx:d1r sgx:qf6 sgx:a7ru

---

SGX: Revised Minimum Trading Price Rule Receives Strong Support, Will Start 1 June 2017.

5 Dec 2016 - ShareInvestor Express
Singapore Exchange has received positive feedback to its proposal to add a market capitalisation test to the Minimum Trading Price requirement for Mainboard...
sgx:s68

---

KrisEnergy: Earlybird Consents.

5 Dec 2016 - ShareInvestor Express
Based on the Voting Instructions received as of the New Earlybird Consent Expiration Date, it is expected that the quorum required for the relevant Meetings will be met and that both Extraordinary Resolutions will be passed at the Meetings...
sgx:sk3

---

Daily Briefing: Singapore fines 2 banks for 1MDB-linked lapses; What you need to know about Singapore private banking sector

5 Dec 2016 - Singapore Business Review
And here's the difference between a leasehold and freehold property in Singapore. Singapore regulators said on Friday they will fine two British Banks a total of over $5.3m for having breached the money laundering rules in dealings with an indebted Malaysian state fund. Standard Chartered Bank was slapped ...

---

Chart of the Day: Check out rising NPL ratios of Singapore banks

5 Dec 2016 - Singapore Business Review
DBS' saw the biggest NPL increase at 19% QoQ. Singapore banks has been enduring asset quality deterioration with the weakness coming from the Oil & Gas sector. According to Goldman Sachs, DBS’ NPL increased the most at 19% qoq, mainly from one large O&G company and another steel-related Indian company, ...
sgx:o39 sgx:u11 sgx:d05

---

Office sector could get respite from supply pressure by 2018

5 Dec 2016 - Singapore Business Review
Thanks to around 808,000 sqft of space to be completed through 2020. The office market remained subdued as office rents in the CBD continued to trend downwards as office rents are under pressure due to significant new supply in the CBD of 1.7m sq ft in 2016 and 2.2m sq ft in 2017. Moving forward, Edmund ...

---

LTA enhances inspection of illegal taxi services

5 Dec 2016 - Singapore Business Review
A driver was slapped with $15,000 fine. To safeguard passenger safety and interest, the Land Transport Authority (LTA), is stepping up enforcement against unlicensed private cars and private hire cars found plying illegally for fares. More frequent checks will be conducted at high traffic areas, and ...

---

HSBC enables Apple Pay for Singapore cardholders

5 Dec 2016 - Singapore Business Review
Customers can enjoy $5 off every transaction as a kick off promo. HSBC Singapore is treating its HSBC Visa and MasterCard credit cardholders with Apple Pay. Customers using iPhone SE, iPhone 6 to higher versions, and Apple Watch can use Apple Pay in stores with Visa payWave or MasterCard contactless ...
sgx:pu6d

---

Sembcorp Marine to suffer declining orders

5 Dec 2016 - Singapore Business Review
Orderbook already declined by $800m as of September. SembCorp Marine will remain on rough seas as rig orders is bound to decline, DBS Group Research said. The firm noted that the group's orderbook has already declined by $800m to $8.4b as at the end of September 2016. "It is set to decline further as ...
sgx:s51

---