MOT, CAAS seeking proposals to develop solutions for unmanned aircraft systems

A CALL for proposal to develop systems and technologies to enable innovative, wide-ranging use of unmanned aircraft systems (UAS) was issued on Friday, in a joint statement by the Ministry of Transport (MOT) and the Civil Aviation Authority of Singapore (CAAS).

Singapore shares open up on Friday

SINGAPORE share prices opened higher on Friday with the Straits Times Index up 1.75 points to 3,382.25 as at 9am, as the market reacted positively to the appointment of centrist Jerome Powell at the helm of the Federal Reserve, as well as plans for US tax cuts.

Stocks to watch: UOB, China Aviation Oil, Manulife US Reit, StarHub, Sembcorp Industries

STOCKS to look out for on Friday morning trading include UOB, China Aviation Oil (S) Corp, Manulife US Real Estate Investment Trust, StarHub and Sembcorp Industries.

8Telecom to issue 18.74m shares via placement at S$0.054 each

8TELECOM International announced after trading hours on Thursday that it has entered into two subscription agreements to issue 18.74 million new ordinary shares at S$0.054 each, for a sum of about S$1.01 million.

mm2 Asia's profit more than doubles to S$4.6m for Q2

ENTERTAINMENT company mm2 Asia posted a net profit of S$4.6 million for its second quarter ended Sept 30, 2017, a sharp increase from the S$2.02 million seen a year ago, mostly due to contribution from events production and concert promotion business UnUsUaL Limited, a subsidiary acquired by the...

Uni-Asia Group acquires vessel for US$13.5 million

Uni-Asia Group announced on Wednesday that it has acquired a 29,256 dwt second-hand bulk carrier for approximately US$13.5 million.

Services to replace electronics in growth limelight

STAR performer electronics may have dazzled over the past year, but it could be the services sector's time to shine in the next six months, according to two quarterly surveys on business sentiment...

Surviving the brave new world of retail

The doomsday declaration of the demise of retail in Singapore is perhaps more alarmist than reality as industry watchers say that far from dying, retail is simply transforming.

The fashionista who can

Pek Lay Peng, founder of SocietyA and director of Shingda Group, is a steely woman who cut her teeth in the male-dominated construction industry before taking on the competitive world of retail.

Citic Envirotech secures 4.6b yuan China project

CITIC Envirotech (CEL) bagged its largest project to date in Lanzhou City, China worth 4.6 billion yuan consisting of a public-private partnership project for wastewater treatment and an engineering procurement and construction project for land remediation.

Singapore business expectations up for next six months; services show signs of strengthening

BOTH the services and the manufacturing sectors in Singapore showed signs of further strengthening as more firms expect improved business conditions in the six months ending March 2018, based on figures from the Economic Development Board and the Department of Statistics (Singstat).

Family pumps fresh blood into home-grown eyewear brand O+

THINK of eyewear, and it's usually foreign names that come to mind, such as Gucci, Oakley or Owndays - depending on your budget. But Elmsley, a local eyewear designer and manufacturer with over 20 years of history, is intent on changing this with their very own Singapore eyewear brand O+...

Collaboration is key to growing SMEs: KPMG

PROFESSIONAL services firm KPMG is looking to play a bigger role in the nurturing of local enterprises, starting from the earliest stage in their life cycle as a small startup, instead of the traditional focus on firms that have already grown large enough to be listed on the stock exchange.

Another star showing by electronics likely to upgrade Q3 GDP growth

THE predicted slowdown of Singapore's manufacturing output has not come in as sharply as economists feared for the month of September, as the electronics cluster continued to power ahead with double-digit growth...

Singapore's electronics output continues stellar run in September

THE predicted slowdown in Singapore's September manufacturing output has not come in as sharply as economists feared, as the electronics cluster continued to register double-digit growth...

Ezra Holdings' deadline extension for restructuring plan approved

BELEAGUERED offshore-services provider Ezra Holdings announced after trading hours on Tuesday that the US Bankruptcy Court has approved its application to extend the deadline for its restructuring plan to Nov 13, 2017.

Hengxin Technology to delist from its secondary listing on SGX

HENGXIN Technology, a manufacturer of radio frequency coaxial cables series for mobile communications in China, intends to voluntarily delist from its secondary listing on the Singapore Exchange (SGX).

Aspial Corporation cancels S$6.5m worth of repurchased notes

ASPIAL Corporation announced after trading hours on Tuesday that it intends to cancel S$6.5 million worth of 5.05 per cent notes due 2019 that it has repurchased in the open market.

Cache Logistics Trust's DPU down 12.8% in Q3

WAREHOUSE owner Cache Logistics Trust reported a distribution per unit (DPU) of 1.54 cents for the third quarter ended Sept 30, 2017, down 12.8 per cent from 1.77 cents a year ago.

Singapore eDevelopment issues, transfers shares in US subsidiaries

SINGAPORE eDevelopment Ltd made several announcements after trading hours on Tuesday regarding its subsidiaries. Its wholly-owned indirect subsidiary Global BioMedical Inc (GBMI) will allot and issue 10 ordinary shares at US$0.001 per ordinary share to Tang Peihong, an executive director of GBMI.

Crunching numbers

IF some of your favourite nibbles include seaweed snack Tao Kae Noi or rice biscuit Want Want, you have homegrown small and medium-sized enterprise San SeSan Global to thank (or blame, if your waistline has expanded after all that nibbling).

Inflation kept at bay in Sept

SINGAPORE'S headline inflation for the month of September stood at 0.4 per cent year on year, unchanged from the previous month...

CWG's subsidiary acquires second land parcel in Suzhou City

CWG International's subsidiary, Suzhou Chiway Jiazong Real Estate Co, successfully bid for the land use rights of a parcel located at Fumin Road in Suzhou City, People's Republic of China...

Singapore prices rose at same pace in September

ECONOMISTS say that headline inflation for the month of September is roughly in line with the consensus, even as core inflation edged up slightly higher.

Economists sound note of caution on flip side of the sharing economy

TECHNOLOGY has enabled platforms for people to share resources more effectively - be it cars, bicycles, or even homes - but there are also consequences that come with the rise of the sharing economy, said economists at the Singapore Economic Policy Forum 2017 on Friday morning at the Regent Hotel.