MeGroup's public offer 1.3 times subscribed at the close of IPO

MALAYSIAN car dealership and automotive parts maker MeGroup announced on Tuesday that its 1.5 million shares for public offer received 90 valid applications and were approximately 1.3 times subscribed, at the close of its initial public offering (IPO) at 12 noon on Monday.

ST Engineering's marine arm secures S$431m worth of contracts in Q3

ST Engineering announced on Tuesday that its marine sector secured about S$431 million worth of contracts in the third quarter, including options for its shipbuilding business, as well as the ship and rig repair segments for progressive deliveries at its yards in Singapore and the US.

Lawsuit against Noble Group subsidiary withdrawn

COMMODITIES trader Noble Group announced on Tuesday that a lawsuit filed against its subsidiary PT Pinang Coal Indonesia by PT Alhasanie in the district court of South Jakarta for damages in excess of US$20 million has been withdrawn.

Fragrance Group completes sale of Australian property for A$140m

FRAGRANCE Group announced on Tuesday that its wholly-owned subsidiary Fragrance VIC-MEL (Collins) sold its property located at 555 Collins Street, Melbourne, Australia for A$140 million (S$137.5 million).

CapitaLand Retail China Trust Q3 DPU up 1.7%

CAPITALAND Retail China Trust's (CRCT) distribution per unit (DPU) ticked up 1.7 per cent to 2.41 Singapore cents for the third quarter ended Sept 30 from 2.37 cents previously...

Sheng Siong Q3 net profit dips 9.4% on higher staff, administrative costs

SHENG Siong Group saw its net profit dip 9.4 per cent to S$17.8 million for the third quarter ended Sept 30, mostly due to an increase in administrative expenses and staff costs as more stores were opened.

CEO-led group makes mandatory $1.30-a-share offer for Cityneon

CITYNEON Holdings executive chairman and group CEO Ron Tan, together with Hong Kong entrepreneur and investor Johnson Ko Chun Shun, is looking to delist and take Cityneon private.

Noble Group expects net loss of US$90-115m in Q3

COMMODITIES trader Noble Group announced on Monday that it expects a total net loss in the range of approximately US$90 million to US$115 million in the third quarter.

SPH, Y3 Technologies team up to launch B2B platform OctoRocket.asia

SINGAPORE Press Holdings (SPH) and Y3 Technologies on Monday launched a business-to-business (B2B) e-commerce platform, OctoRocket.asia, to enable suppliers in South-east Asia to sell across borders in the region more effectively.

Figtree Holdings to dispose Australian mixed development project for A$35m

PROPERTY investment firm Figtree Holdings announced on Monday that its wholly-owned Australian subsidiary Figtree La Trobe will be selling a mixed development project, 303 La Trobe, in Melbourne for A$35 million (S$34.3 million) to an undisclosed third party.

Mandatory unconditional cash offer launched for Cityneon Holdings

CITYNEON Holdings executive chairman Ron Tan, together with Hong Kong entrepreneur and investor Johnson Ko Chun Shun, is looking to delist and take Cityneon private.

DISA's smart lock solutions used on Samsung Galaxy tablets

DISA Limited announced on Monday that Samsung's Galaxy Tab A 8.0" model that was launched last year is now fully equipped with Digital Safety (DiSa) Smart Lock protection...

Paul Tham appointed new CEO of Keppel Reit's manager

KEPPEL Reit announced after trading hours on Monday that Paul Tham Wei Hsing has been appointed CEO of Keppel Reit's manager...

Noble Group expects to report Q3 net loss of US$90m-US$115m

COMMODITIES trader Noble Group issued a profit guidance after trading hours on Monday, warning that it expects to report a total net loss in the range of approximately US$90 million to US$115 million in the third quarter.

Figtree unit to dispose of Melbourne mixed development project for A$35m

PROPERTY investment firm Figtree Holdings announced on Monday that its wholly-owned Australian subsidiary Figtree La Trobe will be selling a mixed development project, 303 La Trobe, in Melbourne for A$35 million (S$34.3 million) to an undisclosed third party.
SINGAPORE ECONOMY

Trade war, mature cycles could be a drag in next few quarters

SINGAPORE'S economy has yet to take a hit from the ongoing US-China trade war, but it could soon bear the brunt of it in the latter half of 2018 and beyond, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Friday...

Sino-US trade war impact could be felt by year end; Singapore economy to grow at slower pace: MAS

The US-China trade war has had a limited impact on the Singapore economy so far, but the negative spillovers could become more pronounced in the latter half of 2018 and next year, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Friday.

DBS launches chatbot to take orders via Facebook Messenger

A CHATBOT that allows customers to order meals through Facebook Messenger and pay with DBS payment channels such as PayLah! was launched on Thursday, in a move that marks DBS Bank's foray into the chat commerce space...

DBS unveils chatbot for ordering, paying for meals through Facebook Messenger

A CHATBOT that allows customers to order meals through Facebook Messenger and pay with DBS payment channels such as PayLah! was launched on Thursday, in a move that marks DBS Bank’s foray into the chat commerce space.

Skilled workforce key in shaping future of manufacturing in Singapore

SINGAPORE'S approach towards Industry 4.0 is "not simply about technology", said Senior Minister for Trade and Industry Koh Poh Koon on Wednesday...

Sept NODX trails forecasts; electronics expected to slow

GROWTH of Singapore's non-oil domestic exports (NODX) continued to push ahead in September, buoyed by favourable low base effects and an upswing in the volatile pharma sector...
INDUSTRY 4.0

Collaboration crucial for Industry 4.0 to take off: Tharman

INDUSTRY 4.0 is a challenge as it will lead to fewer manufacturing jobs in the long term, even as it holds "immense opportunities" for countries and businesses around the world, said Deputy Prime Minister and Coordinating Minister for Economic and Social Policies Tharman Shanmugaratnam on...
INDUSTRY 4.0

Helping Singapore transcend its limitations: Chan Chun Sing

INDUSTRY 4.0 can help Singapore to transcend its conventional limitations of size and manpower to vie on the world stage, said Minister for Trade and Industry Chan Chun Sing on Tuesday morning.

Industry 4.0 not just about tech, but about people and partnerships: Koh Poh Koon

SINGAPORE’S approach towards Industry 4.0 is “not simply about technology”, said Senior Minister for Trade and Industry Koh Poh Koon on Wednesday.

Singapore's September non-oil exports come in below expectations, but up from August

SINGAPORE’S non-oil domestic exports (NODX) grew by a solid 8.3 per cent in September, coming in under economist expectations even as it picked up pace from the 5 per cent expansion in August, according to Enterprise Singapore data released on Wednesday.