CSC Holdings warns of losses in upcoming Q3 results

ENGINEERING services firm CSC Holdings issued a profit warning after trading hours on Monday, announcing that it expects to report a net loss for its third quarter and nine months ended Dec 31, 2017.

Dukang Distillers issues profit warning on lower revenue, earnings for Q2

DUKANG Distillers Holdings announced after trading hours on Monday that the group expects its overall revenue and earnings to be significantly lower for its second quarter ended Dec 31, compared to a year ago.

NetLink NBN Trust posts S$21.7m net profit for Q3, up from forecasts

NETLINK NBN Trust on Monday posted a profit attributable to unitholders of S$21.7 million for its third quarter ended Dec 31, up 32.5 per cent from its earlier forecast of S$16.4 million.

Consumer analytics startup Snapcart to launch in Singapore

SOUTH-EAST Asian consumer analytics startup Snapcart is expanding its services to Singapore, following a US$10 million Series A funding round led by Singapore venture capital Vickers Ventures Partners, including investors such as SPH Ventures (formerly SPH Media Fund) and Wavemaker Partners.

EDBI joins investors in US$500m funding for US biotech unicorn

EDBI, the investment arm of the Singapore Economic Development Board, has joined a group of investors in a US$500 million funding round for US biotech Moderna Therapeutics.

SingPost's Q3 net profit up, driven by broad growth, changes in US tax rates

SINGAPORE Post's third-quarter net profit rose 37.2 per cent to S$43 million on better performance in its postal, eCommerce and property segments, and from a one-off S$6.9 million adjustment from changes in the US corporate tax rate...

EDBI joins US$500m funding round for US biotech Moderna

EDBI, the investment arm of the Singapore Economic Development Board, has joined a group of investors in a US$500 million (S$656 million) funding round for US biotech Moderna Therapeutics.

SingPost's Q3 net profit rises 37.2% to S$43m on broad growth, US tax changes

SINGAPORE Post's third-quarter net profit rose 37.2 per cent to S$43 million on better performance in its postal, eCommerce and property segments and from a one-off S$6.9 million adjustment from changes in the US corporate tax rate...

Spackman's The Outlaws sells 11b won through video on demand

VIDEO on demand (VOD) sales for Spackman Entertainment Group's 51 per cent owned-movie The Outlaws exceeded 11 billion Korean won (S$13.4 million) after two months, the Korean film production company announced on Friday...

Jumbo Services to open restaurant in Xi'An, China

JUMBO Group will establish a new branch office and Jumbo Seafood restaurant in Xi'An, China, the restaurant operator announced on Thursday after the market closed...

SIC: Hyflux's Lum must make offer for HyfluxShop following dividend in specie

HYFLUX controlling shareholder Olivia Lum must make a general offer for the water treatment company's consumer business after the completion of a dividend in specie distribution, according to the Securities Industry Council (SIC)...

Debt payment behaviour of Singapore SMEs worsened in 2017

DEBT payment behaviour of Singapore's small and medium-sized enterprises (SMEs) took a turn for the worse last year, with the proportion of severely delinquent debts at 14 per cent in 2017, up from 12 per cent in 2016...

Temasek Foundation Ecosperity makes call for sustainable, innovative solutions to improve liveability

TEMASEK Foundation (TF) Ecosperity, a member of the Temasek Family of Foundations, announced its third call for proposals for sustainable, innovative solutions to improve liveability on Thursday.

Global investor confidence up in January, led by Europe

GLOBAL investor confidence rose in January, with the biggest jump coming from Europe, according to the latest data from State Street Global Exchange.

AA Reit's Q3 DPU drops 5.4%

AIMS AMP Capital Industrial Reit (AA Reit) recorded a distribution per unit (DPU) of 2.62 Singapore cents for its third quarter 2018, down 5.4 per cent from 2.77 cents previously.

Genting HK flags narrower loss of up to US$270m for FY17

GENTING Hong Kong on Thursday warned that the group is expected to record another net loss for the year, but it will be smaller compared to the preceding year's...

Olive Tree Estates extends key deadline for Johor land acquisition to June 30

REAL estate company Olive Tree Estates has extended the deadline to fulfil conditions for a proposed land acquisition in Malaysia by five months, to June 30, according to an after-market announcement on Wednesday.

Business expectations still positive for H1, but lower than in previous survey

MORE companies expect business conditions for the next six months to improve, with the services sector edging out manufacturing slightly in terms of optimism levels.

GIC joins Blackstone-led group that's buying US$11b stake in Thomson Reuters unit

SINGAPORE sovereign wealth fund GIC has joined a Blackstone-led consortium that has taken a majority stake in the Financial and Risk (F&R) business of news group Thomson Reuters.

Business expectations of services, manufacturing sectors for first-half 2018 still sanguine: EDB, DOS

MORE companies in the services and manufacturing sectors still expect business prospects for the next six months to improve, but sentiment for both have dipped since the previous quarter.

Swiss Re opens Asia HQ in Singapore; GIC adviser Lim Siong Guan chairs new regional board

INSURANCE group Swiss Re announced on Wednesday the launch of its regional headquarters in Singapore, as well as the appointment of a new regional board of directors.

Atlantic Navigation in talks to sell stake to UAE firm

OFFSHORE supply operations firm Atlantic Navigation announced before market hours on Wednesday that the company and its major shareholder are in talks with Gulf Navigation Holding (GulfNav), a maritime and shipping company headquartered in Dubai, for a potential sale of a substantial equity stake...

GIC joins Blackstone consortium buying stake in Thomson Reuters' financial, risk business

SINGAPORE sovereign wealth fund GIC has joined a Blackstone-led consortium that has taken a majority stake in the Financial and Risk (F&R) business of news group Thomson Reuters.

New programme for SMU undergrads to shadow SME owners

A NEW initiative to help small and medium-sized enterprises (SMEs) secure promising, young talent and ease the skilled manpower shortage was announced on Tuesday.

UOB to help SMEs secure talent through understudy programme for SMU undergrads

UNITED Overseas Bank (UOB) announced on Tuesday a new initiative to help Singapore's small businesses secure promising young talent...