SIA Engineering announces deals involving investments in the Philippines

MAINBOARD-LISTED SIA Engineering Company has entered into two agreements with Cebu Air: one was to buy out the latter's interest in SIA Engineering Philippines Corporation (SIAEP) and the other to sell its stake in Aviation Partnership (Philippines) Corp (APP) to the budget airline.

SIA Engineering announces deals involving its investments in the Philippines

MAINBOARD-LISTED SIA Engineering Company has entered into two agreements with Cebu Air: one was to buy out the latter's interest in SIA Engineering Philippines Corporation (SIAEP), and the other to sell its stake in Aviation Partnership (Philippines) Corp (APP) to the budget airline.

One Asia Investment Partners' former managing director charged

A 41-year-old former chief investment officer and managing director of the now-defunct fund manager One Asia Investment Partners (OAIP) was on Thursday charged with two counts of engaging in acts that were likely to defraud investors of a fixed income fund.

Singaporean charged with acts that were likely to defraud fund investors

A 41-year-old man was charged on Thursday with two counts of engaging in acts that were likely to defraud investors of a fund.

Brokerages impose higher margins to prepare for volatility

SECURITIES brokerages are raising their margins for certain products trading as the drumbeats of the United States presidential election grow louder.

JLC Advisors' Jeffrey Ong charged with misappropriating S$17.5m from CW Group

JLC Advisors managing partner Jeffrey Ong Su Aun was charged on Tuesday with misappropriating S$17.5 million belonging to CW Group Holdings, which was delisted from the Hong Kong stock exchange earlier this month.

STOCKS

Singapore shares track Wall Street losses, with STI sliding 0.59%

THE Straits Times Index (STI) slid 0.59 per cent or 14.93 points on Tuesday to 2,528.64 points, tracking overnight Wall Street losses due to dwindling hopes for a US stimulus deal.

STI tracks Wall Street losses, down 0.59% at 2,528.64

THE Straits Times Index (STI) slid 0.59 per cent or 14.93 points on Tuesday to 2,528.64 points, tracking overnight Wall Street's losses due to dwindling hopes for a stimulus deal.

JLC Advisors' Jeffrey Ong faces 19 more charges involving S$17.5m linked to HK-listed firm

JLC Advisors' managing partner Jeffrey Ong Su Aun has allegedly misappropriated funds belonging to Hong Kong-listed company CW Group Holdings.

STOCKS

Most Asia markets up on optimism for new US stimulus package

SHANGHAI'S key index emerged as an outlier on Monday - it was among the rare few that ended in the red on a day when many of its counterparts, including Tokyo's benchmark Nikkei 225 and Singapore's Straits Times Index (STI), closed with gains.

STI starts week with gains of 0.42% at 2,543.57

SHANGHAI'S key index emerged as an outlier on Monday: it was among the rare few that ended in the red on a day many of its counterparts, including Tokyo's benchmark Nikkei 225 and Singapore's Straits Times Index (STI), closed with gains.

Swab tests for that overseas trip could cost more than the return plane ticket

THOSE planning a round trip to approved regional destinations will have to contend with Covid test costs that could exceed the price of an air ticket.

KrisEnergy seeks approval to convene scheme meeting and moratorium extension

DEBT-LADEN KrisEnergy has applied for permission to convene a meeting of the scheme creditors as well as an extension to its debt moratorium for two months, the upstream oil and gas company said in a regulatory filing on Friday.

Offer to delist SK Jewellery closes with 97.8% valid acceptances

THE voluntary cash offer for SK Jewellery Group closed on Oct 16, with the offeror receiving valid acceptances representing approximately 97.8 per cent of the total number of issued shares.

UnUsUaL expects net loss for H1 FY2021

UnUsUaL said it expects to report a net loss for the first half of its financial year to September, as it was hit by the impact of the pandemic.

KrisEnergy seeks permission to convene scheme meeting and moratorium extension

DEBT-LADEN KrisEnergy has applied for permission to convene a meeting of the scheme creditors as well as an extension to its debt moratorium for two months, the upstream oil and gas company said in a regulatory filing on Friday.

Goh Jin Hian resigns from New Silkroutes Group as chairman; finance director also quits

New Silkroutes Group announced that non-independent, non-executive chairman Goh Jin Hian and finance director Teo Thiam Chuan William have resigned.

VIRUS OUTBREAK: SUPPORTING TOURISM

Genting lines looking to hire Singaporeans as cruises restart

GENTING Cruise Lines is hiring over 100 Singaporeans as it restarts cruise services in Singapore, with positions open for all aspects of ship operations.

Keppel DC Reit to join STI on Monday

KEPPEL DC Reit (real estate investment trust) will become a component stock of the Straits Times Index (STI) on Oct 19, as another Reit - CapitaLand Commercial Trust (CCT) - leaves the STI in preparation for its merger with CapitaLand Mall Trust (CMT).

SIA's September cargo load factor improves on reduced capacity

SINGAPORE Airlines (SIA) continues to report strong cargo load factor for September as capacity contraction outpaced decline in cargo traffic.

Soilbuild Reit's Q3 DPU up 20% to 1.1 cents

SOILBUILD Business Space Reit (Soilbuild Reit) reported a 16.5 per cent increase in net property income to S$19.7 million for the third quarter to September.

Dream Cruises to hire over 100 Singaporeans to fill ship operations roles

GENTING Cruise Lines is hiring over 100 Singaporeans as it restarts cruise services in Singapore, with positions open for all aspects of ship operations.

SIA's September cargo load factor improves on reduced capacity

SINGAPORE Airlines (SIA) continues to report strong cargo load factor for September as capacity contraction outpaced decline in cargo traffic.

Keppel DC Reit to join STI on Monday

KEPPEL DC Reit (real estate investment trust) will become a component stock of the Straits Times Index (STI) on Oct 19, as another Reit CapitaLand Commercial Trust (CCT) leaves the STI in preparation for its merger with CapitaLand Mall Trust (CMT).

Tycoon Oei Hong Leong discontinues legal action against Raffles Education

RAFFLES Education Corp (REC) substantial shareholder Oei Hong Leong has discontinued his latest legal action against the company in relation to its plan to raise its stake in a Chinese property firm.