SASS AND THE CITY

Future presents from Christmas past

CHRISTMAS is not just associated with a glow of fairy lights and the flush of inebriation. It is also a time when charities hope that the message of peace and goodwill to all men will translate to a fuller collection for the less fortunate in our midst.
BT OUTLOOK 2018

Banks sing auld lang syne amid existential question: what is a bank?

THREE years ago, McKinsey took the view that while fintechs would hurt the margins of global banks, banks would be able to stand their ground in holding on to customers.

Healthway expects independent report over loans in question in Q1 2018

HEALTHWAY Medical Corporation, which operates clinics across Singapore, said on Friday the independent report over any inappropriate extension of loans by the company and its subsidiaries is expected to be finalised in the first quarter of 2018.

EMAS Offshore's auditor cites disclaimer of opinion over 'material uncertainties'

OFFSHORE services provider EMAS Offshore on Friday said its auditors have issued a disclaimer of opinion, citing "material uncertainties" that may cast significant doubt about the group's ability to continue as a going concern...

Low Keng Huat Q3 net profit more than doubles on stronger margins

CONSTRUCTION firm Low Keng Huat on Friday reported a more than doubling in net profit for the third quarter on stronger margins.

Schroders turns substantial shareholder of Venture Corp

FUND manager Schroders has been named as a substantial shareholder of Venture Corporation, as acquisitions on Dec 6 took the total deemed interest to 5 per cent from 4.99 per cent previously.

Sinwa settles dispute involving two units

OFFSHORE supply and logistics player Sinwa Ltd on Friday announced that it has entered into two settlements over disputes related to its wholly owned unit Sinwa SS (HK) and another unit Nordic International Limited (NIL), for which Sinwa owns 50 per cent.

Swissco creditors to meet on Jan 30 over scheme of arrangement

THE judicial managers of Swissco Holdings said on Friday that the court meeting of the creditors will be held on Jan 30, 2018 to consider the Scheme of Arrangement proposed to the creditors.

CapitaLand inks S$10m tie-up with EDB to upskill staff, test new technologies

PROPERTY developer CapitaLand has set out to accelerate its innovation push with a S$10 million programme in training and technology, in partnership with the Singapore Economic Development Board (EDB).

ETC rejects proposal to remove IDs

EMERGING Towns & Cities Singapore (ETC), a Myanmar and China property developer, on Thursday said it will not convene the extraordinary general meeting (EGM) called by the majority shareholder to remove its two independent directors (IDs), saying that the move is an attempt to hamper the...

Oceanus calls for EGM to approve debt restructuring plan

ABALONE company Oceanus Group on Thursday put out its plan to restructure more than S$80 million in debt owed to key creditors, and will seek approval from its shareholders at an extraordinary general meeting (EGM) for this proposal.

Drew & Napier tops in five practices in the Chambers Asia-Pacific ranking

DREW & Napier said on Thursday it has received top honours in five practice areas in the 2018 Chambers Asia-Pacific ranking.

Ellipsiz ends talks with third party on potential takeover offer

ELLIPSIZ Ltd, a semiconductor equipment provider, said on Thursday it has ceased discussions with a "third party" relating to a possible transaction involving the shares of the company...

Emerging Towns & Cities Singapore rejects EGM proposal to remove IDs

EMERGING Towns & Cities Singapore (ETC), a Myanmar and China property developer, on Thursday said it will not convene the extraordinary general meeting (EGM) called by the majority shareholder to remove its two independent directors (IDs), saying that the move is an attempt to hamper the...

Stamford Tyres Q2 profit up 10.4%

STAMFORD Tyres on Thursday posted a 10.4 per cent increase in net profit for the fiscal second quarter as revenue rose slightly.

GuocoLand announces cessation of unit

PROPERTY firm GuocoLand Limited on Thursday said its indirect wholly owned subsidiary, Tianjin Zhongxin Mingshi Real Estate Development (TJZX), will cease to be a subsidiary upon the completion of an agreement entered into between TJZX, GuoSon Investment Company (GICL) and Tianjin Hua Xia Jin Hui...

Auditor of Oceanus Group issues qualified opinion on its 2016 financial statement

AUDITORS of Oceanus Group have qualified their opinion on the 2016 full-year financial statement of the seafood supply chain manager, the company said Thursday.
BT EXCLUSIVE

Banks mine employees for bright ideas

SINGAPORE banks are trying new ways to tap the creative juices of their employees, amid the threat of large fintechs that are more nimble than the traditional institutions.

TTJ Q1 profit falls 81% on weaker sales

STEEL company TTJ Holdings on Wednesday reported an 81 per cent fall in net profit for its fiscal first quarter on weaker sales.

Sembcorp Marine signs US$490m contract from Statoil Petroleum

SEMBCORP Marine on Wednesday said it has secured a US$490 million contract from Statoil Petroleum through its wholly owned subsidiary, Sembcorp Marine Rigs & Floaters.

Wee Hur moves to sell Australia land for A$79m

PROPERTY firm Wee Hur Holdings on Wednesday said it has entered into a put and call option agreement to sell a plot of land fronting Ann Street, Brisbane, Australia for A$79 million (S$81.2 million).

F&N may nudge up stake in Vietnam's Vinamilk

FRASER and Neave (F&N) may acquire up to 21.8 million shares in Vietnam's Vinamilk - or about 1.5 per cent in Vinamilk - through its subsidiary, it said in a regulatory filing on Wednesday...

TTJ Q1 profit falls 81% on weaker sales

STEEL company TTJ Holdings on Wednesday posted a 81 per cent fall in net profit for its fiscal first quarter on weaker sales.

Del Monte chases avocado dollar amid shift in tastes

DEL Monte may be targeting the millennials as it moves to reach out to new consumers who eat avocados and other healthy snacks.

China steel maker Delong says it's hit by production halt; expects fall in revenue

DELONG Holdings, a Chinese steel manufacturer, on Tuesday said it expects a fall in the group's revenue on a shutdown of two blast furnaces at its indirect wholly owned subsidiary. ...