Resources Prima Group's subsidiary enters bankruptcy

A SUBSIDIARY of Catalist-listed Indonesian coal miner Resources Prima Group, PT Rinjani Kartanegara (Rinjani), entered bankruptcy on Monday after most of its creditors rejected its composition plan following a meeting with them.

Viva Industrial Trust declines opportunity to buy Ho Lee Group's Ang Mo Kio property

THE managers of Viva Industrial Trust (VIT) have declined Ho Lee Group's (HLG) offer for it to buy the latter's property at 7000 Ang Mo Kio Avenue 5 for S$300 million...

Jason Marine Group issues profit warning

JASON Marine Group issued a profit warning on Monday after the market closed, saying that it expects to record a net loss for the six months ended Sept 30, 2017.

Sembcorp Marine to sell 9 jackup drilling rigs to Borr Drilling

SEMBCORP Marine's (Sembmarine) wholly-owned subsidiary, PPL Shipyard (PPLS), has agreed to sell nine Pacific Class 400 jackup drilling rigs to Borr Drilling and its subsidiaries for about US$1.3 billion, plus a market-based fee, the yard group said on Friday night. ...

AusGroup to convert some S$5.3m of outstanding debt into new shares

HOLDERS of AusGroup notes with a total principal amount of some S$5.3 million have taken up the oilfield services firm's offer to exchange debt for new shares in the company. ...

OCBC prices 500m euro covered bonds, says transaction well-received

OCBC Bank said on Friday that it has priced 500 million euros (S$800.2 million) in fixed-rate covered bonds due 2022. The covered bonds will bear interest at a fixed rate of 0.25 per cent annum, payable annually in arrear.

Mencast calls for trading halt after price surge, query from SGX

MENCAST Holdings called for a trading halt of its shares at 12.32pm on Thursday, pending an announcement.

Geo Energy unit's US$300m notes offering more than 3 times oversubscribed

INDONESIAN coal mining group, Geo Energy Resources Limited, said on Thursday that its subsidiary's US$300 million notes offering was more than three times oversubscribed, with a total order book of more than US$1.2 billion. ...

When phones tell the future

1What do you think was a significant thing that happened this week?

Three podcast gems for your listening pleasure

STUCK in traffic or crammed up against a stranger's armpit on the train? These podcasts will let you instantly be somewhere else. Other side-effects include having more interesting things to say and a renewed fascination with the world. Stream them from their respective websites, or download...

Unrelenting march of progress

What do you think was the most significant thing that happened this week?