News

Boustead Projects, YCH reach settlement over lawsuit

This follows a lawsuit filed for an alleged breach of contract.

OCBC to reduce salary credit bonus interest

The bank will also stop offering the credit card spend bonus interest.

Government to build dorms for foreign workers

This is said to house up to 100,000 workers in the longer term.

Singapore Savings Bond's July issue opens at 0.3% for the first year

The first interest payment is slated to be on 1 January 2021.

Most of SIA's board bail on MCB subscription

CEO Goh Choong Poon has lapsed the provisional allotments of 3 million rights MCBs.

SGX inks MSCI Singapore license agreement

It will also launch 10 Singapore Single Stock Futures products.

Daily Markets Briefing: STI up 1.6%

SPH led the gains amongst top active stocks with a 3.13% expansion.

Chart of the day: Industrial production up 13% YoY in April

This is attributed to the biomedical manufacturing cluster.

Singapore-Kuala Lumpur high-speed rail deferred to end-2020

Construction was previously delayed until the end of May.

Investments exceed full-year target in four months: report

The amount exceeded initial targets of $8b to $10b for the whole year, said MTI’s Minister.

Keppel Corp's Floatel conducts independent review

This follows after Floatel performed an impairment assessment of its vessels.

E-road pricing on hold till 28 June

Charges will be modified depending upon congestion.

IMDA forms office to push digital adoption for small merchants

It plans to encourage hawkers to adopt SGQR payments in June.

Circuit breaker spells downturn in loan growth

Consumer loans were mostly affected, shrinking 0.9% MoM, OCBC said.

E-scooter startup Beam secures $36.67m in series A funding

It will be used to roll out its virtual docking systems and a new e-scooter model.