A US$41 billion flash crash in Singapore gives traders a fright

SINGAPORE (Jan 25): What was shaping up to be a ho-hum market open in Singapore suddenly became the most dramatic session in years, with a haphazard spree of sell orders causing a US$41 billion ($55.8 billion) crash in the city’s biggest stock.

Chew's Group swings into 1H losses after disposal of subsidiaries

SINGAPORE (May 7): Chew’s Group reversed into losses of $0.1 million for 1H18 comapred with earnings of $1.7 million in 1H17.

This follows the completion of the disposal of its four subsidiaries: Chew’s Agriculture, Chew’s Engineering Services, Chew’s Group Investment and Chew’s Group Marketing.

In March, Chew's signed an agreement to sell them to Malaysia's Huat Lai Resources for $11 million in cash.

iFAST trading platform offers limited-time $10 flat fee to local investors

SINGAPORE (Apr 16): iFAST Corp’s, is offering a $10 flat fee to all investors trading SGX-listed stocks and exchange-traded funds (ETFs) on its platform, from Monday till May 31.

The flat fee excludes Central Depository (CDP) clearing fees and SGX trading fees, and does not include prevailing GST charges.

For non-SGD transactions on SGX-listed stocks and ETFs, the following minimum charges will apply: USD 10, AUD 10, EUR 10, GBP 10, CNY 50, HKD 50, JPY 800.

Sasseur REIT says public tranche over 3.7 times subscribed

SINGAPORE (Mar 28): The manager of Sasseur REIT says the public tranche of its initial public offering (IPO) was over 3.7 times subscribed.

At the close of the public tranche at 12 noon on Monday, valid applications for an aggregate of 51.4 million units were received.

Sasseur REIT's IPO comprised an international placement of 252.8 million units which included a placement tranche of 51.4 million units; a public tranche of 13.75 million units and commitments from 12 cornerstone investors who subscribed for an aggregate 228.4 million units.

SGX shares opens near 7% lower on Nifty futures exit news

SINGAPORE (Feb 12): Shares in Singapore Exchange (SGX) opened at $7.40 -- nearly 7% lower than its Friday closing price of $7.89 -- following news that the Indian stock exchanges are intending to restrict the usage of Indian indices and market data by foreign exchanges, indices and data providers.   

The move will prevent SGX from continuing to offer derivatives based on India’s benchmark Nifty 50.

Singapore Exchange seeks to defuse tensions over National Stock Exchange of India in futures dispute

SINGAPORE (Feb 12): Singapore Exchange extended an olive branch to its counterpart in India as it sought to defuse escalating tensions that threaten to kill an 18-year licensing partnership.

SGX will work with the National Stock Exchange of India “toward solutions for global investors,” according to a statement on Sunday. It also noted that the two companies’ partnership goes back to 2000 and that they had collaborated “to develop and internationalize India’s capital markets.”

3 reasons why US firms are taking longer to go public

SINGAPORE (Jan 9): It was an encouraging 2017 for the S&P 500, booking a full year of monthly total gains for the first time ever. But the elephant in the room still remains about the shrinking pool US companies going public.

According to data from Dealogic in a Dec 2017 report, the past year had been a record one for US-listed IPO volume and activity since 2014 – with issuance on the US exchanges totaling US$47.8 billion ($63.6 billion) via 179 IPOs.

World's biggest pension fund says AI will replace asset managers

TOKYO (Dec 15): Hiromichi Mizuno was named chief investment officer of Japan’s Government Pension Investment Fund, the world’s biggest manager of retirement savings, in 2014. He has since led a push to increase equity holdings and advocated for incorporating ESG, or environmental, social and governance, factors into investing.

Question: What are the biggest changes in the investment world you see coming in the next five to 10 years?

Deutsche Bank says Japan's retail investors are behind bitcoin's surge

NEW YORK (Dec 15): It’s not drug dealers and tax cheats, it’s Mrs. Watanabe.

That term is often used to describe the individual Japanese investor, traditionally a housewife who runs her family’s finances. And that’s who behind the surge in bitcoin, according to a Deutsche Bank AG note Thursday.

“We think that retail investors are shifting from leveraged foreign-exchange trading to leveraged cryptocurrency trading,” analysts led by Masao Muraki wrote.

SGX seeks public feedback on proposed changes to securities trading & market practices

SINGAPORE (Oct 10): The Singapore Exchange (SGX) is seeking public feedback on a raft of proposed changes to its rules on securities trading and market practices.

This will be conducted via a public consultation which will remain open until 7 Nov.

See: Consultation paper on proposed changes to the SGX-ST Rules and other rulebooks

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