News

Daily Markets Briefing: STI up 0.3%

DBS led the gains as it stock rose 0.83%.

Chart of the Day: Virtual banks may only account for less than 1% of Singapore loan market by 2022

The retail upstarts may account for 0.3% market share and wholesale challengers will take 0.9% of the market.

Hyflux ‘progressing' towards binding $400m deal with Utico

It will see the utilities firm taking up an 88% stake in the water treatment firm.

Parenting startup theAsianparent raises series C funding

It will use the proceeds for its planned expansion into Asia and Africa.

Singapore crowned as top international shipping centre for sixth straight year: study

The report lauded the city’s strength in ship management and shipbroking services. Singapore defended its crown against Hong Kong to rank as the top international shipping centre for the sixth year in a row, according to the 2019 Xinhua-Baltic International Shipping Centre Development (ISCD) Index.

Enterprise Singapore launches inaugural Scale-up SG programme

The 2.5-year programme will help fuel the expansion plans of local firms.

UOB to issue $750m 3.58% perpetual capital securities

They will be issued under its US$15b global medium term note programme.

SGX RegCo alters two voluntary delisting rules

Offerors and concert parties must abstain from voting on the delisting resolution.

Court convicts three individuals for insider trading

The individuals carried out a front-running arrangement over a seven-year period, resulting in profits of $8.07m.

Daily Markets Briefing: STI up 0.33%

Singtel led the gains after its stock grew 1.16%.

Chart of the Day: GCB sales crashed 45.3% to $211.9m in H2

Its median unit price also fell 25.8% to $1,166.

Pinterest opens Singapore office

This is its second office in the region after launching in Tokyo in 2013.

Condo rents up 1.9% in June

Rents in the CCR led the increase at 2.7%.

Binance and Vertex Ventures set up fiat-to-crypto platform

It will provide real-time, 24/7 SGD deposit and withdrawal functionality via the Singapore FAST electronic funds transfer system.