UOB resumes full branch operations in Singapore

UNITED Overseas Bank (UOB) is resuming full branch operations in Singapore on Thursday with the reopening of its remaning seven branches, concluding the final phase of its safe reopening branch plan amid the Covid-19 pandemic.

Hot stock: Wilmar sinks 10% after major shareholder reveals plans to cut stake

SHARES of agri-food giant Wilmar International fell 10 per cent on Thursday morning after one of its largest shareholders, Archer Daniels Midland (ADM), announced...

Singapore stocks open lower on Thursday; STI down 0.8%

SINGAPORE shares opened lower on Thursday, with the benchmark Straits Times Index (STI) falling 0.8 per cent or 21.31 points to 2,539.73 as at 9.07am. Losers outnumbered gainers 96 to 57, after 115.9 million securities worth S$139.7 million changed hands.

Soilbuild Construction injects additional S$9.4m into Myanmar business

MAINBOARD-LISTED Soilbuild Construction Group on Wednesday injected S$9.4 million of additional funding in wholly-owned subsidiary Soilbuild Construction International (SBCI), raising its investment in SCBI to S$9.5 million from S$100,000.

Sembcorp bags S$40m DBS loan facility for Tuas floating solar farm

SEMBCORP Industries has obtained a S$40 million loan facility from DBS Bank to build a 60 megawatt-peak (MWp) floating solar photovoltaic system on Tengeh Reservoir in Tuas.

GuocoLand to develop second condo, third retail cluster at Guoco Midtown mega project

GUOCOLAND is expanding its multi-billion-dollar integrated development on Beach Road, Guoco Midtown, to include a second luxury residential project named Midtown Modern.

Glove maker UG Healthcare proposes S$19.1m share placement

CATALIST-LISTED glove manufacturer UG Healthcare Corporation has proposed to place up to 7.5 million shares at S$2.545 apiece to raise a total sum of S$19.1 million.

Three pre-war shophouses in Little India for sale with S$7.5m guide price

THREE adjoining two-storey pre-war conservation shophouses at 4, 6 and 8 Belilios Lane are up for sale collectively with a guide price of S$7.5 million, exclusive marketing agent CBRE said on Wednesday.

Temasek's Fullerton Financial, BOC set up community bank to serve China's microenterprises

TEMASEK's wholly-owned subsidiary Fullerton Financial Holdings (FFH) and Bank of China (BOC) on Tuesday jointly established the Bank of China-Fullerton Community Bank Co (BOC-Fullerton) in Xiong'An New District in China's Hebei province.

Stocks to watch: OCBC, DBS, Singapore Airlines, SPH, UG Healthcare

THE following companies saw new developments that may affect trading of their securities on Wednesday:

UG Healthcare proposes placement of up to 7.5m shares to raise S$19.1m

CATALIST-LISTED glove manufacturer UG Healthcare Corporation has proposed to place up to 7.5 million shares at S$2.545 apiece to raise a total sum of S$19.1 million.

Sabana unitholders call on sponsor to sell stake in manager

A GROUP of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) unitholders is "urgently" seeking guidance and support from regulators to stop the "potential severe conflict of interest issues" that they say are resulting from ESR Cayman's controlling ownership of both...

Spackman Entertainment signs MOU to sell its 43.9% stake in talent agency

CATALIST-LISTED Spackman Entertainment Group on Tuesday entered into a non-binding memorandum of understanding (MOU) to sell its entire 43.9 per cent stake in entertainment talent agency Spackman Media Group to Spackman Equities Group for at least 27.9 million South Korean won (S$32.2 million...

StarHub offering some customers early trial access to 5G

STARHUB said it is giving customers on its new Mobile+ and Biz+ mobile plans early 5G access, starting Aug 18.

Olam to issue S$400m 4% senior unsecured notes due 2026

OLAM International will be issuing S$400 million worth of 4 per cent fixed rate senior unsecured notes due 2026 at par value, the agri-food giant said in a bourse filing on Tuesday.

Singapore stocks open higher on Tuesday; STI up 0.1%

SINGAPORE shares opened on slightly stronger ground on Tuesday, with the benchmark Straits Times Index (STI) rising 0.1 per cent or 1.5 points to 2,573.05 as at 9.08am. Gainers outnumbered losers 84 to 62, after 70 million securities worth S$71.9 million changed hands.

Sembcorp, PUB start construction of floating solar farm on Tengeh Reservoir

A WHOLLY-OWNED unit of Sembcorp Industries, Sembcorp Floating Solar Singapore, and Singapore's national water agency PUB on Tuesday announced the start of construction of a 60 megawatt-peak floating solar photovoltaic system on Tengeh Reservoir.

Sabana unitholders ask sponsor to sell stake in manager, seeking regulatory guidance

A GROUP of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) unitholders is "urgently" seeking guidance and support from regulators to stop the "potential severe conflict of interest issues" that they say are resulting from ESR Cayman's controlling ownership of both...

Keppel associate Floatel's bonds forbearance agreement extended to Aug 31

THE forbearance agreement between Floatel International and an ad-hoc committee (AHC) of holders of its US$400 million senior secured, first-lien 9 per cent bonds has been extended again, this time to Aug 31, from Aug 15.

Two adjoining plots at Jalan Lembah Kallang for sale at S$17m guide price

TWO adjoining plots of land - 1 and 3 Jalan Lembah Kallang - are up for sale with a guide price of S$8.5 million each or S$17 million for both, sole marketing agent Savills Singapore said on Monday.

CCCS clears Alstom's proposed acquisition of Bombardier's train business

THE Competition and Consumer Commission of Singapore (CCCS) on Friday cleared the proposed acquisition of Bombardier Transportation (Investment) UK by French transport infrastructure company Alstom.

Singapore Reinsurance proposes sale of its 85% stake in publishing unit for S$1.3m

SINGAPORE Reinsurance Corporation has proposed to sell its stake in subsidiary INS Communications, a publishing and conference organisation company, for S$1.3 million in cash, the mainboard listed company said in a bourse filing on Monday.

Small businesses in Asean prioritising tech investments for 2020: survey

TECHNOLOGY investments are the top investment priority for small businesses in South-east Asia this year. They are counting on technology to overcome the impact of the Covid-19 pandemic on their operations.

HOT STOCKS

iFast cites Bloomberg report after SGX query about its 13% share surge

SHARES of mainboard-listed iFast Corporation rose 13 per cent on Friday, prompting queries from the Singapore Exchange (SGX) about the "unusual" price movements.

Quarz, Black Crane to vote against Sabana-ESR merger

FUND managers Quarz Capital Management and Black Crane Capital said in an open letter on Friday that they intend to vote against the proposed merger of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) and ESR-Reit.