Mr Wee Ee Cheong, UOB Deputy Chairman and CEO (left), and Mr Jiang Zengwei, Chairman of both the China Council for the Promotion of International Trade and CCOIC (right), signed an MOU aimed at helping Chinese companies expand into Southeast Asia through the Belt and Road initiative.
United Overseas Bank Limited (UOB) has deepened its support of Chinese companies expanding through the Belt and Road initiative with the signing of two memoranda of understanding (MOUs), it announced on Tuesday.
Noble Group Ltd on Tuesday confirmed it had extended a key debt deadline and was in “constructive” talks with potential investors, but the crisis-hit trader also pushed back payment of the coupon on a closely watched bond.
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In a first for residential properties in Singapore, 191 private terraced houses at Geylang Lorong 3 will be returned to the State when their leases run out at the end of 2020, with no extensions allowed.
Manulife US Real Estate Management, the manager of Manulife US Real Estate Investment Trust (Manulife US Reit), announced on Tuesday that its private placement of 73.6 million new units in Manulife US Reit was “well over-subscribed with strong participation from new and existing institutional investors”.
Two Singaporean men have been arrested and issued with orders under the Internal Security Act, the Ministry of Home Affairs (MHA) said in a statement on Tuesday afternoon.
Mainboard-listed BreadTalk Group Limited has appointed Henry Chu as its group CEO, with effect from July 1. He takes over from Oh Eng Lock, who will be stepping down on June 30.
Fullerton Fund Management Company has announced changes to its senior investment leadership team.
Homegrown crowdfunding company CoAssets said on Tuesday that it has has received the Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS) to run crowdfunding in Singapore.
The STI Today
Wall Street’s new all-time high on Monday failed to lift sentiment here on Tuesday, with the Straits Times Index (STI) on Tuesday sliding to a 16.76-point loss at 3,230.42 on volume of 2.7 billion units worth S$1.07 billion, compared with S$765 million on Monday.
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