See More Articles Posted 24 Apr 2020 - evankoh


28 May 2020

5 hours ago

MAS commences first phase of AI adoption initiative


The consortium is developing a fairness metric for credit scoring and customer marketing. The Monetary Authority of Singapore revealed that the first phase of the Veritas initiative will commence with the development of a fairness metric in credit scoring and customer marketing, the financial regulator ...

Singapore Business Review

6 hours ago

Singapore shares dip at Thursday's open; STI down 0.2%


SINGAPORE stocks opened weaker on Thursday, with the Straits Times Index (STI) down 0.2 per cent or 4.09 points to 2,515.39 as at 9.04am. Gainers outnumbered losers 108 to 38, after 100.7 million securities worth S$135.7 million changed hands. Singtel was one of the most active counters by volume, falling ...

The Business Times

6 hours ago

Reduced MSCI offerings could slam SGX's FY2022 earnings: analyst


Futures movement may move to its rival in Hong Kong. Singapore Exchange has made a dent on its medium-term thesis after it announced that its license agreement for MSCI ex-Singapore products will expire in February 2021, where its impact to the bourse’s earnings may likely spill over to 2022, according ...

Singapore Business Review

6 hours ago

Singtel's profits slid 26% YoY in Q1


This is attributed to Airtel’s charges for regulatory costs. Singapore Telecommunications’ (Singtel) post-tax profits crashed 26% YoY to $574m in Q1 from $773 in 2019, according to an SGX filing. This is attributed to Airtel’s exceptional charges for regulatory costs, including the adjusted gross revenue ...

Singapore Business Review

6 hours ago

MinLaw's proposed bill on rental relief could hurt S-REITs' cash flow


The bill has yet to clarify whether the start date is in March or April. S-REITs may likely see its cash flow deteriorate in the near term as the Ministry of Law’s (MinLaw) upcoming new bill requires landlords to share equally the burden of rental reliefs to qualifying SME tenants, according to an analyst ...

Singapore Business Review

7 hours ago

CapitaLand obtains $500 mil sustainability-linked loan; the largest in Singapore's real estate sector


SINGAPORE (May 28): CapitaLand has obtained a $500 million sustainability-linked loan from United Overseas Bank (UOB). The loan is the largest in Singapore’s real estate sector. The four-year $500 million loan is CapitaLand’s fifth sustainability-linked loan, which is the highest number of such loans ...

The Edge Markets

7 hours ago

Total company dividends to drop 4.5% in 2020


UOB is expected to suspend its special dividend for 2020. Singapore companies are expected to post $20.14b (US$14.2b) in dividends for 2020, a 4.5% YoY fall compared to the $21b (US$14.8b) recorded last year, according to IHS Markit’s 2020 APAC dividends report. This results from the circuit breaker ...

Singapore Business Review

8 hours ago

NUS raises $300m through maiden green bond


It will finance projects under its Green Finance Network. The National University of Singapore (NUS) has raised $300m through its inaugural green bond issuance, becoming the first Asian university to do so. The fund will finance green projects under the university’s new Green Finance Network, which provides ...

Singapore Business Review

8 hours ago

CapitaLand obtains $500m sustainability-linked bilateral loan


This brings the total funds raised to over $2.42b. CapitaLand has obtained a four-year $500m sustainability-linked loan from United Overseas Bank (UOB), according to an announcement. This marks the largest sustainability-linked bilateral loan in Singapore’s real estate sector. The loan is CapitaLand’s ...

Singapore Business Review

9 hours ago

Stocks to watch: Singtel, CapitaLand, UOB, SGX, City Dev, Chip Eng Seng


THE following companies saw new developments that may affect trading of their securities on Thursday: Singapore Telecommunications (Singtel): The telco’s net profit fell 25.7 per cent to S$574.4 million for its fourth quarter ended March 31, 2020. This came as Singtel took a net exceptional charge of ...

The Business Times

12 hours ago

Daily Markets Briefing: STI down 0.43%


SGX saw the sharpest decline amongst top active stocks with a 11.62% contraction. The Straits Times Index ended 10.82 or 0.43% lower at 2,519.48. The top active stocks were SGX, which plunged 11.62%, Singtel, which slid 1.5%, DBS, which stayed flat, UOB, which inched up 0.05%, and OCBC Bank with a 0.23% ...

Singapore Business Review

12 hours ago

Chart of the Day: Far East Hospitality Trust's master leases led by fixed rents


Slow demand poses a risk to hotels receiving mainly fixed rents. This chart from OCBC Investment Research (OIR) shows the proportion of fixed rent to the variable rent component of Ascott Residence Trust (ART), CDL Hospitality Trusts (CDLHT), and Far East Hospitality Trust (FEHT). Amongst these, FEHT ...

Singapore Business Review

27 May 2020

1 day ago

Stable playing field a gain for Singapore banks: report


High credit costs can be covered by profits. Singaporean banks still reap the benefits of operating in an economically-stable environment, as shown by their robust funding profiles and the sound financial system, according to an S&P Global Ratings report. Sector fundamentals will remain healthy despite ...

Singapore Business Review

1 day ago

Stocks to watch: China Sunsine Chemical, DLF Holdings, Sapphire Corp, DBS, OCBC


THE following companies saw new developments that may affect trading of their shares on Wednesday: China Sunsine Chemical Holdings: The speciality rubber chemicals producer on Tuesday said the group is expected to record lower revenue and profit for fiscal 2020 than it did for the preceding financial ...

The Business Times

1 day ago

Singtel's Indian unit divests 2.75% stake for $1.63b


Bharti Group and Singtel will continue to own 56.23% in Bharti Airtel. Singtel’s Indian associate Bharti Airtel have sold 2.75% of its stake to institutional investors for $1.63b (US$1.15b) through an accelerated book building process in the secondary market, an SGX filing revealed. The allocation was ...

Singapore Business Review

1 day ago

Daily Markets Briefing: STI up 1.22%


CityDev led the gains amongst top active stocks with a 3.66% expansion. The Straits Times Index (STI) ended 30.47 or 1.22% higher at 2,530.3. The top active stocks were DBS, which grew 1.36%, UOB, which increased 1.18%, OCBC Bank, which advanced 1.41%, Singtel, which edged up 0.76%, and CityDev with ...

Singapore Business Review

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