Allied Technologies to invest in China payment provider

ALLIED Technologies has signed a binding framework agreement to invest US$10 million in a provider of payment and technology solutions to the corporate travel market in China.

GIC to acquire 43% stake in Shinjuku property for 62.5b yen

SINGAPORE'S sovereign wealth fund GIC will acquire a 43 per cent stake in Shinjuku MAYNDS Tower, a large-scale Grade A office property in Tokyo, from Daiwa Office Investment Corporation for 62.5 billion yen (S$747.7 million)...

Bonvests to acquire PT Bintan Golden Land for S$7.7m

BONVESTS Holdings Limited's wholly owned subsidiaries Goldvista and Coop International have entered into a share purchase agreement for the acquisition of the entire share capital of PT Bintan Golden Land (PTGL) from Henry Ngo, a director and controlling shareholder of the company, and Andy...

Allied Technologies enters into MOU with Chinese payments company for US$10m

Allied Technologies said on Tuesday it has entered into a binding memorandum of understanding (MOU) with 8travelpay Intelligence & Technology (Shanghai) Co (8TPS) for a total consideration sum of US$10 million.

CapitaLand to acquire office site in Shanghai for 838m yuan

CAPITALAND China, a wholly-owned unit of CapitaLand, has entered into a conditional agreement with an unrelated party to acquire a commercial site in Wujiaochang decentralised business district, Shanghai for 838 million yuan (S$171 million).

Tee International gets US$15m boost from Pierfront Capital

MAINBOARD-LISTED TEE International said on Tuesday that the group has secured a US$15 million investment from Pierfront Capital Mezzanine Fund, a Temasek group investment company which focuses on growth capital for asset and corporate acquisition, refinancing and project expansion.

GIC acquires 43% stake in Tokyo office property for 62.5b yen

GIC, Singapore's sovereign wealth fund, will acquire a 43 per cent stake in Shinjuku MAYNDS Tower, a large-scale Grade A office property in Tokyo, from Daiwa Office Investment Corporation for 62.5 billion yen (S$747.7 million)...

Bright spot for private sector bonus, but not all sectors will see gains

EMPLOYEES in the private sector have some reason to cheer this festive season, as the outlook for bonuses has brightened somewhat on the back of Singapore's better-than-expected economic growth this year...

November exports beat forecasts but growth eases

SINGAPORE'S exports beat economists' projections in November, but eased from October's sizzling pace as high base effects from a year ago kicked in and electronics growth continued to slow...

Singapore non-oil exports in Nov eases from Oct's stellar growth

SINGAPORE'S exports continued to record growth in November, but has eased from October's stellar showing due to high base effects from a year ago...

Swee Heng Bakery triples capacity with new factory

HERITAGE brand Swee Heng Bakery officially opened its 6,000 square metre state-of-the-art factory at Senoko Avenue on Friday, which houses a central kitchen as well as a research and development (R&D) division.

The annual office party isn't the option you think it is

'TIS the season once again for the great irony known as the annual office party; a time when everyone is encouraged to let their hair down and not talk shop, and yet there is no shortage of reminders everywhere - your boss's face, for example - that it is, after all, a work event...

Property recovery can further add to GDP growth in 2018: economists

AFTER four years in the doldrums, the rapidly recovering property market is expected to give the Singapore economy a lift in 2018 - possibly pushing overall growth to come in stronger than expected, said private sector economists.

Singapore likely to clock 3% growth in 2018: economists

PRIVATE sector economists are expecting Singapore's 2017 full-year growth to come in at 3.3 per cent, up from an earlier 2.5 per cent forecast in September...

Fed rate hike expected; Singapore growth to stay intact

ALL eyes will be on the United States Federal Reserve's last meeting of 2017, where it is widely expected that the central bank will raise interest rates for the third time this year, a case further solidified by a strong jobs report last week...

Singapore retail sales continue decline with 0.1% slowdown in October

RETAIL sales continued to decline in October, and just barely notched minute gains when motor vehicles were excluded.

Analysts see a case for wealth tax, but dent to hub status a concern

TAXES on privately held wealth could help address issues of widening inequality and contribute a significant sum to government coffers, but Singapore's reputation as a global wealth management hub might take a hit...

Wealth managers to be prepped for future with training

WEALTH managers here will soon get a boost in their efforts to become future-ready, with Nanyang Technological University (NTU) seeking to develop Singapore's finance and wealth management expertise...

Heng Swee Keat's comment leaves possibility of private wealth tax up in the air

THE possibility of a tax on privately held wealth surfaced on Thursday at the official opening of the new premises of Nanyang Technological University's Wealth Management Institute at one-north. ...

Singapore's ageing population a ticking 'time bomb'

SINGAPORE'S population will reach a critical juncture next year, as the number of people above 65 will equal those under 15 for the first time in history, UOB economist Francis Tan has said in a research note. ...

Face it - appearances matter at work

AFTER four years in the car industry, Christina Ong found herself bypassed for promotion. To her, she did everything right: she has given it her all, her job role kept expanding, and her bosses were happy with her performance.

Singapore to deepen business collaboration with Zhejiang: minister

MORE opportunities are opening up for Singapore companies in Zhejiang, China, in areas of trade, cross-border e-commerce, professional services and innovation, said Sim Ann, Senior Minister of State for Trade and Industry, at a council meeting on Friday.

A night to remember for Singapore's top enterprises

THE local business community came dressed to the nines at the Enterprise 50 (E50) Awards on Nov 21 to honour the best privately-held firms in the country.

Fullerton Healthcare expands in China on 800m yuan investment

FULLERTON Healthcare Corporation announced on Tuesday that Ping An Capital, together with related parties, has led an investment of more than 800 million yuan (S$163 million) in the company, effectively becoming its second-largest shareholder.

Marco Polo Marine to seek shareholders' nod for restructuring plan on Dec 14

MARCO Polo Marine will hold an extraordinary general meeting on Dec 14 to seek shareholders' approval for issuing new securities that are key to the oil and gas company's restructuring plan...