MoneyMax Q3 profit more than triples to S$3m

MONEYMAX Financial Services reported profit for the third quarter more than tripled to S$3.0 million, from S$990,000 a year ago, on stronger performance from certain business segments.

Julius Baer names new South-east Asia private banking head

JULIUS Baer has appointed former Goldman Sachs Singapore CEO Jason Moo as its new Singapore-based head of private banking for South-east Asia to lead and expand the bank’s franchise in the region.

Singapore stocks: STI resumes Friday afternoon down 0.88% on day

SINGAPORE stocks resumed trading on Friday afternoon in negative territory, with the Straits Times Index down 0.88 per cent or 28.79 points to 3,256.93 on the day as at 1.06pm.

WEnergy Global, partners pump US$20m into four Philippines energy projects

SINGAPORE-BASED WEnergy Global and its venture partners are investing US$20 million in equity in four new energy projects in the Philippines.

MoneyMax Q3 profit more than triples to S$3m

MONEYMAX Financial Services reported profit for the third quarter more than tripled to S$3.0 million, from S$990,000 a year ago, on stronger performance from certain business segments.

Two ground-floor shop units at Alexis in Alexandra up for sale by tender

TWO freehold ground-floor units with F&B potential located at mixed-use development Alexis in Alexandra Road are up for sale at an indicative price of S$10 million, said marketing agent CBRE on Thursday.

Citic Envirotech shares surge on news of privatisation bid

SHARES of Citic Envirotech surged as high as 45.9 per cent after resuming trade on Thursday on news that its majority owner is planning to take it private.

Two ground-floor shop units at Alexis in Alexandra Road for sale at S$10m

TWO freehold ground-floor units with F&B potential located at mixed-use development Alexis in Alexandra Road are up for sale at an indicative price of S$10 million, said marketing agent CBRE on Thursday.

Johnson & Johnson partners Lazada to support emerging South-east Asia brands

CONSUMER group Johnson & Johnson Consumer Health (J&J) and Lazada Group have partnered to incubate emerging brands in South-east Asia and China.

Hot stock: Citic Envirotech shares up 44.6% on privatisation bid

SHARES of Citic Envirotech surged on Thursday morning shortly after the market opened, climbing as high as 44.6 per cent on news that its majority owner is planning...

Singapore chatbot developer Pand.ai bags US$1m seed funding

SINGAPORE-BASED chatbot developer Pand.ai has bagged US$1 million in seed funding from an unnamed angel investor and has plans to strengthen its executive bench-strength with the new capital.

SingHaiyi sinks into the red with Q2 net loss of S$4.6m

PROPERTY developer SingHaiyi Group has swung to a net loss of S$4.6 million for its second quarter ended Sept 30, from a profit of S$7.7 million a year earlier.

SingHaiyi sinks into the red with S$4.6m Q2 loss

PROPERTY developer SingHaiyi Group has swung to a net loss of S$4.6 million for its second quarter ended Sept 30, from a net profit of S$7.7 million a year ago.

Hot stock: StarHub shares jump 9.8% on Q3 results, 5G bid plans

SHARES of StarHub rose as high as 9.8 per cent to S$1.45 on a cum-dividend basis during morning trade on Wednesday. This is compared with the previous day's closing price of S$1.32.

EHT clarifies values of 3 hotels acquired from sponsor

EAGLE Hospitality Trust (EHT) on Wednesday said the original purchase prices for three assets which are part of the ASAP6 portfolio have not been disclosed and are not known to the Reit (real estate investment trust) manager.

Singapore e-wallet operator YouTrip expands to Thailand in Kasikornbank tie-up

SINGAPORE-BASED YouTrip has expanded to Thailand through a partnership with Thai bank Kasikornbank. This is the first overseas market for the mobile wallet operator outside of Singapore, it said in a Tuesday announcement.

MAS, Bank Indonesia extend US$10b bilateral financial arrangement for another year

THE Monetary Authority of Singapore and Bank Indonesia on Tuesday announced the extension of a US$10 billion bilateral financial arrangement for another year.

Hot stock: EHT down 10.9% days after disclosing sponsor’s links to biggest investor

STAPLED securities of Eagle Hospitality Trust (EHT) fell as much as 10.9 per cent in early morning trade on Tuesday.

Spackman eyes overseas ventures in proposed tie-up with South Korea's Sunwoo Produce

SPACKMAN Entertainment Group is tying up with its South Korean strategic partner Sunwoo Produce to collaborate on entertainment-related business and investment.

OCBC Q3 profit dips 6% to S$1.17b on one-time charge

OCBC Bank’s net profit slipped 6 per cent to S$1.17 billion for its third quarter ended Sept 30, from S$1.25 billion a year ago after booking a one-off charge at its Indonesian banking unit.

To build or buy? Investors eye hospitality assets as tourism, scarce supply prop up sector

WITH rising tourist arrivals and limited stock, investor appetite for Singapore hospitality assets is heating up, with hospitality deals in the first nine months of the year totalling S$4.2 billion, according to data from Colliers International.

2 Leng Kee showrooms up for sale at guide prices of S$15m, S$23m

TWO industrial properties situated along the Leng Kee Road car showroom belt are up for sale via expression of interest, said marketing agent Knight Frank on Tuesday.

Singapore stocks: STI resumes Monday afternoon at 3,235.15, up 0.18% on day

SINGAPORE stocks edged up as trading resumed on Monday afternoon, with the Straits Times Index advancing 0.18 per cent or 5.72 points to 3,235.15 as at 1.02pm.  

Koon Holdings names new chief operating officer

MAINBOARD-LISTED Koon Holdings has appointed Loo Woei Harng, with effect from Oct 31, as its chief operating officer to oversee both the construction and precast operations.

ISDN in Cambodian power plant JV, disposes stake in associate

MAINBOARD-LISTED ISDN Holdings on Monday said it has taken a 33 per cent stake in a joint venture (JV) which will build an 80 megawatt hydroelectric power plant in Cambodia.