Worldwide M&A deals could grow -1% to 6% in Q1 2018: study

THE number of merger and acquisition (M&A) deals announced worldwide is set for a fourth consecutive year of growth in 2017, and could grow by around 2 per cent year-on-year in the first quarter of 2018, a study by Intralinks has found.

Singapore-Sichuan trade meeting: IE Singapore inks MOU with Sichuan govt

International Enterprise (IE) Singapore has inked a memorandum of understanding (MOU) with the Sichuan provincial government to help Singapore companies access more opportunities in the Sichuan Free Trade Zone (FTZ).

DBS sees double-digit growth from consumer and SME business in Singapore, Hong Kong

DBS Group Holdings expects income from its consumer and SME (small and medium enterprise) business in Singapore and Hong Kong to grow at a double-digit pace, and to potentially contribute 50 per cent of total income in five years, chief executive Piyush Gupta said in a presentation outlining the...

Hatten Land acquiring two development sites in Malacca for RM108.6m

DEVELOPER Hatten Land is acquiring two parcels of land in Malacca for RM108.6 million (S$35.32 million) to develop separate integrated projects, the firm said on Thursday night.

Darco to raise S$900,000 from share placement to significant shareholder

WATER treatment specialist Darco Water Technologies is raising S$900,000 through a placement arrangement with significant shareholder Robert Stone, who will take up 1.5 million new shares of the company at S$0.60.

Singapore shares lower at Thursday break; STI down 0.4% to 3,354.73

SINGAPORE shares entered the mid-day break in negative territory, with the Straits Times Index down 0.4 per cent, or 13.97 points, to an indicated 3,354.73 as at 12.01pm.

Hot stock: QT Vascular gains 5.88% after AngioScore settlement

SHARES of QT Vascular rose 5.88 per cent, or one tick, higher to S$0.018 as at 10.13am on Thursday after the company settled a long-standing dispute.

Genting HK halts trading, pending announcement relating to disposal of Norwegian Cruise Line shares

GENTING Hong Kong halted trading of its shares on the Singapore bourse before markets opened on Thursday, pending an announcement related to the disposal of its shares in Nasdaq-listed Norwegian Cruise Line Holdings, it said it a filing with the Singapore Exchange.

Darco places 1.5m new shares at S$0.60 each to raise S$900,000 for pursuing projects

WATER treatment specialist Darco Water Technologies is raising S$900,000 through a placement of 1.5 million shares at S$0.60 each to controlling shareholder Robert Stone.
SINGAPORE FINTECH FESTIVAL

Blockchain-based digital trade platform for SMEs to debut in 2018

SINGAPORE'S first blockchain-based digital-trade platform for small and medium enterprises (SMEs) will be ready come the first quarter of the new year. Called Fasttrack Trade (FTT), it will enable SMEs to seek business partners, buy and sell goods and buy insurance on a single platform. ...

En bloc fever rages as Pearlbank aims for S$728m

OWNERS of the iconic Pearlbank Apartments are hoping that the en bloc fever will last as the tender for its sale will be launched with a reserve price of S$728 million. Meanwhile, Parkway Mansion in Katong, Derby Court near Novena and Riviera Point close to Great World City also jumped onto the...

Deloitte recruits new hires to strengthen data analytics capabilities in Asia Pacific

RESPONDING to a robust demand for data analytics across the Asia Pacific region, Deloitte on Wednesday said it is partnering specialists in big data and analytics solutions, Cameron Price and Gerard Skybey along with their team to enhance the accounting firm's data analytics capabilities. ...

En bloc sales: Pearlbank aims for S$728m, Parkway Mansion targets S$138m

Condominium projects Pearlbank Apartments and Parkway Mansion will launch separate tenders for collective sale on Nov 16, marketing agent Colliers International announced on Wednesday.

Manulife prices first green bond; S$500m of 12-year notes offer 3% coupon

MANULIFE Financial Corp has priced S$500 million of green bonds, a series of 3 per cent, 12-year notes whose proceeds the Canadian insurer will use for sustainable investments.

AusNet Services H1 profit rises 14.1% to A$203.7m due to colder weather

POWER company AusNet Services on Wednesday announced a net profit of A$203.7 million (S$210.52 million) for the half year ended Sept 30, 2017, 14.1 per cent higher than the A$178.6 million registered last year.

Singapore to launch first digital trade platform for SMEs using blockchain technology

SINGAPORE's first blockchain-based digital trade platform for small and medium enterprises (SMEs) will be ready, come the first quarter of 2018. ...

Miclyn Express Offshore working with Sias to engage bondholders

PRIVATELY held Miclyn Express Offshore is working with the Securities Investors Association (Singapore) to engage holders of its US$150 million of 8.75 per cent bonds, due on Nov 25, 2018.

M1, VMware unveil cloud offering for Singapore digital startups

COMMUNICATIONS company M1 Limited and global leader in cloud infrastructure, VMware Inc, on Tuesday announced a new cloud offering designed to empower digital startups in Singapore.

MoneyMax to buy stakes in 13 pawn brokers in Malaysia for RM56.6m

CATALIST-LISTED MoneyMax Financial Services said on Tuesday its wholly owned subsidiary, Cash Online Sdn Bhd has entered into an agreement with CMS Top Holdings Sdn Bhd and four individuals to purchase interests in 13 pawn brokers in Malaysia for RM56.6 million (S$18.3 million) in cash. It plans to...

Sarine falls to net loss of US$530,000 in Q3 on surplus of diamonds in market

MAINBOARD-listed Sarine Technologies registered a net loss of US$530,000 for the quarter ended Sept 30, down from a year-ago net profit of US$3.99 million as sales decreased.

Skills and career paths drawn up for 119 infocomm tech roles

FIRMS and individuals can now access information on the skills and career pathways for new, in-demand infocomm technology (ICT) roles such as those of chief digital officers, data scientists and cyber-risk analysts.

LTA awards S$205m contract for Circle Line 6 to China State Construction

THE Land Transport Authority on Friday awarded a S$205 million contract for Circle Line 6 (CCL6) to the Singapore branch of China State Construction Engineering Corporation.

Tat Hong: StanChart PE makes non-binding offer at S$0.50/share

CRANE-supplier Tat Hong Holdings on Friday said that it has received a non-binding letter from Standard Chartered Private Equity Singapore (SCPE) confirming its proposal to acquire shares of the firm at 50 Singapore cents apiece.

SGX's volumes will shift around but won't grow much with lunch break: Nomura

THE SINGAPORE Exchange's (SGX) reinstatement of the lunch break on Monday will be more street cart than full-service banquet when it comes to impact on trading volumes, analysts at Nomura's Instinet Pacific said in a report...

Singapore launches skills framework for ICT roles, to subsidise consultancy fees

FIRMS and individuals in Singapore can now enjoy better access to the skills and career pathways required for new, in-demand infocomm technology (ICT) roles such as chief digital officer, data scientist and cyber risk analyst among others.