Singapore Wrap Tuesday

BlackRock CEO wary on rise in dollar, expects US rate hike from September

BlackRock chief executive Larry Fink on Tuesday said he expects the Federal Reserve to hike interest rates from September. But this will come amid the rapid rise in the US dollar, which will impact growth in the US economy. "It is our expectation that they are going to begin in September. They're certainly not going to do it in June," Mr Fink told participants at a Credit Suisse conference in Singapore.

Haite Group opens S$95.3m aviation training centre in Singapore

China-based Haite Group has launched a S$95.3 million aviation training centre in Changi Business Park.

Earnings

REC secures its first solar power purchase agreement deal in Singapore

Solar energy solutions provider REC has clinched a solar power purchase agreement (PPA) contract with Stolthaven Singapore, one of 20 bulk-liquid terminals operated by Stolt-Nielsen Limited, a provider of integrated transportation, storage and distribution solutions for chemicals and other bulk-liquid products.

Toyo-Thai aims for US$300m IPO of subsidiary in Singapore bourse

Thai construction firm Toyo-Thai Corp said on Tuesday it aimed to raise about US$300 million from listing its subsidiary Toyo Thai Power Holdings Pte Ltd on Singapore's stock exchange by the end of 2016.

Singapore: Penny rally shows signs of flagging

The penny-stock rally of the past fortnight at Singapore Exchange appears to be running out of steam, judging by Tuesday's trading session.