Singapore Wrap Friday

Noble Group purchases 0.37% of shares in buyback

Singapore-listed Noble Group Ltd said on Friday it had purchased 25 million of its own shares on the previous day, or about 0.37 per cent of its issued shares.

Pace of Asean financial integration 'disappointing': MAS's Menon

The pace of financial integration in South-east Asia is "disappointing", but policymakers are intent on speeding things up, Monetary Authority of Singapore managing director Ravi Menon said on Friday.

Partnership opportunities for Singapore companies seen in Thailand: IE

Thailand, with its sizeable population of 67 million and an upper-middle income economy, offers attractive investment opportunities for Singapore companies despite its challenges, IE Singapore said on Friday.

Enhanced Lease Buyback Scheme 'well-received': Khaw

The latest enhancements to the Lease Buyback Scheme (LBS), which took effect from April 2015, have been "well-received", said National Development Minister Khaw Boon Wan on Friday in a blog entry.

Temasek to buy Intel Cap's stake in Policybazaar: report

Singapore sovereign fund Temasek is picking up close to an 8 per cent stake of Intel Capital, the investment arm of tech major Intel, in insurance web aggregator Policybazaar.com for around Rs 110 crore, The Times of India reported.

The STI Today

Singapore: Banks help STI bounce off 5-month low

The Straits Times Index (STI) slumped to a five-month low this week when it closed at 3,295 on Tuesday, before a three-day rebound that included a 6.18- point rise on Friday took it to 3,353.85. The initial impetus for that bounce came from news that MSCI has postponed including China 'A' shares in its emerging markets index, which meant Singapore's weighting will not be cut - yet.