AN individual in Brazil connected to the consultants engaged by Sembcorp Marine's (SembMarine) subsidiaries has been found guilty of corruption, money laundering and participation in a criminal...

A PROTRACTED downturn in the marine sector and impairments of its UK energy asset pushed Sembcorp industries into the red. It posted a net loss of S$15 million for the fourth quarter, reversing...

SBS Transit has promoted its chief operating officer (COO) Cheng Siak Kian to acting chief executive officer (CEO) with effect from March 1.

DBS' US$1 billion 3.3 per cent perpetual deal sold on Thursday has paved the way for other Asian banks looking to raise AT1 capital, said the bank's head of fixed income, Clifford Lee.

NEW IPO

ANOTHER water treatment firm, Memiontec Holdings, is looking to list on the Singapore bourse, on the heels of a string of others either facing financial trouble or have already been taken private...

BANK EARNINGS

OCBC Bank is expecting a revenue growth hit of about 2 per cent from earlier projections for FY2020 as a result of the novel coronavirus outbreak, even as it raised dividends on the back of a...

BANK EARNINGS

UNITED Overseas Bank (UOB) has been de-risking its loan book in North Asia and Singapore amid macro uncertainties that are also brought on by the ongoing novel coronavirus outbreak. It sees...

THE Covid-19 virus outbreak has complicated an investment scenario that was already difficult to read. On the one hand, there was some cause for optimism after the US and China signed a Phase One...

STOCKS

THE Singapore stock market continued its retreat on Friday, with the Straits Times Index (STI) down 17.65 points or 0.55 per cent to 3,181.03. This marks a 1.2 per cent decline over the course of...

KIMLY will acquire a S$55.8 million portfolio of properties comprising four coffee-shops, three industrial canteen units and a restaurant unit. It will pay for the S$55.8 million acquisition with...

BREAKING NEWS

Feb 22, 2020 02:36 PM

Japan confirms four more coronavirus cases, to close a school for two days

[TOKYO] Japanese officials confirmed four new coronavirus infections on Saturday, as the number of cases outside of...

Feb 22, 2020 02:06 PM

Boeing suspends co-workers of pilot at centre of 737 MAX scrutiny

[SEATTLE ] Boeing Co put three employees who worked with the former chief technical pilot of the 737 Max on...

Feb 22, 2020 01:50 PM

Trump plans to raise issue of religious freedom with Indian PM Modi: official

[WASHINGTON] US President Donald Trump will raise the issue of religious freedom in India during his meetings with...

Feb 22, 2020 01:36 PM

For Harry and Meghan, no more 'royal' in their brand

[NEW YORK] Prince Harry and his wife, Meghan, will give up the name "royal" as they withdraw from official duties as...

Feb 22, 2020 01:03 PM

Twitter suspends group of pro-Bloomberg accounts over 'platform manipulation'

[SAN FRANCISCO] Twitter on Friday said it had started suspending and restricting dozens of accounts posting content...