Singapore's inflation steady in August at 0.7%, in line with expectations
SINGAPORE’S headline inflation held steady in August with prices up 0.7 per cent year on year, mostly due to a more gradual decline in accommodation costs.
Don't get used to being used at work
THE adage "use things, not people" has been repeated countless times, but funnily enough, it often falls on deaf ears, especially in the office. ...
MAS senior official joins Accounting Standards Council
A SENIOR official from the Monetary Authority of Singapore (MAS) has been appointed a member of the Accounting Standards Council (ASC) by the Minister for Finance.
Stocks to watch: Mapletree Logistics Trust, Soilbuild Reit, Olam, OUE Lippo Healthcare
THE following companies saw new developments which may affect trading of their shares on Friday:
Court orders winding-up of Stratech, appoints liquidators from BDO
MAINBOARD-LISTED The Stratech Group announced on Thursday that a Singapore Court has ordered a winding-up of the company and appointed liquidators from BDO to carry out the process.
Keppel unit buys 40% stake in project on prime Nanjing site
KEPPEL Corp's China real estate unit is buying a 40 per cent stake in the development of a prime residential site in Nanjing, China for about 1.41 billion yuan (S$283 million)...
World's first unified payment QR code credit positive for Singapore banks: Moody's
CREDIT ratings agency Moody’s said on Thursday that the launch of the world’s first unified payment QR code, or the Singapore Quick Response Code (SGQR), will accelerate mobile payments in the country.
Two thirds of Singapore's fastest-growing firms around at least 10 years: DP Info
TWO out of three of Singapore’s top 50 fastest-growing companies in 2018 come from experienced companies aged 10 years and above – up significantly from 44 per cent in 2017 and 52 per cent in 2016, according to the newly released rankings from DP Information Group.
EMA, Enterprise Singapore launch grant call for local enterprises to develop solar energy solutions
THE Energy Market Authority (EMA) and Enterprise Singapore have jointly launched a grant call for local enterprises to develop solutions in deploying solar energy and optimising energy consumption.
Court orders winding up of Stratech, appoints liquidators from BDO
MAINBOARD-LISTED The Stratech Group announced on Thursday that a Singapore Court has granted applications to wind up the company, and has appointed liquidators from BDO to carry out the process.
Lum Chang offers S$26.5m of notes for early exchange; offer lapses on Sept 21
CONSTRUCTION and property developer Lum Chang announced on Thursday that S$26.5 million of its outstanding S$50 million 5.5 per cent notes due 2019 had been offered for exchange for a “like principal amount” of Singapore dollar-denominated notes due 2021 that carry a higher coupon of 5.8 per cent...
Keppel Land unit takes 40% stake in Nanjing residential project for 1.4b yuan
KEPPEL Corp's China real estate unit is buying a 40 per cent stake in the development of a prime residential site in Nanjing, China, for about 1.41 billion Chinese yuan (S$283 million)...
Yuen Sing Mansion up for en bloc sale
YUEN Sing Mansion, a freehold development in Geylang, has been launched for collective sale by tender by marketing agent JLL.
More scope for Asia's PE firms to expand: report
THREE-quarters of senior private equity executives in Asia-Pacific (APAC) said that geographic expansion had significantly become more important to their firm over the last three years, according to the 2019 Private Equity Outlook Report by global law firm Dechert, together with Mergermarket.
4Fingers acquires 50% stake in Aussie brand Mad Mex
SINGAPORE fried chicken chain 4Fingers announced that it has acquired a 50 per cent stake in Mad Mex Fresh Mexican Grill (Mad Mex), an Australian brand of Mexican eateries, for an undisclosed sum.
Singapore fried chicken chain 4Fingers buys 50% stake in Australia-based eatery Mad Mex
SINGAPORE fried chicken chain 4Fingers announced it has acquired a 50 per cent stake in Mad Mex Fresh Mexican Grill (Mad Mex), an Australian brand of Mexican eateries, for an undisclosed sum.
Asia-Pacific private equity firms more keen on geographic expansion, vertical integration deals: poll
THREE quarters of senior private equity executives in Asia-Pacific (APAC) said that geographic expansion had significantly become more important to their firm over the last three years, according to the 2019 Private Equity Outlook Report by global law firm Dechert, together with Mergermarket.
Freehold Yuen Sing Mansion in Geylang up for collective sale
YUEN Sing Mansion, a freehold collective sale site at Nos 6A – 10c Geyland Lorong 13, has been launched for sale by tender by marketing agent JLL.
SingPost unit's share of associated company to fall to 19.75% on new share issue
SINGAPORE Post’s subsidiary Quantium Solutions International (QSI) will see its equity shareholding of SingPost’s associated company Shenzhen 4PX Information and Technology Co (4PX) fall to 19.75 per cent from 30.52 per cent after additional new shares are issued.
Silkroad Nickel inks heads of agreement for joint venture to build smelter facilities in Sulawesi
CATALIST-LISTED Indonesian nickel mining group Silkroad Nickel announced that its subsidiary PT Teknik Alum Service (PT TAS), and PT Artabumi Sentra Industri (PT ASI) have entered into a non-binding heads of agreement with PT Anugrah Tambang Smelter for its entire equity interest.
Indonesia anti-graft agency summons BlackGold unit's senior exec for another interview
BLACKGOLD subsidiary PT Samantaka Batubara’s president director Rudy Herlambang was called for a further round of interview by Indonesia’s Komisi Pemberantasan Korupsi (KPK) or Corruption Eradication Commission, the coal mining company said late on Tuesday in its response to a query by the...
Sembcorp inks 20-year deal to provide solar energy for Facebook Singapore
SEMBCORP Industries on Tuesday announced a 20-year solar energy deal with Facebook to provide lo-cally sourced renewable power to support Facebook's recently announced 170,000 square metre Singapore data centre, as well as its other Singapore operations, for an undisclosed sum...
Broker’s take: OCBC upgrades SATS to ‘buy’ on price correction, positive industry trends
OCBC has upgraded SATS to "buy" after the stock's recent share price correction, citing optimism about the airline services group's ability to ride the industry's buoyant outlook...
Singapore, France call for proposals on joint innovation projects
ENTERPRISE Singapore and its French counterpart, Bpifrance, are calling for proposals on joint innovation projects in technological and application areas such as advanced manufacturing, clean technology and medical technology.
Plastoform to close Shenzhen production plant; plans to liquidate unit
MANUFACTURING service provider Plastoform Holdings announced late on Monday that the group will be shuttering its production facility in Shenzhen as parts of efforts “to restructure its business and improve its operational efficiency and cost-effectiveness”.