Singapore Wrap Monday

SGX names ex-BofAML banker Loh Boon Chye as next CEO

The Singapore Exchange (SGX) has named Loh Boon Chye, the former head of Bank of America Merrill Lynch's (BofAML) global markets in the Asia Pacific, as its next chief executive from July 14.

SGD down 1% following stronger than expected US jobs number

The Singapore dollar fell a sharp one per cent on Monday against the greenback following stronger than expected US monthly jobs number.

Singapore banks lure investors betting on Fed rate rise

Singaporean bank stocks are priced near the cheapest valuations in 16 months as the city's borrowing costs and loan volumes drop, presenting an opportunity to investors betting on a US interest-rate hike this year.

Spackman diversifies into production of Korean variety shows

Spackman Entertainment Group's associated company, Spackman Media Group (SMG), has acquired a majority stake in Delmedia - a Korean variety show production company - for 1.6 billion Korean won (S$1.94 million).

The STI Today

Singapore: External worries continue to weigh on STI

A soft session that ended with the Straits Times Index (STI) 13.34 points weaker at 3,320.33, low volume of 1.4 billion units worth S$1.01 billion, not much action in blue chips or penny stocks - some brokers rated Monday's trading in the local stock market about as exciting as watching grass grow.