Golden Energy unit makes takeover bid for Stanmore Coal

A SUBSIDIARY of Singapore-listed mining company Golden Energy and Resources (Gear) has renewed a takeover attempt for Australia-listed Stanmore Coal.

Genting Singapore's senior management and managerial staff take 9-18% pay cut amid Covid-19

GENTING Singapore on Tuesday announced that it has cut the salaries of senior management and managerial staff by 9 to 18 per cent as part of cost control measures amid the Covid-19 pandemic.

Singapore's non-oil exports up 3% in February, reversing January's drop

SINGAPORE exports were back in positive territory in February 2020, defying expectations of a slowdown led by the novel coronavirus outbreak, thanks to a growth in both electronics and non-electronics shipments.

LTA awards S$265.4m contract for 3 stations on Jurong Region Line

A JOINT venture between John Holland and McConnell Dowell South East Asia has snagged a S$265.4 million contract for the design and construction of three Jurong Region Line (JRL) stations, the Land Transport Authority (LTA) announced on Tuesday. 

Moody's places Genting Singapore's rating on review for downgrade

MOODY'S Investors Service has placed its A3 issuer rating on mainboard-listed Genting Singapore on review for a downgrade, the credit rating agency said in a research note on Monday. 

Singapore investor relations body seeks clarity from authorities on virtual AGMs

THE Investor Relations Professionals Association (Singapore) or IRPAS has recommended an "active dialogue" on how companies can manage virtual annual general meetings (AGMs) while meeting corporate governance requirements.

Biolidics expects 'strong interest' in share placement

CANCER diagnostics company Biolidics is expecting "strong interest" for its share placement that could raise some S$3.1 million to fuel its business expansion and pursue new growth opportunities.

Singapore investor relations body seeks clarity on virtual AGMs amid virus outbreak

THE Investor Relations Professionals Association (Singapore) or IRPAS has recommended an "active dialogue" on how companies can manage virtual annual general meetings (AGMs) while meeting corporate governance requirements.

Broker's take: OCBC downgrades CDLHT to 'hold' on growing concerns over pandemic

AMID the intensifying spread of the novel coronavirus, OCBC Investment Research has lowered its rating on CDL Hospitality Trusts (CDLHT) to "hold" from "buy" previously, and cut its fair value estimate on the counter to S$1.09 from S$1.62. 

Stocks to watch: SIA, SGX, SIIC Environment, Biolidics, Tee International

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

Biolidics to raise S$3.1m from share placement for expansion

CANCER diagnostics company Biolidics on Monday said it will undertake a share placement to raise about S$3.1 million to fuel its business expansion and pursue new growth opportunities.

VIRUS OUTBREAK

Changi Airport's Feb passenger traffic falls 32.8% as virus hits travel demand

SINGAPORE Changi Airport handled about 3.5 million passenger movements in February 2020, a 32.8 per cent drop from a year ago, as air travel continued to be impacted by the Covid-19 situation.

influence.co raises US$3m in seed funding led by Bonfire Ventures

INFLUENCE.CO, a platform for influencers, creators and businesses, has closed a US$3 million seed funding round led by Bonfire Ventures, the company announced on Friday. 

Changi Airport February passenger traffic falls 32.8% as virus hits travel demand

SINGAPORE Changi Airport handled about 3.5 million passenger movements in February 2020, a 32.8 per cent drop from a year ago, as air travel continued to be impacted by the Covid-19 situation.

STI plummets 6.2% in early Friday trade, tracking global rout

SINGAPORE shares plunged at Friday's open, after global equities slumped overnight and US stocks sank by the most since the "Black Monday" market crash in 1987.

Khong Guan posts H1 loss of S$636,000

BISCUIT maker Khong Guan saw its net loss widen slightly to S$636,000 for the half year ended Jan 31, 2020, from S$634,000 a year ago, the mainboard-listed company announced in a bourse filing on Thursday evening.  

OEL in non-binding pact to buy 51% stake in China healthcare firm

CATALIST-LISTED OEL (Holdings) on Thursday said it has entered into a non-binding memorandum of understanding (MOU) for the proposed acquisition of a 51 per cent stake in Shanghai Longjian Hospital Management Co.

PropertyGuru expands into home financing with new mortgage marketplace

REAL estate tech firm PropertyGuru has entered the home finance space with the launch of its mortgage marketplace, PropertyGuru Finance, in Singapore.

IMDA suspends Zero Mobile's licence; issues blacklists over billing disputes

THE Infocomm Media Development Authority (IMDA) has suspended Zero Mobile's licence to provide mobile virtual network operator services with immediate effect, and blacklisted the company as well as its directors.

IMDA suspends Zero Mobile's licence on failure to address outstanding billing disputes

THE Infocomm Media Development Authority (IMDA) has suspended Zero Mobile's licence to provide mobile virtual network operator services with immediate effect, and blacklisted the company and its director(s).

PropertyGuru expands into home financing with new mortgage marketplace

REAL estate tech firm PropertyGuru has entered the home finance space with the launch of its mortgage marketplace, PropertyGuru Finance, in Singapore. 

Broker's take: KGI downgrades Uni-Asia to 'neutral', halves target price to S$0.62

KGI Securities has lowered its call on Uni-Asia Group to "neutral" and halved its target price on the counter to S$0.62, citing that the group's business will be "hurt on all sides" amid the Covid-19 outbreak and a weaker overall macroenvironment. 

Singapore stocks sink amid global rout; STI opens 1.4% lower

SINGAPORE shares tumbled in the early trade on Thursday tracking a Wall Street rout overnight, with the Straits Times Index (STI) losing 39.19 points or 1.4 per cent to 2,744.53 as at 9.01am. 

OEL in non-binding pact to buy 51% stake in China healthcare firm

CATALIST-LISTED OEL (Holdings) on Thursday said it has entered into a non-binding memorandum of understanding (MOU) for the proposed acquisition of a 51 per cent stake in Shanghai Longjian Hospital Management Co.

VIRUS OUTBREAK

Covid-19: SP to cut director fees, senior management bonuses

SP Group's directors will take a pay cut, while its senior management will trim their bonuses this year. This in the spirit of solidarity and to support its staff and the wider community amid the coronavirus outbreak, the electricity grid operator said on Friday.