Business News

Weapons maker Kalashnikov develops electric bike

Kalashnikov — the Russian weapons maker and creator of the infamous AK-47 rifle — has developed an all-electric motorbike for use by the countrys police and military.

Oct 20, 2017

By Staff Reporter

Sembcorp inks JV with Japanese firm for residential project in Vietnam

Sembcorp Industries on Friday signed a conditional joint venture agreement with Japan's Nishi-Nippon Railroad (NNR) for the development of a residential project in Vietnam.

Oct 20, 2017

By Aastha Agnihotri

Singapore stocks gain inline with Asia; Keppel jumps

MSCI's broadest index of Asia-Pacific shares outside Japan, which scaled a 10-year peak on Tuesday, was up 0.3 percent, but still down slightly for the week.

Oct 20, 2017

By Aastha Agnihotri

Singapore: Open electricity market for households, businesses in Jurong

As per reports from the Energy Market Authority (EMA) in a media release to Channel NewsAsia on Friday, October 20, the Open Electricity Market is set to provide consumers with different choices thus making the course flexible.

Oct 20, 2017

By Sanchalita Mullick

Noble Group requests trading halt pending announcement

Commodity trader Noble Group on Friday requested for a trading halt pending the release of an announcement.

Oct 20, 2017

By Aastha Agnihotri

Singapore stocks join Asia rally; U.S. Senate passes budget plan

Singapore stocks rose on Friday, tracking gains in other Asian equities after the U.S. Senate approved a budget blueprint for the 2018 fiscal year.

Oct 20, 2017

By Aastha Agnihotri

GuocoLand first-quarter profit climbs as home sales bump up

Property developer GuocoLand reported a 41 percent jump in first-quarter gross profit, powered by by higher sales and progressive revenue recognition from Singapore's residential projects.

Oct 20, 2017

By Aastha Agnihotri

Keppel Corp posts 29% rise in quarterly profit, shares rise

Singaporean conglomerate Keppel Corp reported a 29 percent rise in third-quarter profit, boosted by higher profits from China and Vietnam property trading, the power and gas and asset management businesses and the sale of investments.

Oct 20, 2017

By Aastha Agnihotri

SIIC Environment wins wastewater expansion project in China

SIIC Environment, which installs industrial and municipal wastewater treatment systems, on Friday said its unit received the Wanzai Industrial Park BOT Wastewater Expansion Project in China.

Oct 20, 2017

By Aastha Agnihotri

KrisEnergy to proceed with development of Cambodia's Apsara oil field

Oil and gas explorer KrisEnergy on Friday said it made a final investment decision to proceed with the first phase of development for the Apsara oil field in Cambodia.

Oct 20, 2017

By Aastha Agnihotri

CapitaLand Commercial Trust Q3 distributable income rises

CapitaLand Commercial Trust (CCT) on Friday reported a 7 percent rise in third-quarter distributable income due to stronger performance from CapitaGreen and divestment gains.

Oct 20, 2017

By Aastha Agnihotri

Singapore stocks rally along with global equities

Singapore stocks edged higher on Thursday, tracking gains in other Asian equities after the Dow Jones index closed above 23,000 for the first time.

Oct 19, 2017

By Aastha Agnihotri

Singapore economy expands by 1.8 per cent in Quarter 1

ESR-REIT proposes to buy Tuas South property for S$111 mln

ESR REIT said its trustee RBC Investor Services Trust Singapore proposed to acquire a Tuas South property at an estimated cost of S$111 million from water treatment specialist Hyflux.

Oct 19, 2017

By Aastha Agnihotri

CWT to suspend trading as HNA stake crosses 90%

Logistics firm CWT on Thursday said will be suspended from trading after November 2 due to an insufficient free float.

Oct 19, 2017

By Aastha Agnihotri

SGX collaborates with Nasdaq for listings agreement

Singapore Exchange (SGX) said it had signed a collaborative agreement with Nasdaq Inc, in a move to leverage their strengths as the leading listings venues in the U.S. and Asia.

Oct 19, 2017

By Aastha Agnihotri

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