BANK EARNINGS
SWEPT into fresh uncertainty from the virus outbreak, Singapore banks are cautious over the next three to six months, given that about 10 per cent of their total loan portfolio is seen to be...
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...
