S-Reits may gain if China citizens allowed to invest in securities abroad
SINGAPORE'S real estate investment trusts (S-Reits) could benefit if China changes its rules to allow its citizens to invest in overseas equities.
MC Payment aims to provide convenience, scalability to businesses
FOR digital payments services firm MC Payment, its goal is to become a leading digital payments player in South-east Asia. And in doing so, it hopes to help small- and medium-sized enterprises (SMEs) scale up.
Propped up by government support last year, construction sector could see more exits in 2021
AS government relief measures taper off, more exits can be expected in Singapore's construction sector - a sector that was hit hard by the Covid-19 pandemic but where the worst of the impact may not yet be reflected.
High steel prices could hit construction industry
ON its own, the global steel price rally in recent months may not have much impact on the profit margins of those in the built environment sector. But it is another significant headwind that they face in their operations, industry observers said.
Built environment sector anticipating greater digitalisation and collaboration
TO ENABLE the built environment sector to transform as a whole, not only does digitalisation need to take place, but changes in the way that players collaborate and how contracts are tendered should also happen, said industry experts.
SembMarine could derive value from buying Keppel assets
SEMBCORP Marine (SembMarine) has a "margin problem" that could be solved with an acquisition of Keppel Corp's offshore rig business, some market watchers said. If a deal is structured right, SembMarine could gain the economies of scale it needs to compete.
SPH pays tribute to newspaper vendors
A DAY after the "circuit breaker" was announced in April last year, Selvarani Chidambaram received a phone call from her husband just after four in the morning. On the other end of the line, Ms Selvarani's husband was panicking.
Far East Orchard expects to post net loss for FY2020
FAR East Orchard on Thursday announced that it expects to report a net loss for FY2020 as the "prolonged" Covid-19 pandemic continued to hamper its business, following a review of its unaudited financial results.
Frasers Property proposes 37-for-100 rights issue at S$1.18 per share
FRASERS Property has proposed to undertake a renounceable non-underwritten rights issue on the basis of 37 rights shares for every 100 existing shares, at an issue price of S$1.18 for each rights share.
Singtel sees fall in Q3 earnings, logs revenue recovery for second straight quarter
SINGAPORE Telecommunications (Singtel) posted a fall in its operating revenue and earnings before interest, tax, depreciation and amortisation (Ebitda) for its third quarter ended Dec 31, 2020.
No Signboard sinks further into the red with 39% fall in net loss for Q1
CATALIST-LISTED restaurant group No Signboard Holdings sank further into the red in its first quarter of FY2021, as it posted a net loss of S$1.68 million, a 38.6 per cent decrease from the year-ago period.
SBS Transit posts 2.9% decline in FY2020 net profit to S$79m
TRANSPORT operator SBS Transit on Tuesday posted a full-year net profit of S$78.96 million, down 2.9 per cent from the previous year.
Tighter border measures for travellers on Business Travel Pass scheme
THE multi-ministry task force on Tuesday announced that Singapore will be tightening border measures for travellers from Vietnam as well as those on the Business Travel Pass (BTP) scheme. Meanwhile, border measures for travellers from New South Wales (NSW), Australia, will be adjusted, given the...
Singapore Press Holdings modernises wireless networks to support 4,000 employees daily
AS part of its active digital transformational efforts, Singapore Press Holdings (SPH) is modernising its wireless networks to support 4,000 employees daily, and has chosen Aruba - a Hewlett Packard Enterprise company - to help with its efforts.
Singapore Airlines revises aircraft delivery schedule with Airbus and Boeing
SINGAPORE Airlines (SIA) on Tuesday said it has reached agreements with Airbus and Boeing to revise its aircraft-delivery schedule.
KS Energy's judicial managers receive approval to wind up KS Drilling
THE judicial managers (JMs) of KS Energy have received approval from creditors to take the necessary steps to dispose of the assets of KS Drilling, as well as to discharge themselves and wind up KS Drilling after the satisfactory disposal of its assets, the company said in a bourse filing on...
Yangzijiang gets new orders for 29 vessels worth US$1.3 billion
YANGZIJIANG Shipbuilding on Monday announced that it had recently secured agreements to build and deliver 29 vessels with a total contract value of US$1.3 billion. This includes orders from the group's joint venture arm, Yangzi-Mitsui Shipbuilding Co (YAMIC).
Golden Energy and Resources appoints new CEO
INTERNATIONAL coal mining and trading company Golden Energy and Resources (Gear) on Monday announced that its deputy group chief executive Dwi Prasetyo Suseno has been promoted to group chief executive.
Challenger posts 32% rise in FY2020 net profit to S$23m
CONSUMER electronics retailer Challenger Technologies posted a net profit of S$23.2 million for its financial year ended Dec 31, 2020, in results announced Monday. This indicates a 32 per cent increase from the year-ago period.
Thomson Medical reverses loss to post net profit of S$8.1m in H1 FY21
THOMSON Medical Group on Monday posted a net profit of S$8.1 million for its first half ended Dec 31, 2020 - a reversal from its loss of S$1.9 million in the year-ago period.
Hutchison Port Holdings Trust's H2 DPU rises 79% to 7.70 HK cents
HUTCHISON Port Holdings Trust (HPHT) has posted a distribution per unit (DPU) of 7.70 HK cents (1.3 Singapore cents) for its second half ended Dec 31, 2020, up 79 per cent from 4.30 HK cents in its first half ended June 30, 2020.
Vicom posts 14% fall in FY2020 net profit to S$24.5 million
MAINBOARD-LISTED vehicle inspection company Vicom, a subsidiary of transport operator ComfortDelGro, reported a 13.8 per cent fall in its full-year earnings from the year-ago period to S$24.5 million.
Singapore’s fourth desalination plant underscores Keppel’s Vision 2030
THE development of Singapore’s fourth desalination plant, the Keppel Marina East Desalination Plant (KMEDP), underscores the Keppel group’s new direction to pivot to sustainable solutions.
Higher volatility, liquidity draw younger investors into CFDs
TRADING in contracts for difference (CFDs) is on the rise in Singapore, with increased interest from a new crop of younger investors. Higher market volatility, greater liquidity and wider availability of information are also drivers of the trend, said market players.
CapitaLand China Trust reports 30.2% lower H2 DPU of 3.33 S cents
GIVEN that CapitaLand China Trust’s (CLCT) portfolio is "quite exposed" to the northern part of China - which has seen a resurgence in Covid-19 cases, Tan Tze Wooi, chief executive of the manager, said sentiment for CLCT remains "cautious".