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SUTL Enterprise wins new marina management contracts in Indonesia, China
SINGAPORE (Sept 28): SUTL Enterprise is adding Indonesia and China to its ONE15 network of marinas, bringing the total from two to four.
September 28, 2016
Singapore is world’s second most competitive economy in 2016
SINGAPORE (Sept 28): Singapore has narrowly missed out on the top spot in the World Economic Forum’s (WEF) Global Competitiveness Index 2016, coming in second to Switzerland in the study involving 138 countries.
September 28, 2016
SMRT part of consortium to bid for metro rail project in Bandung
SINGAPORE (Sept 26): SMRT Corporation, as part of a consortium, is bidding for a metro rail project in Bandung city, Indonesia.
September 26, 2016
Broker's Calls
Delfi now a more delectable option to OCBC
SINGAPORE (Sept 22): OCBC Investment Research has upgraded its previous “sell” call on cocoa manufacturer and distributor Delfi to “hold” with an unchanged fair value estimate of $2.34.
September 22, 2016
Grab raises US$750 mil in latest fundraising round
SINGAPORE (Sept 20): Ride-hailing service Grab has raised US$750 million ($1.02 billion) in its latest round of fundraising, led by SoftBank as well as other existing and new investors.
September 20, 2016
CWT financial services arm to set up physical commodity exchange in Indonesia
SINGAPORE (Sept 19): Straits Financial Group, the financial services arm of CWT Limited, has obtained the regulatory licence to operate a physical commodity exchange it brands as Asia Commodity Marketplace (ACM) along with its dedicated clearing house in
September 20, 2016
Could drybulk shipping be on cusp of recovery?
SINGAPORE (Sept 19): Axia Capital Markets believes the worst is over for drybulk shipping as the demand for iron ore imports from China grew faster than expected from its stimulus programme.
September 19, 2016
‘Good progress’ on Indonesia tax amnesty, but expenditure still an issue: Nomura
SINGAPORE (Sept 19): Nomura is maintaining its 2016 fiscal deficit forecast for Indonesia at 2.9% of GDP despite noting “good progress” of the nation’s recent tax amnesty deal.
September 19, 2016
Indonesians declare $12.2 bil of Singapore assets for tax
SINGAPORE (Sept 17): Indonesians have declared 117.3 trillion rupiah ($12.2 billion) of assets held in Singapore under the government’s tax amnesty, though only a small proportion of that figure has been brought back home, Indonesia’s Finance Ministry
September 17, 2016
Broker's Calls
One-tanker Indonesian subsidiary does little for Ezion’s profits: OCBC
SINGAPORE (Sept 16): OCBC Investment Research is maintaining its “hold” call on Ezion Holdings with an unchanged target price of 30 cents, with the view that the group’s recent acquisition of an Indonesian shipping company has “little impact on ea
September 16, 2016