The Business Times
Therese Soh

Therese Soh

JOURNALIST

emailtherese@sph.com.sg
FILE PHOTO: A view of Keppel signage outside their building in Singapore June 28, 2023. REUTERS/Edgar Su/File Photo

Keppel consortium buys rest of solar platform from Shell Singapore for undisclosed sum

The acquisition of Cleantech Renewable Assets aligns with Keppel’s goal of growing its renewables business

From self-made billionaires to scions of wealthy families, the movers and shakers of South-east Asia’s industries spearhead vast and varied business empires.

From coal to cemeteries: the top 10 billionaires in South-east Asia and the business empires they helm

More than half hail from Indonesia; several have grown their fortunes in 2025

Elite UK Reit's property, St Paul's House (above) on Marshfield Road in Chippenham, England. For the nine-month period, its distributable income stood at £14.8 million pounds, up by 6.2 per cent on the year from £14 million pounds.

Elite UK Reit 9-month DPU rises 9.4% to £0.0233

The improvement is attributed to interest savings through capital management and interest rate optimisation

Exterior view of the Sheng Siong branch at block 512 in Bishan on Nov 25, 2024. Can be used for stories on cost of living, inflation, groceries, daily expenses, budget. 
HOT STOCK

Sheng Siong ends 6.5% higher at record closing price on improved Q3 earnings

The surge comes amid higher third-quarter net profit and its recent expansion moves

The offshore and marine specialist has entered a binding agreement with the buyer, who is an unrelated third party, to divest its 100 per cent equity interest in the unit

Seatrium to sell ship-owning unit to Brazilian vessel operator for US$59.7 million

This is in line with its strategy of divesting non-core assets to enhance capital and operational efficiencies

This comes on the back of Jardine Matheson's recent bid to privatise Mandarin Oriental, announced in October, as well as divestments by its subsidiaries Hongkong Land and DFI Retail Group, announced earlier this year.

Jardine Matheson paying out US$250 million to shareholders via share buybacks

Move follows sale of MCL Land and plan to delist Mandarin Oriental; shares up in early trading

Nio announced on Sunday that it delivered 40,397 vehicles in October 2025, up 92.6 per cent year on year.

Stocks to watch: Jardine Matheson, Nio, CapitaLand Ascendas Reit, Yangzijiang Financial, Wee Hur, Nam Lee, Fu Yu

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Nov 3):

Twelve Cupcakes' sudden shuttering has created “significant uncertainty and distress” for those affected, including rank-and-file workers, executives and managers, says the Food, Drinks and Allied Workers Union.

‘Unacceptable and unfair’: Union raps Twelve Cupcakes for abrupt closure, axing of 80 workers

The Food, Drinks and Allied Workers Union says it was not given advance notice even though the company was unionised

The Singapore Exchange has granted Yangzijiang Financial a conditional eligibility-to-list (ETL) YZJ Maritime Development, the company said on Thursday.

Stocks to watch: Wilmar International, Yangzijiang Financial, Sheng Siong, CapitaLand India Trust

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Oct 31): 

The lower NPI was mainly due a drop in gross revenue and absence of Q3 2025 contribution from CapitaMall Yuhuating (above), but was partially offset by a cost reduction of 1.3 per cent year on year, on a same store basis, said the manager on Thursday (Oct 30).

CapitaLand China Trust’s Q3 net property income down 8.5% at 273.5 million yuan

Revenue for Q3 falls 8% on the year to 416.6 million yuan

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