Business News

Singapore assets under management growth declines year-on-year

Economists raise Singapore's 2017 growth forecast to 3.3%

Economists have raised Singapore's economic growth forecast this year to 3.3 percent from an earlier 2.5 percent forecast in September.

Dec 13, 2017

By Aastha Agnihotri

Singtel, DBS join multinationals in pledging transparency on climate change risks

Singtel, DBS and City Developments are among 237 international firms that have joined global initiative for companies to disclose climate change exposure and pave way for low-carbon economy.

Dec 13, 2017

By Aastha Agnihotri

Noble Group in talks with creditors about debt-for-equity restructuring: report

Noble Group is talking to creditors about a conventional restructuring that includes a debt-for-equity swap, Bloomberg reported on Tuesday.

Dec 13, 2017

By Aastha Agnihotri

ThaiBev unit confirms interest in Sabeco stake, but no formal bid yet

Brewing group Thai Beverage on Wednesday confirmed unit's interest in owning 25 percent or more of Sabeco, but it is yet to submit a formal bid for the Vietnam's biggest brewer.

Dec 13, 2017

By Aastha Agnihotri

Indian shares fall ahead of economic data; MT Educare drops 5%

Indian stocks fell on Tuesday as investors looked forward to macroeconomic data due later in the day amid a mixed trend in Asia.

Dec 12, 2017

By Aastha Agnihotri

Singapore stocks gain for third day; Noble Group climbs 33%

Singapore shares extended gains to a third session on Tuesday, led by buying in lenders such as DBS Group and United Overseas Bank.

Dec 12, 2017

By Aastha Agnihotri

Fall in business travel drags tourism receipts to first decline since 2009

Singapore slips to 21st most expensive city globally for expats: survey

Singapore is the 21st most expensive city worldwide for expatriates, according to the latest cost of living survey by ECA International published on Tuesday.

Dec 12, 2017

By Aastha Agnihotri

ThaiBev emerges as sole bidder for a stake in Vietnam's Sabeco

Brewing group Thai Beverage emerged as the sole bidder willing to spend more than $2 billion for a stake in Saigon Beer Alcohol Beverage Corp.

Dec 12, 2017

By Aastha Agnihotri

Indian shares fall amidst caution ahead of the economic data

Indian stocks fell on Tuesday as investors looked forward to macroeconomic data due later in the day amid a mixed trend in Asia.

Dec 12, 2017

By Aastha Agnihotri

Singapore stocks take breather after two-day rally; Noble soars 35%

Singapore shares snapped two-day rally on Tuesday, as investors booked profits in recent outperformers following sharp gains in the previous two sessions.

Dec 12, 2017

By Aastha Agnihotri

Stocks in Singapore not affected by global recall of Lactalis baby milk: govt

Dairy products sold by Lactalis in Singapore are not affected by the global recall of French company's formula milk products, the Agri-Food and Veterinary Authority (AVA) said.

Dec 12, 2017

By Aastha Agnihotri

Infinio shares soar 50% as company explores fund raising options

Shares in Infinio Group jumped as much as 50 percent to S$0.003 on the Singapore Exchange on Tuesday.

Dec 12, 2017

By Aastha Agnihotri

Temasek invests in local medtech startup Advent Access

Singapore-based medtech company Advent Access has raised S$2.6 million from Temasek to advance the development and commercialisation of its patented av-Guardian technology.

Dec 12, 2017

By Aastha Agnihotri

Thai Beverage requests trading halt amidst reports co eyeing stake in Vietnam's Sabeco

Brewing group Thai Beverage on Tuesday requested for a trading halt on its shares pending the release of an announcement.

Dec 12, 2017

By Aastha Agnihotri

Singapore's Clearbridge Health seeks to raise S$24.6 mln via Catalist listing

Clearbridge Health plans to raise about S$24.6 million through its initial public offering on the Singapore Exchange (SGX) Catalist Board to build a healthcare business focused on precision medicine services.

Dec 12, 2017

By Aastha Agnihotri

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