DBS Bank

SIA uses further $1.1 bil from rights issue for operating expenses, ticket refunds and aircraft related payments - THE EDGE SINGAPORE

Aviation & Engineering

SIA uses further $1.1 bil from rights issue for operating expenses, ticket refunds and aircraft related payments

Singapore Airlines (SIA) says it has used a further $1.1 billion out of the $8.8 billion raised from its rights issue between Dec 14, 2020, to Feb 21.

DBS to offer free delivery of QR gift cards this CNY - THE EDGE SINGAPORE

Sustainability

DBS to offer free delivery of QR gift cards this CNY

DBS Bank is offering free delivery of its QR gift cards for customers this Chinese New Year.

Sustainability

Ascott Residence Trust obtains $50 mil green loan from DBS, becomes first hospitality trust in Singapore to do so

Ascott Residence Trust (ART) has obtained a $50 million five-year green loan from DBS Bank, making ART the first hospitality trust in Singapore to secure a green loan.

DBS maintains overweight on equities, offers ‘IDEAs’ for stronger 1Q2021 - THE EDGE SINGAPORE

Investing ideas

DBS maintains overweight on equities, offers 'IDEAs' for stronger 1Q2021

Buoyed by the slew of Covid-19 vaccines receiving accelerated regulatory approval, the new year is shaping up to be a positive one.

Mortgaged Ezion vessel sold for $29.2 mil to repay bank loans - THE EDGE SINGAPORE

Company in the news

Mortgaged Ezion vessel sold for $29.2 mil to repay bank loans

Ezion Holdings’ wholly owned subsidiary Teras Fortress 2 (TF2PL) has disposed of a liftboat to Virgo Shipping for a cash consideration of US$22 million ($29.2 million).

Xero's cloud accounting platform helps SMEs track their finances - THE EDGE SINGAPORE

Positioning for the recovery

Xero's cloud accounting platform helps SMEs track their finances

Cash flow problems are the number one reason why SMEs fail. Having true visibility over cash flow data is hugely advantageous for businesses trying to determine their financial health.

Urban Commons tries to win investors' trust after defaulting while SCCPRE awaits EGM vote on Dec 30 - THE EDGE SINGAPORE

REITs

Urban Commons tries to win investors' trust after defaulting while SCCPRE awaits EGM vote on Dec 30

On Dec 22, Urban Commons, the erstwhile sponsor of Eagle Hospitality Trust (EHT), said through a press release that a substantial amount of EHT’s cash of around US$25 million “has been spent on pro

SIA to use $0.9 bil from rights issue for ticket refunds, ongoing operating expenses and debt service - THE EDGE SINGAPORE

Aviation & Engineering

SIA to use $0.9 bil from rights issue for ticket refunds, ongoing operating expenses and debt service

Singapore Airlines (SIA) says it will be using a further $0.9 billion out of the $8.8 billion raised from its rights issue.

DBS launches “world’s first” full-service digital exchange backed by a formal bank - THE EDGE SINGAPORE

Cryptocurrency

DBS launches “world’s first” full-service digital exchange backed by a formal bank

Long considered the “wild west” of finance, it seems that digital assets are a step closer towards mainstream recognition.

Sentiment on Singapore banks 'slowly improving': PhillipCapital - THE EDGE SINGAPORE

Broker's Calls

Sentiment on Singapore banks 'slowly improving': PhillipCapital

Although the banks’ interest rates in November were at their lowest since 2014, sentiment towards the sector here is slowly improving, notes PhillipCapital analyst Tay Wee Kuang in a Dec

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