Markets
7 Singapore firms earn spots on Forbes Asia’s 2024 Best Under A Billion list
7 Singapore firms earn spots on Forbes Asia’s 2024 Best Under A Billion list
SGX, Aztech Global, and Delfi were amongst those that made the list.
GCBC's joint liquidators sell full stake in Cordlife Group
They hold a 9.99% stake in the company.
REITs set to weather expected August market dip
In the past 14 years, the STI ended lower 12 times in August.
Lee Chong Kwee increases MLT stake with 134,000-unit purchase
He acquired the shares at $1.31 per unit.
DBS Bank cuts stake in Hoe Leong to 4.99% with share sale
It sold 29.477 million shares.
CapitaLand Ascott REIT prices $150m perpetual securities at 4.60%
The REIT plans to issue the securities on or around 7 August.
Vertex Venture issues new redeemable preference shares
The funds raised will be used for investments in Vertex’s captive and network funds.
Singapore art market shows resilience with online sales surge
Despite global economic concerns, the art market remains stable.
78% of Singapore’s large listed companies advance in climate reporting
Nearly all companies have established roles or committees to manage climate risks and opportunities.
Singapore's climate reporting rises, but net-zero commitments lag
Climate reporting efforts began for 96% of issuers in FY 2023.
SGX securities market turnover down 11.2% YoY in June
Securities daily average value also declined 6.6% YoY to $1.11b.
SBF renews Lim Ming Yan as chairman, appoints 6 new council members
Nine council members resigned upon completing their terms.
Séché Environnement to buy Singapore’s ECO for $605m
Séché expands its presence in Southeast Asia’s hazardous industrial waste market.
Raffles Medical chairman acquires 800,000 shares, raising stake
His latest purchase increased his stake to 54%.
No changes in STI constituents after June review
There were also no changes in the STI reserve list.
STI gains 7% in six weeks, logs highest close since Aug 2023
Net institutional inflow boosted the index.
Customer satisfaction improves in Singapore: study
More customers gave recommendations than those who complained.
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