Resources Prima Group's subsidiary enters bankruptcy

A SUBSIDIARY of Catalist-listed Indonesian coal miner Resources Prima Group, PT Rinjani Kartanegara (Rinjani), entered bankruptcy on Monday after most of its creditors rejected its composition plan following a meeting with them.

Viva Industrial Trust declines opportunity to buy Ho Lee Group's Ang Mo Kio property

THE managers of Viva Industrial Trust (VIT) have declined Ho Lee Group's (HLG) offer for it to buy the latter's property at 7000 Ang Mo Kio Avenue 5 for S$300 million...

Jason Marine Group issues profit warning

JASON Marine Group issued a profit warning on Monday after the market closed, saying that it expects to record a net loss for the six months ended Sept 30, 2017.

Sembcorp Marine to sell 9 jackup drilling rigs to Borr Drilling

SEMBCORP Marine's (Sembmarine) wholly-owned subsidiary, PPL Shipyard (PPLS), has agreed to sell nine Pacific Class 400 jackup drilling rigs to Borr Drilling and its subsidiaries for about US$1.3 billion, plus a market-based fee, the yard group said on Friday night. ...

AusGroup to convert some S$5.3m of outstanding debt into new shares

HOLDERS of AusGroup notes with a total principal amount of some S$5.3 million have taken up the oilfield services firm's offer to exchange debt for new shares in the company. ...

OCBC prices 500m euro covered bonds, says transaction well-received

OCBC Bank said on Friday that it has priced 500 million euros (S$800.2 million) in fixed-rate covered bonds due 2022. The covered bonds will bear interest at a fixed rate of 0.25 per cent annum, payable annually in arrear.

Mencast calls for trading halt after price surge, query from SGX

MENCAST Holdings called for a trading halt of its shares at 12.32pm on Thursday, pending an announcement.

Geo Energy unit's US$300m notes offering more than 3 times oversubscribed

INDONESIAN coal mining group, Geo Energy Resources Limited, said on Thursday that its subsidiary's US$300 million notes offering was more than three times oversubscribed, with a total order book of more than US$1.2 billion. ...
INSIDE VIEW

When phones tell the future

1What do you think was a significant thing that happened this week?
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Unrelenting march of progress

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CULT STATUS

Three podcast gems for your listening pleasure

STUCK in traffic or crammed up against a stranger's armpit on the train? These podcasts will let you instantly be somewhere else. Other side-effects include having more interesting things to say and a renewed fascination with the world. Stream them from their respective websites, or download...
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When the world makes even less sense

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Jaundiced management adages: true or false?

FOR all our leveraging this and interfacing that, the workplace has remained a fleshy, pulsating mass of humanity. Amid the quiet clicking of keyboard keys, wills routinely collide with egos. In meeting rooms across the island, agendas are being propelled by ambition or torpedoed by incompetence...
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Brexit, a two-year odyssey

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SG Budget 2017: Measures for dealing with major global shifts

THIS year’s Budget, delivered by Finance Minister Heng Swee Keat in Parliament on Monday, addressed the issue of ensuring that Singapore will be able to thrive in a changing world.
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When Singapore has to keep on keeping on

We are just past our third week of the Trump presidency today, but boy, can time be relative when it wants to be. In 21 days, we have seen several months' worth of surreal news that the darkest bowels of Hollywood and Washington DC could not have made up, for all the Emoluments Clauses in the...

The gifts of Christmas past and present

SO this is Christmas. And what have we done? Blitzed through a sleighful of wrapping paper, ribbons and cash, is what. Goodwill towards mankind usually reaches an orgasmic crescendo of ka-chings around this time of the year.
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Cliffhanger, Italian Job-style

1 What do you think was

Singapore shares close 0.1 per cent down on Friday

THE local market ended 0.1 per cent lower on Friday, with the Straits Times Index falling 2.73 points to 2,956.13.

MOF calls for public feedback on Budget 2017

THE Ministry of Finance (MOF) is seeking views and suggestions from Singaporeans in preparation for Budget 2017, it said on Sunday.

Swee Hong put on SGX watchlist, Samko Timber taken off

SWEE Hong Limited will be placed on the Singapore Exchange's watchlist from today, for failing to meet the exchange's minimum continuing criteria. ...

Swee Hong to be added to SGX watch-list; Samko Timber to exit watch-list

SWEE Hong Limited will be placed on the Singapore Exchange's watch-list from Monday, for failing to meet the exchange's minimum continuing criteria. ...

MOF launches call for feedback on Budget 2017

THE Ministry of Finance is seeking views and suggestions from Singaporeans in preparation for Budget 2017, it said on Sunday.

China's rise cannot be contained: Ng Eng Hen

MINISTER for Defence Ng Eng Hen said on Sunday that it is "neither possible nor strategically necessary" to contain China's rise. He said this while speaking at the Reagan National Defense Forum in California...