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NEWS UPDATES Asean Affairs    22 April  2016  

SGX profits marginally higher in Q3

SINGAPORE: The Singapore Exchange (SGX) managed slightly higher net profits in the first three months of this year, as revenue from its securities and derivatives businesses offset a drop in listing revenue.

According to its report released on Wednesday (Apr 20), SGX earned S$89 million for its fiscal third quarter which ended in March. This was up 1 per cent from last year, but below what analysts had expected, according to estimates compiled by Bloomberg.

Total revenue came in at S$206 million, 3 per cent more than the same period last year.

Looking ahead, SGX said it will continue to engage companies as it tries to attract new stock listings.

"For the IPO markets, we are focusing on some of our core sectors and emerging sectors that are strong, to market that to prospective companies that meet the strengths of this sector,” said SGX CEO Loh Boon Chye. “So for example, we have always been strong in REITS (real estate investment trusts), in marine and offshore - which clearly facing some headwinds - minerals, oil and gas, again facing some headwinds. But the healthcare consumer sector is very strong for us, so we'd like to look at the sector strengths, marketing to these companies that those strengths, to try and create the flow of IPOs."

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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