Markets & Investing
Half of Singapore's emerging affluent highly dependent on insufficient savings
Half of Singapore's emerging affluent highly dependent on insufficient savings
The move has proven inadequate as they remain far from financial goal.
SGX welcomes Phillip SING Income ETF
It has $68m initial assets under management (AUM).
STI plunges below 3,000 for first time since January 2017 amidst US tech equities sell-off
Growing concern over US consumer data privacy spooked investors.
M1's profit down 5.3% to $34.4m in Q3
Revenue from international call services dropped 20.7% to $9.8m.
Temasek upsizes retail bond offer to $300m
The $100m issue size increase brings the total offering to $500m.
Temasek's first retail bonds eight times oversubscribed
Valid applications for the bond totalled $1.68b.
Singtel invests $250m in African telco
It will be utilised for Airtel Africa's preparation for an intended IPO.
ICBC Singapore issues $250m offshore bonds
It was soon oversubscribed upon announcement.
Keppel's earnings revival remains distant as property and O&M arms take hit
The M1 acquisition and Keppel Capital's expansion into new assets may pressure cashflow.
Daily Briefing: Market slump fails to dent appeal of Singapore stocks; SIA unveils 'KrisConnect' API
And Infineon launched its first Co-Innovation Space for semiconductor solutions.
Singapore Fintech Festival lures $8.54b investments for ASEAN enterprises
Investment allocations were concentrated in fintech, healthcare, medical technology, and ICT sectors.
Singapore is eighth biggest recipient of FDIs in H1 with deals worth $48.23b
It fueled the 18% growth of SEA's FDI inflows to $100.59b.
Keppel profits dropped 14.9% to $225.67m in Q3
Earning per share fell 15% to $0.124.
Metro Holdings issues $150m notes at 4%
The notes will be issued on 25 October.
Daily Briefing: Finance minister says VCs will have ‘significant role' amidst age of distraction; Orchard Road revamp in the works
And St. Francis Court up for en bloc sale with owners expecting offers above $95m.
STI generates -7.4% total returns
Its 30 constituents averaged a total return of -9.6%.
Temasek to offer first retail bonds up to $400m
The proposed bonds will be open to retail investors for the first time.
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