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Oil conundrums

Persistently low crude oil prices have hampered upstream and midstream activity. This has been worsened by the increasing emphasis on sustainability and decarbonisation. Will the oil industry remain in the doldrums?

Penny stock-linked Magnus Energy's past transactions under spotlight as dissenting minorities call for EGM

SINGAPORE (Nov 25): A group of minority shareholders of Magnus Energy shot down all the resolutions put forward at the recent annual general meeting on Oct 30. They ousted three of the directors and blocked the reappointment of the external auditor as well as the mandate to issue shares to raise funds or pay director's fees.

Why we bought shares of Boeing and building suppliers, and trimmed consumers

(Nov 25): The Global Portfolio did quite well over the past one week, rising 1.8% and outperforming the MSCI World Net Return Index’s 0.3% gain. US stocks continued to inch higher to fresh record highs. The current investing landscape is positive for stocks with strong consumption supported by rising wages and a tight labour market while the mone­tary policy remains accommodative, with inflation staying low.

Worries over slow global investment growth overamplified

(Nov 18): Will the slowdown in business investments derail the US economy? This has been one of the biggest worries for investors. Despite resilient GDP growth, many continue to fret over the imminent end of what is now the longest expansionary cycle on record.

As we mentioned last week, stronger than expected corporate earnings and righting of the US Treasury yield curve have gone some way to alleviate recessionary fears. As a result, stock prices rallied, to fresh record highs, despite misgivings.

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PMD ban puts dent in Singapore's car-lite ambitions

SINGAPORE (Nov 11): Love them or hate them, personal mobility devices (PMDs) have made their presence felt in Singapore. But with the introduction of a ban on their use on footpaths effective Nov 5, you will see less of these devices.

Starting January, PMD users caught riding on pavements will be fined up to $2,000 and may be jailed for up to three months. The ban by the Singapore Land Transport Autho­rity­ (LTA) restricts the use of PMDs to just park connector networks.

Steepening of the yield curve and high earnings yield

(Nov 11): US stocks reached fresh record highs last week, boosting sentiment for the rest of the world’s markets. Wall Street remains the best-performing equity market globally this year.

Notably, though, its rise has been dogged by investor scepticism every step of the way. Does the rally have legs or is it overdone?

In absolute price-to-earnings ratio (PER) valuation terms, the Standard & Poor’s 500 is currently trading at 17.2 times future earnings, which is above both the five-year (16.6 times) and 10-year (14.9 times) averages.

Singapore's next stage as a fintech hub; download your free pullout here

SINGAPORE (Nov 11): The Edge Singapore is honoured to be the official media partner of the Singapore FinTech Festival for the third consecutive year. SFF2018 was already the world’s largest fintech festival; SFFxSWITCH 2019 (Singapore Week of Innovation and TeCHnology) promises to be bigger and better. It will showcase use cases of exciting new technology such as blockchain/distributed ledger technology, artificial intelligence (AI) and new forms of data analytics.

Prudential aims to reinvent the insurance game with technology

SINGAPORE (Nov 11): Insurance company Prudential’s corporate mission is simple: Keep on innovating to help everyone live well.

So, when it comes to catering to the changing needs of older Singaporeans, the insurer’s chief commercial officer Goh Theng Kiat tells The Edge Singapore the company plans to take that creed to heart by helping “customers live better and manage [their] healthcare costs”.

Gone are the days of insurers collecting premiums and paying for treatment when a person falls ill.

iFAST eyes digital bank licence as it continues to challenge status quo

(Nov 11): In 2000, iFAST Corp started as an online unit trust distribution platform to disrupt the unit trust industry.

By leveraging the internet, the company’s popular fundsupermart.com was able to charge a cheaper service fee of 2.5%, compared with 5% offered by banks. Moreover, the platform enabled the company to provide information on the different unit trust products in the market, thus allowing investors to make better investment decisions.

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