Singapore Stocks Watch:
SINGAPORE stocks proceeded with their morning uptick when exchanging continued on Monday, with the Straits Times Index progressing 0.84 percent or 27.12 indicates on the day 3,240.00 as at 1.03pm.
Gainers dramatically increased failures at 232 to 107, after 483.4 million securities worth S$426.7 million changed hands.
Among the most intensely exchanged by volume, Genting Singapore progressed 0.96 percent or S$0.01 to S$1.05 with 15.6 million offers exchanged. Mapletree Logistics Trust rose 2.74 percent or S$0.04 to S$1.50 with 14.8 million units exchanged.
Dynamic record stocks included DBS Group Holdings, up 0.99 percent or S$0.25 to S$25.48; and OCBC Bank, up 0.79 percent or S$0.20 to S$25.39
Energy, petrochemical veteran Tan Soo Koong to steerage Singapore LNG
SINGAPORE LNG Corporation has named Energy and petrochemical division veteran Tan Soo Koong as its CEO, viable April 2, 2019. Mr Tan replaces John Ng, who ventured down in December 2018.
Preceding the arrangement, Mr Tan was overseeing chief of Vopak Terminals Singapore, where he supervised five terminals which produced a sizeable segment of Vopak’s worldwide income, the announcement said. Before Vopak, Mr Tan dealt with the activities and business of Titan Petrochemicals’ olefins and aromatics specialty unit, and drove the assembling capacity at GE Plastics SEA.
Tang Kin Fei, executive of Singapore LNG, said that Mr Tan “conveys to the organization an abundance of operational, specialized and business involvement in terminalling, creation and assembling”. He is likewise “perceived inside the business just like a fair, visionary and bona fide pioneer”.
“With him in charge, Singapore LNG will keep on being persistent in driving perfection in our terminal’s activities to guarantee security of LNG (melted flammable gas) supply for Singapore; while in the meantime, to be that impetus to become the LNG business and build up Singapore as the provincial LNG center,” Mr Tang included.
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