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Singapore Business Review 06/04/2020 00:01
Uploaded By:. Frances Gagua. Submitted By:. Staff Reporter. Case Study:. No. CEO Victor Lee expressed his apology to affected customers. CIMB Singapore announced that it will retain the floor rate of its existing customer mortgage loans tied to the SIBOR/SOR rate at 0.1%. In a statement, chief executive officer Victor Lee said that the market’s cost of deposits has fallen, which he said allowed CIMB to lower their deposit rates and cost of deposits.
Singapore Business Review 06/03/2020 22:32
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. This follows after charges of money laundering were filed to Martin Cheah Kok Choon and Guilherme Esteves de Jesus. Sembcorp Marine (SCM) has announced that the Federal Justice Court of Curitiba in Brazil has accepted the complaint offered by the prosecutor’s office in Paraná against Guilherme Esteves de Jesus (GDJ) for money laundering and the ex-employee Martin Cheah Kok Choon for money laundering, an SGX filing revealed.
Singapore Business Review 06/03/2020 21:54
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. The Lion City will be connected to six Chinese provinces and municipalities. Singapore and China have agreed to create a fast lane to facilitate essential business and official travel between both countries, according to a joint statement by the Ministry of Foreign Affairs and the Ministry of Trade and Industry.
Singapore Business Review 06/03/2020 21:35
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. The package will help landlords with existing loan commitments and ease cash flow needs. The Ministry of Finance (MOF), the Inland Revenue Authority of Singapore (IRAS), Enterprise Singapore (ESG), and the Monetary Authority of Singapore (MAS) have launched a series of measures to support landlords that may face cash flow constraints after providing relief to tenants as proposed under the COVID-19 (Temporary Measures) Amendment Bill, according to an announcement.
Singapore Business Review 06/03/2020 18:00
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. DBS led the gains amongst top active stocks with a 7.87% expansion. The Straits Times Index (STI) ended 88.76 or 3.4% higher at 2,700.39. The top active stocks were DBS, which jumped 7.87%, Singtel, which rose 1.18%, UOB, which climbed 6.56%, OCBC Bank, which increased 5.29%, and SIA with a 4.87% expansion. The FTSE Mid Cap grew 1.37%, whilst the FTSE Small Cap fell 0.21%.
Singapore Business Review 06/03/2020 18:00
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. And startup Intelllex bags $2.94m from Quest, Reuters, Insignia, others. From Channel News Asia:. The newly-formed National Jobs Council will focus on identifying and developing jobs, traineeships and skills training opportunities for Singaporeans amid the pandemic, Manpower Minister Josephine Teo. The council, which includes veteran business leaders from industries and union leaders amongst its ranks, sat for its first meeting on Wednesday.
Singapore Business Review 06/03/2020 06:04
Uploaded By:. Frances Gagua. Submitted By:. Staff Reporter. Case Study:. No. Close to 85% of the financial industry worked from home during the circuit breaker. Financial institutions must prepare to operate in a prolonged environment of health and safety management, Managing Director Ravi Menon of the Monetary Authority of Singapore (MAS) in a Zoom video conference at the Fireside Chatat ACI Live Aid: Financial Markets Give Back.
Singapore Business Review 06/03/2020 05:46
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. This follows the close of offer announcement with BTG Holding Company. Breadtalk will be delisted from the official list of the Singapore Exchange Securities Trading Limited (SGX-ST) on 5 June following completion of the compulsory acquisition, according to an announcement. This follows the closing of the offer announcement made by United Overseas Bank Limited (UOB) on behalf of BTG Holding Company relating to the voluntary conditional cash offer for all the issued ordinary shares in Breadtalk.
Singapore Business Review 06/03/2020 05:46
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. The consultation looks at making a mandatory Code of Conduct for CMOs. The Ministry of Law (MinLaw) and the Intellectual Property Office of Singapore (IPOS) have launched a public consultation that will end on 30 June for a proposed licensing scheme for Collective Management Organisations (CMOs) in Singapore, an announcement revealed.
Singapore Business Review 06/03/2020 05:40
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. New applications to resume works can be approved within two days. The Building and Construction Authority (BCA) has cleared and approved over 5,400 renovation projects applications for suspended residential renovation projects, according to an announcement. All new applications to resume works will be approved within two days if the submission is in order.
Singapore Business Review 06/02/2020 23:48
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. Retail tenants comprising 87% of the total base rental income were open for business. United Hampshire US REIT has achieved approximately 77% of retail tenant base rent income in May and 82% in April, an announcement revealed. Retail tenants comprising 87% of the total base rental income were open for business in May, amidst the COVID-19 lockdown, as most retail tenants moved to progressively re-commence operations following the easing of lockdown measures across the United States (US).
Singapore Business Review 06/02/2020 23:44
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. Temasek nabbed pro-rata entitlement to 985.96 million rights shares. Singapore Airlines (SIA) has announced that its rights issue of shares was fully subscribed, an SGX filing revealed. Valid acceptances and excess applications were received for about 2.13 billion rights shares, representing approximately 119.5% of the 1.78 billion rights shares available.
Singapore Business Review 06/02/2020 23:41
Uploaded By:. Nathanielle Punay. Submitted By:. Nathanielle Punay. Case Study:. No. The potential transaction is slated to value StorageMart at more than $3.5b. Singaporean sovereign wealth fund GIC is in talks to acquire a stake in US-based self-storage facility chain StorageMart, which describes itself as the largest privately owned storage company in the world, according to people with knowledge of the matter.
Singapore Business Review 06/02/2020 23:36
Uploaded By:. Janine Ballesteros. Submitted By:. Janine Ballesteros. Case Study:. No. The service is offered to all public healthcare institutions. ComfortDelGro Taxi has tied up with ALPS Pte Ltd, the supply chain arm of the public healthcare system, to deliver essential medication to patients with pre-existing conditions, who require regular refills during the COVID-19 period, according to an announcement.

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