China Fibretech narrows loss to 1.1m yuan in Q3

DYE maker China Fibretech has released a series of reports on its financial performance for the first three quarters of fiscal year 2017.

PSA posts 9.8% growth in global box throughput for 2017

GLOBAL port operator PSA International handled 9.8 per cent more containers across the world in 2017, boosted by brisk business both in Singapore and overseas.

Third party in exploratory talks to acquire controlling interest, JEP Holdings responds to SGX query

AN unrelated third party has been in talks with the executive directors of JEP Holdings in their personal capacities over a possible deal to acquire a controlling interest in the company.

Sabana Reit manager waiting for approval for appointment of new CEO candidate

THE manager of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) has identified a candidate to be appointed as chief executive and has submitted an application to the Monetary Authority of Singapore (MAS) for the appointment. ...

Frasers Centrepoint Singapore secures lease commitments of over 70% for Frasers Tower

FRASERS Centrepoint Singapore has secured lease commitments of over 70 per cent for Frasers Tower in the Central Business District.

ASL Marine injects 54 million rupees into India unit

ASL Marine Holdings has increased its investment in a wholly owned unit, Vosta LMG India, by subscribing for 4,386 additional equity shares at 54 million Indian rupees (S$1.1 million).

Silverlake sells two million shares in Global InfoTech Co for 23.6 million yuan

SILVERLAKE Axis has sold two million shares of Global InfoTech Co (GIT) on the secondary market of the Shenzhen Stock Exchange for 23.6 million yuan (S$4.8 million), or 11.75 yuan apiece.

Container volumes up 9.8% at PSA ports globally in 2017

PORT operator PSA International has posted a 9.8 per cent year-on-year rise in the number of containers that it handled around the world last year.

China Fibretech narrows loss to 1.1 million yuan for Q3 2017

MAINBOARD-LISTED dye maker China Fibretech has released a series of announcements on its financial results for the first three quarters of the fiscal year 2017.

HG Metal Manufacturing unit renews lease at 28 Jalan Buroh

A UNIT of steel distributor HG Metal Manufacturing has renewed its lease at 28 Jalan Buroh.

AA Reit to divest factory building in Soon Lee Road for S$8.17 million

THE manager of AIMS AMP Capital Industrial Reit (AA Reit) is divesting a factory building in Jurong Industrial Estate for S$8.17 million.

Mercator resumes coal operations at Indonesian mining site

MUMBAI-BASED Mercator, formerly known as Mercator Lines, has resumed coal operations at its mining site in Indonesia.

Roadmap to create S$4.5b in value-add and over 5,000 jobs for maritime sector by 2025

A NEW plan has been mapped out to set the course for Singapore's maritime industry over the next decade...

Singapore's container traffic up 8.9% in 2017, thanks to shipping alliances' reshuffle

THE Port of Singapore has emerged as a clear winner from the reshuffling of global shipping alliances, with box traffic rising 8.9 per cent last year.

Maritime sector roadmap to create S$4.5b in value add, over 5,000 new jobs

A NEW plan has been mapped out to set the course for Singapore's maritime industry over the next decade. ...

PSA Singapore unveils advanced port technologies in new exhibition

PORT operator PSA Singapore is holding a new exhibition to showcase its advanced port technologies, including some that will be unveiled to the public for the first time.

Keppel O&M graft case: Global resolution achieved more than what S'pore alone could, says Indranee

THE global resolution that Keppel Corporation's rig-building unit reached with the authorities across three countries over a corruption scandal achieved more than what the Singapore government would have been able to attain if it had prosecuted the company solely under Singapore laws, Senior...

Singapore firms must uphold integrity: Indranee

SINGAPORE companies operating overseas must uphold their own standards of integrity, Senior Minister of State for Finance and Law Indranee Rajah said in Parliament on Monday.

Keppel acts against employees involved in unit's Brazil bribery case

KEPPEL has taken disciplinary action against the employees involved in its rig-building unit's bribery scandal in Brazil, including the meting out of financial penalties...

Keppel, SembMarine shares hit by fines slapped on Keppel unit

KEPPEL Corp shares fell as much as 5.1 per cent on Tuesday following news that its offshore and marine unit had been slapped with fines totalling US$422 million relating to corrupt payments made by a former Keppel agent in Brazil.

Keppel's planned 2.9b yuan disposal of China marina stake still up in the air

KEPPEL Corporation's planned 2.9 billion yuan (S$595.13 million) disposal of its stake in a China marina project remains in limbo as the project's minority shareholder continues to try to block the deal...

Keppel to take hit in earnings, but 'will survive'

SHARES of mainboard-listed Keppel Corporation will likely see knee-jerk selling when stock markets reopen after the Christmas holidays as investors react to news of its staggering US$422.2 million (S$567 million) penalty.

Keppel O&M to pay US$422m in fines after reaching global resolution on corruption probe

[SINGAPORE] Keppel Corporation's offshore and marine unit has reached a global resolution with criminal authorities in the United States, Brazil and Singapore in relation to corrupt payments made by a former agent in Brazil...
HOCK LOCK SIEW

Is Keppel Corp still an offshore and marine stock?

FOR decades now, Keppel Corporation has been widely recognised as a household name in the offshore and marine industry and the world's No1 rigbuilder...

Marco Polo clears final hurdle to proceed with debt restructuring

THE Batam-based unit of Marco Polo Marine has been given the approval to place itself under a Penundaan Kewajiban Pembayaran Utang (PKPU) suspension of debt payment.