Singapore Wrap Monday

Surbana Jurong scales up with acquisition of two companies

Surbana Jurong Pte Ltd, the renamed entity formed from the merger of Surbana International Consultants Holdings and Jurong International Holdings, said on Monday it has acquired two companies in Singapore and China.

Private property prices may fall another 10% in next two years: report

Private property prices in Singapore could fall a further 10 per cent from current levels over the next two years, said BNP Paribas in a research report on Monday.

HSBC joins NETS payment network

HSBC debit cardholders will be able to make NETS payments at 87,000 acceptance points island-wide with effect from June 23, 2015.

Tech in Asia raises US$4m in latest financing round

Homegrown technology platform Tech in Asia said on Monday it has raised US$4 million in funding to expand the team and build more community-centric features for the Asia tech ecosystem.

CVC and Temasek to buy US$2b generic drugs firm Alvogen

European private equity fund CVC and Singaporean sovereign wealth fund Temasek are to buy a controlling stake in the pharmaceutical firm Alvogen, its chairman and chief executive said.

The STI Today

Singapore: Shares end 0.4 per cent higher on Monday

Singapore shares closed 0.4 per cent higher on Monday, with the Straits Times Index up 14.17 points to 3,315.13 as investors cheered news that crisis-mired Greece had proposed fresh reforms ahead of an emergency eurozone summit.