December 2020

SGX total securities market value climbs 21% y-o-y in December to $24.4 bil - THE EDGE SINGAPORE

Markets

SGX total securities market value climbs 21% y-o-y in December to $24.4 bil

The total securities market value for the month of December 2020 came in at $24.39 billion over 22 trading days, according to Singapore Exchange’s (SGX) monthly market statistics report released at

Aviation

SIA says its total passenger capacity is expected to be at around 25% pre-Covid-19 levels in end-March 2021

Despite the gradual return of the demand for air travel, the Singapore Airlines Group (SIA) reported that its group passenger capacity remained down with an 81.3% contraction y-o-y for the month of

Starburst unit wins $7.9 mil contract to build Middle East training facility - THE EDGE SINGAPORE

Company in the news

Starburst unit wins $7.9 mil contract to build Middle East training facility

Starburst Holdings’ wholly owned subsidiary Starburst Engineering has clinched a contract worth about $7.9 million.

Olam International acquires 51% stake in Togo's state-owned cotton company for $24.4 mil - THE EDGE SINGAPORE

M&A

Olam International acquires 51% stake in Togo's state-owned cotton company for $24.4 mil

Olam International has acquired a 51.0% interest in Togo’s state-owned cotton company, Nouvelle Société Cotonnière du Togo (NSCT or the JV), for a consideration of EUR15.3 million ($24.4 million).

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