CAO profit up 26% for Q3 on lower expenses

CHINA Aviation Oil (Singapore) (CAO) posted a 26.0 per cent rise in net profit to US$23.9 million for its third quarter ended Sept 30, from US$18.9 million a year ago.

Singapore shares decline at Friday's open; STI down 0.46% to 3,215.13

SINGAPORE stocks opened lower on Friday, with the Straits Times Index declining 0.46 per cent or 14.75 points to 3,215.13 as at 9.08am, tracking weaker openings in other Asian markets amid US-China trade worries. 

Olam completes 120b naira acquisition of Nigeria flour and pasta maker

AGRI and food giant Olam International has completed its acquisition of Nigerian flour and pasta manufacturer Dangote Flour Mills for 120 billion naira (S$450.4 million).

IndoAgri sinks into the red with 125.68b rupiah loss for Q3

INDOFOOD Agri Resources (IndoAgri) has sunk into the red with a net loss of 125.68 billion rupiah (S$12.2 million) for the third quarter ended Sept 30, continuing to be adversely affected by weak commodity prices.

STARTUPS

Sygnum gets MAS go-ahead for asset-management ops

SINGAPORE-FOCUSED tokenisation startup Sygnum has obtained a capital markets services licence from the Monetary Authority of Singapore (MAS).

Pollux Properties, PACC Offshore call for trading halts

POLLUX Properties and PACC Offshore Services Holdings (POSH) have separately called for trading halts on Thursday, pending the release of announcements.

Singapore stocks: STI resumes Thursday afternoon at 3,231.41, up 0.73% on day

SINGAPORE stocks opened higher as trading resumed on Thursday afternoon, with the Straits Times Index increasing 0.73 per cent or 23.49 points to 3,231.41 as at 1.03pm, amid a mixed performance in Asian markets following the Federal Reserve cutting interest rates again.

Singtel-backed fintech Sygnum gets capital markets services licence

SINGAPORE-FOCUSED tokenisation startup Sygnum has obtained a capital markets services licence from the Monetary Authority of Singapore.

IndoAgri sinks into the red with 125.68b rupiah loss for Q3

INDOFOOD Agri Resources (IndoAgri) has sunk into the red with a net loss of 125.68 billion rupiah (S$12.2 million) for third quarter ended Sept 30, continuing to be adversely affected by weak commodity prices.

Frasers Hospitality Trust posts 4.1% drop in Q4 DPS

FRASERS Hospitality Trust's distribution per stapled security (DPS) fell 4.1 per cent to 1.1655 Singapore cents for the fourth quarter ended Sept 30 from 1.2154 Singapore cents for the year-ago quarter.

Schneider Electric commits S$16m to build Singapore firms with global potential

SCHNEIDER Electric on Wednesday said it is committing at least S$16 million over the next four years to incubate and develop up to four Singapore-based companies with global growth potential.

Powermatic Data shares up 2.6% before trading halt

POWERMATIC Data Systems on Wednesday called for a trading halt pending an announcement. Prior to the halt, Powermatic Data shares were trading 2.6 per cent or five Singapore cents higher at S$1.99.

Norway competition authorities reject Keppel associate's bid to form offshore housing giant

NORWAY competition authorities have rejected the application for Keppel Corp's associate company Floatel International to merge with Oslo-listed Prosafe...

Frasers Hospitality Trust posts 4.1% drop in Q4 DPS to 1.1655 S cents

INTERNATIONAL hotel investor Frasers Hospitality Trust’s distribution per stapled security (DPS) fell 4.1 per cent to 1.1655 Singapore cents for the fourth quarter ended Sept 30 from 1.2154 cents for the year-ago quarter.

SATS, Sembcorp join hands for green push

SATS is partnering Sembcorp Industries to develop solutions for the ground handler and caterer to reduce its environmental footprint across several facilities.

KrisEnergy to sell 30% stake in Andaman II production sharing contract

KRISENERGY said on Tuesday that it has accepted a binding letter of offer from an undisclosed "major international oil and gas company" for the sale of its 30 per cent non-operated working interest in an Andaman II production sharing contract (PSC) in the Malacca Strait, Indonesia.

SATS, Sembcorp join hands for green push, starting with solar energy systems

SATS is partnering Sembcorp Industries to develop solutions which help the ground handler and caterer reduce its environmental footprint across several facilities.

Temasek’s ABC World Asia closes inaugural fund at S$385m

ABC World Asia, a private equity fund for impact investing established in May by Temasek Trust, has closed its inaugural fund at S$385 million....

Stocks to watch: Raffles Medical, Eagle Hospitality Trust, KIT, KORE, Mermaid

THE following companies saw new developments that may affect trading of their shares on Tuesday:

JTC, Delta Electronics set up training centre to drive Industry 4.0

JTC Corporation is collaborating with Taiwanese power-component maker Delta Electronics to drive the adoption of Industry 4.0 technology.

JTC partners Delta Electronics for Industry 4.0 technology push

JTC Corporation is collaborating with Taiwanese power-component maker Delta Electronics to drive the adoption of Industry 4.0 technology.

SingPost maintains its 'BBB+' S&P rating; outlook stable

CREDIT ratings firm Standard and Poor's (S&P) has maintained its "BBB+" rating of Singapore Post (SingPost), according to a Thursday announcement. SingPost was rated "BBB+" in July 2018.

Frasers Centrepoint Trust Q4 DPU up 1.8%

FRASERS Centrepoint Trust's (FCT) distribution per unit (DPU) rose 1.8 per cent to 2.913 Singapore cents from 2.862 cents a year ago for the fourth quarter ended Sept 30, 2019, boosted by higher portfolio occupancy and contributions.

MLT prices new units at top of range on strong demand

MAPLETREE Logistics Trust's private placement drew strong investor demand, with the issue subscribed by over 13 times.