Keppel Corp posts 30% fall in Q3 net profit to S$159m

KEPPEL Corp's third-quarter net profit fell 30 per cent to S$159 million from a restated S$227 million a year ago, led by the absence of gains from divestment of a commercial development in Beijing and higher net interest expense.

Keppel Electric, Geneco, iSwitch top choices in power switch by consumers

OVER a year since Singapore opened its electricity market to some 1.4 million residential consumers and sparked a bruising competition among over 10 players, four out of 10 households have been convinced, switching over to a new electricity retailer and ditching incumbent SP Services.

Four out of 10 households in Singapore switched to new power retailer

FORTY per cent of Singapore households have flipped the switch off on electricity provider SP Services and tapped one of 12 electricity retailers to power up their homes as at end-August this year. That has helped shrink their power bills by 20-30 per cent, according to the latest update by the...


Should Isetan have disclosed offer for its Wisma Atria stake?

ISETAN Singapore may be facing a testing time, like many traditional retailers, as a result of changing shopping habits and brutal online competition but that's no reason to be cagey with its shareholders.

Pundits retain SGD's end-year forecast of 1.39-1.41 against greenback

ANALYSTS did not budge from end-year forecasts that the Singapore dollar could weaken to between 1.39 and 1.41 against the greenback and ruled out excessive currency swings after the Monetary Authority of Singapore (MAS) joined the easing party of global central banks on Monday amid an uneven...

Herd of bulls could push gold past US$1,600 per ounce

GOLD's ascent has been petering out lately, but a low-yield environment amid waning global macros, shaky geopolitics and rate-cut expectations in the US could give renewed oomph to the bullion rally and push the yellow metal past US$1,600 an ounce.


Sete Brasil settlement will enable Keppel, SembMarine to move on

SINGAPORE's giant rigbuilders Keppel Corp and Sembcorp Marine (SembMarine) are poised to put the pain arising from Brazil's corruption saga behind them after pulling off settlement deals on multi-billion dollar frozen rig jobs.

Spreading trade war, Dow dive spark Asia markets sell-off

THE overnight bloodbath on Wall Street triggered sell-offs in Asian equities on Thursday, unsettling markets already mired in poor global data, a spreading trade war, Brexit jitters and Washington's impeachment saga.


Spectre of Halloween haunts Singapore bourse

THE year-long gyrations in the Singapore bourse, similar to those seen in its regional peers, will culminate in an event-packed October with the on-going US-China trade spat, Brexit deadline, Hong Kong protests and political uncertainty in Washington adding more stress.


SGReit goes shopping for Isetan's share of Wisma Atria

YTL's Starhill Global Reit (SGReit) is done window-shopping: The manager of the Singapore-listed Reit has made a direct overture to acquire Isetan Singapore's share of Wisma Atria, a prime leasehold property smack in the heart of Orchard Road, says a source.

Nickel fires up on fears of supply deficit

NICKEL is hot. The base metal price rocketed to a five-year high a few days ago and while it has eased up a jot since, the market remains bullish about the metal that counts stainless steel as its primary end-market.


Yangzijiang's stock tumult: a primer for firms to respond swiftly, not recoil

TIMING is everything in the stock market - or so, it goes.


Singapore's palm-oil plays endure a sullen month

THE agri-plays on the Singapore bourse have lost some sheen this eventful month, with the chief culprits being operational headwinds - weak commodity prices and Indonesia's dry spell - and less so the recent move by the European Union (EU) to hit Indonesia, the world's top palm oil producer,...


Asia stocks bleed as US, China drop the gloves

ASIAN stock markets plunged into the red on Monday, as the tit-for-tat tariff war between the world's two largest economies fired up anew, pushing a truce even further away.

AD King's second act

SIR Martin Sorrell, godfather of the advertising industry, has quite possibly bested the 60-is-the-new-40 happy ageing mantra.


Expedia puts Asia front and centre in global push

ONLINE travel juggernaut Expedia Group plans to switch things up and push for its international operations, a big part of which also includes Asia, to grab the crown as the largest revenue earner and account for two thirds of the technology firm's topline "as soon as possible".

Yangzijiang chairman takes leave to assist in 'confidential' probe

YANGZIJIANG Shipbuilding (Holdings) said that its executive chairman, founder and controlling shareholder Ren Yuanlin has taken leave to focus on "assisting in a confidential investigation carried out by certain PRC governmental authorities".

Exec chairman assisting in China's 'confidential' probe: Yangzijiang

YANGZIJIANG Shipbuilding (Holdings) on Wednesday said its executive chairman and controlling owner Ren Yuanlin is currently assisting in a confidential investigation carried out by "certain PRC governmental authorities" and since last Friday was granted a leave of absence by the board to focus...

Swine fever hurts crush margins, halves Wilmar's Q2 net profit

AGRICULTURE giant Wilmar International's net profit for the second quarter halved to US$150.9 million from a restated US$316.4 million a year ago as the African swine fever in China hurt demand for soybean meal, one of the group's primary products.

Wilmar Q2 net profit halved due to lower crush margins

AGRI giant Wilmar International's net profit for the second quarter fell 52 per cent to US$151 million from a restated US$316.4 million a year ago on the back of lower soybean crush margins, weaker showing by associates and sugar business as well as higher finance cost.

Yangzijiang hits rough waters amid Beijing's probe into individual linked to firm

SHARES of Yangzijiang Shipbuilding (Holdings) tanked on Thursday morning by almost 30 per cent - prompting a query from the bourse's regulator about its wild price swings.


Curious coincidences behind Epicentre's missing CEO

WHEN it comes to strange coincidences, it may be hard to upstage Catalist-listed Epicentre Holdings - the company once well known as a re-seller of Apple products, but has, since May, become better remembered for its vanished chief executive officer.


Asian markets get that sinking feeling on rising trade war pains

ASIAN equities had no time to catch their breath on Monday, falling end over end in huge losses as traders anticipated more flare-ups from Washington after China's yuan slumped to a decade low and stoked fears of rising trade-war pains and the spectre of a currency war.

SIA posts 21% lower Q1 net profit of S$111m

NATIONAL carrier Singapore Airlines' net profit for the first quarter slipped 21 per cent to S$111 million on the back of higher share of losses from associated companies, net finance charges and expenditure.

SIA Q1 net profit drops 20.7% on higher losses, expenditure rise

SINGAPORE Airlines' net profit for the first quarter ended June fell 20.7 per cent to S$111 million from S$140 million a year ago owing to higher share of losses from associated companies and net finance charges plus an uptick in expenditure.