Business News

SGX gains for 4th session; RE&S Holdings jumps 64% on market debut

Singapore stocks extended their winning streak to a fourth day on Wednesday, tracking gains in Asian equities amidst hopes of global growth recovery.

Nov 22, 2017

By Aastha Agnihotri

Singapore's Neo in talks to buy fishcakes maker, Teochew noodles seller

Food catering firm Neo Group on Wednesday said it entered into an exclusive negotiation agreement with Jil & Yellowtail, Li Xin and two potential vendors to buy shares in Jil and Li Xin.

Nov 22, 2017

By Aastha Agnihotri

Hong Kong's Hang Seng index tops 30,000 level for first time in a decade

Hong Kong's benchmark equity index rose above the 30,000 level for the first time in a decade, led by Chinese financial and energy shares.

Nov 22, 2017

By Aastha Agnihotri

Lifebrandz shares gain in early trading, prompts SGX query

Shares in Lifebranz, which develops and manages brands in lifestyle-related sectors, gained as much as 2 percent to S$0.06 in early trading.

Nov 22, 2017

By Aastha Agnihotri

RE&S Holdings soars 64% above the IPO price on trading debut

Shares in Japanese restaurant group RE&S Holdings, which operates brands such as Kuishin Bo, jumped as much as 64 percent above the IPO price in Wednesday's debut.

Nov 22, 2017

By Aastha Agnihotri

Olam International Q1 net profit surges more than 200 percent

Olam founder bumps up stake for first time since 2012

Singapore-listed Olam International said its founder raised stake in the commodities trader for the first times in five years, restoring Kewalram Singapore's position as a substantial shareholder in Olam.

Nov 22, 2017

By Aastha Agnihotri

Singapore billionaire firm UOL takes control of SingLand

Property investor UOL Group said it acquired full control of its subsidiary Singapore Land through a mandatory unconditional cash offer of S$11.85 a share.

Nov 22, 2017

By Aastha Agnihotri

Indian shares gain led by pharma stocks; Dr. Reddy's climbs 5%

Indian shares advanced on Tuesday, tracking gains in Asian equities amidst hopes of global growth recovery.

Nov 21, 2017

By Aastha Agnihotri

Alliance Mineral ropes in ex-Ernst & Young Australia director as CFO

Alliance Mineral Assets, an explorer and excavator of minerals, on Tuesday appointed Shaun Menezes as the chief financial officer, effective immediately.

Nov 21, 2017

By Aastha Agnihotri

Viva Industrial Trust to be part of MSCI Singapore Small Cap Index from Nov 30

Viva Industrial Trust, a Singapore-focused business park and industrial property trust, on Tuesday said it will be included in the MSCI Singapore Small Cap Index as of the close of November 30.

Nov 21, 2017

By Aastha Agnihotri

Singapore shares rally ahead of GDP data; DBS gains 2.5%

Singapore stocks continued their winning streak to a third day on Tuesday, tracking gains in Asian equities amidst hopes of global growth recovery.

Nov 21, 2017

By Aastha Agnihotri

The Odeon tower building is seen in Monaco

Why world millionaires, including Djokovic, are heading to Monaco?

There are several wealthy individuals, who have their residence in Monaco starting from Sir Philip Green's wife, Tina, Formula One driver Lewis Hamilton, Jenson Button and the tennis ace Novak Djokovic. Many more millionaires are heading to Monaco now.

Nov 21, 2017

By Bhaswati Guha Majumder

Indian shares gain along with Asia; Dr Reddy's jumps 3%

Indian shares advanced on Tuesday, tracking gains in Asian equities amidst hopes of global growth recovery.

Nov 21, 2017

By Aastha Agnihotri

Singapore shares extend gaining streak to 3rd session; DBS, OCBC climb 2%

Singapore stocks continued their winning streak to a third day on Tuesday, tracking gains in Asian equities amidst hopes of global growth recovery.

Nov 21, 2017

By Aastha Agnihotri

Changi Airport gears up for S$7 mln trial for remote air traffic control

The Civil Aviation Authority of Singapore on Tuesday said it has hired UK-based Air Traffic Management service provider NATS to develop a smart digital tower prototype to be trialled at Changi Airport.

Nov 21, 2017

By Aastha Agnihotri

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