News
Daily Markets Briefing: STI down 0.1%
Another pullback is expected today.
SGX struggles to secure new listings amid severe IPO dearth
Equity offerings declined 76.1% in Q1.
Negative inflation print points to another MAS easing in April: BofAML
The exchange rate band will be re-centered.
Property-hungry GIC seals $446.3m deal to invest in logistics hubs
It will focus on key European distribution hubs.
Hospitality REITs were the worst performers last week with 0.7% pullback
Pulled down by FEHT and ART.
Singapore equity capital market activity crashed to 12-year low in Q1
Local firms raised a measly $146.6m.
Singapore entered fourth straight month of deflation in February
The Consumer Price Index registered at -0.3%.
Noble’s share price gains despite report; Iceberg brushes off lawsuit threat
Noble might bounce back to above $1.
Top corporates go black on social media to mourn late Lee Kuan Yew
Read their official statements here.
SIBOR jumps to six-year high of 0.973% while fixed income indices decline
Both government and corporate bonds declined last week.
KepLand privatisation bid almost in the bag for Keppel Corp
It now holds 87.5% of KepLand.
Singapore’s connected devices sector now worth a whopping $2.48b
It has doubled since 2010.
SGX joins nation in mourning Lee Kuan Yew
He’s behind the state’s status as a leading financial hub.
Noble takes legal action against Iceberg, rejects fraud allegations
It has finally named the man behind Iceberg.
Iceberg hits out at Noble Group’s “intensively engineered” debt levels
Its gross debt is 41% higher than reported.
Chart of the Day: Singapore’s inflation to languish in the red
This will be the fourth consecutive month of negative inflation.
Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform