Singapore

It currently holds 28.5% stake in the telco.

This is undermined by a softer gain in net foreign position.

Despite Wall Street’s gains, local bourse is likely to remain cautious. The Straits Times Index (STI) ended 5.26 points or 0.16% lower to 3230.49 on Wednesday, taking the year-to-date performance to +12.14%. The top active stocks today were Singtel, which declined 0.79%, DBS, which declined 0.29%, UOB, which gained 0.65%, OCBC Bank, which declined 0.19% and CapitaLand Mall Trust, with a 1.02% fall. OCBC Investment Research said this came with the U.S. stocks closed slightly higher as the financial sector helped to cap a sharp drop in energy shares, ahead of potentially market moving events on Thursday, including the U.K. election and former FBI director James Comey Senate testimony. Meanwhile, eight out of eleven S&P 500 industries ended higher, led by Financials (0.82%) and Real Estate (0.47%) while Energy (-1.48%) and Industrials (-0.14%) led the declines. Here’s more from OCBC Investment Research:

And SGX faces three big risks. From PropertyGuru via Yahoo!: Singapore has been named among 10 cities in Asia Pacific implementing big plans to improve urban mobility, according to a report launched by the Urban Land Institute (ULI) and Centre for Liveable Cities (CLC). The other cities on the list are Seoul, Shanghai, Suwon, Taipei, Tokyo, Bandung, Ho Chi Minh City, Sydney and Yangon. The report noted that Singapore’s growing population which now stands at 5.6 million and limited land has led to more space-efficient modes of transportation. For instance, more incentives have been introduced for people to use public transport and embrace new forms of transportation such as personal mobility devices (PMDs).

By 2030, citizens aged 65 and over will double to 900,000.

It will bring the total number of stations on the North East Line to 17 and enhance connectivity from Punggol North to the city centre.

It intends to refine the licensing and business conduct requirements.

It accounts for only 14.7% of total ad spend in Singapore.

It fell from 18th place last year.

This is for companies interested in participating in the tender.

Check out these four bond deadlines of four Singapore firms.

When Rockwell Singapore first employed Arrow Electronics’ innovative digital supply chain solution, the results were immediate and astonishing. “Our lead time for order placement has been cut by more than half, and we were able to significantly reduce overall inventory cost,” shares Boon Sze Sze, Supply Manager at Rockwell. Speed, reliability and efficiency are at the core of Arrow’s electronics distribution services, which is trusted by over 125,000 customers worldwide.

When Singapore rolled out tighter cross-border anti-money laundering guidelines, accounting firms like Prudential Corporate Services and Ardent braced for steeper compliance costs coupled with a substantial increase in their workloads. Stricter regulatory requirements meant longer hours conducting due diligence on clients, a laborious process that sometimes involved manual searches on several sanctions lists and blacklists.

It is being backed by Softbank Group.

Blame it on the loss it incurred during the past quarter.

It will commence operations at Kansai International Airport.