SINGAPORE: Singapore Exchange (SGX), Asia’s leading international multi-asset exchange and FTSE Russell, a global index, data and analytics provider, have signed an agreement to strategically broaden and deepen their long-term partnership to deliver new Asian multi-asset solutions. Building on their long partnership history in Asia and successful track record in existing products, SGX and FTSE…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Spackman Entertainment selling its stake in Spackman Media Group
SINGAPORE: Spackman Entertainment Group Limited has entered into a non-binding memorandum of understanding (MOU) with Spackman Equities Group (SQG), pursuant to which the Company intends to sell the its entire interest in Spackman Media Group Limited to SQG. Spackman Equities Group (SQG) is an investment company that selectively invests into growth companies that possess proprietary…
Cathay Pacific reports substantial capacity reductions due to reduced demand, travel restrictions
SINGAPORE: The Cathay Pacific Group released its combined traffic figures for July 2020 that reflected the airlines’ continued substantial capacity reductions in response to significantly reduced demand as well as travel restrictions and quarantine requirements in place in Hong Kong and other markets amid the ongoing global COVID-19 pandemic. Cathay Pacific and Cathay Dragon carried…
Mitsubishi and Development Bank of Japan to invest in venture capital fund supported by Airbus
TOKYO: Mitsubishi UFJ Lease & Finance Company Limited announced that it has, together with Development Bank of Japan Inc. and Fuyo General Lease Co., Ltd., signed an investment agreement with Airbus Ventures Fund III LP, a venture capital fund launched by Airbus Ventures. This is the first time that investment in the Fund is made…
Merimen expands its SaaS insurance ecosystem platform business into Japan and UAE
SINGAPORE: Merimen Ventures Sdn. Bhd., the insurance processing wholly-owned subsidiary of Silverlake Axis Ltd, has expanded its presence to East Asia and the Middle East, a news release said. Merimen has established its offices in Tokyo, Japan as well as in Dubai, United Arab Emirates (UAE) by incorporating the wholly-owned subsidiaries, Merimen Technologies Japan K.K….
Annica won in the energy category of SBR’S Listed Companies Awards 2020
SINGAPORE: Annica Holdings Limited has won in the Energy category of Singapore Business Review’s Listed Companies Awards 2020, which recognizes innovative projects and best practices with significant business impact. The Singapore-based investment holding company won for its electrification of a rural health facility using solar hydrogen power modules. This is the first solar-hydrogen based energy…
SGX and Israel Securities Authority agree to cooperate to enhance investor protection for dual listings
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) and the Israel Securities Authority (ISA), the national securities regulator, have agreed to cooperate to enhance protection for investors in issuers dual listed on Singapore Exchange (SGX) and Tel-Aviv Stock Exchange (TASE). The regulatory cooperation will enable SGX RegCo and ISA to exchange information, and enhance how both regulators…
Bani M. Mulia appointed CEO of Samudera Shipping Line
SINGAPORE: Samudera Shipping Line Ltd has announced the appointment of Mr Bani M. Mulia as an Executive Director and Chief Executive Officer (CEO) with effect from 1 September 2020. The appointment forms part of its Board and Management restructuring, which also sees current CEO Mr Asmari Herry Prayitno being re-deployed within the larger Samudera Indonesia…
SGX launching 13 futures in August and September, covering almost 100% of Asia’s GDP
SINGAPORE: Singapore Exchange (SGX) is significantly expanding its pan-Asia shelf of benchmark equity derivatives with a comprehensive series of Asia Ex-Japan and Emerging Markets (EM) Asia regional and single country futures. These are based on Net Total Return (NTR) and Price Return indices calculated by FTSE Russell. SGX serves global investors seeking trusted exposure to…
SGX reports market statistics for July 2020
SINGAPORE: Singapore Exchange (SGX) reported its July 2020 market statistics. Markets continued to be focused on the ongoing reopening of global economies and news of fresh waves of COVID-19 infections in some countries. Equity market activity remained higher than a year earlier but moderated from a strong June. Equity index futures trading was more active…
Bank of the Philippine Islands raises ₱21.5bn from pioneering CARE Bonds
MAKATI CITY: Bank of the Philippine Islands (BPI) has exceeded initial targets for its pioneering COVID Action Response Bonds (CARE Bonds), as subscriptions for the offering reached ₱21.5 billion, more than seven (7) times the initial planned issue size of ₱3 billion, triggering an expedited offer period closing for the country’s first COVID response bonds….
SGX proposes new enforcement framework, wants issuers to have whistleblowing policy
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) is consulting the market on changes to the Listing Rules governing enforcement actions for greater and swifter accountability, and clarity, in the securities market. “We are also proposing that all issuers have in place a whistleblowing policy,” a news release said. The investing public can only continue to have…