Datapulse shareholders grill board on potential haircut over Wayco sale

DATAPULSE Technology's annual shareholder meeting on Friday lasted well over three hours, but hardly bore the agita that was thick in the air at its special shareholder meeting seven months ago amid a bitter shareholder feud and controversial buyout of a haircare firm. ...

SIA's transformation plan bearing fruit despite fuel-related cost pressures

EVEN as Singapore Airlines (SIA) contends with high fuel prices - albeit mitigated by a policy to hedge its fuel prices - that are chipping away at its margins, the national carrier's three-year transformation plan is beginning to bear fruit...

High fuel prices send SIA's Q2 profits tumbling 81%

NATIONAL carrier Singapore Airlines' bottom line headed south for the second quarter, with net profit tumbling to S$56 million from a restated profit of S$293 million a year ago, due to a combination of well-flagged, adverse factors by the analyst fraternity...

SIA's Q2 net profit falls 81%

HIGHER jet fuel costs and recognition of its share of losses in 20 per cent-owned Virgin Australia (VAH) led national carrier Singapore Airlines (SIA) to post a more than fivefold dip in net profit to S$56 million in the second quarter from a restated profit of S$293 million a year ago.

Wilmar posts 10.7% jump in Q3 profit

AGRI-giant Wilmar International's net profit for the third quarter jumped 10.7 per cent to US$407.4 million from a restated US$368.1 million a year ago, led by better showing in tropical oils, and oilseeds and grains businesses...

Wilmar's Q3 net profit jumps 11%

AGRI-GIANT Wilmar International’s net profit for the third quarter jumped 10.7 per cent to US$407.4 million from a restated US$368.1 million a year ago led by better showing in tropical oils and oilseeds and grains businesses.

Voluntary delisting offer: SGX Regco proposing shift of voting power to minorities

THE Singapore Exchange (SGX) Regco is proposing changes to the voluntary delisting rules, which, if adopted, will shift the voting power play from offerors and concert parties to minority and independent shareholders and potentially compel a sweeter exit proposition.

SGX Regco proposes to raise safeguards on voluntary delisting rules

SINGAPORE Exchange Regulation (SGX Regco) is proposing to disallow offerors and parties acting in concert from voting on voluntary delistings and with that, to lower the approval threshold from 75 per cent to a simple majority of independent shareholders.

Coal miner Geo Energy scores hat trick with Macquarie Bank

INDONESIAN coal miner Geo Energy Resources has scored a hat trick with Australia's Macquarie Bank that will see the Singapore-listed firm secure US$75 million in fresh funds by way of a pre-payment for an offtake deal for a mine in South Kalimantan plus proposed equity investment alongside an...

Geo Energy inks coal off take, equity investment with Australia's Macquarie Bank

INDONESIAN coal miner Geo Energy Resources has scored a three-in-one with Australia’s Macquarie Bank that will see the Singapore-listed firm secure more than US$75 million in fresh funds by way of a pre-payment for a coal offtake deal for its mine and proposed equity investment alongside a trade...

Sembcorp's Q3 profit dips 12%; firm secures 25-year solar deal

LOSSES in the marine business owing to weak volumes and loss from a semi-submersible sale drove down Sembcorp Industries' third-quarter net profit by nearly 12 per cent to S$82.3 million from a restated S$93.1 million a year ago...

SGX adds 10 more leveraged exposure products

COME November 7, investors in Singapore with a taste for volatile trading will have more daily leverage certificates (DLCs) to choose from.

Asian equities bid October 'good riddance' with a rebound

MAJOR Asian equity gauges bade "good riddance" to a gloomy October with visible relief on Wednesday after being rocked by a harrowing sell-off that wiped out between 5 and 13 per cent of their value over the Halloween month, no thanks to a cocktail of potent factors that spooked US...
STOCKS

STI dives but finishes off day's low

OCTOBER is living up to its reputation of being the most volatile trading month of the year.
BT EXCLUSIVE

SGX-Tel Aviv pact may spice up IPO scene from H1 2019

A UNIQUE pact inked in May between the stock exchanges of Singapore and Israel to court dual listings of capital-hungry high-tech Israeli start ups could ignite activity as early as in the first half of next year, with "dozens" more such listings expected over the next three years, the...
HOCK LOCK SIEW

Does board size matter?

SINGAPORE's corporate boards are shrinking. Forget Thai Beverage, which by far has the biggest board in Singapore with 20 directors and quite clearly, is the exception...
STOCKS

Massive selloff sends STI 2.7% lower

SHARE prices in the Singapore bourse suffered a brutal selldown with the key Straits Times Index tumbling 84 points or 2.7 per cent to finish the day at 3,047.39 - a 20-month low - following an overnight rout in US stocks that unnerved investors over long-simmering downside risks.

Singapore shares skid sharply by 2.7%

SHARE prices in the Singapore bourse skidded with the key Straits Times Index tumbling 2.69 per cent following the overnight rout in US stocks that saw an extreme sell-off across Asian equity markets.
TOPLINE

Champion sailor turns Grand Banks shipshape

THE regatta - it appears - never ends for champion sailor Mark Richards.

Irate SBI Offshore investors grill Mirzan Mahathir at EGM

THE relatively poor turnout at Catalist-listed SBI Offshore's extraordinary general meeting (EGM) on Thursday underscored the shareholder fatigue over the company's dismal performance...
CORPORATE GOVERNANCE

Boards face major shifts with new governance code

A RECENT scrutiny on the state of play in the board makeup of more than 700 listed companies in Singapore has thrown up some hits and misses.

SGX RegCo working with SIAS and SID to issue best practices guide at AGMs

THE Singapore Exchange RegCo will work with the Securities Investors Association (Singapore) and the Singapore Institute of Directors (SID) to come up with a guide on how directors and investors should best conduct themselves during shareholder meetings here.

Trading blows

NOT too long from now, iconic and quintessential American Harley-Davidson bikes will roll off a new assembly line located in an industrial estate in the Thailand’s Rayong province.

Asian markets dip on Fed's 8th hike since 2015

ASIAN markets struggled to keep their heads above water on Thursday with declines in key equity benchmarks in Japan, Hong Kong, China and Australia, while Singapore and Malaysia were little changed in the wake of the US Federal Reserve's widely-expected rate hike as investors processed how far...

SGX assures it will act in clear cases of minority oppression

THE Singapore Exchange's annual general meeting on Thursday that lasted a good three hours was long by any account; yet few could have predicted that the dominant issue would be that of a listed company's board suing a minority...