Singapore
Frasers Property to redeem $600m of perpetual bonds
It comes at a redemption price of $250,000 for every $250,000 nominal amount.
Frasers Property to redeem $600m of perpetual bonds
It comes at a redemption price of $250,000 for every $250,000 nominal amount.
Singapore to sell $2.9b of reopened 2029 debt
This is the second-largest amount on record for 10-year tenors.
AIA Singapore's premium income up 7% to $1.46b in H1
It cited the growth of its renewal premiums.
Utico inks restructuring agreement with Hyflux
The utility firm assured that they will take “swift action” on Hyflux’s projects.
IPOS launches new unit to help businesses commercialise intangible assets
One of the programmes offered is Illuminate for Enterprises, which can assess firms' IP management status.
StarHub inks data connectivity deal with Chinese telcos
Singapore firms in Chongqing can soon work with their preferred ISP provider in China.
ST Engineering's North American unit launches US$1.5b note programme
It will issue short-term unsecured notes for tenors up to 397 days.
Default risks rise as Singapore struggles with $12b of maturing bonds
Distress may spread to sectors like logistics, O&G and construction.
Grab partners with telemedicine firm WhiteCoat to speed up medication delivery
Patients will be able to receive medicine in 90 minutes.
Inflation hits three-year low in July
Core inflation eased to 0.8% YoY mainly due to cheaper energy prices.
Daily Briefing: Aier Eye Singapore buys 35% of ISEC Healthcare for $67.1m; Gaming VC Play Ventures closes $55.56m debut fund
And Foodtech startup AiPalette secures $1.44m from seed funding.
Faltering bike-share industry receives lifeline in SG Bike and Mobike tie-up
With 25,000 bikes set to be added to its fleet, SG Bike will soon hold the crown as the city’s largest bike-sharing operator.
Proptech startup UrbanAgents aims to match buyers to elite agents
It only enrolls the top 5% of firms’ agents to its platform, who get minimum commission fees of $1,888.
This startup makes air-purifying paints to curb indoor pollution
To date, gush paints have been used in over 600 residential and 60 commercial projects in Singapore.
Daily Markets Briefing: STI down 1.45%
YZJ Shipbuilding led the gains amongst top active stocks with a 3.28% climb.
Chart of the Day: Manufacturing output down 0.4% in July
The precision engineering cluster fell sharply by 7.5%.
Wilmar's tropical oil and sugar segments could boost Q3 earnings
It is expected to rely on this segment as the swine fever hits soybean meal demand.
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