Singapore shares rise at Tuesday's open; STI up 0.5% to 3,161.97

SINGAPORE stocks opened stronger on Tuesday, with the Straits Times Index heading up 0.50 per cent or 15.64 points to 3,161.97 as at 9.02am ahead of improvements in most regional markets and meetings by various central banks.

Mercurius issues 12m new shares worth S$1.2m to repay convertible loan

CATALIST-LISTED Mercurius Capital Investment has issued S$1.2 million worth of new shares to investors Hii Siew Chung and Cheah Bee Lin at a conversion price of S$0.10 apiece for 12.0 million new shares.

Condo buyers go for pricier, larger units in Q2

BIG ticket private homes seemed to be gaining popularity, with the proportion of both new and resale units priced above S$3 million seeing increases, according to a report released on Monday by real estate consultants Edmund Tie.

STARTUPS

Razer committing S$10m to boost Singapore gaming, e-sports

RAZER will be committing S$10 million in funding towards the Singapore gaming and e-sports scene over the next 12 months, its chief executive Tan Min-Liang said.

Razer to give S$10m boost to Singapore gaming, e-sports over next 12 months

RAZER will be committing S$10 million in funding towards the Singapore gaming and e-sports scene over the next 12 months, announced its chief executive Tan Min-Liang on Monday. 

Share of new condo units priced under S$1m falls to 24% of developer sales in Q2: report

UNIT prices of new condominiums in Singapore trended higher in the second quarter of this year, with the proportion of apartments priced under S$1 million falling to 24 per cent of new units sold, from 37 per cent in the first quarter, according to a report out on Monday.

Singapore shares rise at Monday's open; STI up 0.06% to 3,146.46

SINGAPORE stocks inched higher after the opening bell on Monday, with the Straits Times Index up 0.06 per cent or 1.98 points to 3,146.46 as at 9.02am, as markets in the region rose cautiously on hopes for government stimulus after a series of weak economic data. 

Singapore stocks: STI resumes Friday afternoon at 3,156.61, up 0.3% on day

SINGAPORE stocks edged up as trading resumed on Friday afternoon, with the Straits Times Index advancing 0.3 per cent or 9.55 points to 3,156.61 as at 1.02pm amid a rally seen in markets globally.

Far East Hospitality to open its first hotel in Japan ahead of Tokyo 2020

SINGAPORE hotelier Far East Hospitality (FEH) on Thursday said it is opening its first hotel in Japan in the second quarter of 2020, with an aim to do so before the 2020 Tokyo Olympics.

Ascott eyes millennials with its first co-living space lyf Funan

CAPITALAND business unit The Ascott has opened lyf Funan Singapore - its first co-living property spanning around 121,000 square feet (sq ft) in gross floor area.

E-sports firm Team Flash expands to Vietnam, raises US$1.5m in seed funding

SINGAPORE e-sports organisation Team Flash is looking at expansion after securing US$1.5 million in funding in its first seed round – with additional plans for brand sponsorships and a dedicated merchandising arm.

Singapore stocks: STI resumes Thursday afternoon at 3,147.11, up 0.53% on day

SINGAPORE stocks opened higher as trading resumed on Thursday afternoon, with the Straits Times Index advancing 0.53 per cent or 16.54 points to 3,147.11 as at 1.02pm, tracking rallies in Asian markets. 

Far East Hospitality to open its first hotel in Japan ahead of 2020 Tokyo Olympics

SINGAPORE hotelier Far East Hospitality (FEH) on Thursday said it is opening its first hotel in Japan in the second quarter of next year, aiming to do so before the 2020 Tokyo Olympics, it told The Business Times

Singapore-South Korea joint fund invests US$2.3m in Vietnam proptech platform Rever

THE GEC-KIP Technology and Innovation Fund (GEC-KIP Fund) has invested US$2.3 million into Rever, a Vietnam proptech platform.

Singapore shares up 0.56% to 3,148.12 at Thursday's open as fears ease over Hong Kong, Brexit

SINGAPORE stocks opened stronger on Thursday, with the Straits Times Index rising 0.56 per cent or 17.55 points to 3,148.12 as at 9.02am on easing worries over Hong Kong and a no-deal Brexit. 

Ascott eyes millennials with its first lyf co-living space at Funan

CAPITALAND business unit The Ascott has opened lyf Funan Singapore – its first co-living property spanning around 121,000 square feet (sq ft) in gross floor area.

Agricultural Bank of China’s Singapore branch gets US$200m green club loan facility

THE Agricultural Bank of China’s (ABC) Singapore branch has secured a US$200 million green loan, the first tranche of a US$465 million club loan facility.

Singapore shares decline at Tuesday's open; STI down 0.2% to 3,076.83

SINGAPORE stocks opened weaker on Tuesday, with the Straits Times Index heading down 0.2 per cent or 6.13 points to 3,076.83 as at 9.08am, as trade fears continued to weigh on global markets.

Stocks to watch: CSE Global, New Toyo, Metech

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

IRAS tax collection up 4.4% to S$52.4b in fiscal 2018/2019

THE Inland Revenue Authority of Singapore (IRAS) collected S$52.4 billion in tax revenue in the fiscal year 2018/2019, up 4.4 per cent from a year ago.

Keppel unit buys 2nd Haidian property in China's 'Silicon Valley'

KEPPEL Land China is buying another completed commercial property in Beijing's Haidian district through its acquisition of Beijing Shunxiangren Enterprise Management for around 178.6 million yuan (S$34.6 million).

99-year Chinatown conservation shophouse up for sale at S$8.5m

A THREE-STOREY conservation shophouse located at Chinatown is up for sale via expression of interest with an S$8.5 million indicative price.

Chinatown conservation shophouse up for sale with S$8.5m indicative price

A THREE-STOREY conservation shophouse located at Chinatown is up for sale via expression of interest with an S$8.5 million indicative price.

Singapore stocks: STI resumes Monday afternoon down 0.81% to 3,081.26

SINGAPORE stocks declined as trading resumed on Monday afternoon, with the Straits Times Index heading down 0.81 per cent or 25.26 points to 3,081.26 as at 1.01pm, in line with declines seen in other Asian markets amid US-China tariff kick-in. 

IRAS tax collection up 4.4% to S$52.4b in fiscal 2018/2019

THE Inland Revenue Authority of Singapore (IRAS) collected S$52.4 billion in tax revenue in the fiscal year 2018/2019, up 4.4 per cent from a year ago.