Is the long-standing Wee-Gokongwei rivalry over UIC set to soften?
THE state of play over Singapore-listed United Industrial Corp (UIC), the biggest office landlord in the city state long embroiled in a tug-of-war between two of South-east Asia's wealthiest families - Singapore's Wee and the Philippines' Gokongwei - could shift gear with the recent passing of...
KrisFlyer, KrisShop big part of SIA's growth story
SINGAPORE Airlines (SIA) appears to be making waves in the non-core airline business with its KrisFlyer (KF) loyalty programme notching up a handsome revenue of S$700 million in fiscal 2019 - up 18 per cent from a year ago - with a membership base of four million and counting.
New SIA pact with Malaysia Airlines may get off the ground within a year
THE “wide-ranging” commercial pact between the national carriers of Singapore and Malaysia to share revenue on flights between the two countries and expand codeshare routes could take off the ground within a year, said Singapore Airlines (SIA) chief executive Goh Choon Phong on Wednesday.
SIA's Q2 profit jumps 68% to S$94m on better showing by associates, JVs
BETTER showing by associates and joint ventures (JVs) - a key drag previously - led Singapore Airlines to post a 68 per cent jump in net profit for the second quarter to S$94 million from a year ago although higher net finance charges partially offset the plus point.
Alpha Energy off to brisk trot on Mustang's first oil
LOSS-making Alpha Energy Holdings has finally caught a break.
SIA Q2 net profit jumps 68% on better results from associates, JVs
SINGAPORE Airlines (SIA) on Tuesday posted a 68 per cent jump in net profit for the second quarter to S$94 million from S$56 million a year ago, owing to improvement in share of results from associates and joint ventures (JVs) which was partially offset by higher net finance charges.
Alpha Energy's Mustang oilfield hits first oil, say sources
ALPHA Energy Holdings, which was halted from trading on Tuesday, is set to announce that its Mustang oilfield project in Alaska’s North Slope has hit first oil production and sales to an oil major, according to sources.
Passage through Expedia
FOR Mark Okerstrom, chief of travel tech juggernaut Expedia, the Shakespeare-inspired phrase "the world is your oyster"- trite as it sounds these days - has a literal reach.
It's switch and save as SP powers up households with cheaper option
SP GROUP's market share may have contracted since Singapore opened the electricity market for 1.4 million households to pick among more than ten retailers but the national utility should not be off the table as a cheap(est) option for the thrifty.
Keong Hong buckles up as it rides construction roller-coaster
LESS is more, so goes a design maxim that espouses simplicity in style. It might also well be the guiding motto of Keong Hong Holdings, that three years ago climbed the ranks to Singapore Exchange's mainboard from Catalist and has survived several boom and bust cycles over the past 30 years.
Keppel faces shake-up with Temasek's bid for control
BARELY four months after a mammoth property merger led by Temasek Holdings was done and dusted by sector heavyweight CapitaLand, Singapore's state-owned investment firm is shaking things up again - with a surprise S$4 billion partial offer for Keppel Corp, another long-standing asset in its...
Keppel's Q3 profit falls 30% in absence of divestment gains
KEPPEL Corp's third quarter net profit fell 30 per cent to S$159 million from a restated S$227 million a year ago in the absence of a divestment gain and higher net interest expense that was partly offset by higher contributions from associated companies and property trading projects in China...
Keppel Corp posts 30% fall in Q3 net profit to S$159m
KEPPEL Corp's third-quarter net profit fell 30 per cent to S$159 million from a restated S$227 million a year ago, led by the absence of gains from divestment of a commercial development in Beijing and higher net interest expense.
Keppel Electric, Geneco, iSwitch top choices in power switch by consumers
OVER a year since Singapore opened its electricity market to some 1.4 million residential consumers and sparked a bruising competition among over 10 players, four out of 10 households have been convinced, switching over to a new electricity retailer and ditching incumbent SP Services.
Four out of 10 households in Singapore switched to new power retailer
FORTY per cent of Singapore households have flipped the switch off on electricity provider SP Services and tapped one of 12 electricity retailers to power up their homes as at end-August this year. That has helped shrink their power bills by 20-30 per cent, according to the latest update by the...
Pundits retain SGD's end-year forecast of 1.39-1.41 against greenback
ANALYSTS did not budge from end-year forecasts that the Singapore dollar could weaken to between 1.39 and 1.41 against the greenback and ruled out excessive currency swings after the Monetary Authority of Singapore (MAS) joined the easing party of global central banks on Monday amid an uneven...
Should Isetan have disclosed offer for its Wisma Atria stake?
ISETAN Singapore may be facing a testing time, like many traditional retailers, as a result of changing shopping habits and brutal online competition but that's no reason to be cagey with its shareholders.
Herd of bulls could push gold past US$1,600 per ounce
GOLD's ascent has been petering out lately, but a low-yield environment amid waning global macros, shaky geopolitics and rate-cut expectations in the US could give renewed oomph to the bullion rally and push the yellow metal past US$1,600 an ounce.
Sete Brasil settlement will enable Keppel, SembMarine to move on
SINGAPORE's giant rigbuilders Keppel Corp and Sembcorp Marine (SembMarine) are poised to put the pain arising from Brazil's corruption saga behind them after pulling off settlement deals on multi-billion dollar frozen rig jobs.
Spreading trade war, Dow dive spark Asia markets sell-off
THE overnight bloodbath on Wall Street triggered sell-offs in Asian equities on Thursday, unsettling markets already mired in poor global data, a spreading trade war, Brexit jitters and Washington's impeachment saga.
Spectre of Halloween haunts Singapore bourse
THE year-long gyrations in the Singapore bourse, similar to those seen in its regional peers, will culminate in an event-packed October with the on-going US-China trade spat, Brexit deadline, Hong Kong protests and political uncertainty in Washington adding more stress.
SGReit goes shopping for Isetan's share of Wisma Atria
YTL's Starhill Global Reit (SGReit) is done window-shopping: The manager of the Singapore-listed Reit has made a direct overture to acquire Isetan Singapore's share of Wisma Atria, a prime leasehold property smack in the heart of Orchard Road, says a source.
Nickel fires up on fears of supply deficit
NICKEL is hot. The base metal price rocketed to a five-year high a few days ago and while it has eased up a jot since, the market remains bullish about the metal that counts stainless steel as its primary end-market.
Yangzijiang's stock tumult: a primer for firms to respond swiftly, not recoil
TIMING is everything in the stock market - or so, it goes.
Singapore's palm-oil plays endure a sullen month
THE agri-plays on the Singapore bourse have lost some sheen this eventful month, with the chief culprits being operational headwinds - weak commodity prices and Indonesia's dry spell - and less so the recent move by the European Union (EU) to hit Indonesia, the world's top palm oil producer,...