Markets & Investing

SGX issues rules to allow SPAC listing

The new rules for the SPAC listing are effective starting 3 September.

SG, HK investors more cautious amidst COVID

About 69% and 62% of Singaporeans and Hong Kongers, respectively, are now investing responsively.

How this Singapore-based microlending platform demystifies cryptocurrency

Technicorum CEO Daniel Daboczy discusses why Singapore is the next big crypto hub.

SG refining margins to rise to $3-$4 per barrel in 2022: Moody's

Higher vaccination rates and eased movement restrictions drive demand for transportation fuels.

Daily briefing: SGX mulls first US dollar bond; China uses coercion to back claims in disputed waters: US

And Trade and Industry Minister highlights digitalisation as critical in recovery.

ESR-REIT completes S$149.6m equity fundraising

It consists of S$49.6m preferential offering and S$100m private placement.

Singapore, China affirm bilateral economic ties in IPC Meeting

The two countries discussed the progress of bilateral cooperation projects and agreements. 

Nanofilm net profit slips 2.3% to S$18.1m in H1 2021

This is due to higher expenses in the new Shanghai Plant 2 and new product introduction projects.

NEA to establish green bond framework, $3b note programme

The $3b multicurrency medium note programme will finance its flagship waste management project.

Yanlord posts 54.8% YoY increase in profit to RMB1.6b in H1

This is due to the increase in gross profit and other operating income and the decrease in finance costs. 

Sasseur REIT income increased 19.7% to $21.6m in Q2 2021

This is due to active leasing activities and improvement in operating performance. 

Hong Leong Asia’s net profit rose 110.4% YoY to S$40.7m in H1 2021

This as its key business recorded higher volume sales and revenue.

UOL net profit soars 211% to $91.3m in H1 2021

This is due to the increase in revenues of property development and the decline in fair value losses.