Keppel unveils 10-year roadmap, to focus on 4 units

SINGAPORE conglomerate Keppel Corp has unveiled a 10-year roadmap that sharpens the lens on four key segments from offshore & marine to property and grow the units as an integrated business with an eye on M&A plus divestments of selected assets.

Keppel Corp unveils 10-year roadmap with focus on four key segments

SINGAPORE conglomerate Keppel Corp has unveiled a 10-year roadmap that sharpens its focus on four key segments and on growing the units as an integrated business, with an eye on mergers and acquisitions and divestments of selected assets.

VIRUS OUTBREAK: BT EXCLUSIVE

Singapore-listed healthcare firms stay pat on long-term plans amid pandemic pains

AS Singapore's hardy healthcare firms are beset by evaporating medical tourism and waning patient volumes amid border closures and the circuit breaker, most are banking on a diversified portfolio and virtual services to tide them over.

STOCKS

STI, Asian bourses in the red on HK security law jitters

SINGAPORE shares closed sharply lower as sentiments across the region were hit by worries of a deepening US-China rift, with Beijing set to enact a controversial national security law on Hong Kong.

Singapore shares close sharply lower by 2.2%

SINGAPORE shares closed sharply lower as sentiments across the region were hit by worries of a deepening US-China rift, and as Beijing got set to enact a controversial national security law on Hong Kong.

STOCKS

STI falls 0.3% as rising US-China tension worsens

SINGAPORE shares closed lower on Thursday over escalating US-China spat and downbeat data. The Straits Times Index closed marginally lower by 6.60 points or 0.26 per cent to 2,555.34.

Singapore shares close marginally lower

SINGAPORE shares closed lower on Thursday against the backdrop of the escalating US-China spat - the markets have been here before with tensions between the two super powers -  and downbeat data.

STOCKS

Singapore shares fall as vaccine hopes fizzle

SINGAPORE shares closed lower on Wednesday, snapping a three-day straight win as the vaccine-led rally got a much-needed reality check.

Singapore shares fall 0.8%

SINGAPORE shares closed lower on Wednesday, snapping a three-day winning streak as the vaccine-led rally got a much-needed reality check.

STOCKS

STI extends gains, up 42 points on Wall Street rally, vaccine hope

THE Singapore bourse continued to trade on an optimistic path as sentiments were lifted by vaccine hopes and Wall Street's overnight rally.

Singapore shares close 1.7% higher

THE Singapore bourse continued to trade on an optimistic path on Tuesday, with sentiments lifted by vaccine hopes and Wall Street’s overnight rally. 

HOCK LOCK SIEW

Amid lingering uncertainty, Genting Singapore is a long-term bet

IF "ugly" had a face for casino and leisure giant Genting Singapore, it could well be S$0.51 - the 11-year low the blue chip had plumbed to around mid-March on anxiety over the impact of Covid-19 on its flagship Resorts World Sentosa (RWS) - one of the city-state's two integrated resorts (IR)...

STOCKS

STI rises 0.6% on positive data, easing of lockdown measures

SINGAPORE shares began the week on a positive note, buoyed by encouraging domestic data and as major economies started to gradually unwind full lockdown measures.

Singapore stocks close 0.6% higher

SINGAPORE shares began the week on a positive note, buoyed by encouraging domestic data and as major economies started to gradually unwind last month’s full lockdown measures.

OIL SHOCK

WTI June futures in spotlight after US crude's crash

ANXIETY over inadequate oil storage that led to a historic crash in US crude West Texas Intermediate (WTI) last month has yet to ease but experts reckon that there is no need to brace for a renewed carnage in the lead-up to next week's expiry of WTI June futures.

Hin Leong's Ocean Tankers granted interim JM

FOLLOWING in the footsteps of its troubled sister company Hin Leong Trading (HLT), Ocean Tankers Pte Ltd - Singapore's largest tanker operator - was granted interim judicial management (IJM) by the High Court on Tuesday.

Troubled Hin Leong's Ocean Tankers granted interim judicial management

SINGAPORE’s largest oil tanker operator Ocean Tankers Pte Ltd, part of the troubled Hin Leong empire, was granted interim judicial management (IJM) by the Singapore High Court on Tuesday.

TOPLINE

Healthcare giant IHH remains in good health despite pandemic

THE going must be tough for healthcare heavyweight IHH Healthcare as it faces the triple blow of withering medical tourism (once a sweet spot), overcapacity and lower volumes as many put off non-urgent treatments given travel bans and lockdowns to curb the Covid-19 pandemic.

Keppel's Q1 profit falls 21% on absence of divestment gain

KEPPEL Corp posted a 20.9 per cent drop in quarterly net profit to S$160.5 million from a year earlier, mainly due to the absence of gain from the partial divestment of a Vietnam township project that had boosted profit previously.

OIL CHAOS

Hin Leong Trading gets shot at rescue with successful JM bid

DELUGED by fast-and-furious claims from lenders and clients, distressed Hin Leong Trading (HLT) pressed the case for - and was granted - an interim judicial management (IJM) order by Singapore's High Court in a virtual hearing that lasted over three hours on Monday.

High Court grants troubled Hin Leong interim judicial management

HAMMERED by a US$4 billion debt pile and an ongoing probe by Singapore's white-collar crime buster, the city-state's largest oil trader Hin Leong Trading (HLT) was granted interim judicial management on Monday by the High Court.

BT EXCLUSIVE: HIN LEONG COLLAPSE

Energy giants Vitol, Sinopec eye Hin Leong's oil storage terminal

AS Singapore's Hin Leong grapples with a debt fallout of nearly US$4 billion and a police probe into the company, its oil storage terminal on Jurong Island that is the size of 60 standard football fields is fast becoming a coveted asset.

OIL CHAOS

Hin Leong files for JM; SCI acts to safeguard gasoil at HL unit

PRESSED for time as it grapples with a debt pile of US$4 billion, Singapore's giant oil trader Hin Leong Trading (HLT) has pulled out its application to the court for a debt moratorium and decided instead to go down the judicial management path, according to sources.

Debt-hit Hin Leong Trading files for JM

PRESSED for time as it grapples with a debt pile of US$4 billion, Singapore’s giant oil trader Hin Leong Trading (HLT) has pulled out its application to the court for a debt moratorium, and decided instead to go down the judicial management path, sources told The Business Times.

OIL CHAOS

Hin Leong collapse: No serious sectoral impact; firm faces police probe

OIL trading giant Hin Leong Trading's (HLT) debt woes will have "no serious impact" on Singapore's oil trading and bunkering sectors, with the banking system remaining sound, said three government agencies in a joint statement on Tuesday night.