Drew & Napier CEO Cavinder Bull elected to ICCA Governing Board

THE Governing Board of the International Council for Commercial Arbitration (ICCA) has elected Drew & Napier's CEO Cavinder Bull to join them as a board member effective April 1 this year...

Singapore shares enter Friday afternoon trade on higher ground; STI at 3,524.75

SINGAPORE stocks opened 1 per cent higher on Friday afternoon, with the Straits Times Index advancing 36.29 points to 3,524.75 as at 1.02pm.

Brokers' take: UOB Kay Hian bullish on Venture, sees profit surpassing 2018 consensus estimate

UOB Kay Hian has upgraded mainboard-listed Venture Corporation to a "buy", and is upbeat that the global electronics provider has potential revenue in excess of S$2.5 billion per year. ...

Sembcorp Q4 profit down 85%; plans to list India energy business

SEMBCORP Industries on Friday revealed plans to list its India energy business and to reposition its utilities arm as it posted an 85 per cent drop in net profit.

Sheng Siong's Q4 profit up 9.3%

SUPERMARKET chain Sheng Siong Group reported a 9.3 per cent rise in net profit for the fourth quarter, as government grants gave a boost to the group's bottom line...
SINGAPORE BUDGET 2018

Singapore Budget 2018: Taxes take centre stage; concerns over manpower policies

THIS year's Budget delivered by Finance Minister Heng Swee Keat on Monday outlined the steps Singapore must take to prepare for three major shifts in the coming decade. These are: the shift in global economic weight towards Asia, the emergence of new technologies, and an ageing population. Is...

Sakae profitable in Q4, but still faces tough conditions

SAKAE Holdings returned to profitability in 2017, posting a fourth-quarter net profit of S$99,000 as the food and beverage group cut administrative and other operating expenses.

Oxley consortium chosen as preferred bidder for Myanmar railway project

A CONSORTIUM that includes Singapore-listed developer Oxley Holdings has clinched "preferred bidder" status for the Yangon Central Railways Station Area Comprehensive Development Project in Myanmar...

Alliance Mineral Assets, Tawana commence commissioning at Australian plant

AUSTRALIAN mining company Alliance Mineral Assets (AMAL) and Tawana Resources have taken their next step toward production with the start of commissioning of a plant in Western Australia.

Sakae back in black with Q4 net profit of S$99,000, but faced operating cash outflow

SAKAE Holdings returned to profitability in 2017, posting a fourth-quarter net profit of S$99,000 as the food and beverage group cut administrative and other operating expenses.

Three Singapore-based companies win solar project deals

THREE Singapore-based companies have secured deals for solar-related projects in the Asia-Pacific.

Sunseap International, InfraCo Asia to jointly develop solar project in Vietnam

SUNSEAP International and a Singapore infrastructure development and investment company will jointly develop a solar power project in Vietnam.

Brokers' take: DBS, CGS-CIMB upgrade on SIA as airline set to benefit from global economic recovery

TWO research houses - DBS Group Research and CGS-CIMB Securities Research - have upgraded their target prices for Singapore Airlines (SIA) by at least 13 per cent, following news of a 62 per cent jump to S$286.1 million in net profit that the airline posted for the third quarter.

World Class Global sinks further into the red with full-year loss of S$9m

DEVELOPER World Class Global has sunk further into the red as it posted a full-year net loss of S$9 million from S$6.3 million a year ago.

UOB Q4 profit grows 16% to S$855m

UNITED Overseas Bank on Wednesday reported a 16 per cent rise in its fourth quarter net profit to S$855 million, mainly due to an increase in net interest income, fee and commission income and net trading income.

Star Alliance, Accenture launch digital services platform

STAR Alliance and Accenture have launched a digital services platform to create a more seamless experience for travellers in the 28-airline member network. The platform can gather data provided by an individual member airline or third-party source and make it available to all members, allowing them...

Mirach Energy's unit to acquire 70% interest in Malaysian timber firm in plan to expand core business

MIRACH Energy's wholly-owned subsidiary is intending to acquire a 70 per cent equity interest in RCL Kelstar Sdn Bhd to jointly develop a multi storey project in Malaysia. ...

India fintech seeking to raise at least US$87m to grow tech capabilities

AN Indian fintech company is seeking to raise over US$87 million of equity funding to expand its technological and analytics capabilities.

Star Alliance, Accenture enhance seamless travel experience with digital services platform

STAR Alliance and Accenture have launched a digital services platform to create a more seamless experience for travellers in the 28-airline member network.

Infinio Group to acquire Kim Chuan Terrace property for S$10.8m

MINERAL oil and gas firm Infinio Group is intending to purchase a Kim Chuan Terrace property for S$10.8 million, with the board proposing a change of name for the company.

CapitaLand buys Pearl Bank Apartments for S$728m; Q4 profit falls 38%

CAPITALAND on Tuesday announced it has acquired the iconic Pearl Bank Apartments in Chinatown for S$728 million, as the developer posted separately a 38 per cent drop in its fourth-quarter net profit.

Lower profit margins take a toll on OKP's Q4 earnings

INFRASTRUCTURE and civil engineering company OKP Holdings posted a 75 per cent fall in net profit for the fourth quarter, as a lower profit margin for some projects weighed on earnings.

OKP Holdings' Q4 net profit falls 75%

INFRASTRUCTURE and civil engineering company OKP Holdings posted a 75 per cent fall in net profit for the fourth quarter, as a lower profit margin for some projects weighed on earnings.

Single premiums boost Singapore insurance growth for Q4

WITH the life insurance industry in Singapore growing in all aspects in the fourth quarter last year, the Life Insurance Association Singapore (LIA Singapore) is looking into bringing member companies together to create one seamless platform for policy holders to submit claims more easily.

Frasers Property's Q1 profit falls 59% to S$76.9 million

FRASERS Property, formerly known as Frasers Centrepoint, posted a 59 per cent fall in net profit after fair value change and exceptional items in the first quarter.