Markets & Investing

GIC holdings for China International Capital Corp increased to 16.35%

Government of Singapore Investment Corporation  became the second-biggest shareholder in CICC. According to OCBC, the holdings increased from 7.35%...

GIC holdings for China International Capital Corp increased to 16.35%

Government of Singapore Investment Corporation  became the second-biggest shareholder in CICC. According to OCBC, the holdings increased from 7.35%...

2010 IPOs to exceed US$300bln

Surpassing the 2007 record of US$295 billion, total global IPO proceeds for this year are backed by Asian issuers raising the most capital.

CapitaCommercial Trust's 31% gearing secures Baa1 rating

CCT's cash balance of $731m provides it with ample financial flexibility for future acquisitions.

Singapore investment deals top $10.6b

An increase of up to $32.5b came in this year due to the rise of investment deals of at least $5m each.

Keppel Land foresees $719.8m net profit

A net gain of $394m is expected by Keppel Land instead of the $321m reported earlier.

MAS’ attempt at currency control is mission impossible: DBS

DBS says the central bank’s US$17bn intervention in currency markets in October is part of its attempt to do the impossible— to control the currency...

DBS asset management acquires 7.25% interest in Nikko asset management

Nikko Asset Management will obtain DBS Asset Management for S$137 million in their signed agreement to combine both asset managements.

Keppel expects 4.0% net profit growth for FY2012E

Keppel Corporation said year-on-year increase of 9.6% in net profit is expected for FY2010E. A slow and steady growth in its net profit is forecasted...

Singapore ranked Asia Pacific's 3rd biggest in investment volume

A huge rise of 358% growth in investment volumes was recorded for Singapore. According to Jones Lang LaSalle's Capital Markets Bulletin, this growth...

Kim Eng expands retail investor base with its first investor centre

The group has also launched KE Forex, for trading foreign exchange and KE Trade Mobile, a iPhone app for stocks trading.

Amtek Engineering joins SGX Mainboard

The design and manufacturing solutions provider has a market capitalisation of S$706 million and manufacturing facilities in eight countries across...

Singapore Exchange lists Credit Suisse to clear OTC financial derivatives

Credit Suisse also seen to strengthen SGX’s capabilities in the interbank interest rate swap market.

Average Singaporean now earns $2,500

Singaporeans should be happy with their monthly income rising by 4.2% over the year. According to OCBC, the median monthly income of residents in...

Singapore businesses to expand on 2011

97% of businesses in Singapore perceive their domestic regulatory and taxation environment to be business friendly. According to ICAEW Global...

Singapore Exchange lists Sabana REIT

The world’s largest Shari’ah-Compliant REIT opens its doors to a pool of investors who require their investments to be made in accordance with Shari...

Palm oil giant debuts on SGX

Mewah International Inc, a producer of a wide range of refined and fractionated vegetable oils and fats principally from palm oil, is one of the...

Developers cutting back on tenders

Developers are showing signs of being "more prudent" in their bidding for new land sites, says DBS Vickers.