Sembcorp hires Contact Energy CFO; current CFO Koh to head regional utilities business

SEMBCORP Industries has hired Contact Energy chief financial officer (CFO) Graham Cockroft to be its new group chief financial officer with effect from Sept 3, 2018, the rig builder announced on Monday before the market opened.

MAS to raise insurance coverage for Sing-dollar deposits

DEPOSITORS could enjoy greater insurance coverage for their savings, while private-hire car owners could be protected against a collapse of their insurers from April 1, 2019 after the Monetary Authority of Singapore (MAS) received broad support for those changes.

Insurance policy protection for private-hire drivers, higher deposit safeguards to be in place from April 2019

DEPOSITORS could enjoy greater insurance coverage for their savings, while private-hire car owners could be protected against a collapse of their insurers from April 1, 2019 after the Monetary Authority of Singapore (MAS) received broad support for those changes.

Boustead's chairman puts trust in Falcon Energy MD

BOUSTEAD chairman and chief executive Wong Fong Fui - who emerged as a significant shareholder in Falcon Energy Group (FEG) on Wednesday - pointed to trust in FEG's managing director P T Tan as a major factor behind his S$2 million investment. ...

Boustead's Wong Fong Fui buys 8% stake in Falcon Energy for S$2m

BOUSTEAD chairman and chief executive Wong Fong Fui now holds an 8 per cent stake in offshore oil and gas contractor Falcon Energy after buying 70 million shares at 2.8 Singapore cents per share through a private placement.

SGX, Tel-Aviv to pursue tech, healthcare firms for dual listings

SINGAPORE Exchange (SGX) and the Tel-Aviv Stock Exchange (TASE) are teaming up to get technology and healthcare companies to list on both exchanges, the market operators announced on Monday.

SGX, Tel-Aviv to pursue tech, healthcare firms for dual listings

SINGAPORE Exchange (SGX) and the Tel-Aviv Stock Exchange (TASE) are teaming up to get technology and healthcare companies to list on both exchanges, the market operators announced on Monday.

GSH bags bookings for 100 units worth RM330m at Coral Bay project in Malaysia

GSH Corp has received bookings for 100 residential units worth more than RM330 million (S$110 million) during a private preview event for its 460-unit Coral Bay luxury condominium project in Kota Kinabalu, Sabah.

Singapore O&G Q1 profit grows 24% to S$2.5m

SINGAPORE O&G's first-quarter net profit rose 23.7 per cent to S$2.5 million, or 0.52 Singapore cent per share, as both its core businesses and its new paediatrics segment contributed higher sales, the women's and children's clinic operator announced on Monday...

Ascendas India Trust to invest up to 9.3b rupees to build, acquire 2 Navi Mumbai buildings

ASCENDAS India Trust plans to provide construction funding and to buy two buildings in the township of Navi Mumbai, India, for a total debt-and-equity investment of up to about 9.3 billion Indian rupees (S$186 million), the trust manager announced on Monday. (see amendment note)

Malaysia timber company Jawala lodges preliminary documents for Catalist IPO

SABAH, Malaysia-based timber company Jawala has lodged a preliminary prospectus ahead of a planned initial public offering (IPO) on the Singapore Exchange's Catalist board...

Scion of Resources Prima chairman resigns as director for new job

THE son of Resources Prima Group's executive chairman and chief executive Agus Sugiono has resigned as an executive director for another job, the Indonesian coal mining company announced on Friday...

Noble appoints Provenance as independent adviser on restructuring plan

NOBLE Group has appointed Provenance Capital as an independent financial adviser to give an opinion on its proposed restructuring plan for shareholders, the commodity trader announced on Thursday.

Japan Foods Q4 profit grows 67.8% to S$0.9m as diners slurp up ramen, new brands

JAPAN Foods Holding's net profit rose 67.8 per cent to S$938,000 for its fiscal fourth quarter amid better sales from its Menya Musashi ramen restaurants and new brands...

SGX volumes down despite rising prices, latest numbers show

STOCK prices may be up on the Singapore Exchange (SGX), but actual trading volumes have thinned, the latest statistics from the market operator seem to suggest.

Daily average trades on SGX rose 12% to S$1.3b in April

THE average daily value of trades on the Singapore Exchange (SGX) rose 12 per cent year-on-year in April to S$1.3 billion although the average daily volume fell 26 per cent to 1.8 billion shares, according to the latest statistics from the market operator.

AusGroup to seek consent from holders of S$110m of 8.45% notes due October 2018

AUSGROUP plans to launch a consent solicitation exercise for its S$110 million of 8.45 per cent notes due October 2018, and will conduct a first informal meeting with noteholders on May 16, the construction engineering company announced on Wednesday.

Singapore stocks: STI resumes Monday afternoon trading at 3,539.28, down 0.17%

SINGAPORE stocks remained on a negative slope as trading resumed on Monday afternoon, with the Straits Times Index down 0.17 per cent or 6.1 points at 3,539.28 on the day as at 1.01pm.

Nordic Group clinches S$6.1m of contracts through 2020

NORDIC Group has secured about S$6.1 million of contracts due to be completed between the second quarter of 2018 and the end of 2020, the construction and engineering company announced on Thursday.

AGV inks new MOU for regional expansion, ends previous deal

AGV Group has entered into a new memorandum of understanding (MOU) to develop a regional hot dip galvanising business while scrapping a previous agreement for a similar business in Myanmar.

Holland Tower offered for en bloc sale with S$65m reserve price

OWNERS of the 19-unit Holland Tower condominium near the Holland Village neighbourhood have put their site up for collective sale by tender with a reserve price of S$65 million.

Addvalue to place up to S$10m of shares at S$0.04 each

ADDVALUE Technologies is raising up to S$10 million through a stock placement of 250 million shares at four Singapore cents apiece, the satellite communications company announced on Monday.
HOT STOCKS

Raised bid of S$0.55 hoists Tat Hong stock 11% to S$0.54

SHARES of crane supplier Tat Hong Holdings rose 11.3 per cent to 54 Singapore cents on Thursday after bidders seeking to privatise the company raised their offer by 5 Singapore cents to 55 Singapore cents per share.

New board at Singapore Indian Chamber focuses on recruitment, gender diversity

THE NEWLY elected board for the Singapore Indian Chamber of Commerce and Industry (SICCI) has placed recruitment and gender diversity atop its priorities for its two-year term.

MAS proposes guidelines to boost individual accountability at financial institutions

THE MONETARY Authority of Singapore (MAS) is seeking feedback on proposals to strengthen the individual accountability of senior managers and raise standards of conduct in financial institutions.