Express News | Singapore plans to boost the local stock market and is studying relevant proposals
Business Activity Expands in Singapore's Private Sector in February as Demand Improves
Business activity in Singapore's private sector expanded in February, thanks to improving demand, driving a record rise in employment during the month, S&P Global reported Tuesday.
Shangri-la Asia Unit Renews Hotel Management Contract for Hotel in Philippines
Shangri-la Asia (HKG:0069, SGX:S07), via its subsidiaries, renewed its hotel management contract for Shangri-La The Fort, Manila, a hotel in the Philippines, for another three years. The contract, sch
Shangri-La Hotel Logs Higher Profit, Revenue in Q3
Shangri-La Hotel (SET:SHANG) posted a higher profit attributable to shareholders of 66.1 million baht in the third quarter, compared with 60.4 million baht it booked a year earlier.
Shangri-La Asia Unit Files for Singapore Listing of SG$160 Million Bonds Due 2028
Shangri-La Asia (HKG:0069, SGX:S07) unit Shangri-la Hotel filed for the listing of SG$160 million worth of 4.4% guaranteed bonds due in 2028 on the Singapore bourse. The bonds will be listed in the Bo
Shangri-La Asia Trims Losses in 2022 as Revenue Zooms 18%
06:14 AM EDT, 03/24/2023 (MT Newswires) -- Shangri-La Asia's (HKG:0069, SGX:S07) loss attributable to owners narrowed to $161.6 million in 2022, from $193.2 million a year earlier. The hospitality gro
Shangri-la Asia Units Enter Into $6 Million Loan Agreement
06:50 AM EST, 02/03/2023 (MT Newswires) -- Two subsidiaries of Shangri-la Asia (HKG:0069, SGX:S07) entered into a loan agreement on Friday, according to a same-day filing by the hospitality group. Und
Shangri-la Asia Unit Renews Hotel Management Contract for Shanghai Hotel
03:05 AM EST, 12/29/2022 (MT Newswires) -- Shangri-la Asia's (HKG:0069, SGX:S07) subsidiary Shangri-La International Hotel Management renewed its hotel management contract for the Kerry Hotel Pudong i
Shangri-La Asia's Attributable Loss Widens in January-June
08:35 AM EDT, 08/26/2022 (MT Newswires) -- Shangri-La Asia's (HKG:0069, SGX:S07) loss attributable to owners widened to $158.2 million in the six months ended June 30, from $59.8 million a year earlie
Shangri-la Asia Names New CFO
12:59 AM EDT, 08/09/2022 (MT Newswires) -- Hospitality group Shangri-la Asia (HKG:0069, SGX:S07) has named Chua Chee Wui as chief financial officer of the company, effective Aug. 31. Wui will take on
Shangri-la Asia Grants Award Shares to Executives, Directors
10:54 PM EDT, 05/25/2022 (MT Newswires) -- Hospitality group Shangri-la Asia (HKG:0069, SGX:S07) granted a total of 12,458,000 award shares at HK$1 ($0.13) apiece to certain executives and directors o
Shangri-La Hotel's Attributable Loss Expands Marginally in January-March
05:24 AM EDT, 05/10/2022 (MT Newswires) -- Shangri-La Hotel's (SET:SHANG) loss attributable to equity holders increased marginally in the three months ended March 31 to 84.6 million baht ($2.4 million
Shangri-La Asia Trims Losses in 2021; Shares Drop 4%
04:36 AM EDT, 03/25/2022 (MT Newswires) -- Shangri-La Asia's (SGX:S07, HKG:0069) net loss attributable to owners narrowed to $290.6 million in 2021, from $460.2 million a year ago. Loss per share for
Shangri-La Asia Posts Nearly 79% Decline in H1 Loss
02:39 AM EDT, 08/30/2021 (MT Newswires) -- Hospitality group Shangri-La Asia's (SGX:S07, HKG:0069) loss plunged 78.8% year on year in the first half of 2021, thanks to the improvement in the business
Shangri-La Asia's Wine Orders May Surpass Limit in 2021; Shares Fall 4%
11:38 PM EDT, 08/19/2021 (MT Newswires) -- Hospitality group Shangri-La Asia's (SGX:S07, HKG:0069) total value of wine orders from 20%-owned Kerry Wines and/or its subsidiaries may exceed the thresho
Shangri-La Hotel Trims Q2 Loss by 28%
12:45 AM EDT, 08/10/2021 (MT Newswires) -- Shangri-La Hotel (SET:SHANG) reported a 27.6% annual reduction in its consolidated loss attributable to equity holders for the second quarter of 2021 thanks
Nomura: Benefiting from the reopening of the global economy, the Singapore stock market may become one of the best investment options in the Asia-Pacific region
The Singapore stock market may be one of the region's best options for re-inflationary, economic reopening, or cyclical recovery transactions.
The sea index has risen 9 per cent so far this year, and the turnover of related ETF has increased by 88 per cent year on year.
In the year to March 15, 2021, the Straits Times Index ("STI") rose 9.2 per cent to 3106.0 points. Together with dividend distribution, the total return rose to 9.4 per cent. The index has rebounded to less than 20 per cent of its May 2018 high, up more than 20 per cent from its level at the end of October 2020. The 120-day rolling correlation between the Straits Times index and the broader regional index, the FTSE ASEAN all-share index, has gradually fallen back from a high of 94% on March 23, 2020 to 73% on March 15, 2020. The total rate of return of the sea index fell during 2020.
Lion City Morning Post | Yihe Holdings buys remaining shares of Yihe Strategy for 5.5 billion US dollars
Jardine Matheson (Jardine Matheson), which accounts for a significant share of the local Straits Times Index, will buy the remaining 15% of the shares not held by Jardine Strategic (Jardine Strategic) for 5.5 billion US dollars (S$7.376 billion) to simplify the group structure.
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