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…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
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…
Yanlord and GIC sign agreement to co-invest up to RMB 7.0 billion in China
HONG KONG: Yanlord Land Group Limited announced that its wholly-owned subsidiary, Yanlord (China) Investment Group Co., Ltd., has entered into an investment agreement with an affiliate of GIC Private Limited (GIC), Singapore’s sovereign wealth fund, to form an investment platform to co-invest in residential projects in China. The Cooperation Program entails a total investment of…
SGX pioneers Asia’s first international REIT futures
SINGAPORE: Singapore Exchange (SGX) is pioneering Asia’s first international real estate investment trust (REIT) futures based on indices tracking diverse REITs listed in Singapore, Hong Kong, Malaysia and Thailand, on the back of rising global investor demand for real estate related investment products and trading solutions, a news release said. SGX – Asia’s most diversified…
Singapore’s EDBI makes strategic investment in Vesta Corporation to help expansion across Asia Pacific
SINGAPORE: Vesta Corporation, a fintech pioneer in fraud protection and fully guaranteed payment technologies, has secured a strategic investment from EDBI, a global Asian-based investor, a news release said. This investment, along with a strategic alignment with EDBI, will accelerate the company’s momentum and efforts to expand its fraud and approval enhancement platform across Asia…
Thakral acquires its tenth site to expand over-50s lifestyle resorts portfolio in Australia
SINGAPORE: Thakral Corporation Ltd has acquired 13.4 hectares of prime land in New South Wales, Australia, through its GemLife joint venture for the development of over-50s lifestyle resorts, a news release said. GemLife is a 50-50 joint venture with the established Puljich family who has a 30-year award-winning track record to build and run retirement…
SGX reports FY2020 net profit of S$472 million
SINGAPORE: Singapore Exchange (SGX) reported FY2020 net profit of S$472.0 million (S$391.1 million), with revenues of S$1,052.7 million (S$909.8 million). EBITDA stood at S$655.7 million (S$523.5 million), while earnings per share was 44.1 cents (36.5 cents). The Board of Directors has proposed a final quarterly dividend of 8.0 cents per share, payable on 9 October…