SINGAPORE: Finance Minister of Malaysia has approved an application of Aspen Glove Sdn. Bhd. (AGSB) submitted through the initiative of the Northern Corridor Implementation Authority (NCIA), for an income tax exemption for its business activity of designing, developing, and manufacturing of examination and surgical nitrile gloves via a grant of an incentive known as the…
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Livingstone Health Holdings lists on SGX Catalist
SINGAPORE: Singapore Exchange (SGX) has welcomed Livingstone Health Holdings Limited to its Catalist under the stock code “PRH”. Based in Singapore, Livingstone Health Holdings Limited is a multidisciplinary specialist healthcare group, which focuses on aesthetics and wellness, anaesthesiology and pain management, family medicine, internal medicine as well as orthopaedic surgery. The group has 15 medical…
Singapore private equity investor expresses interest to acquire minority stake in mm2 Asia
SINGAPORE: mm2 Asia Ltd has received a non-binding term sheet from a Singapore private equity investor expressing interest in a potential acquisition involving a minority stake in one of the mm2’s core businesses. mm2 Asia Ltd. Had made and announcement earlier in relation to the proposed renounceable underwritten rights issue by the company. The Company…
iFAST participated in successful tender for eMPF Platform project
SINGAPORE: The Mandatory Provident Fund Schemes Authority (MPFA) of Hong Kong announced on 29 January 2021 that it has awarded PCCW Solutions Limited with the contract for the design, build and operation of the eMPF Platform. The eMPF Platform aims to standardise, streamline and automate the MPF scheme administration processes to create room for fee…
Marketnode ties up with Covalent to build end-to-end digital infrastructure
SINGAPORE: Singapore Exchange (SGX) and Temasek announced that the digital assets joint venture (JV) –Marketnode – has partnered with Covalent Capital to build Asia Pacific’s first, end-to-end digital infrastructure in the fixed income space. This latest development follows the JV announcement by SGX and Temasek on 22 January. As part of the partnership, Marketnode will…
Singapore Exchange launches ESG derivatives
SINGAPORE: Singapore Exchange (SGX) is accelerating its SGX FIRST sustainability agenda with the launch of its pioneering suite of ESG derivatives, a news release said. SGX developed the new contracts in partnership with FTSE Russell to offer investors more choice in promoting the integration of Environment, Social and Governance (ESG) factors into institutional investment portfolios…
Singapore Exchange reports 1H FY2021 net profit of S$228 million
SINGAPORE: Singapore Exchange (SGX) reported 1H FY2021 adjusted net profit of S$228.0 million (S$213.9 million), with revenues of S$520.8 million (S$478.5 million). Adjusted EBITDA stood at S$321.2 million (S$298.8 million), while adjusted earnings per share was 21.3 cents (20.0 cents). Moving forward, to better reflect its underlying operating performance, SGX will disclose additional financial measures,…
Everbright Water issues second tranche of medium term notes worth RMB 1.0 billion
SINGAPORE: China Everbright Water Limited, an environmental protection company focusing on water environment management, has completed the issuance of the second tranche of medium term notes (MTNs) to institutional investors in the inter-bank bond market in the mainland China with a principal amount of RMB 1.0 billion. The Second Tranche MTNs were fully subscribed for…
SGX RegCo enhances rules on auditors, valuers and valuation reports
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) will enhance requirements on auditors and valuers in their dealings with listed companies, and standards governing valuation reports. “Supporting market development is central to SGX RegCo’s role. These latest rule changes heighten the standards required of auditors and property valuers in their dealings with listed companies. We expect the…
Sembcorp Energy India wins 400MW capacity solar power project
SINGAPORE: Sembcorp Energy India Limited (SEIL), a wholly owned subsidiary of Sembcorp Industries (Sembcorp), has recently won a new 400MW solar power project, a news release said. Through its renewables subsidiary, Sembcorp Green Infra, SEIL won this bid in a closely contested auction conducted by the Solar Energy Corporation of India (SECI). SEIL has received…
Intraco makes investment into Chongqing Liangjiang Sino-Singapore Fintech Rmb Equity Investment Fund
SINGAPORE: The Board of Directors of Intraco Limited has entered into a limited partnership agreement in relation to the investment of RMB 5 million (approximately S$1 million) into the Chongqing Liangjiang Sino-Singapore Fintech RMB Equity Investment Fund to be made in two tranches over the first three years from the date of the execution of…
Singapore Exchange named Regulation Asia’s Exchange of the Year for 3rd year running
SINGAPORE: Singapore Exchange (SGX) has again been recognised as the “Exchange of the Year” in the 3rd Regulation Asia Awards for Excellence 2020. This is the third time SGX has received the accolade. The 2020 award recognised SGX’s achievements in sustainability and innovation. Cited in the award were SGX’s initiatives to boost awareness of ESG…