News

United Hampshire US REIT's IPO subscribed 3.2 times

Its placement tranche received indications of interest exceeding $307.36m.

Returns of top 20 stocks dropped 3.8% YTD

Stocks were hit by the 30% fall in crude oil price.

AIA Singapore's 2019 operating profit hikes 6% to $813m

Total weighted premium income rose 8% to $4.07m.

OCBC launches cheque encashment service in select ATMs

Customers will be able to encash up to $30,000 in a single cheque in ATMs at 23 branches.

StarHub buys 88% stake in ICT firm Strateq for $82m

The acquisition will be completed in H1 2020.

Unitholders greenlight FLT and FCOT merger

They also approved the payment of all fees and expenses relating to the proposed merger.

Wirecard to process GrabPay transactions for MSMEs

It will also expand GrabPay to more merchants.

Daily Markets Briefing: STI down 1.72%

SGX saw the sharpest decline amongst top active stocks with a 3.7% fall.

AllRites expedites the film rights acquisition process

Its platform will shorten the month-long process to a day.

Spacetech firm Aliena strengthens satellites and their accessibility

It gives satellites longer lifetimes that conventional thrusters cannot handle.

Can aged care assets buoy Singapore Press Holdings?

Its acquisitions in Japan and Canada would enlarge its recurring income base.

PropNex's salesperson count jumped 12.5% in 2019

Its headcount grew in line with profits, which jumped over three-fold in Q4 2019.

Condo rents up 3.3% in February

Volumes also rose as some contracts were inked before the COVID-19 outbreak.

CIMB Singapore plays to its strengths as neobanks loom

The bank is gearing up its tech and customer-employee experience amidst an increasingly tech-centered industry.