The Business Times
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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
Keppel said its Indonesian unit acquired ownership rights to the land plots on Dec 1, 2000, and holds the land certificates to the plots

Indonesian court dismisses 2.28 trillion rupiah claim over land in Jakarta owned by Keppel Land unit

Among blue chips which bought back shares in the market rout were the Singapore banks, which were hard hit in Monday’s sell-off.

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

For FY2024, fixed salary accounted for 33.3%, while short-term incentives accounted for 59.6% of total compensation for group CEO Sherman Kwek.

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

Sheng Siong CEO Lim Hock Chee notes that external uncertainties such as geopolitical tensions and global trade conflicts could impact consumer sentiment and supply chain stability.

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

Across the broader market, losers outnumber gainers 373 to 80 after 988.2 million securities worth S$1.9 billion change hands.

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

A container ship approaching a port in Qingdao, China. The tariffs imposed on China are unsurprising, those on smaller Asean countries came as a shock.

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

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%

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

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

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

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