Over 5,200 firms tap government scheme to stay manpower-lean

OVER 5,200 companies have benefitted from a government programme to help small- and medium-sized enterprises (SMEs) reduce their reliance on foreign manpower, adopt manpower-lean initiatives, create better-paying jobs and drive productivity and business growth through the use of technology.

LOT Polish Airlines to launch first direct Singapore to Warsaw flights in May

LOT Polish Airlines will launch thrice weekly flights between Singapore and Warsaw on May 15 next year, Changi Airport Group (CAG) announced on Friday.

Singapore to release final Q3 GDP data on Nov 23

THE Ministry of Trade and Industry (MTI) will release the third quarter 2017 economic survey of Singapore on Nov 23 at 8am.

Rajah & Tann partner Gregory Vijayendran re-elected Law Society president

GREGORY Vijayendran, a partner with Rajah & Tann, has been re-elected president of the Law Society for 2018.

Novena Global buys 4 Singapore eyecare clinics, majority stake in Taiwan's Hexin Group

NOVENA Global Lifecare Group is expanding beyond the medical aesthetics business with its acquisition of four eyecare clinics in Singapore and a majority stake in Taiwan's Hexin Group, the third largest healthcare screening provider in Taipei...

Homeowners, developers willing to pay more for green buildings: survey

HOMEOWNERS and developers in Singapore are willing to pay more for green buildings in recognition of their benefits, according to a survey released by the Building & Construction Authority (BCA) on Wednesday.

Novena Global buys 4 Singapore eyecare clinics, majority stake in Taiwan's Hexin Group

NOVENA Global Lifecare Group is expanding beyond the medical aesthetic business with its acquisition of four eyecare clinics in Singapore and a majority stake in Taiwan's Hexin Group, the third largest healthcare screening provider in Taipei...

Noble keeps credit ratings but agencies warn of downgrades if liquidity worsens

CREDIT rating agencies are maintaining their grades on Noble Group after it reported a massive net loss and further slide in its cash position, but warned of downgrades if the company's liquidity situation worsens...

Noble keeps credit ratings but agencies warn of downgrades if liquidity worsens

CREDIT rating agencies are maintaining their grades on Noble Group after it reported a massive net loss and further slide in its cash position, but warned of downgrades if the company's liquidity situation worsens...

Noble to include Noble Petro in sale of US oil liquids unit; keeps Moody's Caa3 rating

NOBLE Group said on Tuesday it has agreed to include equity interest in Noble Petro in its proposed sale of wholly owned subsidiary Noble Americas Corp (NAC) to rival Vitol US Holding Co, rather than sell this stake to a third party.

CapitaLand opens its largest mall in Suzhou

CAPITALAND marked a record year of one million square metres of retail space offering with the opening of its largest mall yet in the Chinese city of Suzhou.

Alibaba's Lazada drums up record sales of US$123m in South-east Asia on Singles Day

E-COMMERCE site Lazada made US$123 million in sales on Singles Day last Saturday, smashing last year's tally by 191 per cent...

Call out for proposals on redesigning government regulations to help industries facing disruption

A PRIVATE-PUBLIC panel chaired by the head of the Civil Service wants to hear how government regulations can be better formulated for industries facing technological or business model disruptions.

Vard slashes Q3 loss to 8m kroner from 80m year ago on higher revenue

NORWEGIAN shipbuilder Vard Holdings on Friday reported a loss of 8 million Norwegian kroner (S$1.34 million) for the third quarter, a big improvement of 90 per cent from a loss of 80 million kroner in the year-ago period.

SembMarine's Jurong Shipyard fined S$400,000 for safety lapses that saw 89 injured when oil rig tilted

JURONG Shipyard Pte Ltd, a unit of Sembcorp Marine, was fined S$400,000 for safety lapses in the construction of an oil rig that resulted in 89 workers injured.

SembMarine in tie-up to develop use of drones, 3D printing, digital twin technologies to boost sector

SEMBCORP Marine has embarked on an industry-government collaboration to develop disruptive applications in drone, additive manufacturing (3D printing) and digital twin technologies that can revolutionise the offshore and marine (O&M) sector and boost its global competitiveness.

HDB resale prices slip 0.3% in October but volume rises 5.9%: SRX

HDB resale prices dipped by 0.3 per cent in October from a month ago, the same decline seen in September, but sales volume recovered to post a 5.9 per cent increase, SRX Property flash estimates showed on Thursday.

Logistics industry group launches tech platform for seamless tracking of goods

TRIP, or Transport Integrated Platform, was launched on Thursday to help the many players along the logistics supply chain achieve seamless end-to-end tracking of goods and cut down on unnecessary trips and delays.

Singtel Q2 profit jumps 197% to S$2.9b on NetLink Trust divestment, to pay special dividend

SINGTEL announced a 197.1 per cent jump in second-quarter earnings to S$2.9 billion, boosted by gains from the divestment of 75.2 per cent of its stake in NetLink Trust in July this year.

Life insurance industry sees 18% rise in new sales for year to September

THE life insurance industry achieved double-digit growth for the first nine months of this year, chalking up strong uptake across all product types.

ShopBack raises US$25m in latest funding round

E-COMMERCE firm ShopBack has raised US$25 million in its latest funding round, bringing the company's total financing to date to close to US$40 million...

BreadTalk's Q3 profit rises 22.2% on lower expenses

BREADTALK Group posted a 22.2 per cent increase in third quarter earnings to S$4 million from S$3.3 million a year ago on lower expenses.

BreadTalk Q3 profit up 22.2% on fivefold increase in core F&B earnings

BREADTALK Group announced a 22.2 per cent rise in third quarter net profit to S$4 million from a year ago on the strength of its core food & beverage business.

Duo get much heftier fines for unauthorised share trading after MAS appeal

[SINGAPORE] The High Court of Singapore has slapped heftier fines on two individuals for unauthorised share trading after an appeal by the Monetary Authority of Singapore (MAS).

Raffles Education sets Nov 29 for EGM; tycoon Oei wants chairman removed

RAFFLES Education Corp has called for an extraordinary general meeting (EGM) at 9.30am on Nov 29 to vote on the removal of the company's founder, chairman and chief executive Chew Hua Seng...