The Business Times
Crystal Heng

Crystal Heng

JOURNALIST

Crystal Heng is a reporter with The Business Times. She covers regional news with a focus on Greater China and Asean. She previously worked at Lianhe Zaobao and graduated from Nanyang Technological University with a degree in economics and psychology.

emailhengsy@sph.com.sg
Generic photos of SGX

Blue-chip listcos scoop up more shares; Singapore market faces volatility on Trump tariff uncertainty

[SINGAPORE] Constituent companies on the Straits Times Index (STI) lost no time in picking up their own shares after the benchmark index...

For FY2024, fixed salary accounted for 33.3 per cent, while short-term incentives accounted for 59.6 per cent of total compensation for group chief executive Sherman Kwek.

CDL group CEO Sherman Kwek gives up long-term incentive of S$1.35 million; total compensation for FY2024 down 15.4%

Executive chairman Kwek Leng Beng’s total compensation declines 13.6%

Chief executive officer Lim Hock Chee received a base salary of S$373,000 and a variable bonus of S$6.66 million for FY2024.

Sheng Siong CEO Lim Hock Chee’s compensation for FY2024 jumps 20.6% to S$7.06 million

He received a base salary of S$373,000, a variable bonus of S$6.66 million, director’s fees of S$20,000 and benefits in kind amounting...

Across the broader market, losers outnumbered gainers 142 to 26 after 64.6 million securities worth S$146 million changed hands.

Singapore’s STI drops 2.6%; Asia markets extend declines on Trump tariff troubles

[SINGAPORE] Singapore equities began Friday (Apr 4) in negative territory, following the slump in all three major Wall Street indices and European...

A container ship approaching a port in Qingdao, China; tariffs on China are unsurprising but what came as a shock was the tariffs on smaller Asean countries.

Trump tariffs: Quick takes on Singapore and Asia impact, countries’ reactions

While past tariffs have targeted major US trade partners such as China, Canada and Mexico, this round sees hefty tariffs levied on...

The covered bonds are part of OCBC's US$10 billion global covered bond programme.

OCBC prices 500 million euro bonds due 2028 at 2.481%

The bonds are expected to be listed on the Singapore Exchange on Apr 11

Some S$47 billion to S$53 billion in construction contracts are expected to be awarded this year, according to the Building and Construction Authority.
BROKERS’ TAKE

SAC Capital lifts Soilbuild target price on strong order book, maintains its ‘buy’ call

This comes on the back of solid execution and improving profitability

In January, Ho Bee Land launched a non-binding indicative offer to acquire all the shares it does not indirectly own in AVJennings for A$0.70 apiece.

Ho Bee Land drops AVJennings bid; Australian property developer to be acquired by US fund

The scheme consideration has been reduced by A$0.015 to A$0.655 a share

Prior to the divestment, Keppel has recognised cumulative profits after tax of about S$24.6 million from the sales of residential units at Palm City over the years.

Keppel divests entire stake in Vietnam’s Palm City for 2.6 trillion dong

This results in a net divestment profit of about S$55 million for the company

The offeror, Lyon Investments, currently holds about 70.3 per cent of the total number of issued shares in Sinarmas Land.
HOT STOCK

Sinarmas Land soars 23.6% on privatisation offer

The offer is a 12.7% premium over the company’s last traded price of S$0.275 on Mar 24

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