New development financing framework

New development financing framework must take into account emerging global challenges and be risk-informed, says UN Development Chief

The new financing framework due to be agreed at Addis Ababa for the universal post-2015 development agenda needs to be bold and transformative in supporting countries to tackle the challenges of eradicating poverty, environmental degradation, vulnerability to…

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Singapore's SMRT sought new finance framework ahead of stock surge-report

SINGAPORE, April 25:

Singapore’s SMRT Corp Ltd , the operator of the city-state’s main rail network, asked the government on Wednesday about a financing framework which would reduce its capital expenditure, The Straits Times reported.

SMRT shares shot up on Thursday to close 19% higher, prompting a “trade with caution” alert from the Singapore stock exchange. The shares were trading 3.3% lower on Friday morning at S$1.175.

A spokeswoman for SMRT declined to comment on the Straits Times report, which did not cite sources.

SMRT has previously expressed interest in changing to a financing framework that was introduced by the government in 2010.