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- March 9: PEC, Hyflux, ST Engineering, Gems TV
- March 10: OUE, Lian Beng, Aztech, Pteris Global
- Lippo takes control of Singapore’s OUE: Update
- STI up 0.8%; more upside as long as above 2,830, says SIAS
- Osim may triple massage-chair stores in China over five years
- STI gains 0.2% to 2,839.54 at closing
- GIC makes ‘fairly conservative’ investments, Minister Lim says
- Lian Beng bags $144m contract to build condo development at Dakota Crescent
- STI gains 0.2% to 2,839.01 at 9:20 a.m.
- Aztech wins contract to supply 180,000 units of 85Mbps HomPlug to North American satellite television provider
- STI gains 0.6% to 2,857.76 at 10:05 a.m.
The Daily Edge
SGX and STOXX reach agreement on licensing of the EURO STOXX 50 as underlying for Futures and Options on Futures contracts
Singapore Exchange (SGX) and STOXX, the global index provider and the creator of the leading European equity indices, today announced that they have reached a consensus on a licence agreement which will allow the SGX to list US-dollar denominated EURO STOXX 50 Index futures and options on futures. Subject to regulatory approval, the targeted launch date for the US-dollar denominated futures and...
National Stock Exchange of India and SGX to explore listing more India-linked products on SGX
National Stock Exchange of India Limited (NSE) and Singapore Exchange (SGX) have signed a Memorandum of Understanding (MOU) to cooperate in the development of a market for India-linked products. Under the MOU, both exchanges aim to explore future collaboration in the expansion, development and promotion of India-linked products and services to be listed on SGX.
UBS’s senior Asian investment banker resigns
UBS’s (UBSN.VX) joint head of equity capital markets and a 10-year veteran at the bank, Sutha Kandiah, has resigned, a source with knowledge of the move told Reuters on Wednesday. Kandiah, who was based in Singapore, oversaw multi-billion dollar equity deals in the region such as Malaysia’s Maxis’s (MXSC.KL) US$3.3 billion ($4.6 billion) IPO and share sale of Southeast Asia's...
Singapore Shipping Corporation buys car truck carrier
Singapore Shipping Corporation today announced the purchase of a pure car truck carrier, the MV Boheme from the Wallenius Group. Ow Chio Kiat, SSC’s Executive Chairman, says: “The MV Boheme, which ranks amongst the most modern and largest vessels in the global fleet of car-carriers, will be a good replacement for the much older and smaller car carrier that the group disposed of in...
Tiger Airways says Feb passengers up 90% y-o-y to 437,000
Tiger Airways Holdings says it saw continued strong growth across both its Singapore and Australia operations in February 2010. A total of 437,000 passengers flew with Tiger Airways in February 2010, a 90% increase over February 2009. Passenger numbers benefited from the addition of double daily services between Hong Kong and Singapore and strong demand during the Lunar New Year period, the Chinese...
Blog Heads
Bob Doll: Markets caught in crosscurrent
THE MILD SETBACK for US equities of late could be attributed to a combination of fierce winter storms in the northeastern US, ongoing concerns about economic growth and the prospects for hiring and some disappointing consumer- confidence figures. For the week ended Feb 26, the Dow Jones Industrial...
Why Hong Kong’s property market will stay frothier than Singapore’s
FOREIGN MONEY, escalating home prices, locals feeling priced out of the market, cooling measures. This isn’t just happening in Singapore, it’s also hitting Hong Kong. In both cases, a global economic upswing plus a loose monetary climate have triggered an inflow of money desperately looking...
Lim Yin Foong: The new face of British banking
IMAGINE A BANK that operates seven days a week, where you can open a bank account in 15 minutes and receive your credit card, debit card and chequebook immediately. Standard practice in Asia, you may say. It’s expected of our banks, you may add. Here in the UK, however, where consumers have...
Daryl Guppy: Crouching tiger hidden in China PMI
THE CHINESE PURCHASING Managers’ Index (PMI) was released last week and it just created confusion. There is no dispute that the PMI is down for February, but that fact does not help explain its significance. The official China National Bureau of Statistics PMI fell to 52% in February. That’s...
Week-Ahead Comments March 8: Markets fight back
The Straits Times Index advanced 16.23 points or 1.4%, during the week, closing last Friday at 2,790.29 points. Earlier in the day, Premier Wen Jiabao announced during his annual speech at the opening session of the National People’s Congress that China had set growth and inflation targets for...
