Great Eastern's Q3 profit up 21%

GREAT Eastern Holdings on Tuesday posted net profit of S$235.5 million for the third quarter ended Sept 30, 2017, 21 per cent higher than last year's S$195 million. ...

Darco shares soar in early trade after raising S$19.6m from strategic HK investor

SHARES of water treatment specialist Darco Water Technologies surged 16.8 per cent, or 9.5 Singapore cents, to reach 66 Singapore cents apiece as at 10.36am on Monday, making it one of the top 20 gainers on the Singapore bourse in early morning trade.

Board reshuffle continues at troubled dye maker China Fibretech

MAINBOARD-LISTED China Fibretech has made further changes to its board and board committees following the stepping down of its chairman and the resignation of one of its directors.

Singapore setting up energy transformation office; public sector to hire more engineers

WITH disruptive changes happening in the energy landscape, the Singapore government is setting up a National Energy Transformation Office (Neto) and will hire more engineers to pursue innovative energy solutions, said Deputy Prime Minister Teo Chee Hean at the Singapore International Energy Week.

Delong's 8.6% share surge prompts SGX query

STEEL manufacturer Delong Holdings has received yet another trading query from the Singapore Exchange (SGX) on Monday. This is the second query the company has received this month on the back of unusual price movements in its share price.

Hot stock: Darco shares surge after it raises S$19.6m from strategic Hong Kong investor

A STRATEGIC investor from Hong Kong is buying a 29.5 per cent stake in water treatment specialist Darco Water Technologies for at least S$19.6 million.

Ezion to seek bondholders' approval to restructure debt on Nov 20

LIFTBOAT operator Ezion Holdings will seek approval from holders of S$575 million of bonds on Nov 20 to restructure the company's debt...

TADM recovers S$5m in unpaid wages; eyes mandatory mediation for other disputes

BETWEEN April and September this year, 4,350 employees and 250 employers filed salary-related claims at the Tripartite Alliance for Dispute Management (TADM).

New rules to improve Singapore's industrial energy efficiency from Oct 1, 2018

TO improve the energy efficiency of electric motors and industrial facilities in Singapore, the National Environment Agency (NEA) will be introducing new requirements from Oct 1, 2018.

Open Electricity Market to roll out in Jurong in April 2018

COME April 2018, households and businesses in Jurong will be the first in Singapore to have the option of choosing their electricity retailers in the soft launch of a fully liberalised power market.

Broker's take: RHB issues 'buy' on Aspen

RHB has issued a "buy" call on Malaysian-based property development group Aspen (Group) Holdings, citing its strategic relationship with Ikea's South-east Asian franchisee as a key growth factor. ...

Fragrance's Koh Wee Meng to bid for New Wave at S$0.013/share

REAL estate tycoon Koh Wee Meng plans to make a voluntary conditional cash offer for all the issued ordinary shares in electronic component supplier New Wave Holdings at S$0.013 apiece.

SGX queries UMS Holdings over stock price surge

SHARES of UMS Holdings Limited shot up nearly 9 per cent to hit S$1.105 apiece at 1.15pm on Thursday, triggering a query from the Singapore Exchange (SGX) for its "unusual price movements". ...

Hot stock: SGX queries UMS as stock climbs 8.9%

SINGAPORE Exchange (SGX) has issued a query to precision engineering firm UMS Holdings Limited citing "unusual price movements". ...

URA opens tender for former Zouk site at Jiak Kim Street until noon of Dec 5

THE Urban Redevelopment Authority (URA) has launched a public tender for the site formerly occupied by popular nightspot Zouk with a reserve price of S$689.35 million.

Broker's take: RHB reviews 'neutral' call, target price on Keppel Reit

RHB is reviewing its "neutral" call and a target price of S$1.05 on Keppel Reit, citing negative rental reversions and a lower portfolio occupancy...

New Silkroutes unit to buy majority stake in European fund manager for US$2.6m

NEW Silkroutes Group (NSG) on Thursday announced that its wholly owned subsidiary New Silkroutes Capital (NSC) will acquire a 66 per cent stake in European fund manager, Culross Global Holdings for US$2.6 million.

Hong Kong developer set to emerge as 28% shareholder of Sapphire Corp

TWO of Sapphire Corp's largest shareholders are selling a 27.96 per cent stake in the company to Hong Kong-listed Hong Kong International Construction Investment Management Group (HKICIM) in a share swap that values Sapphire's shares at 51 Singapore cents apiece. ...

Bharti-Tata merger shaking up India's wireless market

INVESTORS seem to be giving the thumbs up for the merger between India's largest telecom services provider, Bharti Airtel - in which SingTel has a stake - and Tata Teleservices...

Hot Stock: Raffles Education closed 12.5% up as tycoon Oei seeks chairman's ouster

SHARES in Raffles Education closed at S$0.36 or 12.5 per cent higher on Friday, on news that tycoon Oei Hong Leong is seeking to oust chairman Chew Hua Seng.

Venture capitalist Wavemaker closes US$66m funding round

VENTURE capital firm Wavemaker Partners, which has a presence in Singapore, has closed its latest round of funding for South-east Asia at US$66 million, with support from the World Bank's International Finance Corporation (IFC). ...

Global Yellow Pages lowers purchase price for New Zealand land

GLOBAL Yellow Pages (GYP) on Friday announced that it has entered into a variation agreement to reduce the acquisition price for a plot of land in New Zealand.

Tata, Bharti plan consumer mobile business merger

OVER 40 million customers will stand to benefit from 4G Mobile when Bharti Airtel Limited (BTL) completes the merger of its Consumer Mobile Businesses (CMB) with Tata Teleservices.

Fed Minutes: Analysts mixed on Dec rate hike, USD under pressure

MINUTES from the US Federal Reserve's September meeting left analysts divided on Thursday about the expected pace of interest rate hikes, and the US dollar continued to face downward pressure...