CDL Hospitality Trusts acquires 95% stake in Italy hotel for 40.6m euros

CDL Hospitality Trusts (CDLHT) is acquiring a 95 per cent stake in Hotel Cerretani Florence, MGallery by Sofitel for 40.6 million euros (S$63.6 million), its managers announced on Friday.

CDL Hospitality Trusts acquires majority stake in Italy hotel for 40.6m euros

CDL Hospitality Trusts (CDLHT) is acquiring a 95 per cent stake in Hotel Cerretani Florence, MGallery by Sofitel for 40.6 million euros (S$63.6 million), its managers announced on Friday. 

Sinarmas Land's Q3 profit falls 25.7%

LOWER revenue, higher finance cost, and a weakening of the Indonesia rupiah dampened results for Indonesian property developer Sinarmas Land (SML) in its third quarter.

ComfortDelGro Q3 profit falls 2%

TRANSPORT giant ComfortDelGro has posted a net profit of S$78.5 million for the third quarter, down 2 per cent from S$80.1 million a year earlier, on the back of lower dividend payouts from subsidiary Cabcharge Australia.

ComfortDelGro Q3 net profit down 2% to S$78.5m

COMFORTDELGRO Corp has posted a net profit of S$78.5 million for the third quarter, down 2 per cent from S$80.1 million a year earlier, on the back of lower dividend payouts from its subsidiary, Cabcharge Australia. 
STOCKS

STI gives up bulk of earlier gains of 32 pts

SINGAPORE shares ended slightly up on Wednesday after giving up most of its gains from earlier in the day, as the US mid-term elections zoomed into focus.

Singapore shares close up 0.2% on Wednesday

SINGAPORE stocks ended slightly higher on Wednesday, with the Straits Times Index rising 4.74 points or 0.2 per cent to 3,065.36. 

Battery maker GP Industries Q2 profit down 3.8%

BATTERY maker GP Industries on Monday posted a 3.8 per cent fall in second-quarter net profit, on the back of higher distribution and finance costs, as well as lower other operating income. 
STOCKS

Asian stocks down after FOMC meeting

ASIAN equities took on a weaker tone on Thursday, following a muted close on Wall Street overnight. This comes after minutes from the latest FOMC meeting leaned towards a more hawkish tone, with the Fed showing a commitment to tighten monetary policy in a bid to keep the economy steady. The US...

Singapore shares close flat on Thursday

SINGAPORE stocks ended flat on Thursday, with the Straits Times Index falling 1.43 points or 0.05 per cent to 3,069.67. 

Singapore stocks: STI resumes Thursday afternoon trading at 3,066.15, down 0.2% on day

SINGAPORE stocks resumed afternoon trading in negative territory on Thursday, with the Straits Times Index falling 4.95 points, or 0.2 per cent to 3,066.15 as at 1.01pm. 
STOCKS

Asia stocks end higher on Wall St gains

STOCKS in Asia ended broadly higher on Wednesday, after a firm handover from Wall Street overnight. Some semblance of stability was restored in the markets after US stocks rallied the most since March, as corporate earnings provided a respite from trade tensions. The Dow and the S&P 500 jumped...

Singapore shares close 1.2% higher on Wednesday

SINGAPORE stocks ended higher on Wednesday, with the Straits Times Index rising 36.79 points or 1.2 per cent to 3,071.1. 

Singapore stocks: STI resumes Wednesday afternoon trading higher at 3,082.64, up 1.6% on day

SINGAPORE stocks resumed afternoon trading in positive territory on Wednesday, with the Straits Times Index rising 48.33 points, or 1.6 per cent to 3,082.64 as at 1.01pm. 
STOCKS

Asian stocks mixed amid uncertainties

ASIAN stocks traded mixed on Tuesday after early gains fizzled as investors grappled with the ongoing US-China trade rhetoric, and geopolitical strains. In fact, many are still trying to gauge the direction of the US economy, as the earnings season kicks in, market observers say.

Singapore shares close 0.4% lower on Tuesday

SINGAPORE stocks ended lower on Tuesday, with the Straits Times Index falling 11.66 points or 0.4 per cent to 3,034.31. 

Singapore stocks: STI resumes Tuesday afternoon trading lower at 3,037.42, down 0.3% on day

SINGAPORE stocks resumed afternoon trading in negative territory on Tuesday, with the Straits Times Index falling 8.55 points, or 0.3 per cent to 3,037.42 as at 1.04pm. 
STOCKS

STI down 0.8% amid sea of red in Asia

HOPES that last Friday's US stock rebound would provide a fresh start to the trading week were dashed in the Asia session on Monday. Singapore was not spared. This came as investors were still gloomy after warnings from finance chiefs at the annual IMF meeting held over the weekend. ...

Singapore shares close 0.8% lower on Monday

SINGAPORE stocks ended lower on Monday, with the Straits Times Index shedding 23.2 points or 0.8 per cent to 3,045.97. 

Singapore stocks: STI resumes Monday afternoon trading at 3,056.5, down 0.4% on day

SINGAPORE stocks resumed Monday afternoon trading in negative territory, with the Straits Times Index falling 12.67 points, or 0.4 per cent to 3,056.5 as at 1.11pm. 

Duty Free International Q2 profit falls 12.6%

MAINBOARD-listed Duty Free International (DFI) has posted a 12.6 per cent decline in second-quarter net profit to RM12.3 million (S$4 million) as revenue fell 21.8 per cent. For the three months ended Aug 31, earnings per share (EPS) came in at 1.02 sen, down from 1.15 sen in the year-ago period.

Duty Free International Q2 net profit falls 12.6% to RM12.3m

MAINBOARD-listed Duty Free International has posted a 12.6 per cent decline in second-quarter net profit to RM12.3 million (S$4.09 million) as revenue fell 21.8 per cent. 
SPOTLIGHT

Using creativity to foil copycats

IP protection is overrated. And to avoid being replaced by machines, we should block out two to three hours each day for deep, creative work. These were some of the insights discussed by Howard Yu, professor of management and innovation at the IMD business school in Switzerland, in the first of a...

China tech, financials represent 'window of opportunity': DBS investment chief

NOW is the time to re-engage Asian equities for investment, especially financials and tech plays in China.

China Fibretech resumes trading as Raffles Infrastructure

AFTER nearly a three-year break, China Fibretech has resumed trading on the Singapore Exchange (SGX) under its new name, Raffles Infrastructure Holdings.