Category: Singapore Market

Instantly update and podcast Singapore Market News and Analysis from varies financial media and provide a sitemap with financial news summary & link to latest Singapore Market News for the one who wanted to catch up Singapore Market change in timely manner.

DBS names Raof Latiff as new country head for Malaysia

SINGAPORE – DBS Bank has appointed a new Malaysia country head to take over from Jeffrey Ling, who will be retiring from the role.Mr Abdul Raof Latiff will take over the reins from June 1.Mr Latiff is currently DBS’ group head of digital for institutional banking and group head of global transaction services product management – a position he hands…

PPE maker Medtecs 2020 profit soars to US$131.7m from US$1.2m a year ago

SINGAPORE (THE BUSINESS TIMES) – Medtecs International, a maker of personal protective equipment (PPE), saw net profit for last year swell almost 110 times to US$131.7 million (S$175.2 million) from US$1.2 million for 2019.This was attributed to improved economies of scale and higher proportion of sales of Medtecs-branded products…

China home price growth cools in February as large cities tighten rules

BEIJING (REUTERS) – Growth in new home prices in China eased slightly in February as demand slowed over the Chinese New Year and some major cities clamped down further on speculative buying, a private survey showed on Monday (March 1).New home prices in 100 cities rose 0.2 per cent in February from a month earlier, slowing from 0.37 per cent in January,…

Indonesia, Philippine shares climb as bond markets calm

Asia’s emerging stock markets rose onMonday, led by a near 1% rise in Indonesia and the Philippines,as bond markets ended last week on a calmer note and regionalmanufacturing activity indicated that a gradual recovery wasstill on track. Singapore stocks also climbed 0.9% as a wild ridelast week saw U.S. 10-year bond yields peak at1.61% before…

Oil prices rebound as U.S. House passes huge stimulus bill

SINGAPORE — Oil prices rebounded more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a drop in China’s February factory activity growth capped gains.Brent crude futures for May rose $1.07, or 1.7%, to $65.49 per barrel by 0410 GMT. The April contract expired on Friday.U.S. West Texas Intermediate…

Commerzbank to exit Hong Kong, Luxembourg; Singapore to handle Asia sales

FRANKFURT (BLOOMBERG) – Commerzbank plans to withdraw from locations including Hong Kong, Luxembourg and Hungary as part of its previously announced restructuring, according to an internal memo seen by Bloomberg.Asia sales activities will be bundled in Singapore and the Dubai branch will continue to operate as a representative office, it said. In South…

Soybeans rebound on hopes of strong demand for U.S. supplies

SINGAPORE — Chicago soybean futures kicked off March on a bullish note, climbing 0.9% on Monday as delays in exports from Brazil boosted expectations of higher demand for U.S. supplies.Corn and wheat futures rose after two sessions of declines.“There have been reports over the weekend that there is too much rain in Brazil and dryness in Argentina,”…

SGX Nifty up 229 points; here’s what changed for market while you were sleeping

Signs of progress on the $1.9 trillion US Covid rescue plan and easing of US 10-year bond yield may send domestic stocks rallying on Monday. Here’s the breaking down of the pre-market actions:State of the marketsSGX Nifty signals gap-up start:Nifty futures on the Singapore Exchange traded 229 points, or 1.58 per cent, higher at 14,753.50 in signs…

ETMarkets Morning Podcast: Is there more steam left in Indian stocks?

Good Morning.>> Past trends show domestic equity has more steam left>> Domestic MFs rush to float international funds>> Chris Wood says equity markets’ fate in Fed hands nowAND>> Top PSU lenders lining up to invest in bad bankHi there. Welcome to ETMarkets Morning, the show about money, business and markets. I am Sandeep Singh.Let’s…

Tech demand drives Asia factory revival though China slowdown puts dampener

TOKYO (REUTERS) – Solid demand for technology goods drove extended growth in Asia’s factories in February, but a slowdown in China underscored the challenges facing the region as it seeks a sustainable recovery from the shattering Covid-19 pandemic blow.The vaccine rollouts globally and pick-up in demand provided optimism for a vast number of businesses…

China factory activity growth slips to 9-month low: Caixin PMI

BEIJING (REUTERS) – China’s factory activity expanded at the slowest pace in nine months in February as weak overseas demand and coronavirus flare-ups weighed on output, adding pressure on the country’s labour market, a business survey showed on Monday (March 1).The slowdown in the manufacturing sector underscores the fragility of the ongoing economic…

Stocks in the news: Adani Green, Puravankara, SBI, Equitas Holdings & RIL

Nifty futures on the Singapore Exchange traded 229 points, or 1.58 per cent, higher at 14,753.50 in signs that Dalal Street was headed for a gap-up start on Monday. Here are a few stocks which may buzz the most in today’s trade:Adani Green: The company is in advanced discussions to acquire a 250 MW Hero Future Energies (HFE) solar power project located…

Crude oil prices climb after progress on huge US stimulus bill

SINGAPORE: Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge U.S. stimulus package and on hopes for improving oil demand as vaccines are rolled out.Brent crude futures for May rose $1.07, or 1.7%, to $65.49 per barrel by 0042 GMT. The April contract expired on Friday.U.S. West Texas Intermediate…

Ringgit lower versus US dollar, partly hobbles by crude oil market

Malaysian ringgit notes are seen among US dollar bills in this photo illustration taken in Singapore in this August 24, 2015 file photo. — Reuters picSubscribe to our Telegram channel for the latest updates on news you need to know.KUALA LUMPUR, March 1 — The ringgit opened lower against the US dollar on Monday, hobbled partly by the domino effect…

Q&M Dental posts 10% rise in full-year profit, declares 2.5 cents special dividend

SINGAPORE (THE BUSINESS TIMES) – Q&M Dental Group (Singapore) recorded a net profit of $19.7 million for the full year ended Dec 31, 2020, which is 10 per cent higher than its FY2019 profit of $18 million.In its results released on Monday (March 1), the mainboard-listed group said this was mainly due to higher revenue and lower operating expenses.Earnings…

AvePoint Launches EduTech To Improve Higher Education Technology

EDBI Named as One of Several New AvePoint, Inc. Investors as Company Moves Toward Public ListingSINGAPORE, Feb. 28, 2021 /PRNewswire/ — AvePoint, Inc., one of the largest Microsoft 365 data management solutions providers, announced today the global launch of AvePoint EduTech.The Singapore incorporated company will boast one of the first holistic…

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