Tat Hong halts trading, says it is in talks over potential transaction

CRANE specialist Tat Hong Holdings, which halted trading in its shares after they rallied more than 5 per cent on Thursday, revealed that it has been approached by certain parties on a potential transaction.

LTA forms new unit to implement the KL-Singapore High Speed Rail project

THE Land Transport Authority (LTA) said on Thursday that it has formed a wholly-owned subsidiary - SG HSR PTE. LTD. - to implement the Kuala Lumpur - Singapore High Speed Rail (HSR) project.

Tat Hong says in ongoing talks on potential transactions, appoints adviser

CRANE specialist Tat Hong Holdings, which has halted trading in its shares after they rallied more than 5 per cent on Thursday, revealed that it has been approached by certain parties on a potential transaction.

Hot stock: Tat Hong halts trading after share price surged more than 5%

TRADING in Tat Hong Holdings has been halted at 03:18pm on Thursday, pending the release of an announcement.

CCT to buy Asia Square Tower 2 for S$2.09b

CAPITALAND Commercial Trust (CCT) is buying Asia Square Tower 2 from BlackRock Asia Property Fund III L.P. for an agreed property value of S$2.09 billion or S$2,689 per square foot, making it Singapore's second largest office tower sale in history. ...

Changi Airport sees 7% rise in passenger movements in August

SINGAPORE Changi Airport registered 5.27 million passenger movements in August 2017, a 7.0 per cent increase from a year ago.

Poh Tiong Choon chairman makes S$1.30/shr takeover offer

A consortium led by Poh Tiong Choon Logistics' chairman, Poh Choon Ann, is making an offer to takeover the Singapore-listed firm at S$1.30 a share, valuing one of Asia's largest land transport providers at S$275.5 million...

MAS sets up cyber security advisory panel

The Monetary Authority of Singapore (MAS) has set up a cyber security advisory panel (CSAP) to help ensure that Singapore's financial sector remains dynamic and secure in an increasingly digital world. ...

Hot stock: Venture surges 10% after CEO's purchase

THE share price of Venture Corp surged 10 per cent on Wednesday to a level last seen in 2004, prompting a query from the Singapore Exchange.

DBS to power all Singapore operations using renewable energy by 2030

DBS Bank has set a target to power 100 per cent of its operations in Singapore using renewable energy by 2030, and eventually extend this to all of its overseas operations.

Broker's take: UK business parks seen growing Frasers Centrepoint's income base

FRASERS Centrepoint Limited (FCL) has agreed to buy four business parks in the United Kingdom from Oaktree Capital Management L.P. for about £686 million (S$1.20 billion), subject to post-completion adjustment.

Frasers Centrepoint buys 4 business parks in the UK

FRASERS Centrepoint Limited (FCL) said on Monday that it has agreed to buy four business parks in the United Kingdom for about £686 million (S$1.20 billion), subject to post-completion adjustment.

Former VP sentenced to 14 years jail for money laundering and cheating: CPIB

LINDA Lee, a former vice-president (Asset Management) of United Engineers Developments, a unit of United Engineers (UEL), has been sentenced on Friday to 14 years' imprisonment for money laundering and cheating offences, the Corrupt Practices Investigation Bureau (CPIB) said...

Incubator for designers and other initiatives planned to rejuvenate Singapore retail scene

SPRING is working with department stores to explore the incubation of local and regional designers, with the aim of providing them access to the overseas market.

Airlines and airports seen spending nearly US$33b on IT in 2017: SITA

AIRLINES and airports are estimated to spend nearly US$33 billion on information technology (IT) this year, according to the latest SITA 2017 Air Transport IT Trends Insights.

CPFIS-included funds delivered 3.40% on average in Q2 2017

ALL unit trusts and investment-linked insurance products (ILPs) that are included under the Central Provident Fund Investment Scheme (CPFIS) rose 3.40 per cent on average in the second quarter of 2017.

Changi Airport's Terminal 4 to open on Oct 31: Khaw Boon Wan

CHANGI Airport's Terminal 4 is scheduled to open on October 31, Khaw Boon Wan, Singapore's Coordinating Minister for Infrastructure and Minister for Transport (MOT), said on Wednesday...

Singapore looks into common QR code for cashless payments

BY the end of this year, Singapore may have a common quick-response (QR) code through which users can make payments by just scanning those squiggly squares with their smartphones.

Taskforce set up to develop a common QR code for Singapore

AN industry taskforce, co-led by the Monetary Authority of Singapore (MAS) and the Info-communications Media Development Authority (IMDA) as well as banks and other agencies, will look into developing a common QR code for Singapore (SGQR).

LTA frees up land meant for Singapore Underground Road System

LAND which was previously safeguarded for the Singapore Underground Road System (SURS) will be de-safeguarded with effect from Tuesday, the Land Transport Authroity (LTA) and the Urban Redevelopment Authority said.

HSBC appoints ex-Barclays banker as head of commercial banking in Singapore

HSBC has appointed former Barclays London banker, Alan Turner, as its new Head of Commercial Banking in Singapore.

Strong pickup in global chip sales drives Micro-Mechanics performance

MICRO-MECHANICS, a Singapore-listed maker of precision tools and parts used in the semiconductor industry, reported on Monday that its net profit for the fiscal fourth quarter ended June 30, 2017 jumped 60.9 per cent from a year ago to S$4.6 million.

Overall crime cases in Singapore fall in H1, but e-commerce scams remain a concern

SINGAPORE saw a 0.5 per cent drop in overal crime cases to 16,375 in the first half of 2017 compared to 16,452 a year ago, but e-commerce scams remained a concern, the Singapore Police Force (SPF) said on Monday.

Owners of Sun Rosier condo seeking S$235m in en-bloc sale

OWNERS of Sun Rosier condominium have launched a tender for collective sale and are asking S$235 million for the freehold site along How Sun Drive.