Singapore's Deputy Prime Minister Tharman Shanmugaratnam on Tuesday launched three initiatives to encourage more institutional investors to put private sector capital into the infrastructure asset class.
Commodities trader Noble Group has clinched what it called a "significant number of slots" for mid-term delivery of liquefied natural gas (LNG) cargoes to Egypt's second floating LNG import terminal, it said in a press release on Tuesday.
Singapore's bond market is bracing for the latest unfortunate export from Indonesia: debt defaults. The city state, shrouded in smog from fires in its neighbour, is also starting to feel the impact of that nation's currency woes. Indonesian phone retailer PT Trikomsel Oke's Singapore-dollar bonds plunged to record lows last week after it blamed a weak rupiah when flagging a possible bond restructuring that would be the local market's first in six years.
Applications for SkillsFuture Study Awards officially open on Tuesday, and over 500 awards will be made available to help applicants deepen their specialist skills.
The proposed float of Singapore-based BOC Aviation could fetch an overall valuation of US$5 billion to US$6 billion, according to preliminary estimates in reports on Tuesday. The Bank of China had said in a press release that it plans to list its wholly owned global aircraft leasing unit on the Hong Kong mainboard.
Bank of China (BOC) on Tuesday launched its RMB (renminbi) Bond Trading Index - a move that comes amid gradual internationalisation of China's capital markets and its currency.
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The STI Today
Penny stocks dominated a broadly mixed session on Tuesday which ended with the Straits Times Index down 5.47 point at 3,019.03, an advance-decline score of 217-211 excluding warrants and with turnover amounting to a weak 2.5 billion units worth S$935 million.