STOCKS

Singapore stocks finish the year in the red; STI down 0.89% for the day

ON the last trading day of 2020, investor optimism waned despite the festive cheer, with the benchmark Straits Times Index (STI) sliding 25.41 points or 0.89 per cent to 2,843.81 points at the closing bell of a holiday-shortened day.

Singapore stocks finish the year in the red, STI down 0.89%

IN the last trading day of 2020, investor optimism waned despite the festive cheer, with the benchmark Straits Times Index (STI) sliding 25.41 points or 0.89 per cent to 2,843.81 points at the closing bell of a holiday-shortened day.

STOCKS

STI gains 0.74% to close at 2,869.22 as shares climb steadily through day

SINGAPORE shares continued to climb steadily over the course of the trading session on Wednesday after rising at the open; with the benchmark Straits Times Index (STI) ending the day up 0.74 per cent or 21.08 points at 2,869.22.

STI gains 0.74% to close at 2,869.22

SINGAPORE shares continued to climb steadily over the course of the trading session on Wednesday after rising at the open; with the benchmark Straits Times Index (STI) ending the day up 0.74 per cent or 21.08 points at 2,869.22.

VIRUS OUTBREAK: JOBS

Short-term cost spike as foreign workers switch to employers starved of labour

FOREIGN workers in several industries are enjoying greater bargaining power due to a supply crunch caused by the Covid-19 pandemic, and employers said they are facing higher labour costs as new schemes allow those on work permits to move more easily from one employer to another. But industry...

Construction firms look to cost savings with their transport capacity for workers back to normal

THE lifting of the 25 per cent reduction in maximum passenger capacity (MPC) for transportation provided by employers, such as private buses, vans and lorries, comes as a breath of fresh air to players in the construction industry, who said that this will help reduce transportation costs and...

OUTLOOK 2021

Analysts positive on IPO market after resilient results in 2020

EVEN in the midst of the Covid-19 pandemic, initial public offerings (IPOs) in 2020 continued to hold their own in the Singapore market. As such, market watchers The Business Times spoke to expect the new year to bring about greater listing volumes.

China arm of Tat Hong Holdings to be listed in Hong Kong

TAT Hong Equipment Service (THES), the Chinese-arm of local crane rental company Tat Hong Holdings, on Dec 10 passed the hearing by the Hong Kong Stock Exchange's (HKSE) Listing Committee for a listing there. It expects to launch its initial public offering before the end of the year, and to...

VIRUS OUTBREAK: PHASE 3 AND BEYOND

Workplace arrangements under review with Phase 3 reopening

THE multi-ministry task force is reviewing workplace arrangements, following Monday's announcement on the move to Phase 3 reopening on Dec 28, said Manpower Minister Josephine Teo on Tuesday.

More than 4,700 SGUnited traineeships filled as at early-December: Josephine Teo

MORE than 4,700 opportunities under the SGUnited Traineeships Programme (SGUT) have been taken up as at early-December, with about 430 mid-career jobseekers placed into attachments across some 170 host companies under the SGUnited Mid-Career Pathways Programme (SGUP), said Manpower Minister...

Sats tops Singapore companies in Asean corporate governance

GROUND-HANDLER and in-flight caterer Sats has emerged top out of 100 Singapore listed companies in the 2019 Asean Corporate Governance Scorecard (ACGS) - jumping 10 places from its 11th position in 2017 - in results announced on Monday.

STOCKS

Investor optimism lifts Singapore shares, STI up 1.3%

SINGAPORE shares climbed on Monday as investor optimism was boosted by positive news both locally and globally.

Investor optimism lifts Singapore shares, STI up 1.3%

SINGAPORE shares climbed on Monday as investor optimism was boosted by positive news both locally and globally.

Sats comes out on top in latest Asean Corporate Governance Scorecard

GROUND-HANDLER and in-flight caterer Sats has emerged top out of 100 Singapore publicly-listed companies in the 2019 Asean Corporate Governance Scorecard (ACGS) - jumping 10 places from its 11th position in 2017 - in results announced on Monday.

Plan Gen Z: A new generation of young, active investors is diving into markets

IFAST Global Markets (iGM), the wealth advisory arm of mainboard-listed iFast Corp's Singapore subsidiary iFast Financial, has seen account openings by Gen Z grow from 200 per cent to 400 per cent on average between February and November this year, albeit from a small base, compared to a year...

AirTrunk opens its first Singapore data centre

AIRTRUNK on Wednesday opened its first Singapore data centre. It is located on 1.5 hectares of land in Loyang - its close proximity to the Changi North Cable landing station allows for strong international connectivity, the company announced in a statement the same day.

AirTrunk opens its first Singapore data centre

AIRTRUNK on Wednesday opened its first Singapore data centre - located on 1.5 hectares of land in Loyang due to its close proximity to the Changi North Cable landing station, allowing for strong international connectivity, the company announced in a statement the same day.

BT EXCLUSIVE: VIRUS OUTBREAK: BUSINESS IMPACT

Construction firms worry about margins as cost of labour rises

THE Ministry of Manpower (MOM) intends to allow employers to bring in more existing work pass holders from this week, and new migrant workers in larger numbers subsequently, amid challenges faced by the construction industry as players battle a labour crunch.

STOCKS

Singapore shares end week in the black, STI up 0.62%

SINGAPORE shares extended their gains on Friday to end the week in the black, with the benchmark Straits Times Index (STI) gaining 0.62 per cent or 17.55 points to end at 2,839.89.

Singapore shares end the week in the black, STI up 0.62%

SINGAPORE shares extended their gains on Friday to end the week in the black, with the benchmark Straits Times Index (STI) gaining 0.62 per cent or 17.55 points to end at 2,839.89.

Credit Bureau Asia IPO chalks up 15% premium on debut

CREDIT Bureau Asia (CBA) on Thursday made a solid debut on the Singapore Exchange's (SGX) mainboard, closing at a 15 per cent premium to its initial public offering (IPO) price of S$0.93.

STOCKS

Singapore stocks rebound from Wednesday's loss, STI up 0.41%

DESPITE opening lower on Thursday, Singapore shares picked up ground as the day progressed, and ended in positive territory, rebounding from Wednesday's loss.

Singapore stocks rebound from Wednesday's loss, STI up 0.41%

DESPITE opening lower on Thursday, Singapore shares picked up ground as the day progressed to end in positive territory, rebounding from Wednesday's loss.

Credit Bureau Asia debuts on SGX S$1.15, 23.7% above IPO price

CREDIT Bureau Asia (CBA) began its trading debut at S$1.13 on the Singapore Exchange's (SGX) mainboard on Thursday, 21.5 per cent or S$0.20 above its initial public offering (IPO) price of S$0.93 per share.

Credit Bureau Asia's IPO 60.8 times subscribed

CREDIT Bureau Asia (CBA) received applications from retail investors for 60.8 times the number of shares available in the public portion of its initial public offering (IPO), it announced on Wednesday.