Singapore Wrap Wednesday

Earnings

Big-car COE premium rises; commercial vehicles' slumps

The COE (Certificate of Entitlement) premium for big cars rose while that for motorcycles climbed to yet another record high in the latest bidding exercise. Commercial vehicles' COE premium slumped 17 per cent.

Ascendas launches S$333m fund to invest in China business parks

Ascendas has launched its Ascendas China Business Parks Fund 4 (ACBPF 4) - worth some S$333 million - to invest in a portfolio of premium business park assets in Shanghai, Suzhou and Xi'an.

Noble Group

IDA's HetNet trials in Jurong Lake District to kick off in Q3

As part of Singapore's Smart Nation push, the Infocomm Development Authority of Singapore (IDA) will launch its HetNet (heterogeneous network) trials in the Jurong Lake District in the third quarter of this year.

Singapore: Blue chips weaken, penny interest continues to dwindle

The Straits Times Index (STI) fell 12.37 points to 3,496.24 on Wednesday, dragged lower by expectations of weakness ahead on Wall Street which came after European markets opened in the red and Hong Kong gave up most of its morning gains.