C&G Environmental Protection declares special divdend after sale of businesses (Amended)

MAINBOARD-LISTED waste-to-energy company C&G Environmental Protection Holdings has declared a special dividend of 1.03 Singapore cents a share for the financial year ended 2017, after the group received the balance payment for the sale of its businesses.

Singaporeans helping to make the world a better place

IT took Bernard Lee and his family nearly two years to get used to the traffic in Danang.

Union Energy Corp set to enter the electricity sector

THE largest bottled-gas supplier in Singapore is making a foray into the electricity sector, hoping to stake a claim in the growing pie ahead of the full liberalisation of the market next year.

Alliance Mineral Assets gears up for lithium bonanza

ALLIANCE Mineral Assets is in a hurry like no other. The Australian mining group, which is on the trail of a commodity that some say is hotter than gold, is working at full speed to start production by the end of this year.
BUDGET 2017

Companies to prioritise energy efficiency

THE government is strengthening measuring and reporting requirements for greenhouse gas emissions, in preparation for a proposed carbon tax in 2019.
BUDGET 2017

PUB rolls out more water-saving initiatives

SINGAPORE national water agency PUB is rolling out new initiatives to enhance water efficiency and encourage water conservation, as the government looks to also use other levers besides pricing to ensure reliable and secure water supply. For the non-domestic sector, PUB will develop water...

Moody's, Fitch maintain junk rating for Noble's proposed US$ bonds

CREDIT rating agency Moody's has kept its junk bond rating for Noble Group's proposed new bonds, warning that the rating could be downgraded if the firm's cashflow from operations remains consistently weak and liquidity deteriorates further...

Alliance Mineral may release resource estimate by early April

AUSTRALIAN mining firm Alliance Mineral Assets is nearly finished with the drilling work to test for lithium at its Bald Hill mine, and expects the resource estimate to be released by April.
HOCK LOCK SIEW

Carbon tax a sign of things to come for all firms

AT first glance, the carbon tax proposed in Singapore's Budget 2017 seems limited in its impact. Set to start from 2019, it will be applied to power stations and other large emitters, mainly refineries and petrochemical and semiconductor manufacturers which produce more than 25,000 tonnes of...

Olam back in the black with S$102m net in absence of exceptionals (Amended)

IMPROVED operational performance and the absence of exceptional losses brought Olam International back into the black in the fourth quarter of 2016.

Have common platform on supply chain: Olam

AS the palm oil industry embarks on the massive work to map out their supply chain from the product to the specific mill and even the plantation, the various non-governmental organisations (NGO) involved should combine their efforts to create a common platform so that the arduous and time-consuming...

Noble back in the black with full-year profit of US$8.7m

NOBLE Group said it is positioned to resume business as usual in 2017, after returning to the black for its full year 2016 results.

Noble returns to the black in 2016

AN improvement in gross profit margins lifted results for Noble Group in its 2016 financial year.
TOPLINE

Big plans for new coal kid on the block

IT may be the newest coal kid on the block, but Golden Energy and Resources certainly has grandiose ambitions in its sight.

Golden Agri's Q4 profit more than doubles

HIGHER sales volume, coupled with a large tax credit, lifted the fourth-quarter earnings of Golden Agri-Resources. Its net profit for the three months ended Dec 31, 2016, leapt 136.7 per cent to US$46.3 million from the previous year, the group said on Friday.

Sabana Reit manager ropes in Morgan Stanley for strategic review

THE manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) said on Friday that it has appointed Morgan Stanley Asia (Singapore) as its financial adviser for a strategic review. ...

OUE to lend IHC up to S$50m for working capital needs

PROPERTY developer OUE, which has launched a takeover bid for International Healthway Corporation (IHC), has agreed to lend the nursing home owner up to S$50 million to finance its working capital requirements.

BlackGold Natural Resources gets US$12.6m order for coal

INDONESIAN coal mining firm BlackGold Natural Resources has received a US$12.6 million purchase order for coal supply to an Indonesian state-owned cement company.

Yoma forms JV with Germany's Metro Group to build food distribution platform

YOMA Strategic Holdings is forming a joint venture (JV) with Germany's Metro Group Wholesale and Food Specialist Company to build a one-stop food distribution platform in Myanmar...

Golden Agri-Resources' Q4 profit more than doubles to US$46.3m

HIGHER sales volume and a large tax credit lifted earnings for Golden Agri-Resources (GAR) in its fourth quarter.
COMMENTARY

With the carbon tax, a new chapter in Singapore's economy opens

FIRST, a two-step hike in the water price in July this year and July 2018. And then a carbon tax from 2019, which would most likely mean higher electricity prices.

Global Premium Hotels gets delisting offer of 36.5¢ - a 14% premium

THE chairman of Global Premium Hotels is planning to take private the mainboard-listed company which owns the Fragrance Hotel chain, to help the company cut compliance costs and have more flexibility in managing the business.

Sembcorp Industries' Q4 profit more than doubles to S$147.5m

THE turnaround in the profitability of its marine business and a better performance from the urban development division helped Sembcorp Industries more than double its net profit for the fourth quarter.

Q&M Dental conducts strategic review to enhance shareholder value

Q&M Dental Group (Singapore) Limited is conducting a strategic review of its business, and has appointed Religare Capital Markets Corporate Finance to help with the task.

Chairman of Global Premium Hotels, which owns Fragrance hotel, to take company private

THE chairman of Global Premium Hotels Limited is planning to take the mainboard-listed company private.