The Straits Times Index (STI) was down 21.63 points or 0.72% as at 12.48pm on Jan 18 despite December’s non-oil domestic exports (NODX) registering a 6.8% y-o-y growth, according to figures released by Enterprise Singapore (ESG) on the same day. See: Singapore's NODX logs surprise 6.8% expans...

Great Eastern Life Assurance Company announced on Jan 6 that it will be redeeming its $400 million 4.6% subordinated fixed rate notes on Jan 19. The notes will be redeemed at 100% of their nominal amount with interest accrued to the redemption date. The notes, which are issued under Great Eastern Ho...

GREAT Eastern Holdings on Wednesday said that Great Eastern Life Assurance Company will be redeeming early all S$400 million of 4.6 per cent subordinated notes due 2026 but callable in 2021.

THE following companies saw new developments that may affect trading of their securities on Wednesday.

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The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) to two former insurance agents for dishonest conduct. On Dec 2, the central bank issued a four-year PO to Chong Yoon Loi, formerly from Aviva Financial Advisers, who misled two policyholders into believing that they could ...

DBS Group Research analyst Lim Rui Wen is positive on Oversea-Chinese Banking Corporation (OCBC) as she estimates the bank’s share price to see support moving forward. On this, Lim has upgraded her recommendation on OCBC to “buy” from “hold” with a higher target price of $11 from $9.50 pre...

Oversea-Chinese Banking Corporation (OCBC Bank) has reported earnings of $1.03 billion for the 3QFY2020 ended September, some 12% lower than the $1.17 billion a year ago, largely driven by larger allowances. The results surpassed expectations of analysts’ estimates compiled by Bloomberg, which sto...

GREAT Eastern Holdings on Wednesday posted a 40 per cent rise in net profit to S$287.9 million for the third quarter ended Sept 30, from S$205.1 million a year ago.

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