Sinarmas Q4 profit surges 412.5%, issues special dividend

A S$109.4 million gain on the divestment of Orchard Towers contributed to a 412.5 per cent leap in Sinarmas Land's Q4 net profit to S$238.2 million from the previous year, the group said in a Singapore Exchange filing on Monday evening after trading hours...

SPH unit submits joint bid to manage Singapore Expo

A UNIT of Singapore Press Holdings (SPH) has thrown its hat into the ring for a government tender to become the managers of Singapore Expo for 10 years from 2019, in a three-cornered fight involving incumbent SingEx Venues and a unit of Singapore entrepreneur Ron Sim's V3 Group...

Silverlake Axis subsidiary wins 5 accounts in Asean, Hong Kong

SILVERLAKE Axis' wholly-owned insurance processing subsidiary Merimen Ventures has won five new accounts in three Asian countries that are expected to contribute positively to the results of the fintech services provider in its current and following financial years...
SINGAPORE BUDGET 2018

Singapore Budget 2018: Iras releases consultation papers on e-commerce transactions

THE Inland Revenue Authority Of Singapore (Iras) published two consultation papers on Feb 20 regarding taxing e-commerce transactions for businesses and individuals buying digital services from overseas providers.

TIH offer closes with offeror getting 62% stake

THE offer for mainboard-listed TIH Ltd closed on Feb 20 with the offeror and its concert parties ending with 62 per cent of the mainboard-listed company.

China Environmental Resources Group posts profit warning

CHINA Environmental Resources Group expects to record an increase in losses for the period ended Dec 31, 2017, the company said in a profit warning posted after trading hours on Tuesday on the Singapore Exchange.

Delong announces profit guidance for Q4 2017, FY2017

DELONG Holdings is expecting to report a "significant increase in net profit" in the three-month period and 12-month period ended Dec 31, 2017, the steel manufacturing and trading firm said in a Singapore Exchange filing on Tuesday evening...

Keppel Reit subsidiary secures S$350m loan facility

KEPPEL Reit Management Limited, manager of Keppel Reit, on Tuesday said in a filing to the Singapore Exchange that Keppel REIT Fin. Company (KRFC) has obtained a S$350 million term loan facility. Keppel REIT Fin. Company is a wholly-owned subsidiary of Keppel Reit.

Singapore helps Asia-Pac property deals to new record of US$157b

SINGAPORE'S flurry of large deals in 2017 lifted real estate transactions in the Asia-Pacific, with acquisitions growing 6 per cent to hit an all-time high of US$157.5 billion. ...

Roxy-Pacific all set to ride property upturn

FOLLOWING a softer 2017, Roxy-Pacific Holdings is back in the game - just in time for the property upturn.

Roxy-Pacific's Q4 net profit falls 39%

LOWER revenue from some developments eroded Q4 results for Roxy-Pacific Holdings, as net profit fell 38.9 per cent to S$7.3 million from the previous year.

Roxy-Pacific Q4 net profit falls 39% on lower revenue recognition in property development

LOWER contribution from revenue recognition of some property developments eroded results for Roxy-Pacific Holdings in its fourth quarter.
FESTIVE SALES

This Chinese New Year, delivery startups keep tradition alive

RETAIL sales excluding motor vehicles inched up just 0.6 per cent in December, but consumers aren't necessarily holding back for the Chinese New Year (CNY)...

Green lung, people-friendly zone new draws 0f Market St area

THE redevelopment of the former Golden Shoe Car Park will feature a 12,500 square foot public park, Minister for National Development and Second Minister for Finance Lawrence Wong said at a groundbreaking on Friday.

Market Street to get park, footpaths from Golden Shoe Car Park redevelopment: Lawrence Wong

THE redevelopment of the former Golden Shoe Car Park will feature a 12,500 square foot public park, Minister for National Development and Second Minister of Finance Lawrence Wong said at a groundbreaking on Friday.

Overseas property investments: the grass isn't always greener

WHEN Justin Harper bought a two-bedroom unit outside of London in 2014, the last thing he expected was for the £270,000 (S$503,702) investment to possibly go down in flames - literally.
BT EXCLUSIVE

Singapore investors in UK project worry about costs of fixing fire hazard

SEVERAL Singapore investors have found themselves in a limbo over their units in a luxury building apartment outside of London after it was found to be a fire hazard last year.

CSC narrows losses on back of more business activity

A HIGHER level of business activity gave a lift to results for engineering services firm CSC Holdings in the third quarter of its FY2018.
SINGAPORE AIRSHOW 2018

JTC inks MOUs on Seletar Aerospace Park with GE Aviation, Hawker Pacific, PPG

NATIONAL industrial-estate developer JTC signed a series of memoranda of understanding with three global aerospace companies, Hawker Pacific, GE Aviation and PPG, at the Singapore Airshow on Tuesday.

ComfortDelGro buys taxis in Shenyang, invests in new Jilin repair shop

IN a 71.6 million yuan (S$15 million) move, ComfortDelGro Corporation is buying 217 taxi licences and vehicles from a Shenyang company to grow its fleet in the city by close to a fifth to 1,503 taxis.

New programme to help legal sector Go Global

A NEW programme launched on Feb 1 will help Singapore law firms take their practice abroad with overseas mission trips, training and marketing in the next few years.

Lawyers Go Global programme to help Singapore law firms go abroad

LAWYERS and law firms thinking of taking their practice abroad or finding fresh networking opportunities can now look to a new programme called Lawyers Go Global.

OUE Commercial Reit's Q4 distribution income up 14.6%

AN ABSENCE of performance fees and higher income support drawdown lifted fourth-quarter results for landlord OUE Commercial Reit (OUE C-Reit).

OUE Commercial Reit distribution income rises, DPU falls for Q4 2017

An absence of performance fees and higher income support drawn lifted results for landlord OUE Commercial Reit (OUE C-Reit) in its fourth quarter.

OUE H-Trust posts lower DPS

HIGHER interest expenses and an absence of income support dragged landlord OUE Hospitality Trust (OUE H-Trust)'s distribution per stapled security (DPS) down by 6.6 per cent to 1.27 cents for the fourth quarter ended 2017...