BT's Top Stories from Last Week

'More time and deliberation' needed in potential combination of Keppel O&M, Sembmarine

When announcing the start of the talks on Jun 24 last year, the parties had said that the combined entity would be better placed to compete for larger contracts and pursue synergies arising from combined scale, footprint and capabilities.

Temasek said to push for removal of Bayer CEO Baumann

The Singapore state investor has communicated its displeasure about current leadership to the company and supervisory board chairman Norbert Winkeljohann, the people said, asking not to be identified discussing non-public information.

Sembmarine records 3 straight years of losses, but meets criteria to avoid watch list

The group's 6-month average daily market capitalisation was S$2.6 billion as at Mar 28, which means the group still meets the financial entry criteria to avoid being placed on the Singapore Exchange's (SGX) watch list.

Brokers' take: Jefferies downgrades DBS, OCBC, UOB to 'hold' on flattening yield curve

Jefferies equity analyst Krishna Guha also cut his target prices for all 3 lenders in a report on Thursday (Mar 31): he lowered DBS to S$32 from S$36, OCBC to S$12.50 from S$13.10 and UOB to S$32 from S$33.50.

CDL to make 'significant gains' from sale of Tanglin Shopping Centre

The freehold Tanglin Shopping Centre was sold for S$868 million or S$2,769 per square foot per plot ratio in February this year to the Singapore-based real estate investor and developer privately held by the Tanoto family, said its marketing agent Savills Singapore.