Latest News

Singapore authorities block New Noble listing
SINGAPORE (Dec 10): The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have barred Noble Group from transferring its listing status to New Noble as part of its restructuring process. This comes after a “careful review” of the findings to-date from the ongoing investigations into the commodities trader and its Singapore-incorporated subsidiary Noble ...
Balancing profit and motive
SINGAPORE (Dec 10): On Dec 5, the UK government published a trove of internal Facebook emails and other documents that suggested the social media platform sought to trade users’ data with advertisers, or wield it for strategic advantage with third-party applications. Facebook has been under increasing scrutiny amid privacy concerns, and the backlash to the news was to be expected. In its ...
Singtel's Dash expands payment capabilities to international frontiers with Visa & Apple Pay
SINGAPORE (Dec 10): Singtel’s all-in-one mobile payments app, Dash, has expanded its payment capabilities to include international mobile payments via Apple Pay. This means Apple device users may also use Dash as a payment method on Apple Pay, making it the first non-bank mobile wallet in Singapore on Apple’s secure and private payments system. Main image, photo courtesy of Singtel: ...
Najib arrested for tampering of 1MDB report
SINGAPORE (Dec 10): Malaysia’s ex-prime minister, Najib Razak, has been arrested yet again by the Malaysian Anti-Corruption Commission (MACC). But this time, over the “tampering” of the 1Malaysia Development Berhad (1MDB) final audit report. Najib arrived at the MACC headquarters earlier today at 10.40am, apparently to assist in investigations regarding the above allegations. He was ...
Japan's SoftBank prices IPO, to raise $32.2 bil with overallotment
(Dec 10): SoftBank Corp priced its initial public offering (IPO) at 1,500 yen per share and will sell an extra 160 million shares to meet strong demand, a regulatory filing showed, raising 2.65 trillion yen ($32.21 billion) in Japan's biggest-ever IPO. That makes the share sale one of the largest of all time globally, just shy of the record US$25 billion that Chinese e-commerce firm Alibaba ...
ST Telemedia to build largest Singapore facility in Loyang costing $350 mil
SINGAPORE (Dec 10): ST Telemedia Global Data Centres (STT GDC) is beginning construction at the more than $350 million STT Loyang, their largest data centre facility in Singapore to date, and the group’s seventh facility locally. STT Loyang will boast an IT load capacity of 35MW and its construction will begin in early 2019 on the five-story facility at Loyang Way, with Gross Floor Area ...
Centurion raises $70 mil at first closing of global student accommodation fund
SINGAPORE (Dec 10): Centurion Corporation's second student accommodation fund, the Centurion Student Accommodation Fund, achieved an aggregate committed capital of $70 million at its first closing. The committed capital of $70 million comprises a committed capital of $10 million by Centurion Overseas Investment, a wholly-owned subsidiary of Centurion, as well as a committed capital of $60 ...
Wilmar kept at 'buy' by RHB on diversified portfolio and downstream exposure
SINGAPORE (Dec 10): RHB Research expects top pick Wilmar to continue to outperform its peers in the plantation sector in FY19F given its diversified portfolio and downstream exposure should enable the group to mitigate the fall in CPO prices. As Wilmar’s processing and merchandising capacity for palm oil is far larger than its plantation output, RHB believes the lower earnings from ...
Parkson and the conundrum of Singapore-listed Parkson Retail Asia
KUALA LUMPUR (Dec 10): Last week, department store operator Parkson Holdings Bhd saw its Singapore-listed 67.96%-owned subsidiary Parkson Retail Asia (PRA) placed on the exchange's watch list after triggering the minimum trading price (MTP) entry criteria. The MTP is a continuing listing requirement that took effect from March 2, 2015 for all Singapore Exchange (SGX) Mainboard ...
An unexciting 2019 ahead for Bumitama Agri
SINGAPORE (Dec 10): RHB Research is downgrading its recommendation on Bumitama Agri to “neutral” from “buy” with a lowered target price of 60 cents from 80 cents previously. This came on the back of possible unexciting crude palm oil (CPO) prices in 2019, while downside risks are limited from hereon, as demand is picking up and inventory should start moderating in 1Q19. In a Monday ...