Singapore

Far East Orchard ventures into Scotland with Glasgow land purchase

The acquisition signals OSDL's entry into Scotland's student housing market, reinforcing its PBSA growth strategy.

MOF proposes $100,000 fines for non-compliant CSPs

Penalties for breaches of obligations related to various registers will be increased.

Local business sentiment at its most optimistic since 2023: study

Businesses are more optimistic about the sales volumes and their net profits for the quarter.

Daily Markets Briefing: STI up 0.1%; Top stock is UOB

UOB is the top stock with a 0.035% increase.

SGX derivatives trade volume climbs 24% in February

SGX MSCI Singapore Index Futures volume gained 10% YoY.

Yestar Healthcare cancels US$197.86m senior notes issue

Redemption date for the senior notes is on 13 March 2024.

MOH to review healthcare financing schemes

MOH will expand the MediShield Life coverage and provide more subsidies to community hospitals.

Royal Square’s sixth floor for sale at $44.28m

Foreigners and companies can purchase with no additional ABSD or SSD.

SGX to launch interest rate derivatives in H2

These features link Singapore and Japan’s interest rate derivatives.

CICT logs $48m average daily turnover in Jan-Feb 2024

Over 250 SGX-listed stocks saw net institutional inflows in 2024 year-to-date.

Olam Food Ingredients secures $665m SACE-backed financing

The facility includes a five-year US$250 million tranche and a seven-year JPY37.38 billion tranche (US$250m).

Koh Brothers Eco Engineering seeking new sponsor post Stamford exit

SCS formally informed the company of its intent to end the sponsorship, effective from 28 May.

DCS Card Centre secures add’l $100m upsize in asset-backed notes

The funds will be allocated to finance DCS's receivables from retail and corporate customers.

Silicon Box to build a $4.8b semiconductor facility in Italy

The facility is expected to create up to 1,600 jobs. 

Workforce SG to entrust 12 career centres to NTUC’s employment institute

This will expand NTUC’s career services provision to support workforce development in Singapore.