URA launches tender for Tanah Merah Kechil Link site

A LAND parcel at Tanah Merah Kechil Link, slated for residential with commercial use on the first storey, is now up for sale by public tender.

More than S$50m to be paid out under enhanced Work-Life Grant (Covid-19)

MORE than S$50 million will be disbursed to help companies implement flexible work arrangements amid the Covid-19 pandemic, the Ministry of Manpower (MOM) said in a press statement on Thursday. 

URA launches tender for Tanah Merah Kechil Link site

A LAND parcel at Tanah Merah Kechil Link, slated for residential with commercial use on the first storey, is now up for sale by public tender. 

Singtel Q4 profit falls 25.7% to S$574m

SINGAPORE Telecommunications (Singtel) posted a 25.7 per cent drop in net profit to S$574.4 million for its fourth quarter ended March 31, 2020 from S$773 million a year ago.

PropertyGuru launches new feature allowing 360-degree walk-through of units

SOUTH-EAST Asian real estate portal PropertyGuru on Wednesday said it has launched a new digital feature allowing a 360-degree walk-through of a project, its units and the surrounding cityscape.

Fintech startup GoBear raises US$17m in funding

FINANCIAL services platform GoBear on Wednesday said it has raised US$17 million from Dutch venture capital firm Walvis Participaties, as well as Aegon NV, a provider of life insurance, pensions and asset management.

Singapore stocks open muted on Wednesday; STI up 0.01% 

SINGAPORE shares entered Wednesday’s morning session barely moved, with the Straits Times Index gaining 0.21 point or 0.01 per cent to 2,530.51 as at 9.01am. 

Stocks to watch: China Sunsine Chemical, DLF Holdings, Sapphire Corp, DBS, OCBC

THE following companies saw new developments that may affect trading of their shares on Wednesday:

Klook turns focus to domestic offerings, launches Klook Home amid Covid-19

TRAVEL booking startup Klook on Monday announced the launch of its new home-based experiences initiative Klook Home, as it directs its focus towards domestic offerings to combat the impact of the Covid-19 pandemic on...

CapitaLand to launch e-commerce, online food ordering platform

CAPITALAND on Friday said it will be launching an e-commerce platform eCapitaMall as well as an online food ordering platform Capita3Eats to complement the sales of its shopping malls in Singapore.

Broker's take: UOB Kay Hian issues 'trading buy' call on SPH based on technical analysis

UOB Kay Hian on Friday issued a "trading buy" call on Singapore Press Holdings (SPH), along with a target price of S$1.76, according to its technical analysis of the counter.

Singapore shares decline at Friday's open tracking Wall St retreat; STI down 1%

SINGAPORE shares pulled back at Friday's open as worries over renewed Sino-US trade tensions weighed on sentiment. 

First Resources Q1 net profit soars 80.9% to US$22.2m

INDONESIAN palm oil producer First Resources saw an 80.9 per cent surge in net profit to US$22.2 million for its first quarter ended March 31, from US$12.3 million a year ago. 

CapitaLand to launch e-commerce, online food ordering platform

CAPITALAND on Friday said it will be launching an e-commerce platform eCapitaMall, as well as an online food ordering platform Capita3Eats to complement the sales of its shopping malls in Singapore. 

SPH speeds up integration of student housing business, rebranding assets for UK varsity reopening

SINGAPORE Press Holdings (SPH) on Thursday said it is speeding up the process of integrating its purpose-built student accommodation operations and rebranding certain "high-quality" assets, in preparation for the reopening of universities in the UK.

HC Surgical says investor Vanda 1 gave no reason for early redemption of bonds

HC Surgical Specialists on Wednesday said that Vanda 1 Investments, managed by Temasek's Heliconia Capital Management, had requested the early redemption of a S$5 million convertible bond on "amicable grounds" and that no specific reason was provided by the investor.

Broker's take: UOB Kay Hian raises SPH target price, cites potential unlocking of value from assets

UOB Kay Hian on Thursday raised its target price on Singapore Press Holdings (SPH) to S$1.52 from S$1.50 previously, citing that the media and property group looks set to "unlock value" from its non-core assets, including its property at Genting Lane.

HC Surgical: Vanda 1 asked for early redemption of S$5m bond on 'amicable grounds'

HC Surgical Specialists on Wednesday said that Vanda 1 Investments, managed by Temasek's Heliconia Capital Management, had requested the early redemption of a S$5 million convertible bond on "amicable grounds" and that no specific reason was provided by the investor. 

Maybank Kim Eng stays positive on S-Reits in 'conservation mode'

MAYBANK Kim Eng (Maybank KE) has maintained its positive outlook on Singapore real estate investment trusts (S-Reits) that are now focusing on capital retention, with a sector bias towards industrial Reits and US office S-Reits.

Three freehold shophouses in Lavender, Tiong Bahru up for sale

THREE freehold shophouses in Lavender and Tiong Bahru have been put on the market, sole marketing agent PropNex announced on Tuesday. 

Stocks to watch: Suntec Reit, SPH, Ho Bee Land, Oxley, UG Healthcare

THE following companies saw new developments that may affect trading of their shares on Wednesday:

Training centre space at Paya Lebar Square up for sale at S$6.1m

A TRAINING centre space in Paya Lebar Square has been placed on the market by private treaty with an asking price of S$6.1 million, Knight Frank Singapore said on Tuesday.

Singapore shares advance at Tuesday's open after Wall Street surge; STI up 2%

SINGAPORE shares opened stronger on Tuesday in line with other Asian markets. This comes as Wall Street made strong gains overnight, on hopes of a Covid-19 vaccine and as investors took heart that the gradual easing of lockdowns in Europe would stimulate economic growth.

Singtel to recognise its share of Airtel's provision at S$357m

SINGTEL on Tuesday said it will recognise its share of Bharti Airtel's provision for a one-time spectrum charge at S$357 million, or S$232 million on a post-tax basis.

Jump in pharma exports lifts Singapore NODX in April

ECONOMISTS appear mixed on how Singapore's exports will continue to perform in the coming months, even though April's data posted a third straight month of expansion thanks to a surge in pharmaceuticals amid the pandemic.