News
ST Engineering starts restructuring amidst FY2020 revenue loss
ST Engineering starts restructuring amidst FY2020 revenue loss
Revenue is expected to be between 5% to 15% lower than last year.
Singapore pilots insurance coverage for foreign inbound travellers
The products grant at least $30,000 in coverage for medical treatment.
Tong Eng Group secures $71m green loan from OCBC
Proceeds will be used for the refinancing of Tong Eng Building.
Singapore, Philippine central banks partner for data connectivity
They hope to boost cross-border data transfer and risk management.
11 joint industry projects receive $1.62m for maritime innovation
The projects are co-funded by MPA and MINT Fund.
MAS to pilot green loan scheme for corporates
It will push banks to develop accessible green lending frameworks for SMEs.
DBS floats remote work option for employees
It will be launching a job-sharing scheme for two workers to fill a full-time role.
Payments key to keeping up with how Singaporeans want to shop
Over the last decade, digitization has changed shopping, dining, consumption and payment habits. However, the ongoing COVID-19 pandemic has tipped both consumers and brands over the transformational edge.
Genting Singapore Q3 net profit crashed by 66%
The revenue loss was still reported despite job cuts in July.
GIC, Melcombe to develop European urban logistics properties
They will advance last-mile distribution centres.
EHT distribution ‘highly unlikely' for 2020
Investors will be left out, as prospects of EHT’s consensual restructuring remain uncertain.
Daily Markets Briefing: STI up 1.11%
SIA led the gains amongst top active stocks with a 4.91% climb.
Chart of the Day: Singapore has high encumbrance limits vs. other APAC markets
A high limit would cut refinancing risks if banks would ease issuance.
Medtecs to transfer to SGX mainboard
The transfer is designed to attract institutional investors.
Far East Hospitality reveals expansion plans with three new properties
They will manage the hotels’ operations under an HMA.
Singapore, Hong Kong tourism boards join forces ahead ATB commencement
Both destinations have implemented hygiene, safety certification programmes.
Boutique hotel in Chinatown seeks new owner
The guide price for the 84-room hotel has been set at close to $69 million.
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