Piracy, armed robbery incidents rose in Asia last year: report

THE number of reported incidents of piracy and armed robbery against ships in Asia rose 19 per cent in 2017 compared to 2016.
TOPLINE

Hassan Basma blazes a trail with Swissco buy-out offer

THESE days, Hassan Basma is better known for blazing a trail by cutting the first deal that will bring new equity for Singapore's cash-strapped offshore and marine (O&M) sector. ...

CWG injects US$25m debt financing in US hospitality business

SINGAPORE-LISTED real estate group, CWG International, has extended US$25 million of debt financing to Delaware-incorporated US Hospitality Investments.

Ezra gets extension until Feb 19 to file reorganisation plan

THE US Court has granted Ezra Holdings and its two subsidiaries extra time to file a plan of reorganisation under Chapter 11 of the US Bankruptcy Code.

Datapulse should diversify: board

THE board of Datapulse Technology is of the view that the company's immediate priority is to consider viable alternatives to diversify from an existing business that has limited prospects for profitability or growth. ...

Datapulse board views diversification as immediate priority

THE board of Datapulse Technology views diversification from an existing business that has limited profitability and growth prospects as an immediate priority, according to a letter by its chief financial officer, Michael Lee, to the Singapore Exchange this evening.

CWG unit injects US$25m debt financing in US hospitality business

CWG International's wholly owned subsidiary, Chiwayland Group (S), has subscribed to a promissory note with a principal amount of US$25 million that was issued by Delaware-incorporated US Hospitality Investments, LLC...

AnAn to get US$3.5 m from deal with controlling shareholder

AnAn International has signed a service agreement with its controlling shareholder that will grant the company a service fee of US$3.5 million.

Nordic Group to buy Tuas property

PRECISION engineering and systems integration solutions provider Nordic Group has signed an option to purchase an industrial property in Tuas for S$6.2 million from Microdyn-Nadir Singapore Pte Ltd.

Nordic Group to buy Tuas property for S$6.2m

PRECISION engineering and systems integration solutions provider, Nordic Group, has signed an option to purchase an industrial property in Tuas at a consideration of S$6.2 million from Microdyn-Nadir Singapore Pte Ltd.

CapitaLand to sell 20 malls in China for 8.37b yuan

CAPITALAND is set to divest its share of interest in a group of companies that hold 20 retail malls in China for an agreed value of 8.37 billion yuan (about S$1.71 billion) to unrelated parties.

Current Keppel, KOM boards 'not aware' of Brazil illegal payments

THE current boards of directors of Keppel Corporation and its unit Keppel Offshore & Marine (KOM) were not aware of the illegal payments made to secure projects in Brazil, the group said.
NEWS ANALYSIS

Keppel scandal holds lessons for Singapore Inc

SINGAPORE Inc's rejection of corruption in business cannot be anything but unequivocal, yet the realities of operating overseas in markets and sectors where such lines are not so clearly drawn pose real challenges for local companies, observers say...
SINGAPORE BUDGET 2018

Call to stagger GST hike; or lower registration threshold for companies: Deloitte

IF the Goods and Services Tax (GST) is raised, the increase should be phased in gradually to lessen the impact on households, two professional services firms said.

Ascott lands contract to manage nine more properties in China

THE Ascott has sealed contracts to manage nine properties with over 2,000 units in China, putting the service residence business unit of CapitaLand on track to achieve its global target portfolio of 80,000 units in 2018, two years ahead of schedule.

EY calls on Budget 2018 to sharpen Singapore's global competitiveness, stagger any GST increases

ACCOUNTING and professional services firm EY in its Budget 2018 wish-list released on Thursday called on the Singapore government to take a two-pronged focus - sharpening the country's competitiveness and attractiveness to global investors and keeping taxes broad-based, progressive and fair...

MAS chief Ravi Menon named best central bank governor in Asia-Pacific

THE managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, has been named the best central bank governor in Asia-Pacific for 2018 by UK-based magazine, The Banker.

Cosco's takeover offer for Cogent turns unconditional

THE S$1.02-a-share cash offer by Chinese shipping company Cosco Shipping International (Singapore) for Cogent Holdings has become unconditional with the offeror having received valid acceptances representing about 92.05 per cent of the total number of shares.

Cordlife to buy cord blood bank HealthBaby

IN a bid to expand its presence in Hong Kong and Macau, Singapore-listed consumer healthcare company Cordlife Group has signed an agreement to buy out private cord blood bank HealthBaby Biotech (Hong Kong) Co from Stemgen Biotech Holding.

Real estate veteran named ARA assistant group CEO

ARA Asset Management has appointed Chia Nam Toon, who has over 10 years of real estate experience, as assistant group chief executive officer.

Finnish firm wins PSA contract to service cargo handling equipment

PSA Corp has awarded another three-year term contract to Kalmar, a unit of Finnish cargo-handling services and solutions provider Cargotec, for the maintenance and repair of mobile equipment.

City Towers in Bukit Timah launches en bloc tender with S$355m reserve price

CITY Towers, a freehold property along Bukit Timah Road, will be launched for collective sale at an owners' reserve price of S$355 million. ...

ARA names Chia Nam Toon as assistant group CEO

ARA Asset Management has appointed Chia Nam Toon, a veteran with over 10 years of real estate experience, as assistant group chief executive officer (CEO).

PSA Corp awards 3-year cargo handling equipment service contract to Kalmar

PSA Corp has awarded another three-year term contract to Kalmar, a unit of Finnish cargo handling services and solutions provider Cargotec, for the maintenance and repair of mobile equipment.

Cordlife to acquire Hong Kong private cord blood bank HealthBaby

CORDLIFE Group has signed an agreement to buy out private cord blood bank, HealthBaby Biotech (Hong Kong) Co, Limited, in a move to expand its presence in the industry in Hong Kong and Macau.