UOB's value chain financing posts twofold growth in H1 2020

UOB on Monday said it has seen a twofold increase in the number of construction firms obtaining loans under value chain financing (VCF) in the first six months of the year, as compared with the end of 2019.

Keppel O&M, EMA award grant for Singapore's first floating energy storage system

KEPPEL Offshore & Marine (Keppel O&M) and the Energy Market Authority (EMA) have jointly awarded a research grant to pilot Singapore's first floating Energy Storage System (ESS).

ARA Logos to buy Australia properties and invest in sponsor's funds for S$404.4m

ARA LOGOS Logistics Trust (ALog) has proposed to fork out S$404.4 million in total, to buy five properties in Australia from ventures managed by its sponsor, Logos Property Group, as well as invest in two of the sponsor's funds.

Stocks to watch: Keppel, Oxley, Top Glove, GL, Q&M Dental

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

ST Engineering, Montran sign MOU to digitalise payments and settlements systems

ST ENGINEERING on Friday said it has signed a memorandum of understanding (MOU) with Montran Corporation focusing on the "digitalisation of critical payments and securities settlement systems" in the Asia-Pacific region.

First Reit's Indonesia unit asks to restructure master lease agreements

THE manager of First Real Estate Investment Trust (First Reit) on Thursday said it has received a request from its Indonesian subsidiary, Metropolis Propertindo Utama (MPU), for the restructuring of existing master lease agreements, additional rental relief for the second half of the year, as...

Stocks to watch: Mapletree Commercial Trust, iFast, Straits Trading, Chip Eng Seng

THE following companies saw new developments that may affect trading of their shares on Friday:

Straits Trading prices S$200m five-year notes at 3.75%

PROPERTY firm The Straits Trading Company will issue at par S$200 million worth of notes maturing on Oct 29, 2025.

CMT's DPU up 1.3% to 3.1 cents as funds retained in H1 are released for distribution

CAPITALAND Mall Trust's (CMT) distribution per unit rose 1.3 per cent to 3.1 Singapore cents for its third quarter ended Sept 30, from 3.06 cents a year ago.

Energy storage systems installed in Singapore to support solar deployment

THE Energy Market Authority (EMA) on Thursday said it has partnered industry stakeholders, the research community and other government agencies to co-create Energy Storage System (ESS) solutions that will help support the growth of solar deployment in Singapore.

Singapore shares slip at Thursday's open after weak lead from US; STI down 0.4%

SINGAPORE stocks started Thursday on a softer note, after a lacklustre lead from Wall Street as investors mull the odds of a US stimulus deal by the end of the week.

CapitaLand Mall Trust posts Q3 DPU of 3.1 S cents

CAPITALAND Mall Trust's (CMT) distribution per unit rose 1.3 per cent to 3.1 Singapore cents for its third quarter ended Sept 30, from 3.06 cents a year ago.

CCT Q3 DPU falls 9.1% to S$0.02; expected to delist on Nov 3

CAPITALAND Commercial Trust (CCT) on Wednesday posted a 9.1 per cent fall in its third-quarter distribution per unit (DPU) to two Singapore cents, from 2.2 Singapore cents a year earlier.

Mastercard, MatchMove, Idemia to pilot fingerprint biometric card in Asia

MASTERCARD, Singapore fintech MatchMove and tech company Idemia are working together to develop a card that will allow fingerprint authorisation at in-store payment terminals in Asia, in a bid to enhance the safety and security of contactless transactions.


Singapore is frontrunner on sustainable infrastructure investment: HSBC survey

SUSTAINABILITY is fast gaining traction in Singapore's capital markets, with the Republic's investors and issuers among the world's most enthusiastic about sustainable infrastructure investment, according to a recent survey by HSBC.

Keppel Capital gets first closing of US$295m for Alpha Asia Macro Trends Fund IV

KEPPEL Corp's asset management arm Keppel Capital on Wednesday said it has launched the Alpha Asia Macro Trends Fund IV (AAMTF IV) with a target fund size of US$1 billion and achieved its first closing of US$295 million, including co-investment.

DBS launches solution for businesses to track cross-border collections in real time

DBS has launched a solution for corporate clients in Singapore and Hong Kong to track cross-border collections in real time, providing them with greater digital convenience.

CapitaLand Commercial Trust Q3 DPU falls 9.1% to S$0.02

CAPITALAND Commercial Trust's (CCT) distribution per unit (DPU) fell by 9.1 per cent to two Singapore cents for its third quarter ended Sept 30, from 2.20 Singapore cents a year ago.

Consortium to build plant-based protein facility in Singapore

A FOOD production company which makes JUST Egg, an egg substitute from mung beans, has tied up with a consortium to build and run a plant-protein production facility in Singapore.

Eat Just, Proterra Asia to invest up to US$120m on plant-based protein facility in Singapore

FOOD production company Eat Just - known for its plant-based egg product, JUST Egg - has tied up with a consortium led by Proterra Investment Partners Asia to build and operate a plant protein production facility in Singapore.

Sembcorp Industries obtains S$100m SORA-based loan from OCBC

OCBC on Tuesday said it has extended a three-year S$100 million corporate loan referencing the Singapore Overnight Rate Average (SORA) to Sembcorp Financial Services, a wholly-owned subsidiary of Sembcorp Industries (SCI).

Cromwell E-Reit unit establishes 1.5b euro medium-term note programme

CROMWELL European Real Estate Investment Trust's (Cromwell E-Reit) subsidiary, Cromwell E-Reit Lux Finco Sàrl, has established a 1.5 billion euro (S$2.4 billion) medium-term note (EMTN) programme and entered into a 135 million euro unsecured revolving credit facility, its manager announced on...

SingPost to buy stake in Australia fourth-party logistics service firm for A$85m

POSTAL service provider Singapore Post (SingPost) is looking to buy a 38 per cent stake in Freight Management Holdings (FMH), a fourth-party logistics (4PL) service company incorporated in Victoria, Australia for A$85 million (S$84.1 million) in cash.

Singapura Finance to invest US$3m in MatchMove's digital bank unit

FINANCE company Singapura Finance is investing US$3 million in MatchMove PowerBank (S) Pte Ltd (Power-Bank), a wholly owned subsidiary of homegrown digital payments start-up, MatchMove Pay.

Maybank Kim Eng stays negative on Singapore banks

MAYBANK Kim Eng (MKE) has maintained its negative outlook on Singapore banks for the third quarter this year, saying it expects net interest margins (NIMs) to remain weak ahead of Q3 trading updates by the trio of local lenders in early November.