Boustead Singapore wins $100 mil contract for European infrastructure development

SINGAPORE (Aug 22): Boustead International Heaters (BIH) has secured a $100 million contract for a major energy infrastructure development in Europe.

The contract involves the design, engineering and supply of waste heat recovery units in the oil and gas industries.

BIH is the largest subsidiary in the energy-related engineering division of SGX mainboard-listed Boustead Singapore.

With the latest contract, Boustead Singapore’s order book backlog has been raised to $823 million.

Global investor risk appetite wanes amid supply chain disruption, Brexit uncertainties: State Street

SINGAPORE (Aug 1): Investors across North America, Europe and Asia Pacific are showing a waning appetite for risk, according to State Street Corporation’s Investor Confidence Index (ICI) for July.

Global ICI fell 2.4 points to 84.9 in July, compared to June’s revised reading of 87.3.

The index measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.

Netflix plunges after biggest stumble in streaming era

(July 22): Netflix shocked investors by reporting a drop in US customers and much slower growth overseas, raising fears that the streaming giant is losing momentum just as competitors prepare to pounce.

The shares plunged 11% to about US$323 in pre-market US trading after Netflix reported the loss of 130,000 customers in the US — the result of higher prices and a weak slate of TV shows. It signed up 2.8 million subscribers internationally in the period, roughly half what the company predicted.


State Street's investor confidence index up 8.2 points to 87.6 as central banks turn dovish

SINGAPORE (June 27): The State Street Investor Confidence Index (ICI) has increased to 87.6, up 8.2 points from May’s revised reading of 79.4 – a reflection of how investors across all regions investors across all regions have an improved appetite for risk.

Keppel Data Centres buys into Luxembourg startup with $22 mil investment

SINGAPORE (June 3): Keppel Data Centres has invested €14 million ($21.5 million) in the Series C funding of Etix Group S.A. (Etix), giving it a minority stake in the Luxembourg-based data centre developer and provider of data centre colocation services.  

Etix leverages prefabricated data centre modules for quick data centre deployment and has built up a network of 12 edge and high-performance computing data centres across Europe, Africa, Latin America and Southeast Asia.

Singapore wins Asia's talent battle, but is trounced by Europe

SINGAPORE (Nov 20): Switzerland once again clinched the top spot in a global survey on fostering and attracting talent, in a top 10 list that includes Canada but not the US, and no Asian nations.

The country retained its title for the fifth consecutive year on the World Talent Ranking report published by IMD Business School, a result of its strong emphasis on skills training and education. Denmark and Norway were ranked second and third respectively in the poll, which was dominated by European countries.

Singapore added to Credit Suisse's preferred markets as 'the place to be' for equity investors

SINGAPORE (July 10): Credit Suisse says the Singapore market is the “place to be” for investors given it is trading at favourable valuations, offers a blend of cyclical exposure and is a beneficiary of higher interest rates.

At present, the Singapore market has a 12-month forward P/E ratio of 12.4 times which is below the 10-year average of 13.3 times, thanks to the recent pullback.

“Rising interest rates and higher oil prices are driving a rebound in earnings growth (15% in 2018),” notes Credit Suisse in a media statement on Monday.

Trade war won't be full blown; stay overweight on US, says DBS

SINGAPORE (July 2): Worries over trade tensions between the US versus China and Europe may have rattled markets in recent months, but DBS believes that a protracted, full-blown war is not likely to happen.

“End of the day, this will be resolved, it will not be full blown. Everyone recognises the costs,” says the bank’s chief investment officer Hou Wey Fook (photo).

Singapore is still Asia's top ranked city for quality of living but where's the improvement?

SINGAPORE (Mar 20): Singapore has once again bagged the title of Asia’s highest ranked city in terms of quality of living over the past 12 months, based on findings from Mercer’s 20th edition of its Quality of Living survey.

At the 25th place globally, the city state stayed ahead of other premier business centres in Asia such as Tokyo (50th) and Hong Kong (71st) – but remains behind its European peers Vienna, which tops the ranking for the ninth year running, and Zurich at second place.

GLP gets green light to issue onshore Belt & Road bonds in China

SINGAPORE (Jan 5): Global Logistic Properties (GLP) has received approval from the China Securities Regulatory Commission (CSRC) to issue up to RMB 12 billion ($2.46 billion) of RMB-denominated ‘Belt & Road’ (B&R) bonds on the Shenzhen Stock Exchange.

B&R bonds are used to finance projects related to China’s One Belt One Road (OBOR) initiative, which seeks to connect Asia and Europe over land and sea.

In a Friday announcement, GLP says it plans to issue the bonds in multiple tranches, depending on its financing needs and market conditions.

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