Business News

SembCorp industries posts 56% drop in third quarter profits

SembMarine eyes S$665.8 mln contract from Norwegian oil major Statoil

Sembcorp Marine on Friday said its unit Sembcorp Marine Rigs & Floaters has signed a letter of intent with Norwegian oil and gas company Statoil for an engineering, procurement and construction contract estimated at US$490 million (S$665.8 million).

Nov 10, 2017

By Aastha Agnihotri

Noble Group plunges 11% in heavy trading as liquidity worsens

Shares in Noble Group fell as much as 11 percent to S$0.24 on Friday after the embattled commodity trader reported a third-quarter loss of $1.17 billion and warned that the operating environment remains challenging.

Nov 10, 2017

By Aastha Agnihotri

5 things you need to know Yangzijiang Shipbuilding results

China-based Yangzijiang Shipbuilding posted a 208 percent jump in third-quarter profit, sending its shares up as much as 5 percent.

Nov 10, 2017

By Aastha Agnihotri

GLP second-quarter results: All you need to know

Warehouse operator Global Logistic Properties (GLP), which got acquired by a Chinese consortium earlier this year, reported a 34 percent jump in second-quarter profit.

Nov 10, 2017

By Aastha Agnihotri

Active Voice:Is doing business in India really easier now?

India witnessed its highest-ever jump of 30 places in the rankings, reaching the 100th place among 190 countries.

Nov 9, 2017

By IANS

Indian to set up more currency recycles, instead of plain ATMs

According to Reserve Bank of India (RBI), the total number of ATMs installed by banks in the country stood at 2,07,211 at the end of September as against 2,04,062 machines to the same month in 2016.

Nov 9, 2017

By IANS

India shares edge higher; Tata Motors Q2 profit jumps three-fold

India shares rises high on Thursday after a two-day selloff, along with distinctly visible profits in other regional markets.

Nov 9, 2017

By Aastha Agnihotri

Singapore's Fragrance Group posts 30% jump in third-quarter profit

Property developer Fragrance Group on Thursday reported a 30 percent increase in net profit for the third quarter, boosted by increased contribution from its property development segment.

Nov 9, 2017

By Aastha Agnihotri

India braces for the upcoming Diwali celebration (PICTURES)

Active Voice: Is doing business in India really easier now?

India has shown a drastic improvement of 4.71 points over the last year from 56.05 to 60.76 compared to China which has witnessed an increase of 0.40 points.

Nov 9, 2017

By IANS

Noble Group looks to raise $2.5 billion to refinance debt

Noble Group posts US$1.2 bln loss in Sept-quarter

Embattled commodity trader Noble Group on Thursday reported a quarterly loss that was in line with the range warned of last month.

Nov 9, 2017

By Aastha Agnihotri

Singapore stocks drift higher; Noble earnings in focus

Singapore stocks edged slightly higher on Thursday as investors paused after the index jumped to more than a two-year high in the previous session.

Nov 9, 2017

By Aastha Agnihotri

Keppel-KBS U.S. REIT gains 2% in trading debut on SGX

Shares in Keppel-KBS U.S. commercial real estate investment trust (REIT) rose as much as 1.7 percent to US$0.895 in trading debut on Thursday.

Nov 9, 2017

By Aastha Agnihotri

Indian shares snap 2-day fall; Tata Motors earnings in focus

India shares edged higher on Thursday after a two-day selloff, tracking gains in other regional markets.

Nov 9, 2017

By Aastha Agnihotri

Singapore: OCBC alerts public on rising phone scams impersonating the bank

Ex-OCBC banker charged with forging loans worth S$8 mln

Paul Liew Ziguang, a former mortgage specialist at OCBC Bank, was charged with forging loans amounting to S$8 million on Thursday.

Nov 9, 2017

By Aastha Agnihotri

SGX retreats from over 2-year high; Singtel falls despite Q2 profit surge

Singapore stocks fell on Thursday as investors paused after the index jumped to more than a two-year high in the previous session.

Nov 9, 2017

By Aastha Agnihotri

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