SINGAPORE ECONOMY

MAS eases monetary policy 'slightly' in October

THE Monetary Authority of Singapore (MAS) has eased monetary policy "slightly" in its half-yearly monetary policy review on Monday, in a move that economists see as leaving the door open for another possible easing in April 2020.

BT EXCLUSIVE

EDBI joins dental 3D printing firm's latest funding round

SINGAPORE Economic Development Board corporate investment arm EDBI is among the investors in dental 3D printing firm Structo's latest funding round, which closes on Oct 15, EDBI told The Business Times without disclosing the amount.

COMMENTARY

Technical recession or not, underlying factors matter more

SINGAPORE'S narrow escape from recession in the third quarter may be good news for consumer sentiment, but it is arguably more productive to focus on specific aspects of the economy, rather than the narrow binary of whether a technical recession is upon us - which, at any rate, could be...

Quick takes: Slight easing by MAS keeps door open for further action

AGAINST a backdrop of lacklustre growth, the Monetary Authority of Singapore (MAS) "slightly" reduced the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band in its half-yearly October decision on Monday, while keeping the width and centre of the...

MAS eases monetary policy 'slightly' in October

THE Monetary Authority of Singapore (MAS) has eased monetary policy "slightly" in its latest half-yearly monetary policy review on Monday, making the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band less steep and slightly reducing its rate of appreciation.

F&N Malaysia to milk upstream dairy activity from RM156m land purchase

MAINBOARD-LISTED beverage company Fraser & Neave's subsidiary Fraser & Neave Bhd (F&NHB) is acquiring land in Malaysia for integrated dairy farming and milk production.

Iras recovers S$175m in GST, penalties in first 9 months of 2019

THE Inland Revenue Authority of Singapore (Iras) has recovered S$175 million in Goods and Services Tax (GST) and penalties during the first nine months of 2019, from audits and investigations of more than 2,000 GST-related cases, it said on Sunday.

About 20 people in Singapore affected by Dyson decision

ABOUT 20 employees in Singapore have been affected by Dyson's closure of its automotive division, as the British technology company ditches plans to build electric cars here.

Ideas that click with firms

ONE-CLICK simplicity might seem a clear desideratum for licence applications. Yet what makes sense in theory might not be desired in practice, as the GoBusiness Licensing Portal team found when speaking to firms.

BT EXCLUSIVE

Deep tech on the radar of EDB's corporate investment arm

DEEP tech firms now account for over a third of the portfolio of EDBI, the Singapore Economic Development Board's (EDB) corporate investment arm. In the past three years, EDBI has also doubled both the number of its portfolio firms in healthcare, and its share of investment in Asia, in an...

Wealth of opportunities

YOU could say that Henley & Partners chief executive officer Juerg Steffen helped write the book on investment migration. Two books, in fact.

OCBC serves Triyards statutory demand over debts

OCBC Bank is the latest creditor to lose patience with Triyards Holdings. The bank served a statutory demand on Sept 5 for US$11.6 million and 1.13 billion Vietnamese dong (S$67,310) on the cash-strapped company for banking facilities granted to Triyards' subsidiary Strategic Marine (V) Company...

BARFLY

Tiki time

WHAT defines a tiki bar, that retro example of tropical-flavoured Americana? Is it the Pacific Islands-inspired kitschy decor? A menu of flamboyant rum-based cocktails?

Pine Capital makes board changes amid search for more directors

CATALIST-LISTED financial services firm Pine Capital Group on Friday night announced further board changes, in its continuing attempt to achieve a board composition in compliance with the Catalist rules and code of corporate governance.

MeGroup raises stake in unit that operates its Honda dealerships

CATALIST-LISTED automotive parts maker and dealer MeGroup has entered a definitive sale-and-purchase agreement for an additional 25 per cent stake in its subsidiary MJN Motors Sdn Bhd, which operates the group's Honda dealerships in Malaysia, it said on Friday night.

Y Ventures gets listing and quotation notice for 24.66m placement

CATALIST-LISTED e-commerce firm Y Ventures has received the listing and quotation notice for its proposed placement of 24.66 million new ordinary shares at S$0.0812 apiece, it said on Friday night.

Triyards says it received Sept 5 statutory demand with 21-day deadline

TRIYARDS Holdings has received a statutory demand from OCBC, dated Sept 5, for about US$11.57 million and 1.13 billion Vietnamese dong (S$67,310), the troubled marine operator announced on Friday after market close.

Ascendas Reit buys Aussie property for A$110.9m

ASCENDAS Real Estate Investment Trust (Reit) is acquiring its fourth suburban office property in Australia for A$110.9 million (S$104.4 million), the Reit's manager announced on Thursday.

Healthtech startup Biofourmis gets FDA approval for analytics engine

SINGAPORE healthtech startup Biofourmis, headquartered in Boston, has received 510(k) clearance from the United States Food and Drug Administration (FDA) for its patient data-monitoring solution, it announced on Thursday night.

RHB Bank's US$300 million senior notes fully redeemed

RHB Bank had, on Oct 3, fully redeemed its existing US$300 million senior unsecured notes issued under its US$5 billion euro medium term note programme, it announced on Thursday night.

Ascendas Reit acquires Australian suburban office for A$110.9m

ASCENDAS Real Estate Investment Trust (Reit) is acquiring its fourth suburban office property in Australia for A$110.9 million (S$104.4 million), the Reit's manager announced on Thursday after market close.

NEWS ANALYSIS

'Unlikely, undesirable' to classify ride-hailing drivers as employees

A NEW Californian law threatens ride-hailing firms' business models by classifying their drivers as employees. Such a move is unlikely and undesirable in Singapore, say experts and stakeholders, who point to existing protections and say such a law could jeopardise livelihoods instead.

Chaswood Resources gets eight-week moratorium extension

CATALIST-LISTED Chaswood Resources, whose shares have been suspended from trading since June 18, 2018, has been granted an eight-week extension for a moratorium that expired on Oct 1, it announced on Wednesday night.

BreadTalk founder's stake in Pacific Sogo 'will not give management rights'

BREADTALK founder George Quek's acquisition of a stake in Taiwan's Pacific Sogo Department Stores will not give him and his business partner management and controlling rights, Sogo holding company Pacific Distribution Investment Company said in a media release on Tuesday night.

Lendlease Global Commercial Reit's public tranche 14.5 times taken up

THE Lendlease Global Commercial Reit's (real estate investment trust) initial public offering (IPO) has ended with its public offer tranche 14.5 times subscribed, the Reit's manager announced on Tuesday night.