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1 month ago | 
businesstimes.com.sg | Crystal Heng
[SINGAPORE] Constituent companies on the Straits Times Index (STI) lost no time in picking up their own shares after the benchmark index tanked on US President Donald Trump’s tariffs. The baseline 10 per cent tariffs, which kicked in on Apr 5, caused major markets in the West and the region to collapse when trading started last Monday (Apr 7). Initially, most of the STI’s 30 constituents dived.
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1 month ago | 
businesstimes.com.sg | Crystal Heng
[SINGAPORE] Constituent companies in the Straits Times Index (STI) lost no time in picking up their own shares after the benchmark index tanked on US President Donald Trump’s tariffs. The baseline 10 per cent tariffs, which kicked in over the weekend, caused major markets in the West and the region to collapse when trading started on Monday (Apr 7). Over the past three days, most of the STI’s 30 constituents dived – except for Singtel which recovered slightly on Wednesday morning.
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1 month ago | 
businesstimes.com.sg | Crystal Heng
[SINGAPORE] City Developments Ltd (CDL) group chief executive officer Sherman Kwek has voluntarily forgone his long-term incentive grant of S$1.35 million for financial year 2024, based on CDL’s annual report released on Tuesday (Apr 8). He received S$2.97 million in total compensation for FY2024, a decrease of 15.4 per cent from S$3.52 million in the prior year.
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1 month ago | 
businesstimes.com.sg | Crystal Heng
[SINGAPORE] Constituent companies in the Straits Times Index lost no time in picking up their own shares on Monday (Apr 7) after the benchmark index tanked 7.5 per cent on Trump’s 10 per cent tariffs. All 30 constituents of the Straits Times Index (STI) dived on Monday, pushing the STI 285.36 points to 3,540.5 for its worst fall since 2008.
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1 month ago | 
straitstimes.com | Crystal Heng
SINGAPORE - Supermarket operator Sheng Siong’s chief executive officer Lim Hock Chee received $7.06 million in total compensation for financial year 2024, an increase of 20.6 per cent from $5.86 million in the prior year. Based on Sheng Siong’s annual report released on April 4, Lim received a base salary of $373,000, a variable bonus of $6.66 million, director’s fees of $20,000 and benefits in kind amounting to $16,000.
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1 month ago | 
businesstimes.com.sg | Crystal Heng
Published Fri, Apr 4, 2025 · 09:20 AM — Updated Fri, Apr 4, 2025 · 02:26 PM[SINGAPORE] Singapore equities began Friday (Apr 4) in negative territory, following the slump in all three major Wall Street indices and European shares on Thursday. The Straits Times Index (STI) plummeted and was down 100.37 points or 2.6 per cent at 3,841.86 as at 2.01 pm. Across the broader market, losers outnumbered gainers 373 to 80 after 988.2 million securities worth S$1.9 billion changed hands.
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1 month ago | 
businesstimes.com.sg | Crystal Heng
Published Fri, Apr 4, 2025 · 09:20 AM[SINGAPORE] Singapore equities began Friday (Apr 4) in negative territory, following the slump in all three major Wall Street indices and European shares on Thursday. As at 9.01 am, the Straits Times Index (STI) fell nearly 60 points or 1.52 per cent to 3,882.24. Across the broader market, losers outnumbered gainers 211 to 51 after 163.34 million securities worth S$350.45 million changed hands. Local banking stocks were down at the open.
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1 month ago | 
businesstimes.com.sg | Crystal Heng |Bapat Sara Manish
[SINGAPORE] Anxieties over the deepening of a global trade war were stoked by US President Donald Trump’s Wednesday (Apr 2) announcement of universal tariffs of 10 per cent for all American imports, in addition to higher tariffs for certain countries. While past tariffs have targeted major US trade partners such as China, Canada and Mexico, this round saw hefty tariffs levied on smaller South-east Asian nations as well.
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1 month ago | 
businesstimes.com.sg | Crystal Heng |Bapat Sara Manish
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1 month ago | 
businesstimes.com.sg | Crystal Heng
Published Thu, Apr 3, 2025 · 08:28 AM[SINGAPORE] OCBC said on Thursday (Apr 3) that it has priced 500 million euros (S$733.8 million) in fixed-rate covered bonds due 2028. The covered bonds will bear interest at a fixed rate of 2.481 per cent per annum, payable annually in arrears. The net proceeds will be used for general corporate purposes, said OCBC.
