Singapore businesses most digitally-ready in Asia-Pacific: poll

SINGAPORE businesses have come in tops in a DBS survey of the digital readiness of corporates in the Asia-Pacific (APAC) region, with 45 per cent of local businesses indicating they have a well-defined digital strategy.

Singapore, Japan mediation centres sign MOU to provide expedited mediation amid pandemic

THE Singapore International Mediation Centre (SIMC) and Japan International Mediation Center (JIMC) have signed a memorandum of understanding (MOU) to operate a joint protocol providing expedited mediation amid the Covid-19 pandemic.

Broker's take: UOBKH upgrades StarHub to 'buy' on recovery plan

UOB Kay Hian (UOBKH) on Monday upgraded StarHub to "buy", citing recovery trends in the second half of this year.

Hong Lai Huat unit to buy Cambodia land plot for US$22.5m

A WHOLLY-OWNED subsidiary of real estate and agriculture firm Hong Lai Huat Group on Friday entered into an agreement with Lao Channara to acquire a plot of land in Phnom Penh for mixed-use property development for a purchase price of US$22.5 million.

Singapore stocks edge down; STI opens 0.1% lower

SINGAPORE shares opened little changed on Monday, with the benchmark Straits Times Index (STI) shedding about 0.1 per cent or 1.76 points to 2,488.33 as at 9.05am.

Stocks to watch: MIT, Keppel Reit, ST Engg, Singapore Airlines, CapitaLand, Oxley

THE following companies saw new developments that may affect trading of their securities on Monday:

Axington's board engaging Loh cousins on 'strategic changes', and appointing executives

THE two-man board of Axington is engaging with controlling shareholders Nelson and Terence Loh to obtain clarity on "strategic changes" expected to be made in the business direction of the company, the Catalist-listed firm said in a bourse filing on Thursday.

SGX securities turnover up 18% in August on portfolio rebalancing, vaccine hopes

THE Singapore Exchange (SGX) on Friday said the cash equity market became more active in August due to portfolio repositioning after the release of half-year financial results, buoyant US technology stocks as well as hopes for a viable Covid-19 vaccine.

Singapore, Japan to launch green lane on Sept 18

SINGAPORE will launch a green lane for essential business and official travel with Japan on Sept 18, the foreign affairs ministers of both countries said in a joint press statement on Friday.

Axington's board engaging Loh cousins on 'strategic changes'; appointing executives

THE two-man board of Axington Inc is engaging with controlling shareholders Nelson Loh and Terence Loh to obtain clarity on strategic changes to be made in the business direction of the company, the Catalist-listed firm said in a bourse filing late on Thursday.

Sembcorp signs MOU to develop renewable energy solutions for data centres in China

A WHOLLY-OWNED subsidiary of Sembcorp Industries, Sembcorp (China) Holding, has signed a memorandum of understanding (MOU) with US-listed GDS Holdings, a developer and operator of high-performance data centres in China.

Indonesia's Waresix closes Series B round, raises US$100m over past year

INDONESIAN logistics tech startup Waresix has closed its Series B funding round, and raised US$100 million over the last year, it said in a statement on Thursday.

73% of Singapore businesses speeding up digitalisation amid Covid-19: study

NEARLY three in four Singapore organisations are accelerating their pace of digitalisation in response to the Covid-19 pandemic, according to a study on innovation by Microsoft Asia and IDC Asia/Pacific released on Thursday.

Carsome appoints former Dairy Farm executive as COO

USED-CAR trading platform Carsome has appointed Benjamin Koellmann as its new chief operating officer (COO), it said in a statement on Wednesday.

Singapore stocks open higher on Thursday; STI up 0.4%

SINGAPORE shares opened higher on Thursday, tracking Wall Street gains.

Ascott opens new serviced residence in London's Islington district

CAPITALAND'S wholly-owned lodging business unit, The Ascott, has opened a 108-unit serviced residence in London's Islington district.

Raffles Education shares climb over 18% after Oei Hong Leong ups stake

SHARES of Raffles Education Corp sustained their gains on Wednesday afternoon after the company announced that substantial shareholder Oei Hong Leong had bumped up his stake slightly, from 12.9 per cent to 13.05 per cent.

Penrose condo's early-bird prices start from S$788,000 this weekend

A 99-YEAR leasehold condominium jointly developed by Hong Leong Holdings and City Developments Limited will begin previews by appointment from Sept 12, Hong Leong Group said in a statement on Wednesday.

Funding Societies hires GoBear co-founder, expands C-suite

FUNDING Societies, a digital financing platform for small and medium enterprises in South-east Asia, has named a chief financial officer (CFO), chief technology officer (CTO) and chief product officer (CPO).

Raffles Education jumps nearly 20% after tycoon ups stake

PRIVATE education provider Raffles Education Corp called for a trading halt on Wednesday pending the release of an announcement, as its shares continued their rise from the day before.

Three conservation shophouses along Craig Road for sale with S$36m guide price

THREE corner conservation shophouses with private courtyards, located at the junction of Craig Road and Duxton Road, are up for sale by expression of interest with a guide price of S$36 million, exclusive marketing agent Savills Singapore said on Wednesday.

Penrose condo early-bird prices start from S$788,000 at preview this weekend

A 99-YEAR leasehold condominium jointly developed by Hong Leong Holdings and City Developments Limited (CDL) will begin previews by appointment from Sept 12, Hong Leong Group said in a statement on Wednesday.

Rex inks options agreements to fund Norway exploration

OILFIELD services firm Rex International has signed options agreements to partially fund its 90 per cent-owned subsidiary Lime Petroleum's participation in the exploration drilling of two wells in Norway.

Hot stock: SGX queries Raffles Education after shares jump 26%

THE Singapore Exchange (SGX) on Tuesday afternoon queried private education provider Raffles Education Corp about "unusual price movements" after its shares jumped over 25 per cent.

Mega water and waste treatment facility at Tuas begins construction

TUAS Nexus, which is set to be Singapore's first water and waste treatment facility, has begun construction and will be completed in phases from 2025 onwards, the National Environment Agency (NEA) and Singapore's National Water Agency PUB said in a joint statement on Tuesday.