Business News

SGX extends fall; Yangzijiang Shipbuilding bucks trend

Singapore shares fell for a fourth session on Tuesday as heavyweight DBS Group Holdings extended losses following June quarter earnings.

Aug 8, 2017

By Aastha Agnihotri

Sabana REIT in buyout talks with Warburg Pincus-backed ESR

Sabana REIT said it is currently in talks with ESR Funds Management to explore options in connection with its strategic review.

Aug 8, 2017

By Aastha Agnihotri

Fair value gain lifts Perennial Real Estate quarterly profit

Realty developer Perennial Real Estate Holdings reported a 96 percent jump in second-quarter net profit, powered by a fair value gain of S$16.6 million.

Aug 8, 2017

By Aastha Agnihotri

Singtel to invest S$2.47b to buy stakes in InTouch, Bharti Telecom

Singtel to commence cellular Internet of Things network service by-end September

Singapore largest telco Singtel is eyeing to launch its nationwide cellular IoT network by end-September.

Aug 8, 2017

By Kiersnerr Gerwin Tacadena

Global Logistic Properties Q1 profit falls on lower revaluations

Warehouse operator Global Logistic Properties (GLP), which got acquired by a Chinese consortium last month, reported a 29 percent fall in first-quarter profit due to lower revaluations.

Aug 8, 2017

By Aastha Agnihotri

MTI, STB seek feedback on amendments for travel agents law

M1 rolls out Southeast Asia's first commercial NB-IoT network

According to Singapore telco player M1, this is in efforts to catalyse smart solutions innovation and support Singapore's transformation into a Smart Nation.

Aug 8, 2017

By Kiersnerr Gerwin Tacadena

Yangzijiang Shipbuilding Q2 profit soars; stock up 8%

China-based Yangzijiang Shipbuilding posted a 73 percent jump in second-quarter profit, sending its shares up as much as 8 percent.

Aug 8, 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 DBS Group asset woes to Keppel's director resignation, get your daily dose of all the latest in the world of business right here.

Aug 7, 2017

By Aastha Agnihotri

Coffee shop operator Kimly's Q3 profit falls as costs rise

Kimly, the largest traditional coffee shop operator in Singapore, posted a 20 percent fall in third-quarter net profit due to higher costs.

Aug 7, 2017

By Aastha Agnihotri

Singapore's BBR Holdings swings to first-half profit

Construction group BBR Holdings on Monday swung to a first-half profit, helped by improved share of associates' profits.

Aug 7, 2017

By Aastha Agnihotri

Indian shares drift lower as software exporters drag

Indian shares edged lower on Monday on account of the selling pressure in software makers such as Infosys and Tata Consultancy Services.

Aug 7, 2017

By Aastha Agnihotri

SGX falls as DBS Group shares lead losses

Singapore shares edged lower on Monday, hurt by a decline in DBS Group shares after the lender flagged worries over asset quality.

Aug 7, 2017

By Aastha Agnihotri

Samsung chief Jay Y Lee arrives in court for closing arguments in bribery trial

Samsung Electronics Vice Chairman Jay Y Lee arrived at Seoul District Court on 7 August for closing arguments in his bribery trial. Lee, 49, has been in detention since February, and on trial for charges including bribery and embezzlement as part of a scandal that led to Parks ouster. Lee has denied wrongdoing.

Aug 7, 2017

By Staff Reporter

Samsung

Indian shares volatile; Tata Steel climbs ahead of results

Indian shares were little changed on Monday, as gains in miners such as Tata Steel was tempered by selling pressure in software makers.

Aug 7, 2017

By Aastha Agnihotri

Singapore stocks fall; DBS drifts lower

Singapore shares edged lower on Monday, hurt by a decline in DBS Group shares after the lender flagged worries over asset quality.

Aug 7, 2017

By Aastha Agnihotri

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