StarHub angling for growth even as Q2 net profit falls 5.6%

STARHUB is on the prowl for merger and acquisition (M&A) opportunities, its management suggested in an earnings call on Friday.

StarHub cuts H1 dividend to 2.5 S cents, service revenue slumps 15% in Q2

STARHUB'S net profit fell 5.6 per cent to S$37.3 million for the second quarter ended June 30, 2020, from S$39.5 million in the year-ago period.

ASEAN ECONOMY

Pandemic driving South-East Asian shoppers online

NEARLY eight in 10 people in Singapore will make an online purchase this year, as the novel coronavirus drives South-east Asian consumers online faster than earlier expected.

Resorts World Sentosa layoffs have led to 'stronger Singaporean core', says Manpower Ministry

THE recent high-profile layoffs at Resorts World Sentosa (RWS) have left the integrated resort with a higher share of local staff than before, said the Ministry of Manpower (MOM) in a statement on Thursday, in the wake of complaints from some of the retrenched workers.

Asean-6 online spending to hit US$150b by 2025, driven by Covid-19: Report

SOME 310 million consumers in key South-east Asian markets will make online purchases this year, amid the deadly novel coronavirus pandemic - a surge from 250 million such consumers in 2018, a new report suggested on Thursday (Aug 6).

SINGAPORE ECONOMY

Online retail sales spike points to sustained structural shift

RETAIL takings jumped in June on a partial reopening from the two-month "circuit breaker", but the sector is far from out of the woods.

Singapore retail sales fall 27.8% in June after partial reopening

SINGAPORE retailers saw till takings slide again in June, after the end of a two-month "circuit breaker" in April and May, despite looser coronavirus restrictions part-way through the month.

VIRUS OUTBREAK

One less hitch for wedding venues and those getting hitched

GRAND wedding dinners are still a no-no, under safe-management rules for Singapore's gradual reopening amid the deadly Covid-19 pandemic.

VIRUS OUTBREAK

Clients can part with labour suppliers who don't split subsidies

CLIENTS of some labour supply firms which do not pass on the savings from Budget wage subsidies can look into backing out of contracts, according to the Ministry of Finance (MOF) and Ministry of Manpower (MOM).

Engineering trio report full-year losses

THREE engineering-related listed companies have reported full-year net losses, in financial statements released on Thursday night.

Sabana Reit explains S$54.7m decline in fair value of its assets

MARKET weakness and uncertainty have driven down the fair value of Sabana Reit's investment properties, the manager said, after a regulatory query over the S$54.7 million decline in value reported in its half-year results.

Libra Group gets interim extension of moratoria until Aug 20 hearing

CATALIST-LISTED Libra Group and its sole operating subsidiary have been given interim debt moratoria until an adjourned court hearing on Aug 20, the board said on Friday night.

Estimated losses mount as Datapulse keeps Seoul hotel shut amid Covid-19 outbreak

FORMER disk drive maker Datapulse Technology is working towards reopening its hotel in Seoul in October 2020, even as the property remains shuttered amid the Covid-19 outbreak.

Asiatravel.com plans to release audited FY2018 and FY2019 statements by end-September

BELEAGUERED travel operator Asiatravel.com Holdings plans to release audited financial statements for FY2018 and FY2019 by the end of September, the board said on Friday.

Ezion Holdings unit preparing response to US$1.5 million claim: Board

A UNIT of offshore and marine service provider Ezion Holdings is preparing a response to a claim of US$1.5 million, the troubled liftboat operator disclosed in a bourse filing on Friday evening.

King Wan Corp H2 net profit down by 30.1% to S$690,000

MAINBOARD-LISTED building services company King Wan Corp expects the mechanical and electrical (M&E) business to be sustainable in the year ahead, despite a challenging industry outlook, the management said in second-half financial statements on Thursday night.

Surveyor Winston Hauw joins Genting Singapore board

GENTING Singapore named surveyor Winston Hauw Sze Shiung to its board on Friday, the mainboard-listed casino operator announced in a bourse filing.

China Jishan plans to launch Chinese property pre-sales this weekend

MAINBOARD-LISTED textile company China Jishan Holdings plans to launch pre-sales for a property project in the Chinese city of Shaoxing “on or around” Saturday.

New S$4 million scheme aims to bring low-carbon maritime innovations to market

BUSINESSES building clean technology solutions for the maritime industry can look for at least S$4 million in support from new research and industry partners, in a scheme unveiled on Friday.

Trio of engineering stocks rings up full-year net losses

THREE engineering-related listed companies have reported full-year net losses, in financial statements released on Thursday night.

Sabana Reit gives more details of profit rate swaps, plans to pay out unused retained distributable income

SABANA Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) has entered into profit rate swaps to manage and limit exposure to adverse changes in profit rates, as an equivalent of interest rate swaps for conventional hedging instruments.

Singtel shareholders okay scrip payouts

SHAREHOLDERS of mainboard-listed telco Singtel can now be paid in shares instead of cash, after a successful vote to include a scrip dividend scheme in the company constitution.

Grim business outlook extends to year-end: surveys

SINGAPORE businesses face bumpy and uneven prospects in the next half-year, according to official quarterly surveys out on Thursday.

Singapore firms glum about Q3 prospects as Covid-19, US-China tensions stymie recovery

SERVICES and manufacturing companies remain gloomy about their prospects, as the coronavirus pandemic forces Singapore into an unprecedented recession.

Singtel shareholders approve scrip dividend scheme even as outlook remains hazy

SHAREHOLDERS of mainboard-listed telco Singtel can now be paid in shares instead of cash, after a successful vote to include a scrip dividend scheme in the constitution.