News
Ascendas India Trust raises $150m from oversubscribed private placement
Ascendas India Trust raises $150m from oversubscribed private placement
It will be used to fund a business park development in Bangalore.
Daily Briefing: Coda Payments raises $27m in funding round; Securities platform iSTOX bags $6.8m from Tokai Tokyo
And only a fifth of employees are satisfied with their health and wellness benefits.
Daily Markets Briefing: STI down 0.61%
YZJ Shipbuilding saw the sharpest decline amongst top active stocks with a 1.85% slip.
Chart of the Day: Condos priced below $1m dominates OCR resales in Q3
Buyers were able to purchase bigger units in the resale market compared to the new sale market.
China's Ant Financial eyes virtual banking licence in Singapore
It has not disclosed if it will seek a retail or wholesale licence.
ST Engineering eyes doubling smart city revenue to $1b by 2022
Its Newtec buy could give the business segment a boost.
Malaysia's new economic corridor gives tailwinds to shelved rail project
The economic corridor from Kuala Lumpur to Johor will likely run parallel to the HSR’s alignment.
Oxley cuts stake in United Engineers to less than 10%
This follows Yanlord’s acquisition of a majority stake in the firm.
MCT issues 10-year $250m fixed rate notes
It will be used for refinancing borrowings by MCT and its subsidiaries.
Ascendas property fund to raise $100m through private placement
This will fund a business park development in Bangalore.
Golden Agri-Resources sinks into the red with $12.52m loss in Q3
Plantation profits slipped due to lower fruit yield and a smaller palm inventory.
Plunge in drug exports extends NODX decline in October
Pharma drug exports plunged 36% for the month.
Soilbuild bags $162.5m contract for Tai Sheng Avenue factories
Four blocks of 8- to 9-storey factories will be built.
Banks could grapple with falling interest margins in 2020
An easing monetary policy and slow loan growth are dragging on NIMs.
Chart of the Day: Condo resales down 8.5% to 1,855 units in Q3
This may be due to an increase in new condo launches.
Fresh floater projects to buoy Sembcorp Marine's profits
Revenue has already surged 40% to $1.04b thanks to three projects.
OCBC and Standard Chartered complete Singapore's first OIS trade using SORA
The trade is a one-year interest rate swap fixed against SORA.
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Commentary
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