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Swiber Holdings says creditors commence voluntary liquidation of unit

Singapore-based Swiber Holdings on Tuesday said the creditors have commenced the voluntary liquidation of its unit Swiber Corporate.

Oct 31, 2017

By Aastha Agnihotri

CITIC Envirotech wins its largest ever project in China

Investment holding company CITIC Envirotech on Tuesday said it won its largest ever project of 4.6 billion yuan (about S$944.7 million) in China.

Oct 31, 2017

By Aastha Agnihotri

SembCorp industries posts 56% drop in third quarter profits

Sembcorp Marine swings to third-quarter profit

Sembcorp Marine, a provider of marine and offshore engineering services, on Tuesday swung to quarterly profit due to lower share of losses from associates and joint ventures.

Oct 31, 2017

By Aastha Agnihotri

DBS to re-skill 1,500 employees over next 18 months

Singapore's largest lender DBS Bank on Tuesday said it will proactively re-skill 1,500 workers in the next 18 months, in an effort to help employees sharpen their competitiveness and deepen their skillset.

Oct 31, 2017

By Aastha Agnihotri

Apple designing iPhones, iPads without Qualcomm parts: report

Apple Inc is designing iPhones and iPads for next year that don't use components from chipmaker Qualcomm Inc, Wall Street Journal reported.

Oct 31, 2017

By Aastha Agnihotri

KTL Global CEO assisting authorities in probe; shares tank 14%

KTL Global, a supplier of rigging equipment to the offshore oil and gas, said its chief executive officer has been asked to assist authorities in an investigation concerning a possible offence under the Securities and Futures Act.

Oct 31, 2017

By Aastha Agnihotri

Roxy-Pacific third-quarter profit tumbles 82%

Property developer Roxy-Pacific Holdings said net profit tumbled 82 percent in the third-quarter due to lower revenue from the property development and hotel ownership segments.

Oct 31, 2017

By Aastha Agnihotri

changi airport terminal 4 self-check in kiosks

Changi Airport opens Terminal 4 for business; to handle 20 flights on first day

Changi Airport's Terminal 4 welcomed its first flight from Cathay Pacific Airways as it began its first full day of operations on Tuesday.

Oct 31, 2017

By Aastha Agnihotri

AirAsia alerts public on online scam claiming to give free flight tickets

SATS inks ground handling partnership with low-cost carrier AirAsia

In-flight catering service provider SATS entered into a partnership with low-cost carrier AirAsia to grow ground handling in the fast-growing Asean region.

Oct 31, 2017

By Aastha Agnihotri

Singapore likely to have more showers in second half of June: National Environment Agency

Ascendas REIT second-quarter DPU edges up 1.1%

Ascendas REIT, Singapore's largest listed business space and industrial real estate investment trust, on Monday reported a 1.1 percent rise in second-quarter distribution per share..

Oct 30, 2017

By Aastha Agnihotri

Micro-Mechanics posts record quarterly profit on Chinese demand

Precision tools maker Micro-Mechanics Holdings on Monday reported a 53 percent jump in first-quarter net profit on the back of higher revenue, growth in profit margin and a tight rein on expenses.

Oct 30, 2017

By Aastha Agnihotri

Singapore's Healthway Medical sees third-quarter loss as costs mount

Healthway Medical said it expected to report a loss for the third quarter citing challenging operating environment and increase in finance costs.

Oct 30, 2017

By Aastha Agnihotri

Ezion tries to tempt bondholders by offering refinancing protection

Ezion Holdings, a provider of offshore marine logistics services, on Monday offered bondholders protection in case its refinancing does not go as planned.

Oct 30, 2017

By Aastha Agnihotri

Raffles Medical Group Q1 profit rises 3.7%; revenue up 23%

Singapore's Raffles Medical posts 1% rise in third-quarter profit

Raffles Medical Group on Monday reported a 1 percent growth in third-quarter net profit, as lower renewal rates for expatriate plans offset higher local patient loads at the hospitals.

Oct 30, 2017

By Aastha Agnihotri

Ascott wins contracts to manage properties in Raffles Place, Citadines Rochor

CapitaLand's serviced residence business unit, the Ascott on Monday said it secured contracts to manage two properties in the Central Business District (CBD) and near the Ophir-Rochor Corridor.

Oct 30, 2017

By Aastha Agnihotri