Singapore banks shine in 'World's 50 Safest Banks 2017' rankings

SINGAPORE banks DBS, OCBC and UOB shone once again in trade publication Global Finance's "The World's 50 Safest Banks 2017" rankings...

Singapore banks shine in 'World's Safest Banks 2017' rankings

SINGAPORE banks DBS, OCBC and UOB shone once again in trade publication Global Finance's "The World's 50 Safest Banks 2017" rankings...

Singapore jobless rate holds steady at 2.2% in June, retrenchments dip to 3,640

SINGAPORE'S overall unemployment rate held steady at 2.2 per cent in the second quarter, according to latest figures from the Ministry of Manpower (MOM). Quarter on quarter, the seasonally adjusted unemployment rate declined for residents from 3.2 per cent in March 2017 to 3.1 per cent in June...

QAF reveals more details of Rivalea IPO

GARDENIA bread maker QAF Limited on Wednesday disclosed some financial details on the pork business it plans to list in Australia.

Keppel DC Reit buys second Dublin asset

DATA centre owner Keppel DC Reit said on Wednesday that it has bought its 13th data centre and its second in Dublin, Ireland, for 66 million euros (S$101.3 million).

Blackstone's acquisition of Croesus Retail Trust gets unitholders' nod

PRIVATE equity fund Blackstone's proposed acquisition of Japanese retail mall owner Croesus Retail Trust (CRT) has been approved by unitholders, CRT said...

Singapore condo rents dip 0.4% in August, rental volumes down 10.4%: SRX Property

RENTS for non-landed private homes fell 0.4 per cent in August compared to a month ago, according to flash estimates released by SRX Property on Wednesday. The decline comes after two months of increases.

QAF plans to retain 51% controlling interest in IPO of meat business

QAF Limited said on Wednesday morning that it plans to retain a controlling interest of at least 51 per cent in the meat business it is planning an initial public offering (IPO) for.

Keppel DC Reit buys Dublin data centre for 66m euros

DATA centre owner Keppel DC Reit said on Wednesday that it had bought a data centre in Dublin, Ireland, for 66 million euros (S$101.3 million).

Hot Stock: SPH falls 3.7% on heavy trading

AHEAD of full-year results due in October, shares in media and property group Singapore Press Holdings (SPH) were hotly traded on Monday, falling 10 Singapore cents to S$2.64, or 3.7 per cent, as at 1pm.

US weather forecaster gauges economic cost of Harvey, Irma to be US$290b

US-BASED weather forecaster AccuWeather has estimated the economic cost from two Category 4 hurricanes that has hit the US to be US$290 billion, or 1.5 per cent of gross domestic product (GDP).

Singapore business sentiment for Q4 2017 moderates but still optimistic: poll

BUSINESS sentiment for the fourth quarter of 2017 has moderated somewhat although it remains optimistic, according to the the latest survey by the Singapore Commercial Credit Bureau (SCCB).

TEE International forms tie-up with Advancer Global

REAL estate and engineering group TEE International has formed a collaboration with Advancer Global, which comprises a maid agency, a cleaning and stewarding services arm and a security services arm.

Best World won't be affected by China crackdown: COO

DESPITE concerns over its China business, Best World International, a beauty products direct seller, is still poised to deliver on lofty expectations this year, chief operating officer (COO) Huang Ban Chin said.

MSCI chief: world of passive investing won't last forever

PASSIVE investing has taken the world by storm, and MSCI stands at the heart of it.
TOPLINE

No to durians, but 'yes' to high-tech farming

THE durian question had to be popped right at the beginning of the interview. Given declining margins in its electronics components distribution business, is Excelpoint Technology about to tread the path of Singapore-listed counterpart Serial Systems, which invested into durian purée manufacturing...
MONDAY MULTIPLE

In for a scary taxi ride

EVERY time I feel like buying a car, I stop and ask myself: Would I rather blow S$100,000 on a Honda, or plonk that money in ComfortDelGro stock?

Income tax, GST take taxman's haul to new peak of S$47b

DESPITE a subdued economy, the Inland Revenue Authority of Singapore (IRAS) collected S$47 billion in tax revenue for its financial year ended March 31, 2017, up 5 per cent from S$44.8 billion a year ago.

Singapore shares close 0.4 per cent up on Thursday

SINGAPORE stocks ended 0.4 per cent higher on Thursday, with the Straits Times Index (STI) advancing 12.11 points to 3,272.16.

ComfortDelGro soars on news of talks with Uber

SHARES in bus, rail and taxi operator ComfortDelGro were hotly traded on Wednesday, rising 8.8 per cent or 19 cents to S$2.36. More than 56 million shares were traded - a high not seen for more than four years.

Fund managers keep dancing even as September jinx looms

SEPTEMBER is approaching, with its reputation as the worst month in history for US stocks, which lead sentiment in Asia. Yet many money managers continue to dance.
MONDAY MULTIPLE

Sandwiched by powerful forces?

THE consumer staples sector, notably the food and beverage (F&B) sector, draws investor attention for good reason. Everyone needs food. It is an easy sector to understand.
HOCK LOCK SIEW

ETFs a mixed blessing for retail investors

NEVER has investing been so easy. With the click of a button, new investors can buy a portfolio of stocks through an exchange-traded fund (ETF) tracking a stock market index.

Employees accept severance package at Resources Prima's coal hauling subsidiary

SUSPENDED Catalist-listed Indonesian coal miner Resources Prima Group said all 96 employees of coal hauling subsidiary PT Energy Indonesia Resources have accepted a voluntary severance package, costing the group US$126,000 net of tax.

Hotel Properties' Q2 profit rises 23% to S$16.3m on Tomlinson Heights sales

HOTELIER Ong Beng Seng's property firm Hotel Properties on Friday reported a net profit of S$16.3 million for the second quarter of this year, 23 per cent higher than S$13.2 million a year ago...