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Noble Group is set to clinch about US$3 billion in bank credit facilities, sources close to the matter said, but it will have to offer the highest interest rate it has ever paid as lenders are wary after its ratings downgrades to junk status.

Noble Group set to clinch US$3b credit facilities

Noble Group is set to clinch about US$3 billion in bank credit facilities, sources close to the matter said, but it will have to offer the highest interest rate it has ever paid as lenders are wary after its ratings downgrades to junk status.


Singapore condo resale prices up 0.5% m-o-m in April, volumes up: SRX Property

Resale prices of non-landed private homes in Singapore rose 0.5 per cent in April 2016 over the previous month, based on SRX Property's flash estimates for last month released on Tuesday.


IMF says Singapore's MAS must guard against deflation

The Monetary Authority of Singapore should be ready to adjust its monetary policy further if deflation takes root in the city state, the International Monetary Fund said.


Singtel unveils improved mobile payments app, launches NFC SIM

Singtel on Tuesday unveiled a new version of its mobile payments app Dash, and launched the Singtel Transit NFC SIM - in what the telco said is collectively Singapore's first all-in-one mobile payments solution.


Life insurance industry's new business premiums up 5% y-o-y in Q1

The life insurance industry achieved a total of S$682.1 million in weighted new business premiums, a 5 per cent increase compared with the first quarter of 2015.


GCB off Holland Road up for sale by private treaty

Located off main Holland Road/Sixth Avenue in the Maryland GCB estate, and perched on elevated ground, the main house sits on a land area of about 19,200 square feet.


Corporate Earnings


The STI Today

Singapore shares close lower for 11th time out of 12 sessions

Gains in Hong Kong, a 100-point rise in the Dow futures and a firm opening for Europe on Tuesday could not prevent the Straits Times Index (STI) from registering an 11th loss in 12 sessions when it dropped 24.91 points to 2,741.15.