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Fri, September 11, 2020 – 6:30 pm
Stories that you may have missed
TikTok Owner To Spend Billions In Singapore After US Ban.
BYTEDANCE, the Chinese owner of video-sharing app TikTok, plans to make Singapore its beachhead for the rest of Asia as part of its global expansion, according to people familiar with the matter.
SGX stock turnover increased 18% in August due to portfolio rebalancing, vaccine hopes
The Singapore Stock Exchange (SGX) said on Friday that the cash stock market became more active in August due to portfolio repositioning following the release of half-yearly financial results, upbeat US tech stocks and hopes for a viable Covid-19 vaccine.
Ant’s mega IPO draws Temasek’s interest: sources
SINGAPORE state investor Temasek Holdings is considering an investment in the initial public offering (IPO) of Chinese fintech company Ant Group, which could be the world’s largest IPO, said two people familiar with the matter.
Singapore, Japan to launch green lane on September 18
SINGAPORE will launch a greenway for essential trade and official travel with Japan on September 18, the foreign ministers of the two countries said in a joint press release on Friday.
German logistics company DB Schenker to add more than 250 positions in Singapore
GERMAN logistics company DB Schenker will add 251 positions here as part of its expansion plans in Singapore.
Jurong Port begins construction of S $ 200 million port-centric ecosystem
The Port of JURONG has begun construction of its ecosystem centered on the S $ 200 million ready-mix concrete port.
Axington’s board involved Loh’s cousins in ‘strategic changes’; appoint executives
Axington’s two-member board is engaging with controlling shareholders Nelson and Terence Loh to gain clarity on the “strategic shifts” that are expected to be made in the company’s business direction, the Catalist-listed firm said in a Stock presentation Thursday, in response to SGX inquiries.
ITS today
Singapore shares close 0.1% lower on fluctuations
SINGAPORE stocks capped a rather gloomy week on a flat note. The key Straits Times index fell 2.0 points, or 0.08 percent, to 2,490.09 on Friday, after a further slide in US tech stocks.
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