Singapore takeover bid for ASX questioned

Politicians in Australia may block a bid for its country's stock exchange by the Singapore bourse.

On Monday, the Singapore stock exchange (SGX) made a multi-billion dollar bid, which has yet to obtain regulatory approval, for the firm that owns the Australian Stock Exchange (ASX).

If approved, the $8.3bn (£5.2bn) deal would be the first stock exchange merger in the Asia Pacific region.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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