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. ...

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.

Pacific Radiance cuts Q3 net loss to US$13.2 million by slashing costs

OFFSHORE and marine group Pacific Radiance reduced its third-quarter net loss by 27 per cent to US$13.16 million from a year-ago loss of US$17.97 million as efforts to contain operation and overhead costs gained traction.

Gold miner CNMC's Q3 profit falls 46% to US$0.96 million on poorer ore grades

MALAYSIAN gold miner CNMC Goldmine Holdings' third-quarter net profit fell by half to US$957,300, or 0.33 Singapore cent per share, as lower ore grades affected production and sales...

New Silkroutes expects revenue of at least US$500m for FY2018

MAINBOARD-listed New Silkroutes Group (NSG) is expecting revenue of at least US$500 million in FY18 after turnover doubled while loss widened in the first fiscal quarter.

Embracing grief

"NO ONE ever told me that grief felt so like fear," C S Lewis once wrote, and he was right. ...

Know Your Customer compliance costs continue to grow at financial firms: surveys

Know Your Customer (KYC) requirements continue to burden financial firms with higher compliance costs and ballooning headcounts around the world, surveys by Thomson Reuters have found.

Yang Kee Logistics to buy NZ peer Fliway for S$52.1m

SINGAPORE'S Yang Kee Logistics has entered into an agreement to purchase New Zealand-listed logistics firm Fliway Group for S$52.1 million...

Civmec commences ASX dual listing plans

MAINBOARD-LISTED Civmec said on Thursday it has appointed PwC Australia to formally evaluate options for a dual listing on the Australian Securities Exchange (ASX).

Price, rentals of Singapore industrial space continue to moderate in Q3

PRICES and rentals of industrial space continued to moderate in tandem with occupancy rates for the third quarter this year, JTC said in its quarterly market report on Thursday.

Yang Kee Logistics to buy New Zealand peer Fliway for S$52.1m

SINGAPORE'S Yang Kee Logistics has entered into an agreement to purchase New Zealand-listed logistics firm Fliway Group for S$52.1 million...

Singapore shares open down on Thursday

SINGAPORE stocks opened lower on Thursday, with the Straits Times Index retreating 0.2 per cent or 7.59 points to 3,336.29 as at 9.02am.