Yield pressures weigh on SATS earnings, but also open new doors

YIELD pressures may have continued to eat into SATS Ltd's first-quarter results, but they are also opening up new opportunities that the company is already looking at...

SATS Q1 net profit falls 10.6% in absence of one-time gain

NET profit at SATS Ltd fell by a year-on-year 10.6 per cent to S$57.3 million for the three months ended June 30 due the absence of one-time gain. Underlying net profit had inched up by 3.2 per cent.

Koh Brothers, Heeton Land sell off joint venture for S$41.6m

CONSTRUCTION and engineering firm Koh Brothers Group, together with another stakeholder, has sold off their joint venture, Buildhome Pte Ltd, for S$41.6 million.

Leo Yip takes over as civil service head on Sept 1

SINGAPORE'S civil service will get a new head starting Sept 1, when Leo Yip, 53, takes over from current head Peter Ong, 56...

Leo Yip to take over as head of Singapore civil service from Peter Ong on Sept 1

SINGAPORE'S civil service will get a new head starting Sept 1, when Leo Yip, 53, takes over from current head Peter Ong, 56...
SINGAPORE ECONOMY

Economists divided on prospects of full-quarter growth for manufacturing and services

But this narrowing of a growth gap between the two sectors, indicated in the advance estimates of Q2 gross domestic product (GDP) growth released on Friday, did not give economists cause for cheer.
FUTURECHINA GLOBAL FORUM

Singapore not a middleman in Sino-US ties, but friends with both sides: PM Lee

SINGAPORE does not expect to be a middleman between China and the United States, but what it hopes is to maintain friendships with both powers based on mutual understanding and respect, Singapore's Prime Minister Lee Hsien Loong said on Friday...

Services growth picks up pace in Q2 at 1.7% y-o-y, manufacturing leads at 8%

GROWTH in Singapore's services sector picked up pace, according to advance estimates of second-quarter performance, while manufacturing continued to lead overall economic expansion, though at a slower pace...
FUTURECHINA GLOBAL FORUM

Three areas of Singapore-China cooperation can support Belt & Road project: DPM Teo

THE significance of China's Belt and Road (B&R) Initiative extends far beyond how China can benefit from this initiative, to how other countries can also benefit from it, said Singapore's Deputy Prime Minister Teo Chee Hean on Thursday...

Openness, connectivity key to realising full potential of China's Belt and Road Initiative: DPM Teo

OPENNESS in the right of transit passage for ships and aircraft, or in exploring new forms of cooperation between countries, is a key aspect of connectivity that can help China's Belt and Road (B&R) Initiative realise its full potential, said Singapore's Deputy Prime Minister Teo Chee...

COE supply to fall by 13.7% from August to October

THE supply of certificates of entitlement (COE) will dip by 13.7 per cent in the coming three months, as fewer vehicles were deregistered in previous months.

JM seeks buyers for Mercator's listing status as current deal falls through

MERCATOR Lines, which is under judicial management, has terminated a proposed deal which would have seen its listing status transferred to a company to be set up by two individuals.

Singapore ready to embark on automatic exchange of financial account information relationship with Indonesia

SINGAPORE is ready to embark on a new bilateral relationship with Indonesia that facilitates the automatic exchange of financial account information.

LTA to call tender to install 3,000 bicycle parking lots at 28 MRT stations

SINGAPORE'S Land Transport Authority (LTA) will be issuing a tender to install 3,000 parking lots at 28 MRT stations...

Singapore retail sales up 0.9% y-o-y in May, down 1% m-o-m

RETAIL sales in Singapore in the month of May notched minute gains when compared to a year ago, but weakened from the preceding month.

Frustrated Mercator Lines judicial manager jettisons old lifeline, searches for new investors

THE search is on again for a new lifeline for shipping company Mercator Lines' frustrated judicial manager, as he jettisons one that was thrown to it three months ago...

COE supply for Aug to Oct dips to 9,122 per month

SOME 9,122 certificates of entitlement (COE) will be released by the Land Transport Authority (LTA) each month over the next three months, a dip from the 10,568 monthly average in the preceding period.

Aberdeen Asset Management launches 5 new funds in Singapore

ABERDEEN Asset Management has launched five new funds simultaneously for sale to the public in Singapore, some of which are the group's first multi-asset funds here...

Singapore shares open slightly higher by 0.06% on Wednesday

SINGAPORE shares rose slightly at the start of trading on Wednesday, a departure from other regional markets as political scandals rock the United States.

Stocks to watch: OCBC, Great Eastern, United Engineers, Perennial, Yanlord Land

THE following companies saw new developments that may affect trading of their shares on Wednesday.

Nobel Design suspends trading

TRADING in the shares of Nobel Design will be suspended with effect from Wednesday.

Yanlord Land requests for trading halt

REAL estate developer Yanlord Land Group has requested for a trading halt of its shares on Wednesday morning before market open.

OCBC, Great Eastern talks to sell UEL stake enter final stages; Perennial calls for trading halt

ONE BIDDER has been shortlisted to take over Oversea-Chinese Banking Corporation Limited (OCBC) and Great Eastern Holdings Limited's combined stakes in United Engineers Limited (UEL) and its subsidiary WBL Corp Ltd, the pair said in a release to the Singapore Exchange before market open on...
FIRST-DAY TRADING

Y Ventures up as much as 27.3% in first-day trading

THE counter of homegrown e-commerce retailer and distributor Y Ventures Group rose as much as 27.3 per cent above its initial public offering (IPO) price on Tuesday before closing its first day of trading on Catalist 15.9 per cent higher than the IPO price.

Great Eastern rebrands general insurance arm

GREAT Eastern Holdings has rebranded its general insurance arm as it looks to turn it into a significant source of growth for the group, with operations to follow suit in Malaysia at the end of August.