ICT magazine

Tiger Airways Holdings signed an agreement with Standard Chartered Bank for two new multi-million dollar financing deals. The agreement is for the pre-delivery payment of six aircraft to Airbus and the purchase of an additional seven aircraft, the airline said in a statement to the Singapore stock exchange. {jcomments on}

Money manager Lion Global is betting Singapore banks will benefit from a resurgent economy and rising interest rates but warns that Malaysia may not push through much-needed reforms, the manager of its Singapore/Malaysia fund said today. Lion, an arm of Oversea-Chinese Banking Corp’s (OCBC.SI) insurance unit Great Eastern (GELA.SI), ...

Singapore’s banks, insurers and financial holding companies are likely to face more stringent requirements for independent directors on their boards under new rules proposed by the Monetary Authority of Singapore, reported Bloomberg.   A director may not be considered independent after serving nine straight years on a board, the central bank said ...

London-based hedge fund manager Algebris Investments LLP is in talks to set up a base in Asia over the next few months, joining a slew of Western managers driven to the region in search of higher returns and a friendlier regulatory environment, two sources said.    Top officials from Algebris — backed ...

CLSA has initiated coverage of Keppel Land (K17.SG) a “buy”, setting its target price at $4.80. While the broker is cautious on Singapore office sector as a whole, CLSA says that Keppel Land should be well placed as its office building portfolio is well located. “Rents are bottoming out ...

Singapore state investor Temasek, which manages assets of more than US$120 billion ($167.2 billion), may be looking to snap up stakes in technology companies, joining other big institutional investors in turning bullish on the sector’s improving outlook. The possible shift comes as expectations of strong Asian demand and a ...

Singapore’s Straits Times Index gained 0.2% to 2,923.92 as of the 12:30 p.m. trading break. Four stocks rose for every three shares that fell on the 30-member gauge.   Shares on the measure trade at 15.2 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data ...

Golden Ocean (GOGL.SI) (GOGL.OL), a Norwegian-listed dry bulk shipping firm, could consider raising money in Singapore following its secondary listing in the city-state, its CEO Herman Billung said on Thursday.  “Initially, we are just doing a transfer of shares but we hope that if and when we raise new ...

Singapore shares reverse earlier drop, tracking firmer regional markets. The STI is up 0.2% at 2,923.84 midday vs morning low of 2,907.04 (down 0.4%) with resistance tipped at current 2010 high of 2,947, reported Dow Jones Newswires. But DBS Vickers says STI may struggle to rise much further, “while ...

Singapore Press Holdings (T39.SG) among better performing blue chips as hopes for recovery in advertising expenditure, defensive qualities support, reported Dow Jones Newswires. Shares up 0.3% at $3.83, with immediate resistance tipped at current 2010 high of $3.85. DBS Vickers notes latest data show total Singapore adex for display ...

Singapore’s Straits Times Index dropped 0.2% to 2,913.24 as of 11:10 a.m. local time. Almost two stocks fell for each that rose on the 30-member gauge. Shares on the measure trade at 15.2 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data ...

Genting Singapore (G13.SG) off 1.6% at $0.95, mirroring pullback by most other STI stocks, as investors reluctant to stump up more money for shares after 7.8% rise since beginning March, preferring instead to wait for Resort World at Sentosa’s contributions to company’s bottomline, reported Dow Jones Newswires. Read more...

Singapore shares seesaw between positive and negative territory in early trade, though largely downward biased as investors digest market’s recent strong run, reported Dow Jones Newswires. STI last down 0.4% at 2,908.23, with support tipped around 5-day moving average at psychologically important 2,900 mark. Broad market volume thin; market ...

Singapore’s benchmark Straits Times Index (.FTSTI) rose 0.79% to close at 2,919.30 points yesterday. Last night, US stocks gained, after a benign February inflation reading supported the Federal Reserve’s renewed pledge of low interest rates. Norwegian dry bulk shipper Golden Ocean (GOGL.SI) will open trade on Thursday after completing ...

Housing & Development Board, Singapore’s public housing authority, sold $400 million of 1.87% bonds due in 2015, according to data compiled by Bloomberg.   {jcomments on}  

Singapore’s Straits Times Index rose 0.8% to 2,919.30 at close of trading. Almost four stocks advanced for each that fell.   Shares on the measure trade at 15.2 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data compiled by Bloomberg. The following shares were among ...

Singapore’s government might take more drastic measures to cool property market if rate of residential property price increases fails to slow, says UBS, according to Dow Jones Newswires. Read more...

Singapore shares on track for highest close in 9 weeks, with US futures providing supportive lead (DJIA +21 points), says Dow Jones Newswires. STI is up 0.7% at 2,916.50 with resistance tipped at current 2010 high of 2,947. Dealer at local brokerage says Fed statement that US interest rates ...

Singapore’s key exports continued to grow in February from a year earlier, helped by a strong bounce in the pharmaceuticals and electronics sectors and adding to the case for modest policy tightening next month, government data showed today, reported Dow Jones Newswires. Non-oil domestic exports rose 23.4% in February ...

CapitaCommercial Trust, the office landlord partly owned by CapitaLand, requested a halt in trading of its shares on the Singapore stock exchange pending the release of an announcement.   {jcomments on}