Biolidics seeking arbitration after Japanese partner makes counterclaim in patent dispute

CATALIST-LISTED medtech firm Biolidics on Thursday said it has issued a notice of arbitration (NOA) to Japan-based healthcare group Sysmex Corporation in light of disputes over intellectual property (IP).

Biolidics serves arbitration notice to biochip partner Sysmex over IP woes

CATALIST-LISTED medtech firm Biolidics on Thursday said it has issued a notice of arbitration (NOA) to Japan-based healthcare group Sysmex Corporation in light of disputes over intellectual property (IP) matters.

Singapore shares soar on US election high; STI up 1.4%

SINGAPORE stocks were pulled into positive territory on Thursday morning, tracking gains on Wall Street and Europe overnight as investors awaited results from the US presidential election that has proven far closer than the polls had predicted.

CapitaLand, SP Group and Sembcorp to explore green data centres

CAPITALAND, SP Group and Sembcorp Industries have tied up to jointly study the use of integrated energy solutions to power data centres.

CDL appoints Deloitte to evaluate investment in Sincere Property

PROPERTY giant City Developments Ltd (CDL) on Wednesday said it has appointed Deloitte & Touche Financial Advisory Services as its external financial adviser to assist in further evaluating and reviewing its investment in China-based Sincere Property Group.

Great Eastern Q3 earnings rise 40% to S$287.9m on higher valuation of investments

GREAT Eastern Holdings on Wednesday posted a 40 per cent rise in net profit to S$287.9 million for the third quarter ended Sept 30, from S$205.1 million a year ago.

CDL appoints Deloitte to evaluate investment in China's Sincere Property

PROPERTY giant City Developments Limited (CDL) on Wednesday said it has appointed Deloitte & Touche Financial Advisory Services as its external financial adviser to assist in further evaluating and reviewing its investment in China-based Sincere Property Group.

Broker's take: DBS raises target price on FCT, says retail sales rebound may be sustainable

DBS Group Research has raised its target price on Frasers Centrepoint Trust (FCT) to S$3 from S$2.94 previously.

Stocks to watch: UOB, CapitaLand, Great Eastern, Parkway Life Reit, SIA Engineering

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

Great Eastern Q3 earnings rise 40% to S$287.9m on valuation of investments

GREAT Eastern Holdings on Wednesday posted a 40 per cent rise in net profit to S$287.9 million for the third quarter ended Sept 30, from S$205.1 million a year ago.

FCT H2 DPU drops 26.1% as Covid-19 rental relief hits earnings

FRASERS Centrepoint Trust (FCT)'s distribution per unit (DPU) fell 26.1 per cent to 4.372 Singapore cents for the half year ended Sept 30, from 5.913 cents a year ago.

STI jumps 1.4% on Tuesday afternoon as investors eye US election results

SINGAPORE shares extended gains from earlier in the day in tandem with the rest of Asia on Tuesday afternoon, on expectations of a "blue wave" victory for Democratic candidate Joe Biden at the US presidential elections.

SIA sets up academy to offer external training programmes

NATIONAL carrier Singapore Airlines (SIA) on Tuesday said it has established a new arm that will offer training programmes in the broad areas of "service excellence, operational excellence, organisational innovation and digital transformation" to external businesses and organisations.

FCT H2 DPU falls 26.1% to 4.372 S cents on Covid-19 rental relief for tenants

FRASERS Centrepoint Trust (FCT)'s distribution per unit (DPU) fell 26.1 per cent to 4.372 Singapore cents for its half year ended Sept 30, from 5.913 cents a year ago.

Hot stock: CapitaLand hits eight-year low

SHARES in property behemoth CapitaLand hit an eight-year low on Monday amid broad market gains on the Singapore bourse.

DBS names Rachel Chew as head of group cash product management

DBS on Monday said it has appointed Rachel Chew as group cash product management head with effect from Nov 1 to strengthen its transaction banking team.

Hotel Grand Central to sell New Zealand commercial building for NZ$60m

HOTEL Grand Central is selling PwC Centre, a six-level commercial building in Christchurch, New Zealand for some NZ$60 million (S$54 million).

Mapletree to hire up to 30 fresh grads for work-study traineeship

MAPLETREE Investments has launched a 12-month full-time work-study programme that will see it employ up to 30 trainees from local tertiaries.

TECH FINANCING

Q3 Apac fintech funding hints at nascent recovery

THE Covid-19 pandemic has taken a toll on investments in Asia-Pacific's (Apac) private financial technology (fintech) companies, but recent data suggests that a recovery might be in sight, according to a report by S&P Global Market Intelligence.

Mapletree to hire up to 30 fresh grads for work-study traineeship

MAPLETREE Investments has launched a 12-month full-time work-study programme that will see it employ up to 30 trainees from local tertiaries.

Marriott, Grab to tie up on food delivery, payments, loyalty programmes

MARRIOTT International and Grab are teaming up to integrate their services for consumers in South-east Asia across food delivery, payment and loyalty programmes among other things, both firms announced in a joint statement on Thursday.

HERE IN ASIA

Asia-Pacific fintech funding in Q3 hints at nascent recovery: S&P

THE Covid-19 pandemic has taken a toll on investments in Asia-Pacific's (Apac) private financial technology (fintech) companies, but recent data suggests that a recovery might be in sight, according to a report by S&P Global Market Intelligence.

Singapore shares tumble at Thursday's open tracking global rout; STI down 0.8%

SINGAPORE shares faltered at Thursday's open, following a weak lead from US and European markets overnight as pandemic fears rattle global markets. Investors' confidence was shaken amid rising worries about Covid-19 lockdowns, as France and Germany announced tough new restrictions and US cases...

UOI nine-month profit tumbles 42% to S$15.2m

MAINBOARD-LISTED United Overseas Insurance (UOI), the general insurance arm of UOB, saw its net profit shrink by 42 per cent to S$15.2 million for the nine months ended Sept 30, from S$26.1 million a year ago.

Fortuna Hotel up for sale with S$98.8m guide price

FORTUNA Hotel at 2 Owen Road, just across the road from Mustafa Centre, has been launched for sale by tender with a guide price of S$98.8 million, sole marketing agent CBRE said on Wednesday.