Fintech can pose systemic risks: report
FINTECH may pose a systemic risk to financial systems, and its impact must be weighed by factors such as the level of unfettered competition, the degree of concentration risk, and its track record, said a report by Depository Trust & Clearing Corporation (DTCC), a post-trade financial services...
Brokers' take: DBS keeps 'buy' on Keppel DC Reit on asset quality
KEPPEL DC Reit has room for accretive acquisitions given its low cost of capital, said DBS Group Research on Tuesday as it kept its "buy" rating on the trust for data centres...
China Construction Bank prices 3-year S$500m bond issue at 2.08%
CHINA Construction Bank (CCB) has priced its S$500 million three-year bond at 2.08 per cent.
BNY Mellon named investment provider of NTUC Income
BNY Mellon on Tuesday said it has been appointed by Singapore's largest insurer NTUC Income Cooperative (NTUC Income) to provide global custody, fund accounting, compliance monitoring, collateral valuation and administration for their assets under management...
Singapore shares open up on Tuesday
SINGAPORE share prices opened higher on Tuesday with the Straits Times Index (STI) up 11.41 points to 3,334.47 as at 9.02am. Wall Street jumped to fresh records on Monday, boosted by bank shares that were lifted by expectations that the Federal Reserve will again increase interest rates this year.
Fischer Tech gets shareholders' nod for sale to investment firm for S$168m
FISCHER Tech - a plastic precision engineering company - said the scheme of arrangement proposed to have it acquired by Platinum Equity Advisors' investment fund unit FT Holding II, has been approved. ...
Stocks to watch: M1, Keppel Infrastructure Trust, Keppel DC Reit, Pacific Radiance
The following stocks may be in focus on Tuesday:
Quick takes: Hungry Ghost busts euphoria, but it's no phantom demand either
SINGAPORE developers sold 657 private homes in September 2017 - down from 1,246 units in August 2017, on the back of a pullback in new launches amid the Hungry Ghosts Festival. However, the September 2017 figure is higher than the 509 units developers moved in September 2016.
A fifth of SMEs sees disruptive technology as top business challenge: poll
A FRESH survey from a prominent business chamber on Monday showed that challenges from disruptive technology was a top business challenge for over 20 per cent of respondents.
Hot Stock: Keppel gains on hopes of upturn in property, offshore cycle
SHARES of Keppel Corporation extended their climb on Monday, with one brokerage expecting the worst to be over for the offshore and marine player.
Singapore to offer world's largest AI hub: Marvelstone
SINGAPORE may be set to have the world's largest artificial intelligence (AI) hub in Singapore's central business district by next year, said Marvelstone Group, the private investment firm behind Singapore's fintech hub Lattice80...
Hai Leck wins Jurong Island project
HAI Leck Holdings - an engineering and construction services firm - said on Monday it has been awarded a new project from an existing customer in Jurong Island, boosting its order book by S$28 million.
Hot Stock: QT Vascular jumps on hopes of asset sale
SHARES of QT Vascular, a maker of coronary products, surged on Monday amid hopes over a "potential transaction" linked to certain coronary assets as announced over the weekend. ...
Singapore shares open up on Monday
SINGAPORE share prices opened higher on Monday with the Straits Times Index (STI) up 6.05 points to 3,325.16 as at 9.03 am. Wall Street closed higher on Friday.
Singapore oil-and-gas travel firm sells majority stake to global business travel group
SINGAPORE'S Olympia Travels & Tours (S) Pte Ltd has sold a 70 per cent stake in the company to Wings Travel Management, a global travel management company providing business travel and mobility services to clients in the corporate, oil, gas and marine industries. The sale price was not...
Moya Holdings Asia sees dismissal of lawsuit against latest acquisition
MOYA Holdings Asia an Indonesian water company - on Monday said the Indonesian Supreme Court has dismissed a class action lawsuit against a unit of Moya's recent acquisition, Acuatico...
HOCK LOCK SIEW
Cryptocurrency fracas spotlights risks in opaque space
NEWS this month that at least one cryptocurrency firm has had its Singapore banking account closed has led to whispers that Singapore is unilaterally shutting its doors to cryptocurrency companies.
IT'S not often that you meet a chief executive so open in chastising his own industry, one in which he rose through the ranks. And yet, listening to Bill Winters, chief executive of Standard Chartered (StanChart), it is plain that beneath his criticism of bad practices are some solid insights...
Two senses' worth
ANGELINE Cheng remembered the first time she thought she was probably a little bit different. As a 15-year-old chatting with her friend from choir in secondary school then, she casually asked her friend about her "C-chord colour". ...
F&N gets conditional nod to buy Penguin units after no-discrimination pledge
FRASER and Neave's (F&N) Times Publishing has been granted conditional approval from the Competition Commission of Singapore (CCS) to acquire the Singapore and Malaysian distribution arms of international book publisher Penguin Random House for S$8 million, after pledging not to...
Starland moves to recover expenses from failed RTO
STARLAND Holdings is in negotiations with its failed backdoor-listing target over some S$992,000 in expenses related to the reverse takeover that did not go through.
Seasonal awakening for SGX cyclical stocks
WITH the rotation into cyclical plays, Singapore's six cyclical sectors have averaged a market-cap weighted 27.3 per cent price gain so far this year, compared to an average 0.7 per cent decline for the five defensive sectors...
F&N's Times Publishing gets nod to buy Penguin units on anti-discrimination pledge
FRASER and Neave's (F&N) Times Publishing has been granted conditional approval from the Competition Commission of Singapore (CCS) to acquire Penguin Random House Pte Ltd and Penguin Books Malaysia from Penguin Random House, after pledging no discrimination against book retailers...