Going the distance with e-commerce

WHEN a leading e-commerce firm first came to them, it was burning S$20,000 to S$30,000 for every round of merchandise air-flown to Indonesia. It was taking its agent one to two weeks to clear the goods, too.

ASLAN shares down almost 40% 2 months after Taiwan listing

SINGAPORE firms that eschew the Singapore Exchange for "greener pastures" on foreign boards do not always strike gold after listing. ...

More local law firms willing to take in trainees, but without pay

FOLLOWING the glut of law graduates in Singapore, more local law firms are taking in practice trainees who are unable to secure placements elsewhere - on the condition that they do not receive an honorarium during their stint.

Astaka Holdings tops off S-E Asia's tallest residential towers

SGX Catalist-listed Astaka Holdings on Tuesday announced the completion of the building structure for its twin residential towers at the One Bukit Senyum township in Johor, Malaysia. Astaka Holdings is a Malaysia-based integrated property developer.

The full stop

REBECCA AU, 18, read the text message, saw the dot, and instantly knew that the conversation was over. She had gotten into a bit of a disagreement with her close friend over WhatsApp.

Tung Lok's full-year net profit down 30.9%

TUNG Lok Restaurants on Monday evening posted a 30.9 per cent dip in net profit for the full year ended March 31, 2017 (FY2017), dragged down by a fall in revenue.

Top interns rake in up to S$10,000 a month at major foreign banks

ALEX (not his real name) raked in close to S$9,000 a month last summer as an undergraduate intern in Singapore. His secret? Working in the sales and trading division at a foreign investment bank.

Sunningdale Tech profit more than doubles in Q1

NET profit for precision plastics components manufacturer Sunningdale Tech more than doubled from S$3.6 million to S$7.7 million for the first quarter ended March 31, 2017.

Midas' profit close to triples in Q1

MAINBOARD-LISTED Midas Holdings chalked up a net profit of 28.7 million yuan (S$5.9 million) for the first quarter ended March 31, 2017, up 187.6 per cent.

Operations at China Star Food's new plant halted; lower profit expected for FY17

OPERATIONS have been halted at China Star Food's new Lian Cheng county manufacturing plant, following the delay of the county's centralised waste water treatment plant...

Haw Par Corp's Q1 profit up 21.8% on higher sales of Tiger Balm products

HAW Par Corporation on Thursday evening posted a 21.8 per cent rise in net profit to S$17.3 million, for the first quarter ended March 31, 2017.

Haze: a possible cue for palm oil investors

WHILE the sight of haze can send some scrambling to grab N95 masks off pharmacy shelves, it might also be a cue for investors to buy something a little different - palm oil company stocks.

Challenger's Q1 profit down 15% on weak retail and corporate sales

CHALLENGER Technologies on Tuesday evening posted a 15 per cent slide in net profit for its first quarter ended March 31, 2017, after being hit by weak retail and corporate sales.

ASL Marine expected to report Q3 net loss

OFFSHORE and marine group ASL Marine is expected to report a net loss for the third quarter of FY2017, based on a preliminary review of its unaudited financial statements for the Q3 and nine months ended March 31, 2017.

Manufacturing Integration Technology bags S$18m semiconductor equipment orders

MANUFACTURING Integration Technology (MIT) on Monday announced that it has secured new orders worth S$18 million for its semiconductor equipment, bringing its total outstanding order book to S$23 million.

Heeton, Ryobi Kiso, KSH and Lian Beng's London hotel starts operations

A NEW hotel in London by Heeton Holdings, KSH Holdings, Lian Beng Group and Ryobi Kiso Holdings has officially commenced operations. The consortium on Wednesday announced that its 89-bedroom Luma Concept Hotel in Hammersmith, London, welcomed its first guests on April 28, 2017.

Singapore and Guangzhou sign LOI to commit to investments in technology

SINGAPORE and Guangzhou will see more collaboration with the signing of a letter of intent (LOI) between the Nanyang Technological University's Sino-Singapore International Joint Research Institute and the Chinese Academy of Sciences Holdings (CASH)...

New NTU sports hall makes waves with innovative timber construction technology

THE Nanyang Technological University (NTU) on Monday officially unveiled its new S$35 million sports hall called The Wave, the first large-scale construction project in South-east Asia to use Mass Engineered Timber (MET) - an innovative timber construction technology that reduced on-site manpower...

Nera Telecommunications bags purchase orders of about S$19.9m

TELECOM and information technology (IT) solutions provider Nera Telecommunications announced on Thursday that it has received purchase orders of about S$19.9 million in aggregate.

Drone delivery to start on NUS campus by early next year (Amended)

ANYONE visiting the National University of Singapore (NUS) early next year might be treated to the sight of drones flying across the campus, delivering small parcels to students and facilities. And if Airbus Helicopters' idea succeeds, these drones will eventually deliver parcels right across...

Global Chinese-sauce firm Lee Kum Kee to expand in S-E Asia

AFTER more than a century climbing to and holding its position as one of the largest global producers of Chinese sauces, Hong-Kong-based company Lee Kum Kee is set to enter a new phase of transformation with its expansion in South-east Asia.

Kenneth Kwek named new chief executive of SGH

KENNETH Kwek, deputy chief executive officer of Singapore General Hospital (SGH), will take over as SGH chief executive officer from Ang Chong Lye with effect from May 1, 2017, SingHealth announced on Thursday.

CityDev sells 81 out of 174 units at Gramercy Park

CITY Developments Ltd (CDL) said on Tuesday that it has sold 81 units of its Gramercy Park freehold condominium project - almost half of the 174 units available.

Bet big in times of crisis: GCP Global's Gabriel Yap

WHETHER you are actively trading or making long-term investments, bet big in times of crisis, said veteran investor Gabriel Yap. He was speaking at a seminar organised by ShareInvestor on Saturday.

SRX to launch free app that connects homebuyers to buyer agents

SINGAPORE Real Estate Exchange (SRX) Property will be launching a free application that will connect homebuyers to buyer agents.