Price points

MARTIN Fraenkel comes across as most unassuming for a head honcho of a price reporting agency with a commanding voice in the lucrative yet complex energy and commodity markets.
BT EXCLUSIVE

SMEs seek flexibility in foreign labour policy for O&M sector

THE large number of ships transiting through Singapore creates demand for ship repair, conversion and upgrading services here, offering industry players some buffer against cyclical shipbuilding activity. Yet, some small and medium enterprises (SMEs) are finding it hard to tap these opportunities...
BT EXCLUSIVE

SembMarine may turn in operating profits in 2019 as work ramps up

NOW that a large chunk of projects on Sembcorp Marine's multi-billion-dollar order book is under construction, its management is optimistic that the large-cap offshore and marine group may turn profitable at the operating level next year. ...

SembMarine's pursuit of green projects faces hurdle

AS the world transitions to a lower carbon future, so must the industries powering the economy.

Singapore market cap for November up 3%, but jitters remain

THE value of members of the Singapore bourse edged up three per cent in November, shrugging off nerves over the US-China trade-war tension, even as the world holds its breath for Saturday's crucial G-20 meeting between US President Donald Trump and China's Xi Jinping...

UE lines S$333m term loan for Dairy Farm Rd land buy

UNITED Engineers (UE) has entered into an agreement for secured term loan facilities amounting to S$333 million to part-finance the acquisition of a land parcel at Dairy Farm Road.

STE marine unit poised to land contract valued up to S$400m

THE marine arm of defence and engineering group, Singapore Technologies Engineering (STE), is poised to clinch a contract valued at under S$400 million with Singapore's Police Coast Guard (PCG)...

Furnace shut-in to hit steelmaker Delong's revenue

CHINESE steelmaker Delong Holdings warned its revenue may fall by about 316 million yuan (S$62.4 million) this year and 887 million yuan next year on reduced output from the shut-in of one blast furnace in China's Xingtai City...

Kimly directors under CAD, MAS probe; calls off acquisition of drinks maker

COFFEESHOP operator Kimly last night confirmed speculation that it is being investigated by the authorities for its purchase of Asian Story Corporation (ASC), a maker and seller of drinks in Asian flavours such as chrysanthemum, wintermelon, water chestnut and lychee.

No Signboard in the red with S$2.3m full-year net loss

A MASSIVE impairment charge dragged F&B Group No Signboard into the red for the fiscal year 2018.

Hibiki Path Advisors pumps S$22.8m more into Accordia Golf Trust

JAPANESE equities-focused boutique asset management firm Hibiki Path Advisors has injected another S$22.79 million into Accordia Golf Trust, raising its stake to 6.2 per cent, up from 1.38 per cent previously.

Delong's FY18 revenue to take 316m yuan hit

CHINESE steelmaker Delong Holdings warned its revenue may fall by about 316 million yuan (S$62.4 million) this year and 887 million yuan next year on reduced output from the shut-in of one blast furnace in China's Xingtai City...

Marco Polo posts full-year net profit of S$169m

MARCO Polo Marine turned black for the financial year ended Sept 30 on dramatically higher operating income due to derecognised debts and a foreign exchange gain.

ST Engineering's marine unit may land contract valued over S$200m

THE marine arm of Singapore Technologies Engineering (ST Engg) is expected to land a contract in excess of S$200 million, possibly its most significant win this year for its yard in Singapore.

Ascendas Hospitality Trust to buy Ibis Ambassador Seoul for 77.5 billion won

ASCENDAS Hospitality Trust is set to acquire another hotel property in South Korea for 77.5 billion won (S$94.5 million).

Complaints against banks and insurers climb: FIDReC

THE number of complaints filed with Singapore-based Financial Industry Disputes Resolutions Centre (FIDReC) rose to 1,266 for the financial year ended June 30, 2018, up from 953 the year before.

EY's audits on Noble unit under review

THE audits conducted by accountants from the Singapore arm of EY on a subsidiary of commodity trader Noble Group for five financial years from 2012 to 2016 have come under review in a criminal probe.

EY's audits on Noble's coal unit under scrutiny: authorities

THE audits conducted by accountants from the Singapore arm of EY on a subsidiary of commodity trader Noble Group for five financial years from 2012 to 2016 have come under review in a criminal probe. 

TTJ Holdings unit acquires industrial building and machinery for wood pellet business

TTJ Holdings’ subsidiary, TTJ Greenfuel, on Wednesday entered into an agreement to acquire an industrial property in Singapore and machinery for S$16.18 million.

Ascendas Hospitality Trust to acquire Ibis Ambassador Seoul for 77.5b won

ASCENDAS Hospitality Trust is set to acquire a hotel property in South Korea for 77.5 billion won (S$94.5 million). 

China Everbright Water secures 230m yuan waste water treatment project

CHINA Everbright Water has secured a project commanding an investment of about 230 million yuan (S$45.59 million) in China’s Jiangsu province.     

IHH Healthcare sinks into the red for Q3 on unit's forex losses

FOREIGN exchange losses on borrowings of a business unit dragged Malaysia-incorporated IHH Healthcare into the red during the third quarter.

JMO to pump millions in Pine Capital for major equity stake

PINE Capital Group is seeking to raise gross proceeds in excess of S$2.15 million from placement of shares representing 13.67 per cent of its existing issued equity or 12.03 per cent of its enlarged shareholding to private-owned management consultancy firm, JMO Pte Ltd.

Sincap acquires more equity in Orion Energy for S$12m

SINCAP Group is set to acquire another 48.97 per cent interest in Orion Energy Resources Pte Ltd for S$12 million, lifting its equity stake in the latter up to 99.97 per cent.

Keong Hong posts 87% fall in Q4 net profit in absence of one-time gain

FOURTH-QUARTER net profit of Keong Hong Holdings fell in absence of an exceptional gain and lower revenue.