Singapore #share prices opened higher with the #STI up 6.25 points to 3,319.03. Singapore’s Oversea-Chinese Banking Corp (#OCBC) said yesterday it plans to raise S$3.37 billion (RM8.53 billion) in a rights issue to boost its balance sheet following its takeover of Hong Kong’s Wing Hang Bank. LOCAL payment performance deteriorated further in the Q2 of this year, according to the latest statistics from the #Singapore Commercial Credit Bureau (SCCB), since Q3 2013, overall payment promptness of local firms fell sharply below the 50% mark in Q2 2014. #Olam International on Monday announced that it was selling a 25% stake in its packaged food business to Japanese noodles manufacturer Sanyo Foods for US$187.5 million. Nam Cheong announced its entry into a joint venture (JV) with smaller shipping firm, Marco Polo Marine, to invest in and operate vessels together.
Posted on: Tue, 19 Aug 2014 04:26:25 +0000
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