Business News

Yang Kee Logistics to buy New Zealand's Fliway for S$52.1 mln

Singapore's Yang Kee Logistics said it entered into an agreement to buy New Zealand-listed logistics firm Fliway Group for S$52.1 million.

Oct 26, 2017

By Aastha Agnihotri

Tung Lok Restaurants warns on first-half profit

Tung Lok Restaurants said it is expected to report a net loss for the half-year ended September 30 citing fall in revenue.

Oct 26, 2017

By Aastha Agnihotri

Jaya Holdings to liquidate and delist from SGX

Jaya Holdings, which builds, manages and charters ships, said it will convene a board meeting for the proposed voluntary liquidation of the firm.

Oct 26, 2017

By Aastha Agnihotri

Keppel sells stake in Keppel Cove project for S$597 mln

Keppel Land China, a unit of Keppel Land, on Thursday said it will sell its entire stake in a Chinese waterfront residential and recreational development for about 2.9 billion yuan.

Oct 26, 2017

By Aastha Agnihotri

5 things you need to know about OCBC results

Singapore's second-largest lender Oversea-Chinese Banking Corp on Thursday reported a better-than-expected quarterly profit.

Oct 26, 2017

By Aastha Agnihotri

India's Sensex surges over 400 points; PNB soars 50%

Indian shares climbed on Wednesday, led by banking stocks after the government approved a $32.43 billion plan to recapitalise beleaguered lenders.

Oct 25, 2017

By Aastha Agnihotri

Mapletree Commercial Trust Q2 DPU rises 9.3%

Mapletree Commercial Trust, a real estate investment trust, on Wednesday reported a 9.3 percent in second-quarter distribution per unit .

Oct 25, 2017

By Aastha Agnihotri

Singapore stocks recoup losses as OCBC Bank, DBS advance

Singapore stocks gained on Wednesday, led by lenders such as OCBC Bank and DBS amidst positive Asian cues.

Oct 25, 2017

By Aastha Agnihotri

Singapore Exchange quarterly profit rises 9% on higher listings

Singapore Exchange's first-quarter net profit rose 9 percent on Wednesday, powered by higher listings and increased revenue from equities and fixed income.

Oct 25, 2017

By Aastha Agnihotri

MindChamps inks deal with China First, Hillhouse ahead of IPO

MindChamps Preschool on Wednesday signed agreements with investment firms China First Capital Group and Hillhouse Capital ahead of its planned initial public offering (IPO) on the mainboard of the Singapore Exchange.

Oct 25, 2017

By Aastha Agnihotri

Rival regulators strengthen fintech cooperation

The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) inked an agreement to fortify their existing fintech cooperation.

Oct 25, 2017

By Peter Del Rosario

Why Singapore needs to be vigilant for possible inflation pickup

Monetary Authority of Singapore Managing Director Ravi Menon said policymakers need to be proactive in these times as stronger economic growth may lead to an inflation pickup.

Oct 25, 2017

By Peter Del Rosario

India's Sensex climbs as lenders rally on record capital boost

Indian shares climbed on Wednesday, led by banking stocks after the government approved a $32.43 billion plan to recapitalise beleaguered lenders.

Oct 25, 2017

By Aastha Agnihotri

Indian banks rally on record $32 bln capital injection

India's state-run banks surged between 20 percent to 35 percent on Wednesday after the government pledged to inject record 2.11 trillion rupees ($32 billion) of capital into the lenders to revive credit growth.

Oct 25, 2017

By Aastha Agnihotri

Singapore stocks listless amid lack of cues

Singapore stocks were little changed on Wednesday, as gains in lenders like OCBC Bank were offset by a decline in real estate investment trusts such as CapitaLand Mall.

Oct 25, 2017

By Aastha Agnihotri

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