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Noble Group co-CEO quits unexpectedly, just days after US$1.2 bln loss

Noble Group's co-CEO Jeffrey Frase quit on Monday, a surprise move that comes just three days after embattled commodity trader reported a third-quarter loss of $1.17 billion.

Nov 13, 2017

By Aastha Agnihotri

Wilmar International Q3 profit falls as oil, sugar businesses drag

Singapore-based agribusiness giant Wilmar International on Monday posted a near 6 percent drop in third-quarter profit, hurt by weaker results in the tropical oils and sugar businesses.

Nov 13, 2017

By Aastha Agnihotri

Sembcorp expands India footprint with new wind power project

Singaporean conglomerate Sembcorp Industries on Monday said it secured a 250-megawatt project in India's second nationwide wind power tender.

Nov 13, 2017

By Aastha Agnihotri

DBS cuts lending to beleaguered Noble Group: report

Embattled commodity trader Noble Group has lost support from one of its key banks as Singapore's DBS Group Holdings cut lending, Bloomberg reported on Monday.

Nov 13, 2017

By Aastha Agnihotri

Emirates takes luxury to next level with upgraded first-class cabins

Emirates unveiled completely refreshed interiors for its Boeing 777 aircraft, as the world's largest international airline takes the on-air luxury and privacy to the next level.

Nov 13, 2017

By Aastha Agnihotri

Jardine Cycle & Carriage buys stake in Vietnamese dairy firm for US$616.6 mln

Jardine Cycle & Carriage, a retailer of motor vehicles, parts and accessories, on Monday said its unit would buy a stake of 5.53 percent in Vietnam Dairy Products Joint Stock Co (Vinamilk) for US$616.6 million in cash.

Nov 13, 2017

By Aastha Agnihotri

CapitaLand opens its largest mall in China, over three times the size of ION Orchard

Property developer CapitaLand on Monday said it opened Suzhou Center Mall, its first mall in Suzhou, east China and the largest mall in its portfolio.

Nov 13, 2017

By Aastha Agnihotri

Noble Group looks to raise $2.5 billion to refinance debt

Noble shares hit 52-week low; down for second day

Shares in Noble Group fell as much as 4 percent to S$0.24 on Monday after the embattled commodity trader reported a third-quarter loss of $1.17 billion last week and warned that the operating environment remains challenging.

Nov 13, 2017

By Aastha Agnihotri

Property developer Aspen's quarterly profit zooms 2218%

Malaysian property developer Aspen Group Holdings, which listed on the SGX earlier this year, on Friday reported a surge in third-quarter profit, powered by higher revenue from ongoing property development projects .

Nov 10, 2017

By Aastha Agnihotri

Taxi operator ComfortDelGro Q3 profit falls 8.2% as competition bites

Taxi operator ComfortDelGro on Friday reported an 8.2 percent fall in third-quarter profit, hurt by increased competition from rivals.

Nov 10, 2017

By Aastha Agnihotri

This is how you can fly all you want on a private jet

Surf Air is a new subscription-based commuter airline that offers unlimited flight service for a fixed monthly fee. Members can book a ticket via an app and arrive at a private terminal just 15 minutes before take off. The airline connects passengers across California and recently launched its network in Europe.

Nov 10, 2017

By Staff Reporter

SembCorp industries posts 56% drop in third quarter profits

SembMarine eyes S$665.8 mln contract from Norwegian oil major Statoil

Sembcorp Marine on Friday said its unit Sembcorp Marine Rigs & Floaters has signed a letter of intent with Norwegian oil and gas company Statoil for an engineering, procurement and construction contract estimated at US$490 million (S$665.8 million).

Nov 10, 2017

By Aastha Agnihotri

Noble Group plunges 11% in heavy trading as liquidity worsens

Shares in Noble Group fell as much as 11 percent to S$0.24 on Friday after the embattled commodity trader reported a third-quarter loss of $1.17 billion and warned that the operating environment remains challenging.

Nov 10, 2017

By Aastha Agnihotri

5 things you need to know Yangzijiang Shipbuilding results

China-based Yangzijiang Shipbuilding posted a 208 percent jump in third-quarter profit, sending its shares up as much as 5 percent.

Nov 10, 2017

By Aastha Agnihotri

GLP second-quarter results: All you need to know

Warehouse operator Global Logistic Properties (GLP), which got acquired by a Chinese consortium earlier this year, reported a 34 percent jump in second-quarter profit.

Nov 10, 2017

By Aastha Agnihotri