Business News

Ascott expands in U.S. with S$81.5 mln hotel in Silicon Valley

Realty firm CapitaLand's serviced residence business unit, The Ascott said it invested S$81.5 million to acquire and refurbish a freehold hotel in Silicon Valley, California.

Oct 19, 2017

By Aastha Agnihotri

Singapore Medical Group buys hospital-based paediatric clinic for S$7.9 mln

Singapore Medical Group on Thursday said it acquired a paediatric clinic, babies and Children Specialist Clinic Pte. for S$7.9 million.

Oct 19, 2017

By Aastha Agnihotri

US MegaBots beat Japan in worlds first-ever giant robot showdown

The much-awaited worlds first-ever giant robot duel was finally streamed online on 17 October. Team USA toppled Japan in the battle that saw the 16ft-tall Eagle Prime by the U.S.-based robotics company MegaBots taking on Japans Suidobashis 13ft-tall Kuratas robot.

Oct 18, 2017

By Staff Reporter

SGX cuts ribbon of its new Chicago office

Singapore Exchange (SGX) has opened its SGX America office in Chicago to better serve investors in the North American Region.

Oct 18, 2017

By Peter Del Rosario

India's Sensex retreats from record high; Lenders fall

Indian shares retreated from record levels in early session on Tuesday as realty, auto, healthcare and metal stocks fell as investors booked profits.

Oct 17, 2017

By Aastha Agnihotri

Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From M1's profit warning to GLP's panda bond issuance, get your daily dose of all the latest in the world of business right here.

Oct 17, 2017

By Aastha Agnihotri

Keppel Telecommunications Q2 profit slumps 82%

Keppel Telecommunications & Transportation reported an 82 percent drop in third-quarter net profit, due to the absence of gain from a divestment made in quarter and the contributions from subsidiaries disposed.

Oct 17, 2017

By Aastha Agnihotri

Global Logistic Properties issues US$152 mln worth of panda bonds

Global Logistic Properties, a provider of logistics facilities, on Tuesday said it issued 1 billion Chinese yuan (US$152 million) of RMB-denominated bonds or panda bonds in China's interbank market.

Oct 17, 2017

By Aastha Agnihotri

Singapore economy expands by 1.8 per cent in Quarter 1

Keppel REIT quarterly distributable income falls about 11%

Keppel REIT on Tuesday reported a 10.5 percent drop in third-quarter distributable income, hurt in part by the absence of gain on divestment of 77 King Street last year.

Oct 17, 2017

By Aastha Agnihotri

Singapore stocks drift higher; Pacific Radiance climbs 22%

Singapore stocks edged higher on Tuesday, tracking gains in other Asian equities but sentiment remained muted as concerns about North Korea re-emerged.

Oct 17, 2017

By Aastha Agnihotri

Weak global inflation trends affect Singapore expectations

According to Singapore Management University, Singaporeans inflation expectation has moderated in the month of September as global markets face persistently low inflation despite accommodative monetary policies and significant policy uncertainty such as increasing protectionism.

Oct 17, 2017

By Kiersnerr Gerwin Tacadena

Hong Kong trumps Shanghai, Singapore as most costly city for luxury living

According to the latest Julius Baer wealth report, Hong Kong displaces Shanghai and Singapore as the most expensive cities for high net worth individuals in Asia.

Oct 17, 2017

By Kiersnerr Gerwin Tacadena

Indian shares retreat from record highs; Wipro earnings eyed

Indian shares retreated from record levels in early session on Tuesday as realty, auto, healthcare and metal stocks fell as investors booked profits.

Oct 17, 2017

By Aastha Agnihotri

Singapore stocks extend gains; North Korea worries weigh

Singapore stocks edged higher on Tuesday, tracking gains in other Asian equities but sentiment remained muted as concerns about North Korea reemerged.

Oct 17, 2017

By Aastha Agnihotri

Property developer Chip Eng Seng to buy Changi Garden for S$248.8 mln

Property developer Chip Eng Seng Corp on Tuesday said it would buy the Changi Garden property for S$248.8 million.

Oct 17, 2017

By Aastha Agnihotri

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