GE2020

PAP retains Ang Mo Kio with 71.91% of votes

The People's Action Party (PAP) has won Ang Mo Kio group representation constituency with 71.91 per cent of votes.

GE2020: PAP's Yip Hon Weng wins in Yio Chu Kang SMC with 60.83% of votes

The People's Action Party's (PAP) Yip Hon Weng won with 60.83 per cent of the vote in the Yio Chu Kang single member constituency (SMC), against the Progress Singapore Party's Kayla Low.

GE2020: PM Lee's Ang Mo Kio GRC team defeats RP with 71.91% of votes

The People’s Action Party (PAP) has retained Ang Mo Kio GRC with 71.91 per cent of the valid votes at the General Election (GE).

BEYOND COVID-19: HOTEL RECOVERY

Hotels target staycations, as every bit helps

HOTELS in Singapore are rolling out promotions for locals looking for a staycation, and are confident of interest among locals for a holiday away from home.

SBI Offshore appoints ousted chairman as interim CEO to keep RTO process going

CATALIST-LISTED SBI Offshore on Saturday reiterated reasons for why the nominating committee (NC) had decided to appoint Mirzan bin Mahathir as interim CEO, a mere three days after the annual general meeting where Mr Mirzan was not re-elected to the board.

Hoe Leong: Re-appointment of Joseph Liew is in company's and shareholders' interests due to ongoing restructuring

THE board of Hoe Leong Corporation on Saturday clarified that the re-appointment of Liew Yoke Pheng, Joseph as executive director on June 26 was “in the interest of the company and shareholders”, given that the company is currently undergoing a restructuring process.

Analysts bullish on FCT as it ups stake in PGIM Real Estate AsiaRetail Fund

ANALYSTS are optimistic on Frasers Centrepoint Trust (FCT), believing that the suburban retail Reit's acquisition of an additional 12.07 per cent in PGIM Real Estate AsiaRetail Fund (ARF) will bring it closer to acquiring the assets held under the fund.

GE2020

NCMP scheme ensures 'significant opposition presence' whatever election outcome: PM Lee

WITH the expanded Non-Constituency MP (NCMP) system in place, there's no possibility of the opposition being shut out of Parliament, said Prime Minister Lee Hsien Loong on Tuesday.

GE2020: RP gives way to PSP to avoid three-cornered fight in Yio Chu Kang SMC

THE Reform Party (RP) has given way to allow the Progress Singapore Party (PSP) to contest against the People's Action Party (PAP) in the new Yio Chu Kang SMC, thus avoiding a three-cornered fight.

GE2020: PM Lee's PAP Ang Mo Kio team faces Reform Party challenge again

PRIME Minister Lee Hsien Loong and the rest of his five-member People’s Action Party (PAP) team in Ang Mo Kio GRC will face another contest from the Reform Party (RP) in the July 10 General Election (GE).

Phillip Securities to buy RHB's Singapore stockbroking business

IN CONTINUED consolidation within the stockbroking industry, Phillip Securities is buying RHB Investment Bank Berhad's (RHBIB) Singapore stockbroking business in RHB Securities Singapore (RHBSS) for an undisclosed sum.

HOCK LOCK SIEW

Darco shareholders right to let offer lapse; should push for more accountability

DARCO's deputy chairman Wang Zhi needed shareholders representing just a little over 5 per cent of the company's holdings to take up his offer to buy their shares. He was able to get acceptances of only 3.9 per cent, which suggests minorities weren't convinced by the chairman's recommendation...

STOCKS

Straits Times Index finishes the week down 1.15%

THE Straits Times Index (STI) rose 14.36 points or 0.55 per cent to finish at 2,604.51 on Friday, but ended the week 1.15 per cent lower than a week ago as the benchmark index see-sawed through a series of election news and continued fears of a second wave of the Covid-19 pandemic.

STI finishes the week down 1.15%

THE Straits Times Index (STI) rose 14.36 points or 0.55 per cent to finish at 2,604.51 on Friday, ending the week 1.15 per cent lower than a week ago, as the benchmark index see-sawed through a series of election news and continued fears of a second wave of the Covid-19 virus.

STOCKS

Property counters take a beating amid STI, regional markets' retreat

LOCAL shares fell alongside regional markets on Thursday, following a weaker overnight session in the US. Sentiment took a hit from fears of a novel coronavirus resurgence, and the Philippine central bank unexpectedly cut its benchmark interest rate to a new low to support its domestic economy...

ARA Logos Logistics Trust eyes sponsor's portfolio for growth

ARA LOGOS Logistics Trust has high hopes of growing its portfolio through asset acquisitions from its new sponsor, Logos, which has about about six million sqm of logistics space in Asia-Pacific, across China, India, Australia, New Zealand and South-east Asia.

STI falls 1.46% in line with regional markets

LOCAL shares fell alongside regional markets on Thursday on fears of a resurgence of the virus, as the Philippine central bank unexpectedly cut its benchmark interest rate to a new low to support the domestic economy ravaged by Covid-19.

Temasek-backed fund leads US$26m investment in Myanmar's ISP

TEMASEK-backed Ascent Myanmar Growth Fund I (AMGF) on Wednesday announced that it will lead a US$26 million minority investment in Myanmar's leading Internet service provider, Frontiir, although it declined to name its other investors.

STOCKS

STI dips 0.24% on fears over Covid-19 second wave

THE Straits Times Index (STI) dipped 6.3 points or 0.24 per cent to 2,628.62 on Wednesday, as Covid-19 community cases rose to seven in Singapore, and Tokyo saw a resurgence of 55 new cases from nightlife destinations and employees working in the same location, sparking fears of a second wave....

Suntec launches livestream shopping to lure customers back to malls

SUNTEC City on Tuesday evening launched what it says is Singapore's first-ever livestreaming shopping festival, taking a leaf from the rising popularity of the livestream shopping trend in China.

STI dips on second-wave fears

THE Straits Times Index (STI) dipped 6.3 points or 0.24 per cent to 2,628.62 on Wednesday, as Covid-19 community cases rose to seven in Singapore; in Tokyo, there was a resurgence of 55 new cases from nightlife destinations and employees working in the same location, sparking fears of a second...

STOCKS

STI claws back early losses on election news, ends 0.2% higher

THE Straits Times Index (STI) clawed back early losses to finish 5.23 points or 0.2 per cent higher at 2,634.92 on Tuesday, on the back of news that Prime Minister Lee Hsien Loong is calling a General Election, and has advised President Halimah Yacob to dissolve Parliament and issue the Writ of...

STI rises on election news

THE Straits Times Index (STI) clawed back early losses to finish 5.23 points or 0.2 per cent higher at 2,634.92 on Tuesday, on the back of news that Prime Minister Lee Hsien Loong has advised President Halimah Yacob to dissolve Parliament and issue the Writ of Election, paving the way for a...

BEYOND COVID-19: INVESTING

Asset managers find due diligence solution in virtual realm

ASSET managers are turning to new ways to raise funds to get around travel bans, and hosting virtual due diligence sessions with investors in place of face-to-face meetings.

SIA, SilkAir increase transit sources; Scoot to increase destinations

SINGAPORE Airlines (SIA) and SilkAir on Monday said that customers can transit through Singapore Changi Airport from points in China, Hong Kong, Japan and South Korea, to any destination in the SIA Group network currently operated by SIA, SilkAir or Scoot, with effect from June 22, 2020.