Consumer confidence up in Q3: Nielsen

CONSUMER confidence in Singapore rose in the third quarter to its highest level since entering pessimistic territory three years ago, according to the latest Singapore Consumer Confidence Index out on Wednesday.

Noble given further extension for restructuring

NOBLE Group has been given a second time extension for a condition key to its restructuring bid, the troubled commodities trader said on Wednesday morning.

Accrelist calls off deal with blockchain service provider

CATALIST-LISTED corporate accretion services provider Accrelist has called off its proposed acquisition of an aggregate 10 per cent stake in blockchain service provider AmazingTech Pte Ltd, it announced on Tuesday night. Accrelist shares closed unchanged at 0.4 Singapore cent on Wednesday.

Singapore consumer confidence still in doldrums but hits 3-year high in Q3: poll

CONSUMER confidence in Singapore rose in the third quarter to its highest level since entering pessimistic territory three years ago, according to the latest Singapore Consumer Confidence Index out on Wednesday.

Noble gets key waiver for restructuring bid extended

NOBLE Group has been given a second time extension for a condition key to its restructuring bid, the troubled commodities trader said on Wednesday morning. This follows its Tuesday night announcement that it will apply to the Bermudian court for a hearing on Dec 14 for a court-ordered...

Stocks to watch: Hong Lai Huat, Sunningdale Tech, Chip Eng Seng, Accrelist, KLW Holdings

THE following companies saw new developments which may affect trading of their shares on Wednesday:

KLW says S$1m settlement cheque bounced

THE first of three legal settlement payments to Catalist-listed KLW Holdings has failed to go through after the cheque presented for the payment bounced, the company said in a Singapore Exchange filing on Wednesday morning.

Accrelist calls off acquisition of stake in blockchain firm

CATALIST-LISTED corporate accretion services provider Accrelist has called off its proposed acquisition of an aggregate 10 per cent stake in blockchain service provider AmazingTech Pte Ltd, it announced on Tuesday night.

Singapore businesses hope for end to territorial tensions

SINGAPORE'S business community hopes the territorial tensions between Malaysia and Singapore can be resolved soon and amicably, with manufacturers especially concerned...

Great Eastern to acquire Indonesia insurance firm for US$28m

GREAT Eastern Holdings is acquiring Indonesia-registered PT QBE General Insurance Indonesia for US$28 million (S$38.4 million), as part of its broader strategy of building its general insurance operations into a significant business pillar and deepening its footprint in Indonesia.

Grab opens research and development centre in Kuala Lumpur

GRAB has opened a new research and development (R&D) centre in Kuala Lumpur (KL), the ride-hailing firm's seventh such facility and its first in Malaysia, it announced on Tuesday. Having doubled its tech headcount since the end of 2017 to almost 2,000 employees, Grab plans to hire for...

Government Land Sales programme releases white site in Woodlands Regional Centre

A 2.75 hectare white site in Woodlands Regional Centre has been released for sale by the Urban Redevelopment Authority (URA) under the reserve list of the second half 2018 Government Land Sales programme.

Stocks to watch: EpiCentre, Hong Leong Asia, Great Eastern, China Star Food

The following companies saw new developments which may affect trading of their shares on Tuesday:

China Star Food proposes 1-for-1 rights issue at 1.5 S cents per rights share

CATALIST-LISTED sweet potato snacks maker China Star Food Group is proposing a one-for-one renounceable rights issue at 1.5 Singapore cents per rights share, with the net proceeds to go towards a partial capital contribution for a China subsidiary as well as working capital in Singapore, it...

Great Eastern to buy Indonesia insurance firm for US$28m

GREAT Eastern Holdings is acquiring Indonesia-registered PT QBE General Insurance Indonesia for US$28 million, it announced on Tuesday morning.

Trade tensions seen among 2019's top business risks

TRADE tensions between China and the United States, nationalist politics and increased environmental regulation are among the top risks for firms in 2019, according to specialist risk consultancy Control Risks' annual look at the year ahead...

Silkroad Nickel receives writ of summons over reverse takeover fees

CATALIST-LISTED Indonesian nickel mining group Silkroad Nickel and its two executive directors have been named as defendants in a writ of summons by four Malaysian-based lawyers who were involved in the reverse takeover of the company by FE Resources.

SingPost to use AI to improve parcel traceability, reliability for customers across South-east Asia

SINGAPORE Post (SingPost) is using artificial intelligence (AI) to better plot courier delivery routes and alert customers half-an-hour before their parcel arrives, with the software integration expected to be completed next year.

Air New Zealand to operate Singapore-Christchurch service

AIR New Zealand will operate flights between Singapore and Christchurch from December 2019, following approval for it and Singapore Airlines to extend their existing joint venture alliance for five years to March 2024.

Spackman film breaks even within 12 days of release in South Korea

CATALIST-LISTED Spackman Entertainment Group's new film Default has grossed US$20 million in box office revenue with 2.7 million admissions, crossing the break-even point of 2.6 million tickets within 12 days of its official wide release in South Korea on Nov 28...

Singapore shares open lower on Monday; STI down 0.9% to 3,081.93

SINGAPORE shares opened lower on Monday with the Straits Times Index down 29.19 points to 3,081.93 as at 9.01am, as Asian stocks slid on heightened worries over trade tensions between the United States and China.

Stocks to watch: Centurion, KTL Global, SembMarine, Singtel, Silkroad Nickel

THE following companies saw new developments which may affect trading of their shares on Monday:

Silkroad Nickel receives writ of summons over reverse takeover fees

CATALIST-LISTED Indonesian nickel mining group Silkroad Nickel and its two executive directors have been named as defendants in a writ of summons by four Malaysian-based lawyers who were involved in the reverse takeover of the company by FE Resources.

KTL Global reshuffles board

OFFSHORE services company KTL Global has reconstituted its board of directors with effect from Dec 10, with two appointments and a resignation.

SembMarine names retired auditor Tan Wah Yeow as independent director

SEMBCORP Marine has appointed retired KPMG audit partner Tan Wah Yeow as an independent director and member of the audit committee with effect from Dec 10, it announced on Monday morning before the market opened.