Merger and acquisition (M&A) deal volumes rose in Singapore in the first half of the year, but their values have declined by about 35 per cent compared to the same period a year ago, said global valuation and corporate finance adviser Duff & Phelps.
A Temasek Holdings unit has acquired a majority stake in Malaysia-based Aurum Healthcare Sdn Bhd, which will be subsumed into Singapore-based contract manufacturer Advanced Materials Technologies (AMT) after the completion of the deal.
Standard Chartered Private Equity (SCPE) has invested in another Singapore food and beverage player, a year after it ploughed US$52 million into Crystal Jade Group Holdings.
In addition to the SingPass username and password, users will need to enter a one-time password sent via SMS or generated through a OneKey token in order to open and operate the e-government service.
Singapore is rushing to reinvent itself as Asia's financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy.
Lim Sim Seng, Singapore country head of DBS Bank, has been re-appointed as chairman of Singapore Land Authority (SLA) for a term of two years starting Aug 1, 2016.
The STI Today
The key Straits Times Index (STI) rose 24.19 points or 0.85 per cent to 2,870.56 on Monday, buoyed by expectations of easing measures by central banks to support the global economy in the wake of the outcome of the Brexit vote.