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...

Amro agrees with IMF, ESM to enhance collaboration

THE Asean+3 Macroeconomic Research Office (Amro) has signed agreements to improve collaboration with the International Monetary Fund (IMF) and the European Stability Mechanism (ESM).

Narrowed skills gap eases Singapore's labour market pressure: Hays

LABOUR market pressure in Singapore has eased over the past year thanks to a narrower skills gap, according to a global skills survey by recruitment firm Hays.

Asean to sign cross-border bus pact, further integrate transport markets: Teo Chee Hean

SOUTH-EAST Asian nations will sign a pact on cross-border bus services and take further steps to integrate the regional air and shipping markets over the next few days, Deputy Prime Minister Teo Chee Hean said on Thursday at the opening of the 23rd Asean Transport Ministers meeting in Singapore.

Veteran corporate banker Eddy Henning joins ING Bank

ING Bank announced on Wednesday its appointment of veteran corporate banker, Eddy Henning, as head of Corporate Client Coverage, Transaction Services and Corporate Finance Asia, effective Jan 1, 2018.

Logistics startup Lalamove raises US$100m for growth

HONG KONG-BASED logistics startup Lalamove, which has a presence in Singapore, has raised US$100 million in its latest round of funding.

Singapore Sept non-landed private home rents dip 0.1%; HDB rents fall 0.9%: SRX

RENTS for Singapore's non-landed private homes fell 0.1 per cent in September compared to a month ago, according to flash estimates released by SRX Property on Wednesday. ...

Spackman spends S$7.6m in cash and shares to acquire studio, raise talent agency stake

SINGAPORE-LISTED South Korea-based entertainment company Spackman Entertainment Group is acquiring Korean film production company Studio Take for S$3.9 million in cash and stock.

SMU, Spring, EDB launch retail industry development centre

SINGAPORE Management University (SMU), Spring Singapore and the Economic Development Board (EDB) have jointly launched the Retail Centre of Excellence (RCoE) to offer research and insight into Singapore's retail industry...

ICT solutions provider Adventus names RHT Capital as Catalist sponsor

INFORMATION and Communications Technology (ICT) solutions provider, Adventus Holdings, has appointed RHT Capital Private Limited (RHT Capital) as its new sponsor, the company said in a Singapore Exchange filing on Tuesday.

Aon developing Singapore innovation centre; to raise headcount by 40%

THE Aon Centre for Innovation and Analytics (ACIA) plans to increase its headcount by 40 per cent over the next five years, as it develops its premises in Singapore's business district...

Diamond bullion to be listed in Singapore

THEY say diamonds are a girl's best friend, well these friends may soon be traded...

City Developments may make general offer for Millennium & Copthorne

PROPERTY developer City Developments Limited (CDL) has negotiated a price with its London-listed hotel arm, Millennium & Copthorne (M&C), for a possible general offer (see amendment note) that would price the unit at about £1.8 billion (S$3.2 billion).

City Developments halts trading pending announcement

PROPERTY developer City Developments Limited (CDL) has halted trading of its shares pending an announcement.

Brokers' take: Analysts issue 'buy' on SembMarine; DBS cites rig market recovery

A LANDMARK US$1.3 billion deal between Sembcorp Marine (SembMarine) and Norwegian Borr Drilling is likely to drive SembMarine's share price up, analysts from several research houses said. ...