BT EXCLUSIVE

UOB Kay Hian betting on scale and depth

AT a time when the traditional retail broking business using self-employed remisiers has been on the decline - with retail investors going for self-directed online trading - UOB Kay Hian is betting on size and depth as it moves confidently ahead in its evolution.

Innovate to stay relevant, global stock exchanges told

GLOBALLY, stock exchanges are facing unprecedented change on multiple fronts from regulatory, geopolitical to social, but there is still room for bourses to stay relevant if they harness the opportunities presented.

HKEx disappointed at failed LSE takeover but door remains open

HONG Kong Exchange and Clearing (HKEx) has expressed disappointment that its takeover bid for the 300-year old London Stock Exchange (LSE) did not pan out, but chairwoman Laura Cha is not ruling out revisiting the deal in the future or tying up with other exchanges.

COMMENTARY

Mega bourse mergers less of a threat as exchanges and markets have morphed

LAST month, Hong Kong Exchanges and Clearing Ltd (HKEx) made a surprise US$39 billion bid for 300-year-old London Stock Exchange (LSE).

Ascott Reit's whirlwind merger to lead the global hospitality space

IT took a matter of three days for the proposed S$1.2 billion merger between Ascott Residence Trust (ART) and Ascendas Hospitality Trust (A-HTrust) to be approved and unveiled to the public.

AGM WATCH

SGX aims to be the single-point access to Asia

SINGAPORE Exchange (SGX) remains steadfast in its vision to provide products and services necessary for investors to have an efficient, single-point of access to Asia, even as Hong Kong Exchanges & Clearing Ltd makes a bold takeover bid for London Stock Exchange (LSE).

HOCK LOCK SIEW

CapitaLand shows good ESG policies do pay off

THE tangible positive results of good governance may not be obvious when companies do well on the back of a growing economy and market. It is during a downturn that those with good governance, which sifts out the wheat from the chaff, will stand tall. Companies with good environmental, social...

BT EXCLUSIVE

Reprieve for small investors as MAS reviews 5% collateral for stock trades

THE Monetary Authority of Singapore (MAS) is reviewing an earlier plan requiring retail investors to place a 5 per cent collateral on their open positions come 2020.

GIC sees bright spots in technology

DESPITE the uncertain investment climate and outlook, Singapore's sovereign wealth fund, GIC, believes there are investment bright spots in technology.

BT EXCLUSIVE

DBS Vickers remisiers, UOB Kay Hian tie knot after marathon courtship

AFTER marathon talks over seven to eight months involving several broking firms, heavyweight remisiers at DBS Vickers Securities have finally brokered a deal with UOB Kay Hian.

HOCK LOCK SIEW

Banks can use sustainability-linked loans to prod clients into going green

ENVIRONMENTAL, social and governance (ESG) considerations are moving out of a specialised niche into mainstream banking.

Sycamore Tree saga: trade creditor throws spanner in the works

A TRADE creditor has thrown a spanner in the works for the Sycamore Tree residential project, potentially dragging 180-odd jaded home buyers including those of a related project at Laurel Tree into a protracted nightmare delay just when progress is being made to complete the units.

Singapore mortgages may resist global rates downtrend - for now

INTEREST rates are falling across the world - with some markets already mired in negative rates - but the flow through to Singapore mortgage rates may be mitigated by local factors.

HOCK LOCK SIEW

Striking a balance in market regulation

WITH 740 companies worth close to S$980 billion as at July, listed companies form the backbone of Singapore's economy and financial industry.

Strong Singapore-US economic ties overrule political climate: AmCham chairman

SINGAPORE'S interests in nurturing an environment of entrepreneurship through its support of startups and small and medium-sized enterprises (SMEs) are aligned with the strengths of US corporates, and this ultimately overrules the political climate between the United States and the rest of Asia...

FIGHT AGAINST GRAFT

Avation plc thrives amid city-state's successful graft battle

WHEN the Singapore Economic Development Board (EDB) granted London-listed Avation plc a tax incentive under the Aircraft Leasing Scheme (ALS) in 2014, the company was already won over by the city-state's zero tolerance approach to graft.

FIGHT AGAINST GRAFT

Singapore's rule of law, zero tolerance for graft big draws for foreign investors: US diplomat

MORE than 4,500 American companies call Singapore home not just because of its strategic location but also because Singapore offers an excellent business climate - notably, the government's commitment to the rule of law and zero tolerance for graft, said a top American diplomat and several...

CORPORATE GOVERNANCE

SGX RegCo: More oversight to boost market confidence

LISTED companies can expect the Singapore Exchange Regulation (SGX RegCo) in the coming months to increase its regulatory presence to strengthen investor confidence and deter wrongdoings.

SGX, NSE aim to trade Nifty products via Gift City by end-2020

SINGAPORE Exchange (SGX) and the National Stock Exchange of India (NSE) have received the nod from their respective regulators for a new trading model which will see India's Nifty futures contracts on SGX executed in International Financial Services Centre (IFSC), Gift City, Gujarat, instead....

COMMENTARY

Tighter rules to curb shady trading practices and restore trust

BETWEEN June 2008 and November 2009, John Chionh and Kiew Yoon Seng engaged in false trading in the shares of Keda Communications (Keda) by crossing 52 trades with each other using trading accounts held with Phillip Securities Pte Ltd (PSPL). Chionh also conducted six wash trades in Keda shares...

HOCK LOCK SIEW

SGX is prescient in seeing its future in futures

THE late Prime Minister Lee Kuan Yew had often emphasised that what Singapore lacks in numbers and size, it must make up for in quality. The city-state has to stay two, three steps ahead of problems. That way, they can be more manageable.

HOCK LOCK SIEW

It's not debt but how Reits leverage on it that matters

EARLY this month, the Monetary Authority of Singapore (MAS) said it was reviewing the 45 per cent leverage ceiling for Singapore-listed real estate investment trusts (S-Reits).

BT EXCLUSIVE

S-Reits seek faster approval turnaround for related-party deals

SINGAPORE may want to consider shortening the time a real estate investment trust (Reit) needs to gain unitholders' nod for related party transactions and rethink the practice of quarterly reporting for the sector.

Singapore's strong corp governance and tax support big draws for foreign Reits

WHEN Frasers Logistics & Industrial Trust was mulling a listing venue, Australia was a possible choice given the real estate investment trust has more than 65 per cent of its assets Down Under.

COMMENTARY

Merger of Ascott Reit, Ascendas Hospitality Trust makes sense

CAPITALAND's announcement on Wednesday that it would merge Ascott Residence Trust (ART) and Ascendas Hospitality Trust (A-HTrust) should not be a surprise to market watchers, following the merger of their respective parents.