Major business chambers and trade associations are calling for workers' Central Provident Fund monies to be used to help revive Singapore's lagging stock market.
A new position paper released on Wednesday (Jan 6) outlines recommendations from the business community for Singapore's economic future. Released by the Singapore Business Federation (SBF), the report is backed by 28 trade associations and chambers and some 70 top-level executives.
Singapore's private sector enjoyed modest improvement in overall business conditions, a survey from Nikkei and Markit Economics showed on Wednesday (Jan 6). The headline Nikkei purchasing managers' index, or PMI, for the private sector inched down to 52.1 in December from 52.2 . Still, any reading above 50.0 signals expansion.
Eindec Group launches initial public offering on the Catalist board
Eindec Group, a regional environmental and technological solutions provider, launched an initial public offering on the Catalist board on Wednesday, the first on the junior board in 2016.
Shares of property developer OKH Global fell 5.2 per cent to 63.5 Singapore cents when trading opened on Wednesday (Jan 6), its biggest one-day loss since April 2014. OKH Global said on Tuesday that Interpol had issued a so-called red notice against its CEO Bon Ween Foong, who was wanted by the Indonesia.
Huawei Technologies has become the first Chinese handset vendor to ship more than 100 million smartphones annually, defying a market slowdown to challenge leaders such as Samsung Electronics and Apple.
AirAsia Bhd., South-east Asia's biggest budget carrier, plans to raise as much as US$1 billion (S$1.42 billion) under a multi-currency medium-term note programme to refinance debt and buy airplanes after last year's plunge in the Malaysian ringgit pushed the carrier to a third-quarter net loss.