Asia-Pac nations, UN bodies urge lowering green finance costs for developing states

ASIA-PACIFIC nations at the United Nations (UN) climate talks in Bonn, Germany, agreed on the need to develop a clear regional action agenda, and will receive support from UN bodies, according to official statements.

Mirach: Placee in S$1.7m offering is existing shareholder with less than 0.1% stake

MIRACH Energy has clarified that one of the investors in a S$1.7 million equity placement is actually an existing shareholder, saying that the mistake was inadvertent.

Singapore shares resume higher on Friday afternoon; STI at 3,371.26, up 0.9% on day

SINGAPORE shares resumed trading on Friday in positive territory with the Straits Times Index at 3,371.26, up 0.9 per cent, or 29.96 points, on the day as at 1.01pm.

Singapore shares higher at Friday break; STI gains 0.8% to 3,369.22

SINGAPORE shares entered the mid-day break on higher ground after the nation's non-oil domestic exports staged a rebound in October, with the Straits Times Index up 0.84 per cent, or 27.92 points, to an indicated 3,369.22 as at noon...

SunMoon changing auditor to EY from RT; cites growing geographical presence

SUNMOON Food Co is changing its auditor to Ernst & Young (EY) from RT, citing the desire to obtain fresh perspectives, to support its larger geographical presence and to improve reporting efficiency.

CapitaLand buys US$38.9m site for its 11th residential project in Vietnam

CAPITALAND has bought a 14,474 sq m site in Ho Chi Minh City, Vietnam, for US$38.9 million to develop into residences that it estimates will be worth US$177 million.

CapitaLand buys Ho Chi Minh City site for US$38.9m to develop US$177m residences

CAPITALAND has bought a 14,474 square metre site in Ho Chi Minh City, Vietnam, for US$38.9 million (S$53.5 million), to develop into residences that it estimates will be worth US$177 million.

En bloc sales: Derby Court near Novena aims for S$62m with public tender

Owners of the Derby Court condominium near the Novena neighbourhood have launched a public tender for collective sale, with a reserve price of S$62 million.

Singapore shares begin afternoon trading in negative territory; STI at 3,374.13

Singapore shares resumed trading on Wednesday afternoon in negative territory with the Straits Times Index at 3,374.13, down 0.7 per cent, or 24.96 points, on the day as at 1.01pm.

Singapore shares lower at Wed break; STI down 0.85% to 3,370.23

Singapore shares entered the mid-day break in negative territory, with the Straits Times Index down 0.85 per cent, or 28.86 points, to an indicated 3,370.23 as at 12:01pm.

Competition commission seeks feedback on supply of HDB lift parts

The Competition Commission of Singapore is seeking public feedback on proposals to address the availability of proprietary parts for housing board lifts to third-party maintenance contractors.

ETC posts Q3 profit of S$1.4m alongside acquisitions, discloses S$24m in unauthorised withdrawals

EMERGING Towns & Cities Singapore (ETC) posted a more-than-doubling of profit in its third quarter, announced US$44.4 million of acquisitions and revealed 118 million yuan (S$24.2 million) of unauthorised withdrawals in a flurry of announcements before the market opened on Wednesday.

China Environment receives 41.7m yuan demand from ex-chairman's wife

China Environment has received a letter of demand from the wife of former executive chairman Huang Min seeking 47.1 million yuan.

Golden Agri Q3 profit drops 80.1% to US$43.7m on FX losses, lack of tax credit

GOLDEN Agri-Resources' third-quarter net profit fell 80.1 per cent to US$43.7 million, or 0.34 US cent per share, on the back of foreign exchange losses and the absence of tax credits...

HRnetGroup Q3 profit grows 20.2% to S$10.7m as minority interests shrink

HRNETGROUP'S third-quarter net profit rose 20.2 per cent to S$10.7 million, or 1.06 Singapore cents per share, on a drop in minority interests and growth in the flexible staffing business...

Fincantieri makes another bid to delist Vard; offers S$0.25 per share

THE majority shareholder of Vard Holdings is making another bid to privatise the shipbuilder after minority shareholders rejected its earlier offer.

Procurri returns to profitability in Q3 with S$14,000 net earnings

PROCURRI Corp just managed to return to profitability in the third quarter of 2017, posting net earnings of S$14,000, or about 0.01 Singapore cent per share, from a year-ago S$178,000 loss.

SembMarine set to win US$490m contract from Statoil

Singapore rigbuilder Sembcorp Marine (SembMarine) expects to clinch an engineering, procurement and construction contract estimated at US$490 million (S$665.8 million) from Norwegian oil group Statoil Petroleum.

Manulife US Reit's Q3 payout matches expected yield from newcomer Keppel-KBS

MANULIFE US Real Estate Investment Trust (Reit) will pay a 1.6 US cent distribution per unit for the third quarter, giving it a yield that would match the soon-to-be-listed Keppel-KBS US Reit.

Brokers' take: RHB, CIMB split on CAO after profit slips for first time in 10 quarters

ANALYSTS at RHB and CIMB are split on China Aviation Oil (Singapore) Corp (CAO) after the jet fuel supplier reported its first net profit decline in 10 quarters.

Manulife US Reit to pay 1.6 US cents per unit, 9.6% above projections

MANULIFE US Real Estate Investment Trust (Reit) is paying a 1.6 US cent distribution per unit for the third quarter, beating its projection of 1.46 US cents by 9.6 per cent as it took in contributions from its maiden acquisition of 500 Plaza Drive in New Jersey.

Brokers' take: OCBC cuts Starhill Global Reit to 'hold' on Singapore office weakness

OCBC Investment Research has downgraded Starhill Global Reit to a "hold" after occupancy in its Singapore office portfolio fell sharply in the latest quarter...
HOCK LOCK SIEW

SGX set to harvest seeds sown in new businesses, IPO pipeline as markets recover

THE Singapore Exchange (SGX) may have fallen far since the turn of the decade, but the various seeds it has planted in the last few years should put it in good stead as it enters a positive but highly uncertain arc in the business cycle.

Former president Tony Tan takes on role as chief patron of SIAS

Former president Tony Tan Keng Yam has accepted an invitation to be the first chief patron for the Securities Investors Association (Singapore), the shareholder advocacy group known as SIAS announced on Tuesday.