Mapletree Logistics Trust bags first S$200m sustainability-linked loan

MAPLETREE Logistics Trust (MLT) has made its first move into sustainable financing with a S$200 million sustainability-linked loan from OCBC Bank to be used for general working capital, the manager said in a statement on Thursday. 

Jumbo's Taiwan JV incorporated, to ramp up operational efficiency

JUMBO Group's indirect wholly-owned unit Jumbo F&B Services (JFB) has signed an 80:20 joint venture (JV) agreement with strategic partner Baipin Co to boost the group's overall operational efficiency in the Taiwanese market. 

CapitaLand to sell The Star Vista for S$296m

CAPITALAND is selling its stake in a mall to the partner with whom it had jointly developed the property.

BRC Asia's full-year earnings swell on Lee Metal acquisition

MAINBOARD-LISTED steel dealer BRC Asia saw its full-year net profit more than double to S$31.6 million, lifted by the completed acquisition of Lee Metal in July last year.

51% of FIDReC disputes filed against banks and finance companies

MORE than half the complaints filed with the Financial Industry Disputes Resolution Centre (FIDReC) for the financial year ended June 30 were against banks and finance companies.

GDS Global widens full-year net loss to S$1.76m

CATALIST-LISTED GDS Global widened its full-year net loss to S$1.76 million from S$630,000 a year ago, on declining revenue amid continuing weak conditions in the construction industry, said the firm in a filing on Wednesday. 

CapitaLand to sell The Star Vista to Rock Productions for S$296m

CAPITALAND on Wednesday said that it will sell the The Star Vista for S$296 million to Rock Productions, the business arm of New Creation Church (NCC).

Willas-Array's Q2 loss widens to HK$31.25m

HONG KONG-based electronics distributor Willas-Array Electronics (Holdings) saw its second quarter net loss widen to HK$31.25 million from HK$230,000 a year earlier.

GS Holdings disposes stake in wholly-owned subsidiary for S$2m

CATALIST-LISTED GS Holdings has sold all of its 6.5 million shares in its wholly-owned subsidiary, GreatSolutions, to GSG Capital for S$2 million.  

Oxley pares stake in UE to below 10%

OXLEY Holdings has pared its stake in United Engineers (UE) to below 10 per cent after selling some 62 million shares, representing a 9.73 per cent interest, in the open market.

Oxley Holdings pares stake in UE to below 10% after share sale

OXLEY Holdings has pared its stake in United Engineers (UE) to below 10 per cent after selling some 62 million shares, representing a 9.73 per cent interest, in the open market.

Alpha Energy calls for trading halt, fails to clear US$3.1m debt on time

CATALIST-LISTED Alpha Energy called for an immediate trading halt on Monday night over its failure to repay US$3.1 million to ING Capital on Oct 1. 

Mapletree Commercial Trust issues S$250m of 3.05% fixed-rate notes

MAPLETREE Commercial Trust (MCT) has issued S$250 million in principal amount of notes at a fixed rate of 3.05 per cent. 

No compelling reasons to allow China Haida to transfer to Catalist: SGX-ST

CHINA Haida's proposal to transfer the listing of the group from the mainboard to the Catalist board has been rejected by the Singapore Exchange Securities Trading (SGX-ST). 

Soilbuild Construction bags S$162.5m contract to build Tai Seng factory

SOILBUILD Construction Group has won a S$162.5 million contract to build an industrial factory development at Tai Seng Avenue, lifting its order book to S$551 million, said the group on Monday. 

Olam JV bags sustainable cert for palm oil plantation in Africa

OLAM International's joint venture with the Republic of Gabon has received a Roundtable on Sustainable Palm Oil (RSPO) certification for its Makouke plantation, said the mainboard-listed food and agri-business firm in a statement on Monday. 

StashAway offers portfolio to manage cash

ROBO-ADVISER StashAway has rolled out a cash management portfolio that gives all investors access to Singapore-focused money-market funds.

UBS fined S$11.2m in Singapore; HK$400m in HK

THE Monetary Authority of Singapore (MAS) has slapped a S$11.2 million civil penalty on UBS over deceptive trades by the bank's client advisers in Singapore.

MAS slaps S$11.2m fine on UBS over 'deceptive' trades

THE Monetary Authority of Singapore (MAS) has imposed a S$11.2 million civil penalty on UBS over deceptive trades by the bank's client advisers in Singapore.

BOND SCENE

UOB and HSBC use technology to address opaqueness of bonds

BOND investors have long grappled with issues of transparency and efficiency, thanks to the largely opaque nature of the fixed-income realm.

UOB, fintech Value3 Advisory to launch AI-enabled credit rating platform in Asean

UNITED Overseas Bank's asset management arm has tied up with fintech startup Value3 Advisory to launch an artificial intelligence-enabled (AI-enabled) credit rating platform in Asean to help bond investors make more effective investment decisions. 

HSBC to explore using distributed ledger technology in Asia's bond markets

HSBC Bank, together with the Singapore Exchange (SGX) and Temasek, will trial the use of distributed ledger technology (DLT) to streamline some of the challenges faced in the issuance and servicing of fixed income securities in Asia. 

BT EXCLUSIVE: SFF X SWITCH

Revolut drops out of Singapore digibank race over high capital requirement

AS THE deadline for digital banking applications creeps closer, high-profile payments fintech Revolut has closed the door to joining Singapore's digital bank landscape over high capital requirements, its top executive told The Business Times (BT).

Revolut bows out of Singapore digibank race: CEO

HIGH-profile payments fintech Revolut has bowed out of the race for a digital banking licence in Singapore over high capital requirements, its top executive told The Business Times.

SFF X SWITCH

US$2b investment boost for Singapore's green finance push

SINGAPORE's quest to become a global green finance hub just got a US$2 billion speed boost with the launch of an investment programme to support the growth of climate-friendly projects.