Business News

ThaiBev requests trading halt as unit registers to bid for Sabeco stake

Brewing group Thai Beverage on Monday requested for a trading halt after its confirmed registering a formal bid for Vietnam's biggest brewer Sabeco.

Dec 18, 2017

By Aastha Agnihotri

CapitaLand's Ascott forays into Africa after a record year of growth

CapitaLand's serviced residence business unit, The Ascott on Monday announced its foray into Africa.

Dec 18, 2017

By Aastha Agnihotri

Olam International Q1 net profit surges more than 200 percent

Olam sells part of its stake in Indonesian sugar refinery for US$100 mln

Singapore-listed commodities trader Olam announced a strategic partnership with Mitr Phol Sugar, Asia's largest sugar producer.

Dec 18, 2017

By Aastha Agnihotri

Indian shares advance led by banks after Gujarat exit poll results

Indian stocks jumped on Friday after exit polls predicted victory of Prime Minister Narendra Modi's Bharatiya Janata Party in Gujarat and Himachal Pradesh.

Dec 15, 2017

By Aastha Agnihotri

Noble shareholders approve sale of Americas-focused oil business to Vitol

Noble Group on Friday said its shareholders approved the company's pending sale of its North American oil business to Vitol U.S. Holdings about $580 million.

Dec 15, 2017

By Aastha Agnihotri

Singapore stocks end week on negative note as banks fall

Singapore shares fell for a second session on Friday, with financials such as United Overseas Bank and DBS Group accounting for most of the losses.

Dec 15, 2017

By Aastha Agnihotri

Singapore second best innovation destination after Silicon Valley: research

Singapore has emerged as the second-biggest innovation destination after Silicon Valley this year as more companies set up hubs in the city-state.

Dec 15, 2017

By Aastha Agnihotri

Noble Group looks to raise $2.5 billion to refinance debt

Noble Group chairman expects creditors' proposal soon on debt restructuring: report

Embattled commodities trader Noble Group expects to soon receive a proposal from creditors on its debt restructuring, Reuters reported on Friday.

Dec 15, 2017

By Aastha Agnihotri

Indian shares rally as exit polls project BJP win in crucial assembly elections

Indian stocks jumped on Friday after exit polls predicted victory of Prime Minister Narendra Modi's Bharatiya Janata Party in Gujarat and Himachal Pradesh.

Dec 15, 2017

By Aastha Agnihotri

Singapore stocks fall along with Asia; DBS, UOB drop

Singapore shares fell for a second session on Friday, with financials such as United Overseas Bank and DBS Group accounting for most of the losses.

Dec 15, 2017

By Aastha Agnihotri

MAS tightens borrowing rules for heavily indebted Singaporeans

The Monetary Authority of Singapore (MAS) on Friday said it would tighten borrowing rules for Singaporeans heavily in debt from January 1.

Dec 15, 2017

By Aastha Agnihotri

BUZZING STOCK: TMC Education soars 75% on takeover offer from Singapore property tycoon

Shares in TMC Education jumped as much as 75 percent to seven Singapore cents on Friday after the trading resumed.

Dec 15, 2017

By Aastha Agnihotri

Singapore Airlines, SilkAir to charge for advance seat selection in 'Lite' economy class

Singapore Airlines and SilkAir will be introducing a new airfare pricing structure next month, with revisions to advance seat selection, frequent flyer, baggage allowance, among others.

Dec 15, 2017

By Aastha Agnihotri

KTL Global gets notice from MAS over ongoing probe

KTL Global said it got a notice from the Monetary Authority of Singapore (MAS) regarding an investigation into an offence under the Securities and Futures Act.

Dec 15, 2017

By Aastha Agnihotri

Oxley ramps up acquisition spree; buys Chevron House, Vista Park for over S$1 bln

Real estate developer Oxley Holdings on Thursday said its unit won the tender for the purchase of Vista Park in South Buona Vista Road at S$418 million.

Dec 15, 2017

By Aastha Agnihotri

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