Business SG

Memtech’s proposed delisting gets SGX nod; EGM not required

Business Times - July 16, 2019

THE Singapore Exchange (SGX) has approved the proposed delisting of Memtech International, subject to the...

Suntec REIT buys Australian freehold Grade A office for $141.51m

SG Business Review - July 16, 2019

Submitted By:  Arianna Danganan Case Study:  No The 12-storey property has an NLA of 282,000...

Keppel REIT NPI dropped 28.1% to $31.06m in Q2

SG Business Review - July 16, 2019

Submitted By:  Luz Wendy Noble Case Study:  No It was dragged by the lower one-off...

Koh Brothers Eco Engineering nabs $668.2m contract from PUB

SG Business Review - July 16, 2019

Submitted By:  Arianna Danganan Case Study:  No It will construct influent pumping stations for the...

Maybank demands $33.6m from Hyflux for early termination of hedging deal

SG Business Review - July 16, 2019

Submitted By:  Nathanielle Punay Case Study:  No The bank designated 4 July as its date...

Tiong Seng makes JV its unit by buying remaining 56% stake for S$1

Business Times - July 16, 2019

MAINBOARD-LISTED Tiong Seng Holdings will acquire the remaining 56 per cent interest in a joint-venture...

Best World’s finalised scope of expanded independent review gets SGX RegC...

Business Times - July 16, 2019

BEST World International said on Monday night that the scope of its expanded independent review...

Pine Capital appoints independent reviewer to look into allegations of lapses, c...

Business Times - July 16, 2019

CATALIST-LISTED financial services firm Pine Capital Group has appointed KordaMentha as the independent reviewer to...

KTL Global unit enters service pacts worth 25m yuan with 3 China utility operato...

Business Times - July 16, 2019

OFFSHORE and marine equipment dealer KTL Global’s 80 per cent-owned subsidiary, Bluegas Private Limited, has...

PayPal launches international money transfer service Xoom across Europe

Channel News Asia SG Business - July 16, 2019

U.S. payments company PayPal is expanding further in Europe by launching its international money transfers...

Trump presses for USMCA passage as Lighthizer, lawmakers prepare to meet

Channel News Asia SG Business - July 16, 2019

WASHINGTON: President Donald Trump and his top advisers on Monday stepped up their drive to...

Pearson goes ‘digital first’ in US college market

Channel News Asia SG Business - July 16, 2019

Pearson, the world’s biggest education company, will release all its titles for the United States...

Vale to pay US$106.5 million to workers affected by Brazil dam disaster

Channel News Asia SG Business - July 16, 2019

Brazilian mining company Vale SA said on Monday it would pay 400 million reais (US$106.52...

IKEA closing only US furniture factory, cutting 300 jobs

Channel News Asia SG Business - July 16, 2019

WASHINGTON: IKEA said it will close its only US factory at the end of the year,...

Commentary: Singapore trade, disrupted, (not) business as usual

Channel News Asia SG Business - July 16, 2019

A troubling and potent mix of factors have reshaped the global trade landscape and created...

US judge slashes Roundup jury award to US$25.3 million; Bayer still plans to app...

Channel News Asia SG Business - July 16, 2019

A federal judge on Monday reduced a damages award that Bayer AG owed a man...

Brazil’s vice president says no restrictions on Huawei

Channel News Asia SG Business - July 16, 2019

RIO DE JANEIRO: China’s Huawei will not be restricted in Brazil where plans are under...

Limited hangover for AB InBev after beer IPO goes flat

Channel News Asia SG Business - July 16, 2019

BRUSSELS: The share price for the beer giant behind Stella Artois and Budweiser showed limited...

Gilead invests US$5 billion to deepen ties with biotech Galapagos

Channel News Asia SG Business - July 16, 2019

Gilead Sciences Inc will invest US$5.1 billion to raise its stake in Galapagos NV and...

Facebook vows Libra currency will wait for approval as US airs worries

Channel News Asia SG Business - July 16, 2019

Facebook Inc said on Monday it would not proceed with the launch of its Libra...

US-China trade officials to talk again ‘this week’

Channel News Asia SG Business - July 16, 2019

WASHINGTON: Top US and Chinese trade negotiators are due to speak by telephone in the...

S&P 500 closes flat as earnings season starts

Channel News Asia SG Business - July 16, 2019

U.S. stock futures extended last week’s gains to trade slightly higher on Monday in the...

Republican House member introduces bill to boost US 5G presence

Channel News Asia SG Business - July 16, 2019

A Republican lawmaker on Monday introduced legislation to boost the presence of U.S. firms in...

US stocks edge to records ahead of major earnings

Channel News Asia SG Business - July 16, 2019

NEW YORK: Wall Street stocks edged to fresh records on Monday (Jul 15) at the start...

Most big companies fail to report role in deforestation, charity says

Channel News Asia SG Business - July 16, 2019

Most big companies are failing to report the damage their operations are doing to forests...

State AGs fighting T-Mobile, Sprint merger say October trial may not be possible

Channel News Asia SG Business - July 16, 2019

An attorney for the state attorneys general who filed a lawsuit in hopes of stopping...

SIA Group passenger load factor up 1.6ppt to 86.2% in June

SG Business Review - July 16, 2019

Submitted By:  Luz Wendy Noble Case Study:  No Passenger carriage rose 8.5% YoY. SIA Group...

Developer sales in June up 25% to 821 units

SG Business Review - July 16, 2019

Submitted By:  Arianna Danganan Case Study:  No The growth was driven by Sky Everton which...

Seletar Mall buy could add up to 10% to SPH REIT’s FY 2019 DPU

SG Business Review - July 16, 2019

Submitted By:  Arianna Danganan Case Study:  No The firm’s DPU inched up 1.5% YoY to...

Daily Markets Briefing: STI down 0.28%

SG Business Review - July 16, 2019

Submitted By:  Staff Reporter Case Study:  No DBS led the gains as it rose 0.46%....

Chart of the Day: Total property investment sales fell 9.52% to $11.4b in H1

SG Business Review - July 16, 2019

Submitted By:  Nathanielle Punay Case Study:  No Industrial property sales led the declines. This chart...

Daily Briefing: REITS to lure investments despite 20% price hike; Recruitment pl...

SG Business Review - July 16, 2019

Submitted By:  Nathanielle Punay Case Study:  No And HDB reports 3,300 unauthorised flat rental cases...

Sentosa Cove in need of a boost in profile

Business Times - July 16, 2019

MAINBOARD-LISTED property groups City Developments Ltd (CDL) and Ho Bee Land typically aim to sell...

Spackman to buy Korean film production firm for S$3.3m

Business Times - July 16, 2019

CATALIST-LISTED film producer and investor Spackman Entertainment Group is looking to buy South Korean film...

Suntec Reit buys freehold Grade A office building in Adelaide for A$148.3m

Business Times - July 16, 2019

SUNTEC Reit has expanded its presence in Australia with its latest acquisition of the entire...

Koh Brothers unit snags S$668.2m PUB job

Business Times - July 16, 2019

A SUBSIDIARY of Catalist-listed Koh Brothers Eco Engineering has bagged a S$668.2 million contract from...

Lower one-off income hits Keppel Reit’s Q2 DPU

Business Times - July 16, 2019

KEPPEL Reit’s second-quarter distribution per unit (DPU) slipped 2.1 per cent to 1.39 Singapore cents, due...

Keppel Infrastructure Trust declares flat Q2 DPU of 0.93 cent

Business Times - July 16, 2019

KEPPEL Infrastructure Trust (KIT) on Monday reported a flat distribution per unit (DPU) of 0.93...

Asia markets mixed on latest China data

Business Times - July 16, 2019

THE deluge of Chinese data releases on Monday was keenly watched as indicators of the...

SGX looking to curb big price swings during auction windows

Business Times - July 16, 2019

THE Singapore Exchange (SGX) is seeking feedback on whether it should introduce volatility controls to...

Pictet bets on Asia expansion; aims to double team of bankers

Business Times - July 16, 2019

PICTET Wealth Management (PWM) is pursuing a growth strategy in Asia, where it plans to...

Most working adults not financially ready for retirement

Business Times - July 16, 2019

THE majority of working adults in Singapore are financially unprepared for retirement, with one in...

Mnuchin says Facebook cryptocurrency needs safeguards against money laundering

Channel News Asia SG Business - July 16, 2019

WASHINGTON: U.S. Treasury Secretary Steve Mnuchin on Monday voiced serious concern that Facebook Inc’s proposed...

Opioid ‘kingpin’ J&J fueled epidemic, Oklahoma argues at trial’s end

Channel News Asia SG Business - July 16, 2019

Lawyers for the state of Oklahoma on Monday compared Johnson & Johnson to a drug...

Disney goes high-tech to draw fans to a new ‘Lion King’

Channel News Asia SG Business - July 16, 2019

Walt Disney Co has taken a high-tech route to remake animated classic “The Lion King”...

Bank of England picks World War Two code-breaker Turing for banknotes

Channel News Asia SG Business - July 16, 2019

Mathematician Alan Turing, whose cracking of a Nazi code helped the Allies to win World...

Exclusive: Canada set to postpone Huawei 5G decision to after vote, given sour t...

Channel News Asia SG Business - July 16, 2019

Canada is likely to postpone a decision on whether to allow China’s Huawei Technologies Co...

Google not biased against conservatives: executive

Channel News Asia SG Business - July 16, 2019

Google’s top government affairs official said on Monday that the search engine does not discriminate...

China’s TikTok to store Russian users’ data locally: watchdog

Channel News Asia SG Business - July 16, 2019

The Chinese video app TikTok will store Russian users’ data locally to comply with Russian...

Trump says has ‘better’ plan if Congress doesn’t pass US-Mexic...

Channel News Asia SG Business - July 16, 2019

WASHINGTON: President Donald Trump said on Monday he has “a better plan” if the U.S....

Charles Schwab in talks to buy USAA wealth-management, brokerage units: WSJ

Channel News Asia SG Business - July 16, 2019

Charles Schwab Corp is in talks to buy brokerage and wealth-management operations from USAA for...

Yandex’s joint venture with Uber to buy smaller Russian taxi firm’s assets

Channel News Asia SG Business - July 16, 2019

Russian internet company Yandex’s joint venture with Uber has agreed to buy Russian taxi firm...

European markets slightly firmer after doubts over slowing Chinese economy

Channel News Asia SG Business - July 16, 2019

LONDON: European stock markets were slightly firmer on Monday (Jul 15), mostly posting modest gains...

Huawei says it plans to invest US$3.1b in Italy

Channel News Asia SG Business - July 16, 2019

MILAN: Chinese tech giant Huawei said on Monday (Jul 15) it plans to invest US$3.1...

Atlantia, Delta picked to reboot ailing Alitalia

Channel News Asia SG Business - July 16, 2019

MILAN: Italy’s state railway Ferrovie dello Stato (FS) on Monday (Jul 15) said it had chosen...

Symantec ends talks to sell to Broadcom over price: sources

Channel News Asia SG Business - July 16, 2019

Cybersecurity company Symantec Corp and chipmaker Broadcom Inc have ceased deal negotiations, CNBC reported on...

Goldman banker highlights Morgan Stanley’s Hong Kong IPO woes

Channel News Asia SG Business - July 16, 2019

A senior Goldman Sachs banker has highlighted to colleagues the role played by rival Morgan...

Wall Street flat as Citi results weigh on bank shares

Channel News Asia SG Business - July 16, 2019

U.S. stock futures extended last week’s gains to trade slightly higher on Monday in the...

Huawei to invest US$3.1 billion in Italy but calls for fair policy on 5G: countr...

Channel News Asia SG Business - July 16, 2019

China’s Huawei Technologies said it would invest US$3.1 billion in Italy over the next three...

Walmart Chile to resume talks with union amid strike

Channel News Asia SG Business - July 16, 2019

Walmart Chile said on Monday it would resume talks with a union of 17,000 workers...

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