BT EXCLUSIVE

Judge cites 'clear case of balance sheet insolvency' for placing KS Energy, key unit under IJM

IN granting OCBC's application to place embattled KS Energy and its key unit under interim judicial management (IJM), High Court Justice Aedit Abdullah said there is a "very clear case of balance sheet insolvency" at the oil services group and that a JM order would seem highly likely, "short of...

Singapore shares inch up at Friday's open; STI up 0.1%

SINGAPORE shares struggled to advance in the first few minutes of trade on Friday, after ending lower the previous day and with Wall Street posting losses overnight amid doubts on further stimulus by the US Federal Reserve.

Mermaid Maritime unit to invest 77.5m baht for stake in AI, robotics JV

THAILAND-BASED oil service specialist Mermaid Maritime Public Co's wholly-owned subsidiary will invest 77.5 million baht (S$3.4 million) for a 50 per cent stake in a new joint venture (JV).

HOT STOCK

Wilmar shares rise on China unit's IPO nod

SHARES in Wilmar International rallied 1.16 per cent on Thursday, even as the local benchmark declined, after the mainboard-listed agribusiness said its Chinese unit has received the final approval from the China Securities Regulatory Commission for an initial public offering (IPO).

SIA, Singtel among top 100 companies in Refinitiv's 2020 diversity index

SINGAPORE Airlines (SIA) and Singapore Telecommunications (Singtel) have been recognised among the top 100 most diverse and inclusive organisations globally, according to Refinitiv's 2020 Diversity & Inclusion (D&I) Index.

SIA, Singtel among top 100 companies in Refinitiv's 2020 diversity index

SINGAPORE Airlines (SIA) and Singapore Telecommunications (Singtel) have been recognised among the top 100 most diverse and inclusive organisations globally, according to Refinitiv's 2020 Diversity & Inclusion (D&I) Index.

Hot stock: Wilmar shares surge after China unit gets IPO nod

SHARES in Wilmar International rallied on Thursday morning, after the mainboard-listed agribusines on Wednesday said its Chinese unit, Yihai Kerry Arawana (YKA), has received final registration approval from the China Securities Regulatory Commission for its inital public offering (IPO).

Stocks to watch: Wilmar, Singtel, SGX, Mapletree Commercial Trust, Dyna-Mac, Keppel

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

DBS maintains 'buy' on ComfortDelGro amid extended support for industry

DBS Group Research has maintained its "buy" recommendation on transport operator ComfortDelGro with a target price of S$1.96, amid recent announcements in the sector including extended support for cabbies and private hire drivers.

Law firm Oon & Bazul names two recent hires as partners

LAW firm Oon & Bazul has announced two recent hires - namely Ng Yi Wayn as partner of the firm's corporate practice, as well as Keith Han as partner of its restructuring and insolvency practice.

Broker's take: DBS maintains 'buy' on ComfortDelGro amid extended support for industry

DBS Group Research has maintained its "buy" recommendation on transport operator ComfortDelGro with a target price of S$1.96, amid recent announcements in the sector, including extended support for cabbies and private hire drivers.

Singapore shares edge up at Wednesday's open; STI up 0.3%

SINGAPORE stocks began trading on Wednesday morning in slightly positive territory, with the Straits Times Index (STI) gaining 7.65 points or 0.3 per cent to 2,493.48 as at 9.02am.

Stocks to watch: UOB, DBS, OCBC, Singapore Airlines, ESR-Reit, Sabana Reit, Q&M Dental

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

SingPost simplifies pricing for packages; analysts mixed on impact

SINGAPORE Post (SingPost) on Tuesday said the pricing for its local letterbox packages and doorstep parcel deliveries will be simplified to a flat fee, while the rate for international deliveries will be simplified and cheaper for most customers.

Two land parcels for food farming up for sale by tender: SFA

THE Singapore Food Agency (SFA) on Tuesday announced it has launched two land parcels for food farming at Lim Chu Kang and Sungei Tengah for sale by public tender.

Two land parcels for food farming up for sale by tender: SFA

THE Singapore Food Agency (SFA) on Tuesday announced it has launched two land parcels for food farming at Lim Chu Kang and Sungei Tengah for sale by public tender.

ComfortDelGro launches app for learners at driving centre

COMFORTDELGRO has launched a new phone app called "myCDC" which allows users to book lessons at its driving centre among other services, the transport operator said in press statement on Tuesday.

SingPost to introduce new price structure for package, parcel deliveries from Oct 15

SINGAPORE Post (SingPost) on Tuesday said the pricing for its local letterbox packages and doorstep parcel deliveries will be simplified to a flat rate, while the rate for international deliveries will be simplified and cheaper for most customers, effective Oct 15.

HOT STOCK

Sembmarine slips 0.6% in second consecutive day of heavy trading

SHARES in Sembcorp Marine (SMM) were actively traded on Monday as the offshore and marine (O&M) engineering group completed its S$2.1 billion recapitalisation exercise.

Mapletree Industrial Trust to buy US data centre for as much as US$262.1m

MAPLETREE Industrial Trust (MIT) is proposing to acquire a data centre and office in the US state of Virginia for between US$200.6 million and US$262.1 million.

Tritech makes foray into sanitiser, disinfectant industry

WATER and environment firm Tritech Group on Monday said it has expanded to the sanitiser and disinfectant industry with a newly developed product.

Hot stock: Sembmarine down 2.5% on heavy selloff

SHARES in Sembcorp Marine (SMM) were actively traded on Monday morning as the marine and offshore engineering group saw a selloff in its shares following its recapitalisation exercise.

STB, Klook ink S$2m partnership to promote domestic tourism, local businesses

THE Singapore Tourism Board (STB) and Klook have tied up to launch a S$2 million marketing partnership to drive the "rediscovery of Singapore's tourism and lifestyle offerings", both organisations said in a joint statement on Monday.

Moya unit to operate, maintain water supply system in Batam for six months

INDONESIAN water treatment company Moya Holdings Asia on Sunday said its subsidiary, PT Moya Indonesia, has been awarded a project put up for tender by Badan Pengusahaan Batam (BP Batam), or the Batam Free Trade Zone and Free Port Authority.

Mapletree Industrial Trust to buy US data centre for up to US$262.1m

MAPLETREE Industrial Trust (MIT) is proposing to acquire a data centre and office in the US state of Virginia for between US$200.6 million and US$262.1 million, subject to the calibration of terms.