SATS Q4 net profit up 31.4% to S$66.6m

NET profit at SATS rose 31.4 per cent to S$66.6 million, or six Singapore cents per share, in the final quarter of the financial year to March 31, 2017.

Citic Envirotech JV secures 3b yuan river project

ENVIRONMENTAL engineering firm Citic Envirotech has, through a joint venture, secured a three billion yuan (S$610 million) river-restoration project in an eastern Chinese city.

CITIC Envirotech unit secures 3b yuan river restoration project in Ningbo

A PROJECT company controlled by environmental engineering firm CITIC Envirotech has secured a three billion yuan (S$610 million) project to restore the rivers in an eastern Chinese city.

Multiple paths to enact EU-Singapore FTA, future Singapore-UK trade ties

THE next steps that Singapore and the European Union (EU) take in ratifying a proposed free-trade agreement (FTA) between them will affect how soon a similar one between Singapore and the United Kingdom can emerge, experts told The Business Times.

Early gains seen for Singapore in EU court ruling on FTA

SINGAPORE can look to scoring early gains from a top European Union court ruling on a free-trade pact that the city-state has with the regional bloc, observers told The Business Times.

Singapore looks towards provisional application of FTA with EU

SINGAPORE hopes to have a proposed free-trade pact with the European Union (EU) partially enforced as the deal awaits national and sub-national approval from the regional bloc's 28 member states...

Mermaid Maritime's Q1 profit down 41.7% as associate's profit falls

THAILAND-BASED Mermaid Maritime's net profit for the first three months of financial year 2017 shrank by a year-on-year 41.7 per cent, as its associate company's profit tumbled...

Driving the future

IN the western fringes of Singapore, an experiment is being quietly rolled out. You might even call it a revolution. Hidden from view by hoarding, off a quiet road called Jalan Bahar, new roads are being paved.

Kingboard Copper Foil net profits jump 179.4% to HK$4.4m

NET profit at Kingboard Copper Foil jumped by 179.4 per cent to HK$4.4 million (S$0.79 million) for the first three months of 2017, when compared to a year ago.

Cosco (S) Q1 net losses deepen to S$78.9m

NET losses at mainboard-listed shipbuilder Cosco Shipping International (Singapore) deepened by 4.5 times, and it warned that weak conditions in the shipbuilding and offshore markets will continue to prevail.

Singapore maps out goals for its Asean chairmanship

SINGAPORE will pursue tangible results for Asean in the areas of digital economy and facilitating trade when it takes over chairmanship of the regional bloc next year.

UOB doubles business flows into Asean at S$27b

UNITED Overseas Bank (UOB) has carried through stronger business flows into Asean through its network of advisory units, which are aimed at drawing investments into the region.

Hi-P turns around with S$8.4m Q1 profit despite revenue fall

MANUFACTURER of consumer electronics Hi-P International has reversed from a S$12.4 million net loss a year ago to register a net profit of S$8.4 million for the three months ended March 31, 2017.

Mapletree prices S$700m principal amount of 3.95% perpetual securities

A SUBSIDIARY of Mapletree Investments Pte Ltd has launched and priced S$700 million principal amount of 3.95 per cent perpetual securities in what is seen to be the largest Singapore dollar-denominated perpetual issuance this year so far.

CDL Hospitality Trusts buy Manchester hotel for £52.5m

THE trustee-manager of CDL Hospitality Business Trust has acquired a five-star hotel near Manchester's city centre by way of acquiring all of the issued share capital of its owner-operator for £52.9 million (S$94.7 million). The trust is part of Singapore-listed CDL Hospitality Trusts (CDLHT)...

Hi-P back in the black with S$8.4m Q1 profit as revenue falls

MANUFACTURER of consumer electronics Hi-P is back in the black for the first quarter of its financial year 2017, reporting a net profit of S$8.4 million as compared to a loss of S$12.4 million a year ago.

Asean to focus on digital economy, trade facilitation in 2018 with Singapore as chair

DIGITAL economy will be a key priority for Asean next year as Singapore takes over chairmanship of the regional bloc, the city-state's Minister for Trade and Industry (Trade), Lim Hng Kiang, said on Thursday...

PACC Offshore Services hit by additional S$24.5m claim over failed property purchase

OFFSHORE marine services provider PACC Offshore Services Holdings is taking legal advice over an additional S$24.5 million in legal claims in a tussle concerning a property that it failed to acquire. The property is now in the process of being sold to another party.

PACC Offshore Services hit by additional S$24.5m claim over failed property purchase

OFFSHORE marine services provider PACC Offshore Services Holdings (POSH) is taking legal advice over an additional S$24.5 million in legal claims in a tussle concerning a property that it failed to acquire. The property is now in the process of being sold to another party.

mm2 Asia unit acquires 19.68% stake in Hong Kong's Cinema Pro for HK$4m

A UNIT of film and TV content producer mm2 Asia has agreed to acquire a 19.68 per cent stake in a Hong Kong cinema management service provider for HK$4 million (S$720,000).

Excelpoint Technology reports 61.6% rise in Q1 earnings

ELECTRONICS components distributor Excelpoint Technology reported a 61.6 per cent rise in net profit, coming in at US$1.4 million for the first three months of financial year 2017 when compared to a year ago.

nuTonomy, Groupe PSA tie up to trial driverless Peugeot cars in Singapore

DRIVERLESS-CAR technology startup nuTonomy has inked a partnership deal with French carmaker Groupe PSA to include its Peugeot cars in a driverless car trial in Singapore.

Singapore manufacturing PMI posts slower expansion at 51.1

MANUFACTURERS in Singapore said that conditions in the sector were still improving in April, but strength of the expansion was a tad weaker when compared to a month ago.
TOPLINE

First Singapore, then the world

CHINA Jinjiang Environment's chairman Wang Yuanluo is finding out that getting listed on the Singapore stock exchange is opening many doors for the two-decade-old waste-to-energy (WTE) operator. ...
INSIDE VIEW

One hundred days of disquietude

1 What do you think is the most significant event this week?