LTA buys 40 more trains from Bombardier Transportation for around S$337.8m

SINGAPORE'S Land Transport Authority (LTA) has purchased another 40 trains from Bombardier Transportation for S$337.8 million as part of the long-term fleet renewal programme for the North-South and East-West Lines (NSEWL).

SPH, News Corp Australia to bring digital marketing service for SMEs to Singapore

SINGAPORE Press Holdings (SPH) and News Corp Australia (NCA) have signed a three-year partnership to bring NCA's digital marketing service, News Xtend, to Singapore, the companies said in a joint statement on Monday.

Olam obtains S$200m Sora-pegged club loan from DBS, ICBC Singapore

AGRI-FOOD giant Olam International has obtained Singapore's first club loan pegged to the Singapore Overnight Rate Average (Sora) from DBS and the Industrial and Commercial Bank of China, Singapore Branch (ICBC Singapore).

Singapore's resilient savers, and a question over the wealth gap

A SLEW of recent surveys from financial institutions point out that for those who can save, they have set aside buffers to insulate against financial threats from the health crisis that is Covid-19. But the data may also point to the widening wealth gap wrought by a global pandemic.

HOT STOCK

Wilmar sees active trading after announcing China unit's IPO price

SHARES of Wilmar International saw heavy trading on Thursday after it announced that the proposed listing of its 99.99 per cent-owned China subsidiary, Yihai Kerry Arawana (YKA), will carry an issue price of 25.7 yuan per share and is expected to raise 13.9 billion yuan (S$2.81 billion).

Hot stock: Wilmar sees active trading after announcing China unit's IPO price

SHARES of Wilmar International saw heavy trading on Thursday after it announced that the proposed listing of its 99.99 per cent-owned China subsidiary, Yihai Kerry Arawana (YKA) will carry an issue price of 25.7 yuan per share and is expected to raise 13.9 billion yuan (S$2.81 billion).

Singapore's resilient savers, and a question over the widening wealth gap

A SLEW of recent surveys from financial institutions point out that for those who can save, they have set aside buffers to insulate against financial threats from the health crisis that is Covid-19. But the data may also point to the widening wealth gap wrought by a global pandemic.

Most Singapore investors stay invested in their portfolios throughout pandemic: poll

OVER 80 per cent of Singapore investors remain invested in the markets throughout the Covid-19 outbreak, with over a fifth investing more, according to a survey by Fidelity International published on Thursday.

Singapore shares open lower on Thursday; STI down 0.4%

SINGAPORE stocks opened lower on Thursday, tracking Wall Street losses. The benchmark Straits Times Index (STI) fell 0.4 per cent or 9.18 points to 2,471.96 as at 9.04am.

Wilmar's China unit listing to raise 13.9b yuan; GIC among strategic investors

THE proposed listing of Wilmar International's China unit, Yihai Kerry Arawana (YKA), is expected to raise 13.9 billion yuan (S$2.81 billion), and Singapore's sovereign wealth fund GIC will be coming in as a strategic investor.

Singapore maritime bodies seek proposals to electrify harbourcraft

THE Maritime and Port Authority of Singapore (MPA) and the Singapore Maritime Institute (SMI) on Wednesday launched a joint call for proposals on the electrification of harbourcraft, to support the Singapore harbourcraft industry's transition towards a low-carbon future.

8 in 10 see Singapore going cashless in a decade: StanChart survey

NEARLY 80 per cent of survey respondents in Singapore expect the country to go fully cashless in the next decade, a survey by Standard Chartered (StanChart) has found.

Singapore consumers move towards cashless, cautious spending: StanChart poll

SINGAPORE consumers are shifting towards online banking and online shopping amid the coronavirus pandemic, while also pivoting to better money management and mindful spending, a survey by Standard Chartered (StanChart) has found.

Singapore maritime bodies seek proposals to electrify harbourcraft; S$9m to co-fund projects

THE Maritime and Port Authority of Singapore (MPA) and the Singapore Maritime Institute (SMI) on Wednesday launched a joint call for proposals on the electrification of harbourcraft, to support the Singapore harbourcraft industry's transition towards a low-carbon future.

E-commerce firm Zall to expand Singapore operations

SINGAPORE digital banking licence hopeful Zall Smart Commerce Group on Wednesday said it is expanding its Singapore operations and scaling up its investments in the Republic.

Oakwood launches day-use workspaces across Asia-Pacific

OAKWOOD, a wholly-owned subsidiary of Mapletree Investments, has rolled out day-use workspaces at 17 properties across the Asia-Pacific region, it said on Tuesday.

Oakwood launches day-use workspaces at 17 Asia-Pacific properties

OAKWOOD, a wholly-owned subsidiary of Mapletree Investments, has rolled out day-use workspaces at 17 properties across the Asia-Pacific region, it said on Tuesday.

Singapore stocks fall at Tuesday's open; STI down 0.3%

SINGAPORE shares continued their fall on Tuesday following a regional rout on Monday driven largely by pockets of Covid-19 resurgence across the globe, particularly in Europe and the UK.

Tokio Marine Life Insurance Singapore makes C-suite appointments

JAPANESE insurer Tokio Marine Life Insurance Singapore (TMLS) has appointed Edwin Peh as its chief financial officer (CFO), Esmond Chan as chief operations officer (COO) and Goh Kay Yiong as chief investment officer (CIO), it said on Monday.

No partnership between Huttons Group, Century 21

REAL estate agency Century 21 has clarified that it is not contemplating a partnership with rival Huttons Group.

Straits Organization rebrands to ST Hospitality, appoints senior adviser to drive expansion plans

STRAITS Organization, a wholly-owned subsidiary of Catalist-listed food and beverage player Katrina Group, on Monday announced it has rebranded to ST Hospitality.

LMIRT proposes S$280m rights issue to fund acquisition of Jakarta mall

THE manager of Lippo Malls Indonesia Retail Trust (LMIRT) on Friday proposed to raise S$280 million through a non-underwritten renounceable rights issue to partly finance its planned acquisition of Lippo Mall Puri.

iX Biopharma gets Israel patent for drug delivery technology

CATALIST-LISTED iX Biopharma has been granted a patent in Israel for its WaferiX drug delivery technology, it said in a bourse filing on Monday.

Huttons Group appoints CDL's chief revenue officer as new CEO

REAL estate agency Huttons Group has appointed Mark Yip as its new chief executive officer (CEO) with effect from Nov 1 this year, it said in a statement today.

VIRUS OUTBREAK

Singapore insurers extend premium-deferment measures

THE General Insurance Association of Singapore (GIA) and the Life Insurance Association, Singapore (LIA Singapore) on Friday announced the extension of relief measures that will give policyholders more time to pay premiums, while maintaining their coverage.