Sembmarine says recapitalisation critical to fix its liquidity needs

SEMBCORP Marine (SMM) has reiterated to investors that it badly needs the funds from a proposed S$2.1 billion recapitalisation.

Sembcorp, Sembmarine urge investors to vote in favour of demerger

SEMBCORP Industries (SCI) and Sembcorp Marine (SMM) are calling on their shareholders to vote in favour of the proposed S$2.1 billion recapitalisation for the offshore and marine engineering group, and a demerger from each other that will result in Temasek Holdings having a direct stake in the...

Gold soars to record high; some see correction soon

GOLD prices passed the US$2,000 per ounce threshold on Wednesday - a new record for the precious metal. With this, gold has now rallied over 30 per cent this year as the economic stress of Covid-19 continues to weigh on investor sentiment. But some market watchers are warning that a price...

Singapore market retreats slightly in July on pandemic fears

THE value of stocks in Singapore contracted again in July, as the Covid-19 pandemic continued to roil businesses and the broader economy.

Palm oil firms turn to new technologies as labour crunch persists

THE palm oil industry is grappling with an issue that predates the virus pandemic: A labour shortage. To cope, companies are investing in new technologies that will allow them to reduce their manpower requirements.

Sembcorp, Sembmarine investors express concerns about 'demerger'

INVESTORS in Sembcorp Industries (Sembcorp) and Sembcorp Marine (Sembmarine) have expressed concerns about the companies' move to "demerge", especially given the poor macroeconomic conditions at present.

Hibiki, minority unitholders call for Accordia Golf Trust EGM

HIBIKI Path Advisors has joined hands with more than 50 other minority unitholders to request that Accordia Golf Trust Management (AGTM), the trustee manager of Accordia Golf Trust (AGT), convene an extraordinary general meeting (EGM) on Aug 18.

Far East Consortium's acquisition of controlling stake in EHT falls through

HONG Kong-listed property conglomerate Far East Consortium International (FECIL) will not be proceeding with the proposed acquisition of a controlling stake in Eagle Hospitality Trust's (EHT) manager, EHT's manager said in a regulatory filing late Thursday.

Far East Consortium's acquisition of controlling stake in Eagle Hospitality Trust falls through

HONG Kong-listed property conglomerate Far East Consortium International (FECIL) will not be proceeding with the proposed acquisition of a controlling stake in Eagle Hospitality Trust’s (EHT) manager, EHT's manager said in a regulatory filing late on Thursday.

iFast to expand workforce as Q2 net profit soars 84.7%

WEALTH management and brokerage platform iFast Corporation is growing its staff size in anticipation of a digital banking licence.

Sri Trang 'undervalued' after listing of glove subsidiary: UOB

STRONG interest in glove makers has boosted overall trading volumes on Bursa Malaysia to a new record, but investors looking for a glove play that still offers good value could consider Sri Trang Agro-Industry (STA).

First Reit Q2 DPU plunges 79.5% to 0.44 Singapore cent amid Covid-19 challenges

THE distribution per unit (DPU) of First Reit fell by 79.5 per cent to 0.44 Singapore cent for Q2 ended June 30, compared to 2.15 cents a year ago. 

Glove counters end volatile week up on Friday

SHARES of glove makers closed mainly lower this week, with their exuberance tempered by worries over detention orders in the US over at Top Glove, and amid intriguing "trading patterns" for such counters. 

Stamford Tyres warns of net loss for FY2020

MAINBOARD-listed Stamford Tyres said in a regulatory update on Thursday evening that it is expecting to book a net loss for FY2020 ended April following a preliminary review of its draft unaudited financial results. 

NEWS ANALYSIS

Gloves demand masks rubber industry woes

SHARES of rubber-product makers have been on a tear this year, with the Covid-19 pandemic drawing immediate attention to the expected demand for this type of medical equipment.