Markets & Investing
Simon Says: I'm buying my stock, you should too
Simon Says: I'm buying my stock, you should too
SC global CEO Simon Cheong spent $3 mn buying up shares in his own company last week.
Maybank appoints Nomura as RHB bid adviser
Nomura advised on Maybank's $1.4 billion bid for Singapore's stock broker Kim Eng earlier this year, according to Reuters.
OCBC beats UOB in Indonesia expansion
OCBC's Indonesia loans exceed UOB's by a close 0.4%.
China's services PMI reach 7-month high
The country’s services PMI rose by 2.7 points in May due to profits from new business inflows.
SGX vetoes voting by show of hands
Mandatory voting by poll proposal for meetings in Singapore.
Asian currencies move towards CNY
And this has kept Asian currencies resilient in the face of recent EUR weakness, according to HSBC.
“Planking” market hits small mid caps
Singapore mid-cap and small-cap indices tumbled 1.5% and 4.0% respectively in the past one month, says DBS.
“Keep markets open” ICC urges G20 leaders
Protectionist measures amounted to $1.6 trillion, or 10% of all world trade in 2008 alone, according to Global Trade Alert.
Manulife Singapore records growth; opens new customer centre
The company's weighted premium increased by 8% in Q1 2011 and 36% in Q4 2010, bringing home a total weighted sales of about $20million.
SingPost acquires 30% of DataPost shares
This latest transaction leaves DataPost at a $20m value, close to its NTA of about $19.5m as on 31 Mar 2011, says OCBC.
SGX seeks views on changes to opening and closing routines
Proposes to publish real-time IEP throughout the pre-open and pre-close phases and randomise end of the pre-close phase for a varying duration...
Singapore's $217bn dollar win
Foreign investment in Singapore surged 41% from 2005 to 2009 to total $533 billion by 2009.
Guess who are Singapore’s top foreign investors now?
The UK has slipped from first to fourth place since 2005, and you will never guess who is now the most invested in Singapore.
Singapore's manufacturing output falls 16.3% in April
A drop in pharmaceutical production has caused the country's manufacturing output to fall 16.3% in April 2011 on a month -to-month basis.
Singaporean insurers worry about new regulations
New rules on solvency and market rank first in insurers' major concern, according to a survey by Centre for the Study of Financial Innovation and PwC...
SGX to clear Asian FX forwards from September
SGX has cleared nearly US$80 billion notional of Interest Rate Swaps since 2010, and is now entering the FX business.
SGX cuts trading costs
Singapore Exchange has reduced the minimum bid size for securities and expects to see a tightening of bid-ask spreads by as much as 80%.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape