Posted 16 Nov 2020 - evankoh

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1 Dec 2020

1 hour ago

OCBC adopts Equator Principles


This strengthens its environment and social (E&S) risk management disclosure. OCBC has adopted the Equator Principles, an international risk management framework adopted by financial institutions worldwide, as a guide on how the bank will determine, assess, and manage environment and social (E&S) risk ...

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6 hours ago

Singapore shares open lower on Tuesday; STI down 0.1%


SINGAPORE shares opened lower on Tuesday after US markets ended in the red overnight. The Straits Times Index (STI) lost 3.51 points or 0.1 per cent to 2,802.44 as at 9.05am. Gainers outnumbered losers 95 to 56, after 125.8 million securities worth S$135.7 million changed hands. Yangzijiang Shipbuilding ...

The Business Timessgx:u96sgx:bs6sgx:o39sgx:u11sgx:so7sgx:d05sgx:t39sgx:s51

7 hours ago

MAS orders removal of EH-REIT manager


The order follows a notice of intention issued on 26 October. The Monetary Authority of Singapore (MAS) has instructed DBS Trustee to remove Eagle Hospitality REIT Management as the manager of Eagle Hospitality Real Estate Investment Trust (EH-REIT), and to name a new manager “as soon as possible.” The ...

Singapore Business Reviewsgx:d05

7 hours ago

CapitaLand divests properties amidst portfolio reconstruction


The total value of these divestments are at $448.7m. CapitaLand has divested three retail malls in Japan and an office building in Korea for a total of $448.7m as part of its ongoing portfolio reconstitution strategy. La Park Mizue and Vivit Minami-Funabashi in Greater Tokyo, as well as CO-OP Kobe Nishinomiya ...

Singapore Business Reviewsgx:c31

9 hours ago

Stocks to watch: CapitaLand, Keppel, Top Glove, Yangzijiang, Singapore Paincare


THE following companies saw new developments that may affect trading of their securities on Tuesday: CapitaLand: The property giant said on Tuesday morning that it has divested three malls in Japan and an office building in Korea for a total of S$448.7 million. It also announced its first foray into ...

The Business Timessgx:j91usgx:c31sgx:bn4sgx:k6ssgx:m1gusgx:bs6sgx:s68sgx:so7sgx:i11sgx:t39

10 hours ago

Daily Markets Briefing: STI marks highest monthly gain, despite losses on Monday


The Straits Times Index shed 49.87 points or about 1.75%, to finish trading at 2,805.95 on Monday. Despite its slump at the start of the trading week, STI recorded its highest monthly gain since 2009, thanks largely to the optimism of investors that COVID-19 vaccines will be rolled out soon. Top stock ...

Singapore Business Reviewsgx:h78sgx:c07sgx:es3

30 Nov 2020

1 day ago

STI ends the day down 1.75%, but chalks strongest monthly price gain since 2009


THE benchmark Straits Times Index (STI) ended Monday down 1.75 per cent or 49.87 to close at 2,805.95. Nonetheless, the STI generated its strongest monthly price gain for November since its 21.3 per cent gain in May 2009, said Singapore Exchange market strategist Geoff Howie. Mapletree Logistics Trust ...

The Business Timessgx:d05sgx:c07sgx:t39sgx:o39sgx:s68sgx:u11sgx:m44u

1 day ago

Broker's take: Look for recovery and resilience plays in S-Reits, says OCBC


YIELD-HUNGRY investors can look to a "recovery basket" and a "resilient basket" when investing in Singapore-listed real estate investment trusts (S-Reits), OCBC Investment Research said in a note on Monday. This comes as the research team continues to remain "overweight" on S-Reits amid a lower-for-longer ...

The Business Timessgx:hmnsgx:j69usgx:bn4sgx:me8usgx:c31sgx:buousgx:bwqusgx:t39sgx:ajbusgx:tq5

1 day ago

Singapore stocks open higher on Monday; STI up 0.1%


SINGAPORE shares opened slightly higher at the opening bell on Monday, after US markets closed in positive territory on Friday. The Straits Times Index (STI) gained 2.80 points or 0.1 per cent to 2,858.62 as at 9.05am. Gainers outnumbered losers 99 to 48, after 151.8 million securities worth S$301.1 ...

The Business Timessgx:o39sgx:u11sgx:u96sgx:s51sgx:t39sgx:d05sgx:g13sgx:z74

1 day ago

UOB expands its presence in Vietnam


UOB is stepping up its efforts to help companies seize opportunities in the region’s fastest-growing economy, Vietnam. After securing more than S$3 billion of foreign direct investment (FDI) into the country, it has now signed The Bank and Vietnam’s Foreign Investment Agency (FIA) today signed an expanded ...

Singapore Business Reviewsgx:u11

1 day ago

Stocks to watch: UOB, Sabana Reit, ESR-Reit, Yoma Strategic, BRC Asia


THE following companies saw new developments that may affect trading of their securities on Monday: UOB: The bank has secured more than S$3 billion of foreign direct investment into Vietnam in alliance with Vietnam's Foreign Investment Agency (FIA) and is facilitating an additional pipeline of more than ...

The Business Timessgx:1g6sgx:becsgx:z59sgx:c09sgx:s68sgx:u11sgx:41osgx:c70sgx:t39sgx:8yy

1 day ago

Daily Markets Briefing: STI ends trading week in the red


The Straits Times Index extended its losses for three successive days at the end of last week, finishing Friday's trading 1.66 points, or 0.06%, at 2,855.82. This came amid jitters on the effectiveness of AstraZeneca’s coronavirus vaccine. However, the STI still managed to maintain its winning streak ...

Singapore Business Reviewsgx:es3sgx:m44usgx:z74

27 Nov 2020

3 days ago

Singapore stocks end week in the red; STI down 0.1%


SINGAPORE shares ended the week in negative territory, marking the third consecutive day of declines. The local stock market saw a directionless trading session, as the US market's closure due to Thanksgiving gave investors little in terms of news and updates. The benchmark Straits Times Index fell 0.1 ...

The Business Timessgx:t39sgx:d05sgx:bs6sgx:d01sgx:o39sgx:u11sgx:u96sgx:so7sgx:j37sgx:j36

4 days ago

STI Investing reaches $2b milestone


The Index saw increased long-term passive investor participation through its two ETFs. STI Investing has reached the $2b milestone, according to a Singapore Exchange (SGX) update on 26 November. “Within the STI, the five stocks DBS, UOB, OCBC, SATS and Ascendas REIT have seen the highest net institutional ...

Singapore Business Reviewsgx:a17usgx:g3bsgx:s58sgx:d05sgx:es3sgx:o39sgx:s68sgx:u11

4 days ago

Singapore stocks slip at Friday's open; STI falls 0.3%


SINGAPORE shares struggled to advance at Friday's open, with a public holiday in the US overnight meaning no fresh leads for investors to follow. The benchmark Straits Times Index (STI) retreated 7.21 points or 0.3 per cent to 2,850.27 as at 9am. This comes as local stocks took a hit on Thursday, with ...

The Business Timessgx:8yysgx:t39sgx:d05sgx:o39sgx:s68sgx:u11sgx:y92sgx:m44u

4 days ago

MAS, IBF roll out measures to boost jobs in finance


The regulator will cover up to $1,000 of stipend under their internship programme. The Monetary Authority of Singapore (MAS) and the Institute of Banking & Finance (IBF) has announced a new series of measures for the development of Singaporean workers in the financial sector. Along with these, MAS and ...

Singapore Business Reviewsgx:d05sgx:k6s

4 days ago

Keppel O&M clinches $100m contract for FPSO project


The vessel is scheduled for delivery in Q4 2022. Keppel Offshore & Marine, through its wholly owned subsidiary Keppel Shipyard, has secured a $100m contract from a repeat customer for the fabrication and integration work on a floating production, storage and offloading (FPSO) vessel. The vessel is scheduled ...

Singapore Business Reviewsgx:bn4

4 days ago

DBS disburses record $9m in SE loans, grants


It's the bank's largest disbursement of SE loans, grants within a year. DBS Bank has disbursed a record $9m in loans and grants for social enterprises (SEs) in 2020. The bank’s foundation arm DBS Foundation has awarded $1.4m in grant funding to 13 SEs from Singapore, China, Hong Kong, India, Indonesia, ...

Singapore Business Reviewsgx:d05

4 days ago

Nine in 10 households ‘satisfied' with power retailers


Almost half of 1.4m households switched to buying electricity from retailers. At least nine in 10 household accounts are satisfied with services provided by power retailers, with 97% stating that they are satisfied before they signed up or renewed their contracts and 91% being satisfied after, according ...

Singapore Business Reviewsgx:bn4

4 days ago

Stocks to watch: Keppel, Far East Orchard, Jumbo, Biolidics, SPH


THE following companies saw new developments that may affect trading of their securities on Friday: Keppel Corp: A subsidiary of Keppel Offshore & Marine has won a S$100 million contract from a repeat customer for fabrication and integration work on a floating production storage and offloading vessel, ...

The Business Timessgx:8yysgx:bn4sgx:t39sgx:5vjsgx:42rsgx:s68sgx:5tjsgx:o10sgx:1d0sgx:5rj

4 days ago

STI extends losses, dragged by industrial sector


The Straits Times Index ended Thursday trade down, losing 12.07 points or 0.42% to the day at 2,857.48. This came on the back of industrial production data, which showed that the sector plunged unexpectedly in October. Production fell by 0.9% year on year, with electronics manufacture particularly affected. ...

Singapore Business Reviewsgx:z74sgx:c6lsgx:u14

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