Slowdown in Asia next year before H2 recovery: Nomura

IT'S going to get worse before it gets better. Nomura economists believe that 2019 will be a year of two halves for Asia, the first half gloomy and the second half a recovery...

OUELH to co-build international hospital in Shenzhen

OUE Lippo Healthcare (OUELH) is looking to develop and operate an international hospital in Prince Bay, Shenzhen in partnership with Hong Kong based state-owned conglomerate China Merchants Group.

OUE Lippo Healthcare to build international hospital in Shenzhen with China Merchants

OUE Lippo Healthcare (OUELH) is developing and operating an international hospital in Prince Bay, Shenzhen in partnership with Hong Kong-based, state-owned conglomerate China Merchants Group. 

Biolidics launches IPO to raise S$6.1m

MEDICAL technology company Biolidics on Tuesday launched an initial public offering (IPO) of 27.5 million new shares at S$0.28 each. The placement is in conjunction with its proposed listing on the Catalist board on Dec 19.
BT EXCLUSIVE

Telco, bank, consumer stocks among bargains in discount bin: analysts

WITH the Straits Times Index (STI) down 10 per cent year-to-date, following widespread selling in the second half of this year, market watchers note that value has emerged in selected stocks, particularly in the telecom, banking and consumer goods sectors.

Beware 'value traps' in bargain bins: fund managers

IT does take courage to buy value stocks, Andrew Lyddon, an equity fund manager at Schroders, said at the November Schroders International Media Conference 2018 in London. While a market correction can translate into higher odds of oversold stocks and overpriced risks, it also requires a certain...
BT EXCLUSIVE

Best World COO lauds new China strategy as share price surges

BEST World International has begun to see the benefits of changing its business model in China, and is making positive progress in other key markets, the company's chief operating officer told The Business Times...

SPH Reit still seeking acquisitions amid tough market

THE manager of SPH Reit says it is hard to find good assets both locally and overseas, evidenced by the limited number of transactions completed in the market this year.

Upset Pines members demand city club membership or compensation

CLOSE to 90 upset members of The Pines club have made good on their earlier threat to initiate legal action against club owner Peter Kwee, a prominent car and property businessman.
STOCKS

Tech stocks propel Singapore market

SINGAPORE stocks extended gains from late last week, with the Straits Times Index (STI) rising 40.89 points, or 1.34 per cent to 3,093.38. Gainers outnumbered losers 210 to 154, after about 1.6 billion shares worth S$853.8 million changed hands.

Singapore shares close higher on Monday

SINGAPORE stocks ended higher on Monday, with the Straits Times Index rising 40.89 points, or 1.34 per cent to 3,093.38. 

The dearth of engineers

AS I follow Emily Lim, a petite civil engineer with the Land Transport Authority (LTA), through the worksite of the Thomson-East Coast MRT line at Marine Terrace, I marvel at how easily she zigzags through the crowded work site, undeterred by the muddy puddles or scorching heat, greeting the site...

Strength in a sari

GROWING up in the throes of the Bangladesh Liberation War had a profound impact on Durreen Shahnaz from an early age.

Startup Sygnum in tie-up with blockchain firm daura

FINTECH startup Sygnum on Friday announced its partnership with blockchain company daura to build a solution to securely issue digital assets such as tokenised shares and investment products.

Frasers Property's full-year net profit rises 10% to S$759m

FAIR-value gains, the timing of sales settlements of development projects in Singapore and Australia, and maiden contributions from the business parks in the United Kingdom lifted results for Frasers Property for its 2018 financial year.

Resolutions to approve schemes passed: Noble

THE board of Noble Group on Friday announced that resolutions to approve both its English and Bermuda schemes have been passed at a Nov 8 meeting, with the requisite majority of each class of scheme creditors giving the green light.

SRX Property website, app add function for switching electricity retailer

Households can save on their power bills by switching their electricity retailer online in just a few clicks with a new service launched on Friday by real-estate services provider SRX Property .

Singtel-backed fintech firm Sygnum announces tie-up with blockchain company daura

FINTECH firm Sygnum on Friday announced its partnership with blockchain company daura to build a solution to securely issue digital assets such as tokenised shares and investment products.

Gaylin flags loss for Q2 due to 'challenging' oil and gas environment

THE board of oil and gas contractor Gaylin Holdings on Friday said that following a preliminary review of the unaudited financial results of the group for the second quarter ended Sept 30, 2018, the group is expected to record a net loss due to the "continued challenging environment" for...

Fraser Property's fiscal 2018 profit up 10% to S$759m

FAIR value gains of S$637 million on Frasers Property’s investment properties, as well as the timing of sales settlements of development projects in Singapore and Australia, and maiden contributions from the business parks in the United Kingdom lifted results for the group for its 2018 financial...

Noble says resolutions to approve English and Bermuda schemes passed

THE board of Noble Group on Friday announced that resolutions to approve both its English and Bermuda schemes have been passed at the Nov 8 scheme meeting, with the requisite majority of each class of scheme creditors giving the green light. 

UOL clarifies that it is in talks to buy Sydney office property

PROPERTY developer UOL Group said on Thursday that it is currently in preliminary confidential discussions with a party on the possible acquisition of an office building in Sydney, Australia.

Stocks to watch: Singtel, Yoma, Memories, Ley Choon, Yangzijiang, TalkMed, Jawala, Aspial

THE following companies saw new developments that could affect trading of their shares on Thursday:

Singtel Q2 profit plunges 77% to S$667m on absence of year-ago exceptional gain

SINGTEL's second-quarter net profit plunged 77 per cent on the previous year to S$667 million, its lowest quarterly earnings in 15 years, according to results on Thursday morning...
NEW FUNDING

ONE Championship to invest up to US$50m in e-sports with partners

SINGAPORE-BASED martial arts organisation, ONE Championship, on Wednesday said it intends to lead a plan to invest up to US$50 million alongside key partners, including Singapore companies Razer and Singtel, to create Asia's largest global e-sports championship series - ONE eSports...