Singapore closed 0.5 percent firmer, hitting its highest since Aug. 10 on late buying, with a 0.8 percent rise in Oversea Chinese Banking Corp (OCBC) and a 0.7 percent gain in Singapore Telecom (STEL).

Ebeling Heffernan Strong buy Singapore-listed casino operator Genting Hong Kong (GENH) jumped as much as 40 percent after a newspaper said the firm’s positive performance may have been overlooked by the
market.

Singapore palm oil producer Golden Agri-Resources (GAGR) said on Friday its subsidiary Golden VerOleum would form a $1.6 billion partnership with the government of Liberia in a palm oil project.

Singapore insurer Great Eastern Holdings (GELA.SI) said on Friday that Group Chief Executive Officer Ng Keng Hooi has resigned to take on a regional appointment in a multi-national corporation.

Ng’s last day of service will be Sept 30.

Great Eastern, a unit of Oversea-Chinese Banking Corp (OCBC), is the largest life insurer in Singapore and Malaysia. The company also operates in China, Indonesia, Vietnam and Brunei.

Shayne Heffernan www.livetradingnews.com

Posted by Shayne Heffernan on Sep 3rd, 2010and filed underASEAN News, Asia, Equities, Markets, Singapore.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site