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Entertainment company mm2 Asia announced on Thursday it has entered into an option agreement to acquire all of Cathay Cineplexes' Singapore cinema operations, with the acquisition aimed to close on Nov 24.

mm2 Asia to acquire Cathay Cineplexes for S$230m after failed Golden Village bid
ENTERTAINMENT company mm2 Asia announced on Thursday it has entered into an option agreement to acquire all of Cathay Cineplexes' Singapore cinema operations, with the acquisition aimed to close on Nov 24. 


DBS launches world's largest banking API developer platform
DBS on Thursday launched the world's largest banking API (application programming interface) developer platform, boasting of more than 50 successful collaborations to date.


SIA launches new cabin products worth US$850m in investment
SINGAPORE Airlines (SIA) has launched new cabin products for its Airbus A380 fleet - including a first refresh of its Suites - worth about US$850 million in investment - amid intensifying competition from its rivals.


Raffles Education sets Nov 29 for EGM; tycoon Oei wants chairman removed
RAFFLES Education Corp has called for an extraordinary general meeting (EGM) at 9.30am on Nov 29 to vote on the removal of the company's founder, chairman and chief executive Chew Hua Seng.

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Failed acquisition deals worldwide hit 8-year high in 2016: study
MERGERS and acquisitions (M&A) deals might be picking up the world over, but a new study has also shown that the proportion of failed acquisitions globally reached an eight-year high last year.


US Fed likely to raise rates in Dec amid more upbeat economic outlook: analysts
ASIAN shares rallied to a 10-year high on Thursday, after the US Federal Reserve gave a more sanguine outlook on the economy overnight, and ahead of the announcement of a tax bill from Republicans in the US House of Representatives.


Remittance startup TransferWise raises US$280m in latest fund raising
ONLINE remittance startup TransferWise has raised US$280 million for growth, with Asia as a key focus, said its chief executive on Thursday.


Corporate Earnings

The STI Today

Singapore shares lose 11 points on Thursday
AHEAD of the US tax reform and confirmation that President Donald Trump will replace Federal Reserve chief Janet Yellen with Fed governor Jerome Powell, Singapore stocks lost 11.11 points or 0.33 per cent to close lower at 3,380.50.


 

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