Business News

Singapore stocks set for 4th straight weekly gain; Sembcorp Marine soars 8%

Shares in Sembcorp Marine jumped 8 percent following an upgrade by Nomura. Utilities and integrated services provider Sembcorp Industries jumped 5 percent amidst speculation about a spin-off in India.

Jan 19, 2018

By Aastha Agnihotri

Sembcorp Industries clarifies on reports of India unit IPO, stock climbs 4%

Shares in Singapore-based utility group Sembcorp Industries jumped as much as 4.3 percent to S$3.39 on Friday morning.

Jan 19, 2018

By Aastha Agnihotri

EMAS Offshore CEO leaves embattled firm

EMAS Offshore, which has been struggling since its parent Ezra Holdings filed for bankruptcy protection last year, said Chief Executive Officer Adarash Kumar has resigned.

Jan 19, 2018

By Aastha Agnihotri

Singapore Airlines rules out speculations of buying Virgin Australia

Singapore Airlines partners with LASALLE College as part of digital push

The Innovation Lab is expected to open around the middle of 2018.

Jan 19, 2018

By Aastha Agnihotri

Singapore Airlines, one of the least fuel efficient to fly the Pacific

Singapore Airlines (SIA) is one of the least fuel-efficient airline, according to an analysis of 20 major airlines operating nonstop passenger flights across the Pacific.

Jan 19, 2018

By Aastha Agnihotri

Malaysian immigration system sabotage: Five more immigration officers arrested

Malaysian Airlines' faulty engine forces emergency landing at Alice Springs

A Malaysian Airlines (MAS) flight from Sydney to Kuala Lumpur was diverted to a remote town in Australia's Northern Territory due to "technical reasons".

Jan 19, 2018

By Aastha Agnihotri

Keppel O&M in talks with Borr Drilling to offload six jack-ups for US$960 mln: report

Keppel Offshore & Marine is in talks with Oslo-listed Borr Drilling to offload six jack-up rigs to the Norwegian offshore drilling contractor.

Jan 19, 2018

By Aastha Agnihotri

Indian shares extend record gaining streak; ITC climbs 3%

The Indian rupee was trading marginally higher against the U.S. dollar, tracking positive equities

Jan 18, 2018

By Aastha Agnihotri

CapitaLand fourth quarter profits plunge 40%

Property developer CapitaLand eyes growth opportunities in China

Property developer CapitaLand on Thursday signed a memorandum of understanding (MoU) with the district government of Wuchang in China to develop a prime site in the region.

Jan 18, 2018

By Aastha Agnihotri

Singapore stocks fall for second day; OCBC, United Overseas Bank top losers

Singapore shares fell for a second session on Thursday after rising to their highest since December 2007 earlier in the session.

Jan 18, 2018

By Aastha Agnihotri

Singapore: Uber to start surge pricing for ComfortDelGro taxis from Jan 19

Ride hailing firm Uber on Thursday announced the surge pricing for all its ComfortDelGro taxis from January 19.

Jan 18, 2018

By Aastha Agnihotri

India's Sensex jumps 350 points to hit fresh record high, banks rally

Stocks in the U.S. closed higher overnight with the Dow ending above 26,000

Jan 18, 2018

By Aastha Agnihotri

Singapore-listed Aspen partners with LG Electronics to build smart city

Malaysian property developer Aspen Group signed a partnership with South Korea's LG Electronics to provide smart lifestyle solutions to its customers.

Jan 18, 2018

By Aastha Agnihotri

Is there hope for Singapore Press Holdings' media business?

While Singapore Press Holdings' media business continues to be weak, there are two things that spur hope for the segment: improving retail ad spends and the recent en bloc fever.

Jan 18, 2018

By Kiersnerr Gerwin Tacadena

Singapore stocks rise to 2007 highs; United Overseas Bank, DBS advance

Singapore shares rose as much as 0.5 percent to their highest since December 2007 on Thursday.

Jan 18, 2018

By Aastha Agnihotri

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