Allied's price plunge due to business rejig, says director

ALLIED Technologies is in the midst of transforming itself from a metal stamping business to an e-commerce, e-payments and loyalty play.

Interest income, fair value gains lift Straits Trading Q2 net 3 times to S$34m

HIGHER income from investments - including S$20 million in interest income - and fair value gains of S$14.6 million on investment properties boosted second quarter earnings for Straits Trading Company.

Straits Trading's Q2 earnings quadruple to S$33.9m

H<span class="UNDERLINE">IGHER</span> income from its investments, which included S$20 million in interest income and a fair value gain in investment properties of S$14.6 million, boosted results for Straits Trading Company in its second quarter...

UrbanZoom launches API access to property auto-valuation tool

URBANZOOM, a homegrown artificial-intelligence-enabled research portal for HDB and condominiums, on Monday announced that it has enabled API access to its proprietary auto-valuation tool, Zoom Value, which has been tested and used by several Singapore government agencies and companies. 

Singapore startup UrbanZoom launches API access to property auto valuation tool

URBANZOOM, a homegrown artificial-intelligence-enabled research portal for HDB and condominiums, on Monday announced that it has enabled API access to its proprietary auto-valuation tool, which has already been used by Singapore government agencies and companies. 

Higher costs, losses from associates hit KSH's Q1 profit

HIGHER expenses and deeper losses in its share of results from associates dented results for KSH Holdings (KSH) in its first quarter.

KSH's Q1 net profit shrinks 3.8% to S$6m

HIGHER expenses and deeper losses in its share of results from associates dented results for KSH Holdings (KSH) in its first quarter.

Singtel's Q1 earnings fall 6.6% on price wars in India, Indonesia

INTENSE price competition in India and Indonesia, a reduced economic interest in NetLink NBN Trust, adverse currency movements and higher withholding tax on dividends hit Singtel's first-quarter results...

Absence of one-off gain hits F&N's Q3

HIGHER input costs and last year's exceptional gain of S$1.2 billion that resulted from the group's enlarged control of Vietnam Dairy Products Joint Stock Co (Vinamilk), the largest dairy company in Vietnam, weighed down results for Fraser and Neave (F&N) in its third quarter...

Lack of exceptional gain pulls F&N Q3 net profit down to S$50.3m

HIGHER input costs and last year’s exceptional gain of S$1.2 billion that resulted from the group's enlarged control of Vietnam Dairy Products Joint Stock Co (Vinamilk), the largest dairy company in Vietnam, weighed down results for Fraser and Neave (F&N) in its third quarter...

Raffles Medical Q2 profit up 0.8% at S$16.9m

RAFFLES Medical Group recorded nearly flat growth in its net profit for its second quarter, while revenue stayed steady.

Industrial site at Corporation Drive triggered for public tender: JTC

JTC on Monday said that it has accepted an application to put up an industrial site at Corporation Drive for sale by public tender. The land parcel was made available for application through the Reserve List system under the second half 2018 Industrial Government Land Sales programme.

Singtel, CapitaLand Mall Trust top corporate governance rankings again

SINGAPORE'S most well-governed and transparent listed companies were unveiled on Monday, with Singtel topping the annual Singapore Governance and Transparency Index (SGTI) ranking in the general category for the fourth consecutive year, and CapitaLand Mall Trust leading the real estate...

SGX amends listing rules after MAS accepts corporate governance council’s recommendations

THE Singapore Exchange (SGX) on Monday said it will make amendments to its listing rules following the Monetary Authority of Singapore’s (MAS) acceptance of a slew of recommendations to encourage board renewal and diversity as well as strengthen director independence.

Noble to boost new trading holding company bond issuance from US$280m to US$300m

COMMODITIES trader Noble Group on Monday gave an update on its fianncial restructuring, saying that following further engagement with its ad hoc group of creditors it has agreed to increase the total issuance of the new trading holding company bonds from US$280 million as at June 22, 2018, to US$...

Raffles Medical Q2 profit up 0.8% to S$16.9m

RAFFLES Medical Group recorded nearly flat growth in its net profit for its second quarter, while revenue stayed steady.

OCBC's profit climbs 16% for Q2 to S$1.21b, beating estimates

OCBC Bank on Monday reported a net profit of S$1.21 billion for the second quarter of 2018, climbing 16 per cent from S$1.04 billion a year ago, even as CEO Samuel Tsien warned that the operating environment is becoming "increasingly challenging and we are watchful of the severe implications ...

Higher development, investment income boost UOL's Q2

HIGHER profit from property development and property investment, as well as higher dividend income received and recognition of higher fair value gains on investment properties, gave a fillip to results for UOL in its second quarter.

UOL Q2 bottom line rises 21% to S$132.7m

HIGHER profit from property development and property investment as well as higher dividend income received and recognition of higher fair value gains on investment properties gave a fillip to results for UOL in its second quarter.

Ascendas Reit buys Brisbane business park for A$33.5m

ASCENDAS Reit on Thursday announced the acquisition of a logistics property, Cargo Business Park, located at 56 Lavarack Avenue, in Brisbane, Australia, for A$33.5 million (S$33.9 million) from the vendor TS1 (Qld) Pty Ltd.

Ascendas Reit buys Brisbane business park for A$33.5m

ASCENDAS Reit on Thursday announced the acquisition of a logistics property, Cargo Business Park, located at 56 Lavarack Avenue, in Brisbane, Australia, for A$33.5 million (S$33.9 million) from the vendor TS1 (Qld) Pty Ltd.

Ezion announces changes in senior management

OFFSHORE and marine company Ezion Holdings on Thursday announced changes in senior management "to sharpen focus on business priorities and operational efficiency of the group"...

Ezion announces changes in senior management

OFFSHORE and marine company Ezion Holdings on Thursday announced changes in senior management “to sharpen focus on business priorities and operational efficiency of the group”.

Ryobi Kiso applies to High Court to begin reorganisation process

GROUND engineering solutions firmRyobi Kiso on Tuesday said that it has made applications to the High Court to commence a court-supervised reorganisation process, with the intention of proposing a scheme of arrangement to reorganise its liabilities.

Singapore equities still favoured amid uncertain, volatile H2 for Asia

INVESTMENT strategists are calling investors to reduce exposure to Asian equities in the face of rising rates, trade tensions, a stronger dollar and potential contagion from capital outflows from global emerging markets in the second-half of this year.