The Pines owner had no intention of informing members of site's sale: Plaintiffs

THE lawyers for the plaintiffs in the suit by members of The Pines on Thursday tried to show that motoring tycoon Peter Kwee's company Exklusiv Resorts had no intention to inform members of The Pines that property developer Oxley Holdings had kick-started the process to purchase the premises at...

Sabana Reit sheds new light on ID's dealings with ESR group

SABANA Reit offered new information last Sunday about its independent director Ng Shin Ein's dealings with ESR group in 2018 and 2019.

Plaintiffs' lawyer questions Exklusiv's intention of telling members about club sale

LAWYERS representing disgruntled members of The Pines club tried on Thursday to show that motoring tycoon Peter Kwee's company Exklusiv Resorts had no intention of informing club members that property developer Oxley Holdings had in March 2013 already begun the process of buying over...

Pines' case rests on whether club owner has right to amend the club's rules, says court

WHETHER some 162 unhappy members of The Pines, a country club, can successfully claim damages from the club owner will depend on whether the court is persuaded that the club owner, Exklusiv Resorts, has a right to amend the rules as it sees fit - including changing the location of the clubhouse...

STOCKS

STI tracks Wall Street to gain 1.3%

THE Straits Times Index (STI) gained 36.01 points or 1.3 per cent to 2,813.01 on Friday, on the back of a modest rebound by US stocks overnight that was led by tech stocks.

STI tracks Wall Street to gain 1.3%, sealing 3.7% gain over the week

THE Straits Times Index (STI) gained 36.01 points or 1.3 per cent to 2,813.01 on Friday, on the back of a modest overnight rebound by US stocks that was led by tech stocks.

STOCKS

STI slips 0.4% as vaccine fever cools

THE Straits Times Index (STI) fell 11.59 points or 0.42 per cent to 2,777 on Thursday, in what IG senior market strategist Pan Jingyi described as "some cooling of the vaccine enthusiasm".

STI slips 0.4% as vaccine fever cools

THE Straits Times Index (STI) fell 11.59 points or 0.42 per cent to 2,777 on Thursday, in what IG senior market strategist Pan Jingyi described as "some cooling of the vaccine enthusiasm".

STOCKS

STI up for third straight session on economic recovery hopes

IT WAS a third consecutive day of trading gains for the Singapore benchmark Straits Times Index (STI) which kept up its momentum, adding 10.04 points or 0.36 per cent to 2,788.59. This was despite the retreat of US stocks on Tuesday. Gainers outnumbered losers 243 to 199, while some 2.1 billion...

STI up for third straight session on Singapore's economic recovery hopes

IT WAS a third consecutive day of trading gains for the Singapore benchmark Straits Times Index (STI), which kept up its momentum, adding 10.04 points or 0.36 per cent to 2,788.59. This was despite the retreat of US stocks on Tuesday.

STOCKS

Vaccine optimism lifts Singapore market again

THE Straits Times Index (STI) continued its ascent on Tuesday, following on the heels of Wall Street where the S&P 500 hit a record high overnight, as well as positive sentiment on the early success of Moderna's vaccine results.

HOCK LOCK SIEW

Time for Hyflux's PnP holders to move on as firm enters judicial management

FROM the get-go, the restructuring of Hyflux had placed special attention on the 34,000 perpetual and preference share (PnP) holders.

STI leads region with 1.1% rise on back of vaccine optimism

THE Straits Times Index (STI) continued its ascent on Tuesday, following on the heels of Wall Street, where the S&P hit a record high overnight, as well as positive sentiment on the early success of Moderna's vaccine results.

MEGA TRADE DEAL

Auto, tech stocks drive Asian markets' rally after RCEP pact

NEWS of a trade pact formed between China and 14 other Asia-Pacific countries lifted Asian markets on Monday, which were also driven further along by positive news on the vaccine development front.

STOCKS

Asian indices up on Monday on RCEP deal; STI finishes 1.4% higher

NEWS of the freshly inked Regional Comprehensive Economic Partnership (RCEP) deal, a mega free trade pact backed by China that involves 14 other Asia-Pacific countries including Singapore, gave a boost to Asian stock markets - Singapore's as well - on Monday.

Businessman makes offer for Blumont at 80% discount

BUSINESSMAN Mark Wee Liang Yee has triggered a mandatory unconditional cash offer to buy out Blumont Group after acquiring from Ultimate Horizon a 50.8 per cent stake in the company.

Jumbo expects to post net loss in FY20; results due out by Nov 29

SEAFOOD restaurant group Jumbo Group on Monday said that it expects to report a net loss for FY20, following a preliminary review of its financial results for the fiscal year ended Sept 30, 2020.

Businessman Mark Wee makes offer for Blumont at 80% discount

BUSINESSMAN Mark Wee Liang Yee has triggered a mandatory unconditional cash offer to buy out Blumont Group after acquiring from Ultimate Horizon a 50.8 per cent stake in the company.

Asian indices up on Monday on RCEP deal; STI finishes 1.4% higher

NEWS of the freshly inked Regional Comprehensive Economic Partnership (RCEP) deal, a mega free trade pact backed by China that involves 14 other Asia-Pacific countries including Singapore, lent a boost to Asian stock markets - Singapore's as well - on Monday.

Lower investment income, weaker hospitality drag down OUE's Q3 revenue

PROPERTY developer OUE on Friday posted a 52.5 per cent drop in third-quarter revenue to S$134.2 million, due to lower contribution from its investment properties, on the back of rental rebates extended to tenants on a targeted basis.

Capex deferral sends Silverlake Axis' Q1 net profit down 30%

A DEFERRAL of big-ticket projects and deals because of Covid-19 has dealt a blow to software company Silverlake Axis's first-quarter results.

HYFLUX SAGA

Hyflux backs Strategic Growth Investments' rescue deal

THREE days before the Hyflux judicial management order application is due to be heard in Court, the water treatment firm on Friday evening shared in-depth details of Strategic Growth Investments' (SGI) term sheet, and backed its proposal, calling it "comprehensive" and saying it "appears to...

Hyflux shows support for SGI's rescue deal

THREE days before the Hyflux judicial management order application is due to be heard in Court, the water-treatment firm on Friday evening shared in-depth details of the term sheet of Strategic Growth Investments (SGI), and backed its proposal, calling it "comprehensive" and saying it "appears...

Capex deferral sends Silverlake Axis' Q1 net profit down 30%

A DEFERRAL of big-ticket projects and deals because of Covid-19 have dealt a blow to software company Silverlake Axis's first-quarter results.

Cortina's H1 sales and earnings take a hit from Covid-19

LUXURY watch retailer Cortina Holdings on Friday posted lower sales and earnings for its half year ended Sept 30, as its business took a hit from Covid-19.