SINGAPORE: Singapore Exchange (SGX) has welcomed the listing of Phillip SGD Money Market ETF, a new treasury and cash management tool for institutional investors as well as a timely alternative investment solution for individual investors to manage their ready cash efficiently. Managed by Phillip Capital Management, the fund invests in short term, high quality money…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
OIO Holdings to start blockchain consulting and development services in Indonesia
SINGAPORE: OIO Holdings Limited (OIO) announced its entry into the Indonesian market with a Memorandum of Understanding (MOU) with PT. Infiniti Teknologi Indonesia. Under the MOU, OIO will cooperate with Infiniti to support companies across various Indonesian industries planning to adopt blockchain-based technology in their business operations with the aim of unlocking new growth areas…
Kribi starts operations at the multi-purpose terminal of the Port of Kribi
SINGAPORE: Kribi Multipurpose Terminal (KMT), a Cameroonian subsidiary of ICTSI, has started commercial operations at the multi-purpose terminal of the Port of Kribi in Cameroon, Central Africa. The Port of Kribi is a newly built port with deep draft located in Cameroon, Central Africa. Phase 1 of the multi-purpose terminal consists of 265m of berth…
Impact BioMedical to begin efficacy testing of Pan-Coronavirus vaccine under newly formed subsidiary
ROCHESTER: Impact BioMedical Inc. has formed a new wholly owned subsidiary, Innate Immune Inc., to initiate efficacy testing of a pancoronavirus vaccine, a special type of vaccine designed to protect against multiple coronaviruses. “Highly pathogenic human coronaviruses are continuously emerging and remain a major threat to human health,” stated Daryl Thompson, Impact BioLife’s Director of…
SGX wins Exchange of the Year at FOW Asia Capital Markets Awards
SINGAPORE: Singapore Exchange (SGX) has again won the “Exchange of the Year” accolade at the FOW Asia Capital Market Awards 2020 for its leadership in supporting clients with a pan-Asia waterfront of derivatives, amid heightened uncertainty in global markets. SGX’s focus on customer-first execution enabled market participants to manage risk round-the-clock, even as the spread…
Keppel Corp reaffirms Vision 2030, plans to unlock value from S$3-5 billion of assets in 3 years
SINGAPORE: Keppel Corporation Limited has identified assets with a total carrying value of approximately S$17.5 billion based on the Group’s balance sheet as at 30 June 2020 that can potentially be monetised over time and channeled towards growth initiatives. Dr Lee Boon Yang, Chairman of Keppel Corporation said, “The Board and Management are committed to…
Rex appoints ABG Sundal Collier to review financing options for development in Oman
SINGAPORE: Rex International Holding Limited has appointed Nordic independent investment bank ABG Sundal Collier ASA as financial adviser and intermediary to review non-dilutive financing options for Rex’s 86.37 percent subsidiary Masirah Oil Ltd, a news release said. ABG Sundal Collier will advise, among others, on the structure, timing and organisation of a possible bond financing….
Tritech develops an AI-based data analytics system
SINGAPORE: Tritech Group Limited, a leading engineering and water-related and environmental group, has developed a Big Data and Artificial Intelligence (AI) platform for both engineering and water-related and environmental business, i.e. ADAS, an AI-based data analytics system . Globalization, demographic shifts, data explosion, technologies disruption, climate change, redefined jobs and complexity are the trends shaping …
Julius Baer places $350 million AT1 securities in Asia, Europe
ZURICH: Julius Baer Group has successfully placed perpetual non-cumulative Additional Tier 1 (AT1) securities in a $350 million transaction with private banks and institutional investors in Asia and Europe, a news release said. The transaction will help to optimise Julius Baer Group’s capital structure and flexibility. The securities carry a coupon of 4.875%, payable semi-annually,…
iX Biopharma secures TGA GMP licence for its testing laboratory
SINGAPORE: iX Biopharma Ltd announced that its wholly-owned subsidiary, iX Syrinx has obtained the Good Manufacturing Practice (GMP) licence issued by the Therapeutic Goods Administration (TGA) of Australia for its testing laboratory located within its facility in Victoria, Australia. As part of the Group’s GMP processes, every batch of raw material and finished product is…
Olam secures Singapore’s first SORA-pegged club loan with DBS and ICBC
SINGAPORE: Food and agri-business Olam International Limited (Olam) has secured Singapore’s first club loan pegged to the Singapore Overnight Rate Average (SORA) with DBS Bank (DBS) and Industrial and Commercial Bank of China, setting the pace for the industry’s future syndicated SORA loans. The SGD200 million one-year committed revolving credit facility is also the industry’s…
Sasseur REIT shines at the Asia Pacific Best of the Breeds REITs Awards 2020
SINGAPORE: Sasseur Real Estate Investment Trust (Sasseur REIT) has clinched, for the second consecutive year, three top awards – Best Retail REIT (Platinum), Best CEO (Platinum) and Best Investor Relations (Platinum) – for REITs under US$1 billion market capitalisation at The Asia Pacific Best of the Breeds REITs Awards 2020. The judging criteria for the…