Keppel Reit begins construction of office tower in Melbourne

KEPPEL Reit announced on Friday that it has commenced construction of its newly acquired premium office tower in Melbourne, Australia.

Singapore's gender wage gap shows little sign of narrowing

THE gender wage gap just refuses to go away in Singapore.

Genting HK plunges deeper into the red for H1

GENTING Hong Kong plunged further into the red with a net loss of US$203.2 million for the six months ended June 30, deepening from a loss of US$54.6 million for the same period a year ago.

Nordic Group appoints new CFO

NORDIC Group appointed Chia Meng Ru as its new chief financial officer (CFO), in an announcement after trading hours on Thursday.

Yoma Strategic updates on spin-off of tourism-related businesses

YOMA Strategic Holdings provided an update on the proposed spin-off of the group's tourism-related businesses on the Catalist after trading hours on Thursday...

Sembcorp increases stake in India renewable energy business to 72%

SEMBCORP Utilities, a wholly owned subsidiary of Sembcorp Industries, announced on Thursday that it is increasing its stake in its India renewable energy business Sembcorp Green Infra, to 72 per cent for one billion rupees (approximately S$21.4 million).
HOT STOCK

Shares in Sino Grandness dive, sparking SGX query

THE share price of Sino Grandness Food Industry Group plunged as much as 24 per cent on Wednesday, prompting a query from the Singapore Exchange (SGX) on the unusual price movement.

Wong Fong takes 60% stake in hospitality consultancy and training group for S$4m

ENGINEERING solutions group Wong Fong Industries announced on Wednesday, after trading hours, that it has signed a sale and purchase agreement to acquire a 60 per cent stake in a hospitality consultancy and training group Ascendo International Holdings for S$4 million.

Hatten Land's Q4 net profit up almost 200%

CATALIST-LISTED Hatten Land's net profit jumped almost 200 per cent to RM59.7 million (S$19 million) for its fourth quarter ended June 30, up from RM19.9 million a year ago, on the back of the local government's assistance scheme for the development costs incurred for Hatten City Phase 1...

Update: Stephen Riady appointed director of Healthway Medical Corp

HEALTHWAY Medical Corporation (HMC) on Wednesday announced two appointments after trading hours.
HOT STOCK

Best World shares plunge 12%; SGX issues query

SHARES of Best World International, a direct seller of skincare and wellness products, on Tuesday fell 12 per cent or 18.5 Singapore cents to close at S$1.355 on news of China's crackdown on pyramid schemes...

YuuZoo posts profit for Q2, announces changes in accounting policy

YUUZOO Corporation on Tuesday posted earnings before interest and taxes of S$8.4 million for its second quarter ended June 30, against a loss of S$1.4 million in the same period a year ago.

Healthway Medical in the red for Q1

CLINIC operator Healthway Medical Corporation posted a net loss of S$504,000 for its first quarter ended March 31, against a net profit of S$580,000 one year ago, due mainly to a rise in finance costs.

XMH Engineering enters into JV in Myanmar

XMH Engineering, a wholly-owned subsidiary of XMH Holdings, entered into a joint venture (JV) agreement with Myanmar MarcoPolo (MMP) and Bulox Power (BP), with an authorised capital of US$50 million.

Parkson Retail Asia issues profit guidance for FY2017

PARKSON Retail Asia issued a profit guidance for its financial year ended June 30, 2017.

HRnetGroup's Q2 net profit down 10.3%

RECRUITMENT agency HRnetGroup on Monday posted a 10.3 per cent decline in net profit to S$7.33 million for its second quarter ended June 30, 2017.

Nam Cheong plunges to a loss of RM2.02b in Q2

MALAYSIAN shipping firm Nam Cheong plunged to the red with a net loss of RM2.02 billion (S$640 million) for its second quarter ended June 30, against a profit of RM3.04 million a year ago, mainly due to assets impairment and written down of RM2 billion.

Marco Polo Marine's loss widens in Q3

BELEAGUERED shipping services firm Marco Polo Marine posted a net loss of S$304.23 million for its third quarter ended June 30, deepening from its S$6.41 million loss a year ago.

China Jinjiang Environment's Q2 net profit up 10%

CHINA Jinjiang Environment Holding Company posted a net profit of 168.3 million yuan for its second quarter ended June 30, up 10 per cent from the same period a year ago.

SIA launches S$700m notes due 2027

SINGAPORE Airlines announced on Monday that it has launched and priced S$700 million, 3.13 per cent notes due 2027 comprised in Series 006.

ASL Marine warns of Q4 loss

ASL Marine issued a profit guidance on Monday for its unaudited fourth quarter and full year 2017 financial statements ended June 30, 2017 based on its preliminary review.

Yanlord Land's Q2 net profit up 43%

CHINA-BASED property developer Yanlord Land Group posted a net profit of 462.5 million yuan (S$94.4 million) for its second quarter ended June 30, up 43 per cent from a year ago.

Frasers Property Australia part of consortium to develop mixed tenure community in Sydney

A CONSORTIUM consisting of developer Frasers Property Australia, Citta Property Group and community housing provider Mission Australia Housing, has been appointed by the New South Wales (NSW) government to develop a new mixed tenure community in Sydney's Macquarie Park, with an estimated end...
TOPLINE

Startup Carousell is growing up fast

ONLINE classifieds platform Carousell, ubiquitous with the buying and selling of second-hand goods, is fast growing up and moving into higher-value verticals such as cars as well as job listings.

Services sector makes comeback in Q2; manufacturing to moderate in H2 2017

AN unexpectedly strong showing by the services sector, together with continued momentum in manufacturing, drove Singapore's gross domestic product (GDP) growth of 2.9 per cent in the second quarter of 2017 from a year ago, surprising economists...