BT EXCLUSIVE

Tourism sector growth spree set to continue in 2nd half

THE tourism sector will likely retain its growth momentum in the second half of the year, underpinned by burgeoning travel demand and tourist flows from markets such as China and India.

As Q3 earnings jump 64%, SPH plans new growth thrusts

SINGAPORE Press Holdings (SPH) is looking at overseas opportunities to expand its real estate asset management and aged care businesses, as well as sharpening its digital capabilities even as the decline in its core media business shows signs of slowing down.

SIA to expand direct services to US

SINGAPORE Airlines (SIA) is boosting its direct services to the United States as it launches non-stop flights to Los Angeles in November, while bumping up frequencies on its existing non-stop service to San Francisco that same month.

Yanlord Land acquires Hangzhou residential site

REAL EState developer Yanlord Land Group has acquired a prime residential development site in Hangzhou for about 2.94 billion yuan (S$600 million) as it continues to expand its footprint within the Yangtze River Delta.

Yanlord Land acquires site in Hangzhou

Real estate developer Yanlord Land Group has acquired a 154,500 square metre, gross floor area (GFA) prime residential development site in Hangzhou for approximately RMB2.94 billion (S$600 million) through a public land auction.

SembMarine to pay higher price of US$39m for Sevan Marine ASA's IP rights after talks with shareholders

SEMBCORP Marine (SembMarine) will pay US$39 million for the acquisition of the intellectual property rights of Oslo-listed Sevan Marine ASA - instead of US$28 million - after negotiations with several of Sevan Marine's shareholders...

SBF leads business mission to Bangladesh

THE Singapore Business Federation (SBF) is leading a business delegation to Dhaka and Chittagong from July 7 to 13 to garner first-hand understanding of the business environment and explore emerging opportunities.

Sembcorp Marine raises purchase price for Sevan Marine's intellectual property rights

SEMBCORP Marine (SembMarine) is upping the purchase price for the acquisition of the intellectual property rights of Oslo-listed Sevan Marine ASA to US$39 million from US$28 million.

Singapore property, bank stocks tumble on new cooling measures; analysts slash target prices

THE fall in property and bank stocks continued on Friday afternoon, after the Government's surprise measures to cool the property market were announced on Thursday evening...

Sembcorp Industries to redeem S$200m of 5% perpetual securities at par

SEMBCORP Industries is redeeming S$200 million of 5 per cent subordinated perpetual securities that were issued under its S$2.5 billion multicurrency debt issuance programme, the industrial conglomerate announced on Friday before the market opened.

Mapletree Logistics in S$778m warehouse deal with HNA subsidiary

MAPLETREE Logistics Trust is strengthening its presence in Singapore with the acquisition of five modern, ramp-up logistics properties here from Hong Kong-listed CWT International for about S$778.3 million.

SingPost, US-based bike company in logistics and warehousing tie-up

SINGAPORE Post (SingPost) has inked a three-year logistics and warehousing contract with premium global bicycle brand, Specialized Bicycle Components.

SingPost inks logistics and warehousing master contract with Specialized Bicycle

SINGAPORE Post (SingPost) has snagged a three-year logistics and warehousing contract with premium global bicycle brand, Specialized Bicycle Components.

Singapore shares open lower on Thursday; STI down 0.07% to 3,242.64

SINGAPORE shares opened nearly flat on Thursday morning, with the Straits Times Index easing 2.25 points or 0.07 per cent to 3,242.64.

Stocks to watch: Mapletree Logistics Trust, Alliance Mineral Assets, GP Industries, Koyo International

THE following companies issued announcements after the market closed on Wednesday which could affect trading of their shares.

Mapletree Logistics Trust to acquire HNA's Singapore warehouses for S$778.3m

MAPLETREE Logistics Trust is planning to acquire five modern, ramp-up logistics properties in Singapore from Hong Kong-listed CWT International, the wholly owned subsidiary of debt-laden Chinese conglomerate HNA Group, for about S$778.3 million.
INNOVATION PUSH

CAAS announces initiatives, collaboration efforts to ramp up industry transformation

THE Civil Aviation Authority of Singapore (CAAS) is rolling out new initiatives and partnering companies in the aviation industry in a bid to boost innovation, enhance capacity and upskill workers.

Singapore stocks: STI resumes Wednesday afternoon trading, up 0.03% on the day

Singapore stocks resumed trading on Wednesday afternoon nearly flat, with the benchmark Straits Times Index edging up 0.03 per cent or 0.99 points to 3,236.89.

Blocked in 2009, Horizon Towers launches again for collective sale with S$1.1b reserve price

BACK in 2009, Horizon Towers was collectively sold for S$500 million but the sale was overturned. Now the prime District 9 condominium has been launched for sale at a reserve price of S$1.1 billion.

E-commerce firm Anchanto raises US$4m in ongoing Series C round

SINGAPORE-based logistics and selling platform Anchanto has raised US$4 million in the first round of its ongoing Series C investment, led by Telkom Indonesia’s corporate venture capital arm, MDI Ventures.

Singapore shares open flat on Wednesday; STI up 0.03% to 3,236.96

SINGAPORE shares opened barely changed on Wednesday morning, with the benchmark Straits Times Index (STI) inching up 1.06 points, or 0.03 per cent, to 3,236.96 as at 9:05am.

Addvalue Technologies to receive S$1.5m in investment via bond issuance

ADDVALUE Technologies said on Tuesday night it has entered into an agreement with an investor under which she plans to invest S$1.5 million via a subscription of 1.5 million of exchangeable bonds of S$1 each.

Payment performance for local firms dips in Q2, led by wholesale trade

THE payment performance of local firms weakened slightly in the second quarter of this year, with the wholesale trade sector recording the largest increase in slow payments.

Indofood Agri's JV expands footprint in sugar industry

INDOFOOD Agri Resources' joint venture company, Companhia Mineira de Açúcar e Álcool Participações (CMAA), has invested in a sugar asset in Brazil...

Telehealth startup Doctor Anywhere raises S$5.6m in series A financing

SINGAPORE-based telehealth startup Doctor Anywhere has successfully raised S$5.6 million in a series A financing round, anchored by Kamet Capital Partners.