HK-based fintech startup XanPool raises US$4.3m in pre-Series A funding

HONG KONG-BASED XanPool has bagged US$4.3 million in pre-Series A financing to spearhead its infrastructure expansion into the eastern hemisphere.

NTU, ST Engineering launch Singapore's first barrier-free smart car park

NANYANG Technological University (NTU) and ST Engineering have launched Singapore's first barrier-free smart car park, they said in a joint statement on Monday.

AMTD fund invests S$11.5m in five Singapore-based fintech startups

THE AMTD Singapore Solidarity Fund has made its first batch of investments, totalling S$11.5 million, into five Singapore-based fintech companies: Funding Societies, Active.ai, CardUp, TranSwap and PolicyPal.

Sinarmas, Mitsubishi, Surbana tie up for transit-oriented developments in Indonesia

A SUBSIDIARY of Sinarmas Land has entered into a strategic partnership with Mitbana, a joint-venture fund management company of Mitsubishi Corporation and Surbana Jurong.

Singapore Kitchen Equipment execs in graft probe

CATALIST-LISTED Singapore Kitchen Equipment on Sunday said executive director and chief executive Sally Chua Chwee Choo and executive director Alan Lee Chong Hoe are on bail amid a corruption probe.

HOT STOCKS

AEM rises on revenue optimism; Ossia sinks after dividend typo

SHARES of mainboard-listed AEM Holdings jumped on Friday, a day after it upped its full-year revenue guidance to between S$480 million and S$500 million.

Hot stocks: AEM rises on revenue optimism; Ossia sinks after dividend typo

SHARES of mainboard-listed AEM Holdings jumped on Friday, a day after it upped its full-year revenue guidance to S$480-500 million.

France's Descartes Underwriting plans Singapore office, bags US$18.5m Series A

PARIS-BASED insurtech company Descartes Underwriting has raised US$18.5 million in Series A funding, which will be used to support its global expansion to the US and Asia, including Singapore.

Ascendas Reit subordinated perps will not materially change credit metrics: Moody's

MOODY'S Investors Service on Friday said it does not expect Ascendas Real Estate Investment Trust's (Ascendas Reit) issuance of S$300 million in subordinated unsecured perpetual securities to materially change the Reit's credit metrics.

Singapore stocks fall at open after Wall Street resumes slide; STI down 0.4%

SINGAPORE shares opened weaker on Friday following overnight losses on Wall Street as US stocks resumed a downward trend.

Stocks to watch: Singapore Airlines, Oxley, AEM, Ossia, Sabana Reit

THE following companies saw new developments that may affect trading of their securities on Friday:

Siemens launches advance manufacturing competence centre in Singapore

SIEMENS has launched an advance manufacturing competence centre in Singapore to provide guidance, support and training to South-east Asian companies which have embarked on a journey towards advance manufacturing.

Broker's take: CGS-CIMB calls Lendlease Global Reit undervalued, initiates coverage

CGS-CIMB has called Lendlease Global Commercial Reit an undervalued real estate investment trust (Reit), initiating coverage with "add" and a target price of S$0.85.

CapitaLand's Rochester Commons in one-north slated for completion in Q4 2021

CAPITALAND on Wednesday said that Rochester Commons - a campus-style integrated development - is targeted for completion in the fourth quarter of 2021.

Singapore stocks: STI resumes Wednesday afternoon down 0.5% on day

SINGAPORE shares resumed trading on Wednesday afternoon in negative territory, with the Straits Times Index (STI) down 0.5 per cent or 12.41 points on the day to 2,492.35 as at 1.04pm.

Singapore shares fall at open after US rout; STI down 0.7%

SINGAPORE stocks opened weaker on Wednesday following sharp losses on Wall Street overnight as large tech shares suffer another beating.

UOB prices US$600m subordinated notes due 2031 at 1.75%

UOB has priced its US$600 million subordinated notes due 2031 at 1.75 per cent until the first call date.

Moody's changes FCT outlook to stable, affirms Baa2 rating on PGIM Asia Retail Fund deal

MOODY'S Investors Service has affirmed Frasers Centrepoint Trust's (FCT) Baa2 issuer rating and changed the outlook on the rating to stable from negative.

Singapore condo resale volume hits two-year high in Aug: SRX

RESALE volume of non-landed private homes in Singapore hit a two-year high in August 2020, with an estimated 1,052 units resold in the month, up 7 per cent from the 983 units resold in July 2020.

Broker's take: DBS expects iFast's growth to outpace industry, ups target price

DBS Group Research has increased its target price for Singapore-based wealth management and brokerage platform iFast Corp to S$2.60 from S$2.35, and maintained its "buy" call.

Singapore condo resale volume hits two-year high in Aug: SRX

RESALE volume of non-landed private homes in Singapore hit a two-year high in August 2020, with an estimated 1,052 units resold in the month, up 7 per cent from the 983 units resold in July 2020.

Moody's changes FCT outlook to stable, affirms Baa2 rating on AsiaRetail Fund deal

MOODY'S Investors Service has affirmed Frasers Centrepoint Trust's (FCT) Baa2 issuer rating and changed the outlook on the rating to stable from negative.

Yanlord's contracted pre-sales more than double to 12.03b yuan in August

REAL estate developer Yanlord Land Group saw its contracted pre-sales from residential and commercial units as well as car parks more than double to 12.03 billion yuan (S$2.41 billion) in August, from 4.81 billion yuan a year ago.

FWD acquires minority stake in financial advisory firm IPP Financial Advisers

INSURER FWD Insurance has acquired a minority interest in financial advisory firm IPP Financial Advisers (IPPFA) as the two firms enter into a strategic partnership.

FWD acquires minority stake in financial advisory firm IPP Financial Advisers

INSURER FWD Insurance has acquired a minority interest in financial advisory firm IPP Financial Advisers (IPPFA) as the two firms enter into a strategic partnership.