Keppel shareholders should 'hope for the best, prepare for the worst' on Temasek's offer
"DEAL or no deal?" has been trending among investors since Keppel Corp's record quarterly loss cast a cloud over Temasek Holdings' bid for the conglomerate.
Keppel breaches Temasek offer terms with S$697m record loss in Q2
KEPPEL Corporation surpassed even the worst forecasts to post a record quarterly loss of S$697 million, breaching certain conditions for Temasek Holdings' S$4 billion pre-conditional partial offer for the conglomerate.
Catalist debutant SPCH aims to be one-stop pain shop
THE domestic market is Singapore Paincare Holdings (SPCH)'s only nerve centre. But the company has Malaysia and Indonesia in its expansion crosshairs.
Keppel posts S$697.6m net loss for Q2 due to O&M impairments
MASSIVE impairments of S$919 million, reflecting a gloomy outlook for offshore and marine, pushed Keppel Corp to post a quarterly loss of S$697 million - its deepest quarterly loss in two decades - from a S$153 million profit a year ago.
The 2020 Gold Rush
The yellow metal – a traditional safe-haven play − has hurtled past the all-time high on a pandemic-led perfect storm. At US$1,958.43 an ounce struck on Tuesday, gold prices have eclipsed September 2011’s record of US$1,920/oz. Next, it seems to be eyeing a key psychological mark − US$2,000/oz....
Silver hits four-year high on investment, industrial demand
SILVER prices have hit a four-year high fuelled by a rush into safe-haven precious metals, as worries over the world economy ratchet up on the back of rising Covid-19 cases globally.
Yangzijiang thrives despite downturn, as LNG usage fuels demand for new ships
AS ECONOMIC activity shrinks, shipyards are having to close and small shipbuilders are going bust. But Singapore-listed Yangzijiang Shipbuilding (Holdings) has actually announced several new orders.
Sembcorp posts S$131m net loss in H1
A BLEEDING marine segment on the back of an oil slump and substantial impairments of energy assets dragged Sembcorp Industries' (SCI) first half showing into the red, with a net loss of S$131 million against profit of S$191 million a year earlier.
SCI posts S$131m losses in H1, dragged by weak marine business, huge impairments
A BLEEDING marine segment, as well as substantial impairments of investments and assets dragged Sembcorp Industries’ (SCI) first half showing into the red, further strengthening the case for the proposed demerger of the conglomerate and Sembcorp Marine, its top executives have said.
Sembcorp Industries reports S$131m net loss for H1 2020 due to Covid-19
SEMBCORP Industries has reported a net loss of S$131 million for the first half of 2020, compared to the S$191 million net profit for H1 2019, said the mainboard-listed company.
KrisEnergy's debt revamp rubs bondholders wrong way
A GROUP of "desperate" bondholders of ailing KrisEnergy have banded together to bat for a better deal and oppose the upstream oil and gas firm's proposed restructuring - its second debt workout in four years - as the pandemic-led oil shock compounds the firm's debt dilemma.
ZenRock interim JMs flag doubtful trades, invoices, cash transactions
THE interim judicial managers (IJMs) of troubled ZenRock Commodities Trading have unearthed hundreds of "questionable" transactions involving duplicate sales invoices as well as multiple back-to-back "side transactions" and "unusually large cash transactions" following a scrutiny into the trader...
Troubled oil trader ZenRock's IJMs uncover doubtful, 'unusually large cash transactions'
THE interim judicial managers (IJMs) of Singapore’s troubled ZenRock Commodities Trading have uncovered hundreds of “questionable” transactions involving duplicate sales invoices, as well as multiple back-to-back “side transactions” and “unusually large cash transactions” following a scrutiny...
GE2020: PAP retains Holland-Bukit Timah GRC with 66.36% of votes
THE People’s Action Party (PAP) has retained Holland-Bukit Timah GRC in its third face off with the Singapore Democratic Party (SDP) in the so-called rich man’s ward.
GE2020: PAP wins in Bukit Panjang SMC with 53.74% votes
THE People’s Action Party’s (PAP) candidate Liang Eng Hwa defeated the Singapore Democratic Party’s stalwart Paul Tambyah at the Bukit Panjang SMC with a share of 53.74 per cent or 18,070 votes in the ward.
SDP chairman Prof Tambyah, 55, ended up with 46.26 per cent or 15,556 of the votes...
Interim JMs raise doubts over Ocean Tankers' exposure to nearly US$1b of potential claims
THE interim judicial managers of Ocean Tankers Pte Ltd - a troubled unit of the crumbling Hin Leong empire and one of the world's largest operators of oil tankers - have raised doubts over the firm's exposure to nearly US$1 billion of potential claims involving bills of lading (BL).
STI slips 0.6% in quiet session ahead of Polling Day
SINGAPORE shares closed lower on Thursday, with the key Straits Times Index falling 16.84 points or 0.6 per cent to 2652.65 on a quiet trading day ahead of Friday's polling in the city state and the release of key US jobless data.
Singapore shares close 0.6% down
SINGAPORE shares closed lower on Thursday, with the key Straits Times Index falling 16.84 points or 0.6 per cent to 2,652.65 on a quiet trading day ahead of Friday’s polling in the city state and the release of key US jobless data.
Singapore stocks post modest gains ahead of polls, release of macro data
SINGAPORE shares eked out modest gains on Wednesday against a mixed showing by regional peers with the key Straits Times Index inching up 8.07 points or 0.3 per cent to finish at 2,669.49.
STI posts modest gains of 0.3%
SINGAPORE shares eked out modest gains on Wednesday against a mixed showing by regional peers, with the key Straits Times Index inching up 8.07 points or 0.3 per cent to finish at 2,669.49.
Auditors should avoid ditching companies midway on audit work
IT had seemed like a standard boilerplate event in October last year when Singapore's mainboard-listed Mirach Energy announced a change of external auditors from Ernst & Young to BDO, citing, among other things, a potential savings of up to a quarter in audit fees.
STI takes a breather; snaps 5-day winning streak
SINGAPORE shares closed lower on Tuesday, snapping a five-day winning streak with the Straits Times Index (STI) losing 28.19 points or 1.05 per cent to finish at 2,661.42.
Singapore shares close 1% lower
SINGAPORE shares closed lower on Tuesday, snapping a five-day winning streak with the key Straits Times Index losing 28.19 points or 1.05 per cent to finish at 2,661.42.
STI posts 5-day winning streak on string of upbeat macro data
SINGAPORE shares posted their fifth straight day of gains on Monday, with the Straits Times Index (STI) closing 36.7 points or 1.4 per cent higher at 2,689.61, in tandem with buoyant markets in the region.
Singapore shares close 1.4% up
SINGAPORE shares posted their fifth straight win to close 36.7 points or 1.4 per cent higher to 2,689.61 on Monday, buoyed by significant gains across major bourses in the region.