HSA rejects claim it had approved Tritech's cleaning product

THE Health Sciences Authority (HSA) on Friday told The Business Times that it had, in fact, not approved the manufacture and sales of Tritech Group's newly developed cleaning product.

Firms not surprised by S$10b cut in forecast for construction demand

CONSTRUCTION firms say they are not surprised that the Building and Construction Authority (BCA) has lowered its forecast for this year's projected construction demand by S$10 billion, given the slow recovery in the sector since resuming operations.

BCA cuts 2020 forecast for projected construction demand by S$10b

THE Building and Construction Authority (BCA) on Thursday said it has reduced its forecast for this year's projected construction demand by S$10 billion from its earlier January forecast.

BOARD DIVERSITY

Singtel, SGX, MCT lead new index on board diversity

SINGTEL, the Singapore Exchange (SGX) and Mapletree Commercial Trust have emerged in the overall top three places in a newly launched Singapore Board Diversity Index.

Azure-Lyte Fund finances tech startup aiming to transform the freelance ecosystem

AN issue that freelancers may often face would be the uncertainty of when they will receive their next pay cheque.

Accordia Golf Trust unitholders vote in favour of proposed divestment and winding up

UNITHOLDERS of Accordia Golf Trust (AGT) on Monday voted overwhelmingly in favour for the proposed divestment of AGT's interests in all its golf courses to its sponsor, Accordia Golf.

ESR and Sabana respond to questions from Sias over proposed merger

THE Securities Investors Association (Singapore), or Sias, said in a statement on Thursday that it had conducted a dialogue with the managers of Sabana Shari'ah Compliant Real Estate Investment Trust (Sabana Reit) and ESR-Reit, to address questions from Sias over their proposed merger.

Singtel to pace out investment for 5G technology, unveils 5G-powered pop-up store

SINGTEL is pacing its investment for 5G deployment, and is on track to roll out its 5G network coverage to half the island in two years' time and nationwide by 2025, said Yuen Kuan Moon, Singtel's chief executive for its Singapore consumer operations, on Wednesday.

Sembmarine carve-out should make Sembcorp attractive versus peers

SHARES of Sembcorp Industries (SCI) begin trading excluding their entitlements on Wednesday. As Sembcorp Marine (SMM) shares had closed at S$0.193 on Tuesday, SCI's stock could reasonably be expected to fall from their close at S$1.91 the same day.

Brokers' take: DBS, UOBKH deem CapitaLand Reits' merger attractive

THE proposed union of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) offers an opportunity for their unitholders to ride on the benefit of a bigger vehicle post-merger, said DBS Group Research.

TECH STOCKS

5G deployment, cloud computing to drive Asian technology sector: Credit Suisse

THE Asian technology sector should stay resilient amid the Covid-19 pandemic and see a more robust recovery next year, led by accelerating 5G deployments, increased adoption of cloud computing and a broader economic recovery, said Credit Suisse analysts.

Frasers Centrepoint Trust's proposed acquisition of AsiaRetail Fund comes as suburban malls show resilience

FRASERS Centrepoint Trust's (FCT) proposed acquisition of the rest of AsiaRetail Fund (ARF) will boost the real estate investment trust (Reit)'s suburban portfolio even as suburban malls are expected to recover more strongly from the negative impact of Covid-19 than their centrally located peers...

Broker's take: CGS-CIMB positive on FCT's AsiaRetail Fund, Bedok Point deals

TO account for Frasers Centrepoint Trust's (FCT) proposed AsiaRetail Fund stake purchase (ARF) as well as its potential sale of Bedok Point, CGS-CIMB has upped its target price on the counter to S$2.83, from S$2.78 previously.

Genting Singapore in stronger position than Genting HK: analysts

CRUISE ship operator Genting Hong Kong (GENHK) is struggling to repay its creditors, but analysts say the same is unlikely to be the case for Genting Singapore given the latter's financial strength.

CDP rolls out two new e-services for investors

ACCOUNT holders can benefit from two new online services that the Central Depository (CDP) rolled out from Tuesday, as part of its digitalisation efforts.

CDP offers investors two new e-services from Sept 1

FROM Tuesday, account holders can benefit from two new online services that the Central Depository (CDP) has rolled out, as part of its digitalisation efforts.

New Kajima hub to serve as Apac HQ, drive R&D for construction

KAJIMA Corporation's first overseas innovation centre at Changi Business Park will serve as its Asia-Pacific (Apac) headquarters, as well as contribute new building technologies and research and development (R&D) capabilities to the construction industry.

IHH Healthcare records Q2 net loss of RM120.6m

IHH Healthcare, in results announced Thursday, sank further into the red for its second quarter ended June 30, as it posted a net loss of RM120.6 million (S$39.5 million), compared to the RM185 million profit a year ago.

Kajima invests S$100m in first overseas innovation centre in Singapore

KAJIMA Corporation's first overseas innovation centre at Changi Business Park will serve as its Asia-Pacific headquarters, as well as contribute new building technologies as well as research and development (R&D) capabilities to the construction sector.

Maybank appoints KPMG as receiver for Xihe vessel

MALAYAN Banking (Maybank) has moved to protect its interests as the businesses of Lim Oon Kuin and his family come under pressure.

VIRUS OUTBREAK

Sats to cut more staff after S$43.7m Q1 loss

SATS will continue to reduce its headcount after swinging into loss in its fiscal first quarter, it said in a conference call on Monday.

STOCKS

STI finishes the week with slight recovery of 0.02%

AFTER a four-day decline, the benchmark Straits Times Index finally ended up 0.62 or 0.02 per cent to close at 2,528.54 on Friday.

STI finishes the week with slight recovery of 0.02%

AFTER a four-day decline, the benchmark Straits Times Index finally ended up 0.62 point or 0.02 per cent to close at 2,528.54 on Friday.

China Aviation Oil refutes claims made by Swiss bank BCP, seeks legal advice

CHINA Aviation Oil (Singapore) (CAO) on Thursday called the allegations made against the company by Banque de Commerce et de Placements SA, DIFC Branch (BCP) "entirely unmeritorious and misconceived", and said that it has sought legal advice from a local law firm.

China Aviation Oil refutes claims made by Swiss bank BCP

CHINA Aviation Oil (Singapore) (CAO) on Thursday called the allegations made against the company by Banque de Commerce et de Placements SA, DIFC Branch (BCP) “entirely unmeritorious and misconceived”, and said that it has sought legal advice from a local law firm.