K1 plans S$131m distribution after stake sale

INVESTMENT holding company K1 Ventures - in which Temasek Holdings owns a deemed stake - has proposed to distribute surplus cash to its shareholders by way of a capital reduction exercise, following the sale of its entire interest in Guggenheim Capital.

K1 Ventures proposes capital reduction to distribute surplus cash to shareholders

INVESTMENT holding company K1 Ventures has proposed a capital reduction exercise, which will see the company distributing cash to its shareholders.

Food company QAF's Q2 profit plunges 72%

MULTI-INDUSTRY food company QAF on Tuesday reported a 72 per cent plunge in net profit attributable to shareholders for its fiscal second quarter ended June 30, 2017.

Corporate governance reaches new high but better stakeholder engagement needed

SINGAPORE companies have raised their corporate governance practices to a new level, going by the Singapore Corporate Governance and Transparency Index (SGTI) released on Tuesday. Closer examination, however, reveals that more remains to be done in areas such as disclosures of stakeholder...

SPH Reit achieves stable Q3 results

SINGAPORE-BASED mall investment trust SPH Reit on Wednesday reported a 2 per cent uptick in its distributable income to S$35.7 million for the quarter ended May 31, 2017, from S$35 million the year before.

SPH Reit reports 0.7% increase in Q3 DPU

SINGAPORE-BASED mall investment trust SPH Reit on Wednesday reported a 5.4 per cent growth in net property income to S$42.2 million in its fiscal third quarter, from S$40 million the year before.

Value of global M&As up on mega deals

The value of mergers and acquisition (M&A) deals around the world has grown in the first half of the year, compared to the same period last year, said Mergermarket, as companies "future-proof" themselves in the wake of rapid changes to technology and politics to keep ahead of rivals...

Hans Tjio appointed deputy chairman of SGX's Listings Advisory Committee

HANS Tjio, National University of Singapore (NUS) law professor and co-director of the NUS Faculty of Law's Centre for Banking and Finance Law, has been re-designated as deputy chairman of the Listings Advisory Committee (LAC) of Singapore Exchange (SGX), the bourse announced on Wednesday...

Reits, trusts under scrutiny with new governance index

A NEW set of corporate governance rankings has been launched, officially putting Singapore's real estate investment trusts (Reits) and business trusts (BTs) on notice: their corporate governance practices have been and will henceforth be scrutinised, assessed and tabulated for the investing...

Keppel DC Reit tops first governance index for Reits and trusts

KEPPEL DC Reit, Parkway Life Reit, Soilbuild Business Space Reit, AIMS AMP Capital Industrial Reit and Starhill Global Reit have emerged tops - in that order - in the first-ever published corporate governance rankings for real estate investment trusts (Reits) and business trusts (BTs) here.

Singapore inks agreements on tax-information exchange

SINGAPORE inked two agreements in the Netherlands on Wednesday, signifying that it has moved a step further in its commitment to automatically exchange tax information with other jurisdictions, under global efforts to address issues such as tax evasion and tax avoidance.

Asian cities among world's most expensive for expatriates: Mercer

GLOBALISATION may have boosted the growth strategy of many companies, but it does not necessarily follow that operating overseas always makes sense - cost-wise, at least.

New scheme opens doors in Asean for Singapore accountants

SINGAPORE accountants will soon find it easier to operate in markets across the region, thanks to a new accreditation available to the profession here.

Singapore to ink agreements to enhance tax cooperation on exchange of information

SINGAPORE will be inking two agreements to enhance tax cooperation on the exchange of information.

Manulife US Reit's private placement oversubscribed

STRONG investor interest has led to the private placement of new units in Manulife US Real Estate Investment Trust (Manulife US Reit) being oversubscribed.

Manulife US Reit placement oversubscribed, gross proceeds up to US$80.5m

MANULIFE US Real Estate Management, the manager of Manulife US Real Estate Investment Trust (Manulife US Reit), announced on Tuesday that its private placement of 73.6 million new units in Manulife US Reit was "well over-subscribed with strong participation from new and existing institutional...

SGX highlights consumer plays with China focus

BEST World International, Shangri-La Asia and Hanwell Holdings have been singled out by the Singapore Exchange (SGX) as being among the best-performing Singapore consumer plays with a China focus.

Asian firms 'still not ready for new hedge accounting'

WITH less than six months to go before hedge and financial-assets accounting is overhauled worldwide - with the largest impact expected for banks and financial institutions - preparers in Asia appear to be less than ready for it.

Smaller Asian firms offer best long-term potential: Schroders

IT IS the Davids of the corporate world that appear to be offering the best long-term investment potential in Asia, these days.

Far from (The) Ordinary

THE Ordinary is a range of apothecary-style skincare products from just about the hottest beauty company in existence right now: Deciem.

Boustead Projects' Q4 earnings jump 165% on one-off gains

REAL-ESTATE player Boustead Projects reported a 165 per cent jump in fourth-quarter earnings, thanks mainly to one-off gains for the period.

Boustead Projects' Q4 profit jumps 165%

BOUSTEAD Projects reported on Monday a 165 per cent jump in fourth-quarter net profit attributable to shareholders to S$14.3 million in the three months ended March 31, 2017, from S$5.4 million the year before.

Sunvic Chemical narrows Q1 loss as revenue rises

SUNVIC Chemical Holdings reported on Tuesday a narrowing of its fiscal first-quarter losses.

Sunvic Chemical narrows losses in Q1

SUNVIC Chemical Holdings on Tuesday reported a narrowing of its fiscal first-quarter losses.

Golden Energy's coal mining division boosts Q1 profit

INDONESIAN coal mining group Golden Energy and Resources (GEAR) reported a sharp jump in its net profit for its fiscal first quarter, coming on the back of much-improved takings by its coal mining division.