Noble sells stake in Indonesia coal services firm for US$1

STRUGGLING commodity trader Noble Group has sold off its 45 per cent stake in an Indonesian coal logistics service firm for US$1 - a consideration arrived at by taking into account the disposal of a non-core business, said the group in an exchange filing on Thursday.

Noble to defer coupon payment, confirms US$2b credit extension

NOBLE Group on Tuesday said it will be deferring coupon payment on its perpetual bonds due a week later, as it confirmed news reports that it had extended its US$2 billion credit facility by four months.

Where will the group go from here?

WHAT a nerve-wracking month it has been for Noble Group. First a shock first-quarter loss. Then Sinochem reportedly walking away from a near deal, followed by yet another round of downgrades by credit rating agencies.

Noble Group shares surge 46% on reports of credit facility extension

SHARES in Noble Group surged on Monday on news reports that the commodity trader has been granted an extension till October of a US$2 billion credit facility that was due to expire this week.

Asia to reach peak coal by mid-2020s

PEAK coal is in sight in Asia - the region long seen as the main demand centre for the commodity - as solar and wind power will become so cheap that they will undercut coal plants by the mid-2020s, declared Bloomberg New Energy Finance (BNEF).

RTO talk lifts LifeBrandz, prompting query

SHARES in LifeBrandz Limited were heavily traded on Wednesday on rumours of a potential reverse takeover. But the lifestyle and entertainment company, in an after-market response to a Singapore Exchange (SGX) query on the unusual trading activity, said that it was not aware of any reason that might...

Singapore searches for growth in 10 promising African countries

KASIVISWANATHAN Muthiah has been working for two years in Kigali, the capital of Rwanda in East Africa as deputy chief executive of warehouse operator Magerwa, a subsidiary of Singapore-headquartered Portek, which operates ports and provides port equipment engineering solutions. During that time,...

Doing business in Africa? It's similar to S-E Asia, and English is spoken by many

THE common perception of Africa is that it is backward, dirty and politically unstable. But this couldn't be further from the truth in most parts of the vast continent, at least according to those in the know...

Singapore's gold hub strategy bears fruit as imports, exports rise

SINGAPORE's strategy to develop itself as a gold hub has proven successful, as its imports and exports almost doubled in the years after the goods and services tax (GST) was removed for investment-grade precious metals in 2012...

US involvement in Paris deal not as important as before: Amundi

THE US pulling out of the Paris climate change may appear bad news to environmentalists, but the impact might not be as negative as many think, according to a leading player in the green finance market.

Trafigura expands shipping fleet through support for partner's US$1.35b order

TRAFIGURA Group, one of the largest independent commodity trading firms in the world, is expanding its shipping fleet in what appears to be a shift in its freight strategy.

Temasek, GIC must step up to lead in green finance

SINGAPORE, after much deliberation, has decided to join the green finance bandwagon. But if it is to make any serious dent on the already fast-growing sector, major Singapore asset owners such as Temasek Holdings and GIC must take the lead.

Noble shares still on slippery slope; brokers quit coverage

NOBLE Group's shares continued to slide on Wednesday despite an analyst at DBS Equity Research saying that the struggling commodity trader will probably be able to refinance its upcoming borrowing base facility in June...

Ascendas Reit sells Woodlands property for S$19.28m

Ascendas Real Estate Investment Trust (Reit) has entered into an agreement to sell off 10 Woodlands Link for S$19.28 million.

FCL to issue S$50m bonds, consolidate these with earlier two tranches

A wholly owned subsidiary of Frasers Centrepoint Limited is proposing to issue a third tranche of S$50 million in notes that will be consolidated with another two tranches earlier issued in February and April.

Manulife US Reit issues units to pay management fees

MANULIFE US Real Estate Investment Trust's (Reit) manager has received its base management fee in units for the three months ended March 31 this year...

BRC Asia says certain shareholders received unsolicited offer for firm's shares

CERTAIN substantial shareholders of steel mesh manufacturer BRC Asia Limited have received unsolicited offers that might or might not lead to an acquisition of the company's shares...

ST Engineering injects another US$21.5m into pilot training unit's capital

ST Aerospace Engineering, a subsidiary of the aerospace arm of Singapore Technologies Engineering (ST Engineering) has injected another US$21.5 million into the capital of its wholly owned pilot training subsidiary.

Stephen Lee to join Temasek board from July 1

SINGAPORE investment firm Temasek Holdings will have a new addition to its board from July 1. Stephen Lee Ching Yen will join Temasek as a director.

Frasers Centrepoint Trust prices S$30m notes due 2022 at 2.645%

THE trustee of Frasers Centrepoint Trust has priced S$30 million of notes due 2022 at 2.645 per cent.

Jaya Holdings director quits due to personal commitments

A NON-EXECUTIVE director of mainboard-listed Jaya Holdings, Maria Chang, has resigned due to personal commitments, the cash company said on Monday.

Stephen Lee to join Temasek's board from July 1

SINGAPORE investment firm Temasek Holdings has appointed Stephen Lee Ching Yen to its board of directors. This will take effect from July 1.

Sunpower Group secures 116.7m yuan in contracts

ENERGY conservation solutions provider Sunpower Group has clinched 116.68 million yuan (S$23.5 million) worth of contracts.

Accordia Golf Trust's DPU falls to 1.48 cents in Q4

ACCORDIA Golf Trust's distribution per unit (DPU) fell to 1.48 Singapore cents in the fourth quarter, from 1.96 Singapore cents in the same period a year ago, ...

Noble says it's still in talks; but market's unmoved

NOBLE Group's shares continued to slide on Wednesday, while its bonds climbed, as the commodity trader said it remained in talks with various potential strategic partners...