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Higher taxes seen to make PSE less competitive

2017-12-14 bworldonline
FOREIGN INVESTORS may lose their interest in the Philippine Stock Exchange (PSE) once it raises stock transaction taxes (STT) in 2018 as part of the first package of the government’s tax reform program due for implementation in the first quarter. (16-0)

Centurion’s Hong Kong debut draws major interest from retail investors

2017-12-14 scmp
Local retail investors were exceptionally keen in Centurion’s Hong Kong offer, prompting the company to boost the size of its retail portion to 10.8 million shares (5-0)

Trafigura and Eni trade first Middle East, India LNG futures contract: SGX

2017-12-13 in.reuters
LONDON (Reuters) - Commodity trader Trafigura and Eni Trading and Shipping traded the first liquefied natural gas (LNG) futures contract representing delivered prices to Dubai, Kuwait and India, Singapore Exchange (SGX) said on Wednesday. (5-0)

Singapore Exchange to hike derivatives trading fees starting 2018

2017-12-12 themalaymailonline
The hike would be the exchange's first fee change in 15 years. — Reuters picSINGAPORE, Dec 11 — Singapore Exchange Ltd plans to increase its trading fees for derivatives by up to ten times starting next year, the Financial Times reported today. (5-0)

Rupee trading sees 63% jump in Singapore bourse

2017-12-07 thehindubusinessline
Singapore Exchange Limited (SGX) is now stealing India’s thunder in the trading of rupee. Trading against the dollar saw a 63 per cent year-on-year growth on SGX, with November being the second-best month for it since the contracts were launched four years ago. The INR/USD futures volume topped $29 billion on SGX, data from the exchange showed. (5-0)

Company news

2017-12-07 thehindubusinessline
Indiabulls Properties Investment Trust has received the Singapore Exchange approval for delisting from the bourse. In a disclosure to the stock exchanges, Indiabulls Real Estate, parent company of Indiabulls Properties InvIT, said SGX has given its no-objection letter for the voluntary delisting proposal. Indiabulls Real Estate previously had owned 54.95 per cent stake in Indiabulls Properties Investment Trust. (5-0)

SGX proposes tweaks to disclosure rules - Channel NewsAsia

2017-12-07 channelnewsasia
SINGAPORE: The Singapore Exchange (SGX) on Thursday (Dec 7) proposed making tweaks to the disclosure requirements under listing rules to address key areas of concerns. (5-0)

U.S. Biodiesel Indonesian Countervailing Duty Ruling May Impact Wilmar, Others

2017-12-05 seekingalpha
As published by Chain Reaction Research, on November 9, the U.S. Department of Commerce announced final countervailing duties on imported biodiesel from Indonesia and Argentina. Countervailing duties (CVD) are an import duty imposed by countries when another country exports products that allegedly are subsidized by the exporting country. This CVD decision impacts two Indonesian palm oil biodiesel exporters that import into the U. (49-0)

Singapore Exchange Aims for Faster Trade Settlement Next Year - Bloomberg

2017-11-29 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (5-0)

SGX seeks feedback on shortening settlement period for securities trades - Channel NewsAsia

2017-11-29 channelnewsasia
SINGAPORE: The Singapore Exchange (SGX) is planning several changes to the local securities market, including shortening the settlement cycle for trades from three days to two days. (5-0)

How Sun Park sold for S$81.1m in en bloc sale

2017-11-28 channelnewsasia
SINGAPORE: Adding to the en bloc fever in Singapore, How Sun Park - a 20-unit development in the Bartley area - was sold on Tuesday (Nov 28) to SingHaiyi Group for S$81.1 million. (5-0)

Singapore Is Losing Home Advantage in IPO Battle With Hong Kong - Bloomberg

2017-11-28 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (5-0)

Shares of Ichiban Sushi's owner rally 41% in trading debut

2017-11-22 channelnewsasia
SINGAPORE: Shares in Japanese restaurant group RE&S Holdings, which runs Ichiban Sushi, soared 41 per cent on its trading debut on the Catalist board on Wednesday (Nov 22). (5-0)

Singapore pre-school operator MindChamps launches IPO - Channel NewsAsia

2017-11-17 channelnewsasia
SINGAPORE: Local operator and franchisor of pre-school centres MindChamps on Friday (Nov 17) announced it is launching its initial public offering (IPO), having registered its prospectus with the Monetary Authority of Singapore to list on the mainboard of the Singapore Exchange.  (5-0)

PSE drafts guidelines for short selling transactions

2017-11-13 bworldonline
THE Philippine Stock Exchange (PSE) is seeking public comments on its draft rules for short selling transactions, a mechanism that is already allowed under the Securities Regulation Code (SRC) but has yet to be implemented due to the lack of guidelines. (14-0)