SINGAPORE BUDGET 2018

Firms seek help to ease in next year's carbon tax

HEAVY greenhouse gas emitters in Singapore are hoping the government will provide assistance at the onset of the carbon tax, even as they wait for details on the specific carbon price in the upcoming Budget.
BT EXCLUSIVE

With more floods, call for better business continuity umbrellas

AS climate change causes more flash floods in Singapore, companies need to come up with better business continuity plans so they can, among other things, continue operating offsite and protect their assets.

No rise in claims for flood damage, say car insurers

SINGAPORE motor insurance companies have not seen an uptick in flood-related claims in the past two months, but a major insurer advised motorists to understand the scope of their insurance cover as flood damage is not included in some policies.

Chip Eng Seng Q4 net profit down 2.4% on higher administrative costs, lower income

HIGHER administrative expenses and lower income from other sources dampened results for construction and property group Chip Eng Seng in its fourth quarter.

Schneider Electric, Ikea tap solar power in Singapore

FRENCH energy management company Schneider Electric and Swedish furniture group Ikea Singapore have moved to tap solar for their electricity needs in Singapore.

DNV GL sets up 3D printing centre to test new tech for O&M sector

QUALITY assurance and risk management firm DNV GL has set up a 3D printing centre to incubate and test such technologies for the oil and gas (O&G), and offshore and marine (O&M) sectors.

Goldilocks urges stakeholders to oppose Noble restructuring

NOBLE Group's major shareholder Goldilocks Investment Company is calling on Noble's stakeholders to collectively oppose the commodity trader's approach to its restructuring plans...

Valuetronics Q3 profit up 36%

INCREASED demand for both industrial and consumer electronics lifted results for Valuetronics for its third quarter.

Goldilocks urges Noble stakeholders to oppose restructuring approach, seeks more transparency

NOBLE Group's major shareholder Goldilocks Investment Company is calling on Noble's stakeholders to collectively oppose the commodity trader's approach to its restructuring plans...

DNV GL sets up Singapore lab to develop 3D printing technology for O&M sector

QUALITY assurance and risk management firm DNV GL has set up a 3D printing centre to incubate and test such technologies for the oil and gas (O&G), and offshore and marine sector (O&M).

Asian markets shaken again by Bank of England's hawkish tone

ASIAN markets were shaken up again on Friday morning after the Bank of England (BOE) hinted at an earlier-than-expected tightening of monetary policy overnight, capping a volatile week for global markets.

Neo Group corrects Q3 working capital changes; Q3 earnings rise to S$2.1m

FOOD solutions provider Neo Group said on Friday morning that it had made a mistake in its working capital changes related to trade and other receivables for its third-quarter results released on Feb 7.

Valuetronics Q3 profit up 35.7%

INCREASED demand for both industrial and consumer electronics lifted results for Valuetronics for its third quarter.

Alliance Mineral Assets Q2 loss deepens to A$1.36m

INCREASED expenses took a toll on results for Alliance Mineral Assets Limited for its second quarter.

Board of SBI Offshore receives request to remove 3 directors

SBI Offshore's board has received a letter requesting a shareholders' meeting in order to remove three directors and appoint three new ones in their place...

Brokers' take: Singtel results in line with expectations; RHB upgrades stock to 'buy'

SINGTEL'S third-quarter results were in line with expectations, said analysts on Thursday morning as they also said the stock is too cheap to ignore. ...

Roxy-Pacific to buy adjoining property on Lorong Kismis

A SUBSIDIARY of Roxy-Pacific Holdings has entered into a put and call agreement to acquire a property, 19 Lorong Kismis, for S$5.7 million.

SBI Offshore board receives shareholders' request to replace 3 directors

SBI Offshore's board has received a letter requesting a shareholders' meeting in order to remove three directors and appoint three new ones in their place...

DBS will pay annual dividend of S$1.20 per share from FY18

DBS Group Holdings will pay S$1.20 per share in dividends from 2018 onwards - double its payout in three of the past four years, the bank said on Thursday.

Flash: DBS Q4 profit up 31%

NET profit including one-time items reached a quarterly record of S$1.19 billion, as total income grew 10 per cent to S$3.06 billion.

Pacific Radiance noteholders should reject revised restructuring proposal: OCBC

PACIFIC Radiance noteholders should reject the company's plan to redeem its bonds by issuing new shares, said OCBC...

Japan Foods posts 73% rise in Q3 profit

STRONG revenue growth gave a fillip to the third-quarter results of Japan Foods Holding, which also said that it was in advanced talks with a potential joint venture partner in Indonesia.

Frasers Hospitality invests S$250m in serviced residence in Tokyo's Ginza

FRASERS Hospitality, part of Frasers Property Group, is investing S$250 million to develop a new serviced residence in the Ginza district in Tokyo.

Pacific Radiance noteholders should reject revised restructuring proposal: OCBC

PACIFIC Radiance noteholders should reject the company's plan to redeem its bonds by issuing new shares, said OCBC...

Brokers' take: Singapore-Malaysia stock market link would likely benefit retail investors

WHILE it is too early to calculate any benefits from the proposed link between the Singapore and Malaysia stock markets, it would likely generate interest particularly among retail investors and potentially increase securities revenue for the Singapore Exchange (SGX), said DBS Group Research.