Surbana Jurong acquires two architecture firms

SURBANA Jurong is acquiring two major architectural firms, in a move that almost doubles the group's headcount of architects and boosts its ability to take on ambitious projects, particularly in sectors such as healthcare and hospitality...

Engineering consultancy, 3 public sector agencies win Excellence Awards

THIS year's Business Excellence Awards have gone to an engineering consultancy - winning for the first time - and three public sector agencies who have previously been recognised...

Keppel Infra Trust reports flat DPU for Q3; confirms interest in Ixom

KEPPEL Infrastructure Trust (KIT) on Tuesday reported a distribution per unit (DPU) of 0.93 Singapore cent for the third quarter ended Sept 30, 2018, unchanged from the same period a year before.

Keppel Infrastructure Trust confirms participation in sale process for Australian chemical firm Ixom

FOLLOWING media reports about its potential interest in Australian chemical firm Ixom Holdco Pty Ltd, which is controlled by Blackstone Group, Keppel Infrastructure Trust (KIT) confirmed "its participation in a sale process for Ixom" in a Singapore Exchange filing on Tuesday night...

Datapulse responds to SGX queries on full-year results

DATAPULSE Technology responded on Tuesday night to queries received from the Singapore Exchange (SGX) on Oct 11, regarding the company's full-year financial results announced on Sept 29...

IEV Holdings disposes of stake in Indonesian unit IEV Gas

CATALIST-LISTED IEV Holdings said on Tuesday that it is proposing to dispose of its entire 95 per cent stake in loss-making indirectly-owned subsidiary PT IEV Gas for a total consideration of 7.48 billion rupiah (S$677,554).

Blumont announces changes to proposed acquisition of Samadhi Retreats

BLUMONT Group announced Tuesday that it has entered a supplemental sale and purchase agreement regarding its proposed acquisition of all of Singapore-incorporated Samadhi Retreats Pte Ltd, to exclude two entities initially included in an earlier agreement.

Jiutian Chemical Group expects net loss for Q3

CATALIST-LISTED Jiutian Chemical Group expects to report a net loss for the third quarter ended Sept 30, after a preliminary review of its unaudited results, the group announced in a profit guidance filing on Tuesday after the market closed.

EC World Reit gets right of first refusal on Bei Gang Logistics Stage 2 properties

EC World Real Estate Investment Trust (Reit) has chosen not to acquire Stage 2 properties of Bei Gang Logistics for a purchase consideration of 702.5 million yuan (S$140 million), the Reit's manager announced on Tuesday after the market closed...

Qian Hu Q3 net profit up 23% to S$175,000

MAINBOARD-LISTED Qian Hu Corporation on Tuesday announced a 23.2 per cent rise in net profit attributable to shareholders to S$175,000 for the third quarter ended Sept 30. This was despite group revenue declining 4.7 per cent to S$21.4 million, with sales from its core fish and accessories segments...

PACC Offshore recovers S$3.4m from Kensteel Engineering

PACC Offshore Services said on Tuesday that it has recovered about S$3.4 million from Kensteel Engineering Pte Ltd, which is in liquidation. This follows PACC Offshore's Aug 6 announcement that the Singapore court had ruled in its favour on its counterclaim for the return of a deposit made to...

Keppel Infrastructure Trust Q3 DPU stable at 0.93 Singapore cent

KEPPEL Infrastructure Trust (KIT) on Tuesday reported a distribution per unit (DPU) of 0.93 Singapore cent for the third quarter ended Sept 30, 2018, unchanged from the same period a year before.

Surbana Jurong acquires two architectural firms

SURBANA Jurong is acquiring two major architectural firms, Canadian firm B+H and Singapore firm SAA Architects, in a move that boosts its ability to take on ambitious projects, particularly in sectors such as healthcare and hospitality.

Most firms still unaware of industry transformation maps

TWO years after the Industry Transformation Maps (ITMs) began to be rolled out for various sectors, a majority of firms are still unaware of these sectoral roadmaps or how to benefit from them, a survey by the Singapore Chinese Chamber of Commerce and Industry (SCCCI) has found.

Asian Healthcare Specialists inks investment deal with Temasek unit

CATALIST-LISTED orthopaedic services provider Asian Healthcare Specialists (AHS) disclosed on Monday that it has entered an investment agreement with Vanda 1 Investments, which is managed and controlled by Temasek Holdings unit Heliconia Capital Management.

Asian Healthcare Specialists inks investment agreement with Temasek unit

CATALIST-LISTED orthopaedic services provider Asian Healthcare Specialists (AHS) announced on Monday night that it has entered an investment agreement with Vanda 1 Investments, which is managed and controlled by Temasek Holdings unit Heliconia Capital<br/>Management.

Hyflux gets Maybank's in-principle approval for Tuaspring divestment extension

TROUBLED water treatment firm Hyflux has obtained in-principle approval from Maybank for an extension of the Oct 15 deadline by which it should find a buyer for its Tuaspring integrated water and power plant and execute a binding purchase agreement, it announced on Monday after the market closed.

8Telecom terminates subscription agreement with Tai Yang Technology

MAINBOARD-LISTED 8Telecom International Holdings entered into an agreement with Tai Yang Technology on Monday after the market closed to formally terminate an earlier subscription agreement announced on June 25, under which 5.6 million new ordinary shares in the company would have been issued to...

HMI unit StarMed buys more units in Farrer Square

HEALTH Management International (HMI) unit StarMed@Farrer Square has entered into agreements to buy additional units in Farrer Square for S$36.7 million, HMI announced on Monday after the market closed.

C&G gets extension to appoint independent financial adviser for reverse takeover

MAINBOARD-LISTED C&G Environmental Protection Holdings has been granted an extension until Oct 31, 2018 to finalise the appointment of an independent financial adviser (IFA) for its proposed reverse takeover of Indonesia's Param Mitra Coal Resources...

ST Engineering aerospace sector secures S$590m in new contracts in Q3

ST Engineering announced on Monday that in the third quarter of 2018, its aerospace sector secured new contracts worth about S$590 million, for services ranging from airframe, engine and component maintenance to engine wash.

SPH net profit down 19.7% for FY2018, but up 2.4% excluding one-offs

MEDIA and property group Singapore Press Holdings (SPH) on Monday reported a 19.7 per cent fall in net profit for the year ended Aug 31, due partly to the absence of the one-off gain from divestment of a joint venture in FY2017.

Majority of firms still unaware of ITMs: survey

TWO years after the Industry Transformation Maps (ITMs) began to be rolled out for various sectors, a majority of firms are still unaware of these sectoral roadmaps or how to benefit from them, an annual survey by the Singapore Chinese Chamber of Commerce and Industry (SCCCI) has found.

MAS further tightens Singdollar policy

THE Monetary Authority of Singapore (MAS) is slightly increasing the pace of the Singapore dollar's appreciation in keeping with a "modest and gradual appreciation path... that will ensure medium-term price stability", in the second consecutive tightening at its half-yearly policy...

USD expected to continue rising against Singdollar

EVEN as the Singapore dollar is set to continue its "modest and gradual appreciation" against a basket of currencies, analysts expect it to keep weakening against the US dollar in coming months...