13 hours ago
CDL, IOI's South Beach complex snags S$1.22b green loan
Fiona Lam - A GROUP of lenders - DBS, UOB, Maybank, SMBC and OCBC - has provided South Beach Consortium (SBC) with a five-year green loan totalling S$1.22 billion.
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
13 hours ago
Temasek-backed Pine Labs acquires Fave for US$45 mil in cash and stock
Bloomberg - Pine Labs, the Indian merchant commerce platform backed by PayPal Holdings, Temasek Holdings and Sequoia India, has acquired Southeast Asian loyalty and cashback platform Fave to expand its consumer business. The deal is valued at more than US$45 million ($60.36 million) in cash and stock. Foll ...
14 hours ago
KGI sees AusGroup 'turning around', though group isn't 'fully out of the woods yet'
Felicia Tan - Prospects in AusGroup, an Australian-based integrated solutions provider, may finally be “turning around”, even if it isn’t “fully out of the woods yet”, says KGI Research analyst Joel Ng in an unrated report on April 13. The group saw a “challenging” FY2020 ended June as it posted a f ...
14 hours ago
FHT could reap benefits if managers repay 4.45% perps with debt: DBS report
S. Priyashini - THE decision by Frasers Hospitality Trust (FHT) to redeem all outstanding securities of its S$100 million, 4.45 per cent perpetual securities may lead to a potential uptick in distributions if the managers repay the perps with debt, DBS Group Research said.
14 hours ago
Taxi driver jailed for molesting 13-year-old male passenger
gordon.feeney -
14 hours ago
Singapore's Pine Labs acquires e-commerce platform Fave in US$45 million deal
Ong Sing Yee - KUALA LUMPUR: Singapore-incorporated merchant commerce platform Pine Labs has acquired e-commerce and fintech firm Fave in a cash and equity deal valued at more than US$45 million, for joint global expansion, the companies said on Tuesday (Apr 13). In a joint statement, the companies said Fave's ...
14 hours ago
Police warn of scam targeting delivery personnel via PayLah! accounts
michelle.lee -
14 hours ago
More than 18,200 people visited Singapore through unilateral border openings; 70% from China
asyrafkamil -
15 hours ago
Mover who fell to death at Robertson Quay condo was 23-year-old Singaporean; firm ordered to stop work: MOM
gordon.feeney -
15 hours ago
Plantation sector to face downside CPO price risk in 2Q21; Wilmar among top picks: RHB
Atiqah Mokhtar - RHB Group Research analysts Hoe Lee Leng and Christopher Andre Benas are maintaining their ‘neutral’ rating for the plantation sector as they believe crude palm oil (CPO) prices may potentially decline following improving CPO output in the future. “We believe prices have already peaked at ...
15 hours ago
Brokers' take: Jefferies upgrades SGX to a 'buy' with S$11.30 target price
Ong Sing Yee - JEFFERIES has upgraded Singapore Exchange (SGX) to "buy" from "hold" previously, with a higher target price of S$11.30 from its previous S$10.50.
16 hours ago
Condo resale volumes in Singapore hit 10-year high; prices up 0.1% in March: SRX
Lisa Kriwangko - MONTHLY condo resale volumes hit a 10-year high, with 1,662 units resold in March. This is more than double the number in the same period last year, and is 73 per cent higher than the five-year average volumes for the month of March.
16 hours ago
Two months following its RTO and Livingstone has big plans
Samantha Chiew - Livingstone has successfully completed its strategic review under the leadership of CEO Wilson Tay and the senior management. This review follows the completion of its reverse takeover (RTO) of previously Citicode; commencement of trading of its shares on SGX’s Catalist Board; and the change of fi ...
16 hours ago
Allied Tech readies repsonse on embattled executive's arrest
Staff Reporter - Uploaded By: Paul Howell Submitted By: Staff Reporter Case Study: No Allied Technologies executive director Kenneth Low was arrested last week. Catalist-listed Allied Technologies is under intense scruitiny this week, after the company's executive director Kenneth Low Si Ren w ...
17 hours ago
Hot stock: Oceanus up 5% following application to exit SGX watch-list
S Priyashini - SHARES of mainboard-listed Oceanus Group saw brisk trading on Tuesday, making it the third-most active counter by volume on the Singapore Exchange (SGX).
17 hours ago
14 new Covid-19 infections in Singapore, all imported
michelle.lee -
18 hours ago
Singapore, Malaysia to discuss border reopening during Muhyiddin's May 4 visit
Ong Sing Yee - MALAYSIAN Prime Minister Muhyiddin Yassin will be visiting Singapore on May 4 to meet Prime Minister Lee Hsien Loong. Both leaders are expected to discuss the reopening of the border, among other things, Malaysian newspaper The Star reported.
18 hours ago
Temasek, BlackRock commit US$600 mil for partnership targeting decarbonization investments
Atiqah Mokhtar - Temasek and BlackRock have jointly established Decarbonization Partners, a partnership that will invest in companies focused on carbon-cutting solutions, according to state news agency Bernama. Decarbonization Partners will launch a series of venture capital and private equity funds that will focus ...
18 hours ago
China exports rise at robust pace in March, imports growth highest in 4 years
Vivienne Tay - BEIJING: China's exports grew at a robust pace in March in yet another boost to the nation's economic recovery as global demand picks up amid progress in worldwide COVID-19 vaccination, while import growth surged to the highest in four years. The data reinforces signs of gathering momentum for the . ...
18 hours ago
StanChart offers new tool to project impact of job loss, property buys on household finances
Natalie Choy - STANDARD Chartered (StanChart) has tied up with Singapore-based fintech BetterTradeOff to launch a free online financial planning tool.
18 hours ago
Yellen won’t name China as 'currency manipulator' in foreign-exchange report
Bloomberg - Treasury Secretary Janet Yellen will decline to name China as a currency manipulator in her first semiannual foreign-exchange report, according to people familiar with the matter, a move that allows the US to sidestep a fresh clash with Beijing. The report, which is not yet finalised, is due on Thur ...
18 hours ago
LHN Limited subsidiaries buy $16m Beach Road property
Staff Reporter - Uploaded By: Paul Howell Submitted By: Staff Reporter Case Study: No One of the properties will be turned into the Group's new headquarters. LHN Limited subsidiaries LHN SB 2 Pte. Ltd. and Coliwoo (BR) Pte. Ltd. have acquired properties at 75 Beach Road, worth a total of ...
19 hours ago
Singtel, Surbana Jurong forge strategic alliance to boost smart city transformation
Felicia Tan - Singapore Telecommunications (Singtel) and Surbana Jurong have signed a memorandum of understanding (MOU) on April 13 to form a strategic alliance that integrates technology and infrastructure to co-create smart city solutions that will accelerate the transformation of key industries. According to t ...
19 hours ago
Swiss watch expo switches to Shanghai after virtual debut
Vivienne Tay - ZURICH: Geneva's international expo of fine watches switches to Shanghai on Wednesday (Apr 14) for a physical version after staging an online edition to keep the prestigious fair going during the COVID-19 pandemic. The Salon International de la Haute Horlogerie, now restyled as Watches and Wonders . ...
19 hours ago
Yuan unlikely to strengthen despite China losing "currency manipulator" tag
Bloomberg - China’s yuan is unlikely to escape its current bout of weakness, even with help from U.S. Treasury Secretary Janet Yellen. While Yellen’s decision not to name China as a currency manipulator removes a flash point, analysts say that tension between the two countries have moved to strategic issues ...
19 hours ago
Eagle Hospitality REIT drops the Crowne for $24.1 m
Staff Reporter - Uploaded By: Paul Howell Submitted By: Staff Reporter Case Study: No Eagle Hospitality REIT called the Texas property a "drain on a limited pool of funds". Eagle Hospitality Real Estate Investment Trust, through its trustee DBS Trustee Limited, has announced the sale of ...
19 hours ago
Flight to quality movement drives Grade A office demand
Staff Reporter - Uploaded By: Paul Howell Submitted By: Paul Howell Case Study: No CBRE has reported that demand for high-end homes is also on the rise. As the economy in Singapore gets back on track, CBRE said in its Q1, 2021 real estate market performance report that the real estate sector was l ...
20 hours ago
NParks officer charged with corruption, cheating, taking upskirt photos of women
yasmine.yahya -
20 hours ago
LHN inks S$16.8m sale and purchase agreements for eight Beach Road flats
Lisa Kriwangko - LHN Limited on Monday signed the binding sale and purchase agreements to acquire eight flats in Beach Road for a total of S$16.8 million.
20 hours ago
MC Payment buy-now-pay-later transactions cross $500,000 mark
Staff Reporter - Uploaded By: Paul Howell Submitted By: Staff Reporter Case Study: No It has also seen steady pick-up in transaction volumes recently. The buy-now-pay-later (BNPL) transactions of payment service platform MC Payment for its online-to-offline (O2O) payment platform hit $500,000 in F ...
20 hours ago
Investors jittery over resurgence of COVID cases
Staff Reporter - Uploaded By: Paul Howell Submitted By: Staff Reporter Case Study: No The global statistics of confirmed COVID cases have returned to early January levels, dampening investor appetite. Equity markets may have performed comparatively strongly for the first quarter of the year, but t ...
20 hours ago
Temasek and BlackRock launch US$600m partnership to end global warming
Staff Reporter - Uploaded By: Paul Howell Submitted By: Paul Howell Case Study: No The two funding giants hope to advance global efforts to achieve a zero net carbon economy by 2050. Temasek has launched a partnership with American investment management firm BlackRock to help advance global effort ...
20 hours ago
Ant Group to be financial holding firm in drastic revamp due to demands from China
Bloomberg - Jack Ma’s Ant Group Co. will drastically revamp its business, bowing to demands from Chinese authorities that want to rein in the country’s fast-growing Internet giants. Ant will now effectively be supervised more like a bank, a move with far-reaching implications for its growth and ability to p ...
20 hours ago
Longer tours, larger tour groups to be allowed from Apr 14
SINGAPORE: Local walking, kayaking and cycling tours can take groups of up to 50 people, an increase from the previous limit of 20, starting from Wednesday (Apr 14). Tours will also no longer be limited to eight hours, said the Singapore Tourism Board (STB) on Monday. The move is in line with the . ...
20 hours ago
Jardine Strategic acquisition to proceed
Staff Reporter - Uploaded By: Paul Howell Submitted By: Staff Reporter Case Study: No Now with a tick of approval from shareholders, the transaction will become effective from 14 April. The acquisition of Jardine Strategic by Jardine Matheson is set to go ahead, as the resolution has been approved ...
21 hours ago
Sanofi to invest $638m in new, Singapore vaccine production site
Staff Reporter - Uploaded By: Paul Howell Submitted By: Staff Reporter Case Study: No Construction is expected to begin in Q3 of 2021. Biopharmaceutical company Sanofi is going to invest $638m (€400m) over five years to create a vaccine production centre in Singapore, in partnership with the ...