Business News

Singapore to cut off internet access for gov't workers from 2017

Keppel Data Centres partners with SGIX to boost Singapore's network connectivity

Keppel Data Centres on Monday announced a partnership with the Singapore Internet Exchange Ltd (SGIX) to enhance network connectivity in Singapore.

Nov 6, 2017

By Aastha Agnihotri

Singapore: Police arrest 6 men for selling counterfeit items, 45 fake gold bars seized

CNMC Goldmine starts trial production at Malaysia's Sokor gold field

Gold producer CNMC Goldmine Holdings on Monday said it completed the construction of its carbonin-leach (CIL) plant at its Sokor gold field in Kelantan, Malaysia.

Nov 6, 2017

By Aastha Agnihotri

Toast Box owner BreadTalk Q3 profit rises 22.2%

Food and beverage maker BreadTalk Group on Monday reported a 22.2 percent jump in third-quarter profit as the group continued its focus on profitable segments while exiting underperforming businesses.

Nov 6, 2017

By Aastha Agnihotri

Noble Group to report Sept-quarter results on Nov 9

Embattled commodity trader Noble Group on Monday said it would report its financial results for the nine months ended September 30 on November 9.

Nov 6, 2017

By Aastha Agnihotri

DBS Q3 profit falls on higher provisioning for bad energy loans

Singapore's biggest banking group, DBS, said its third-quarter net profit fell 23 percent on the back of increased provisioning for bad loans for the troubled oil and gas services sector.

Nov 6, 2017

By Aastha Agnihotri

Indian shares edge higher as lenders advance; SBI gains 3%

India shares ended higher on Friday, tracking gains in other Asian equities after the announcement of a new U.S. Federal Reserve chief.

Nov 3, 2017

By Aastha Agnihotri

Singapore "haze" crisis improves, returns to moderate range

Billionaire Peter Lim backed Rowsley swings to Q3 loss

Billionaire Peter Lim backed real estate services provider Rowsley on Friday swung to a third-quarter loss, owing to a $7.9 million fair value loss.

Nov 3, 2017

By Aastha Agnihotri

United Industrial Q3 profit climbs on higher property sales

Property developer United Industrial Corp on Friday said net profit jumped 49 percent in the third-quarter, helped in part by the higher revenue from property sale.

Nov 3, 2017

By Aastha Agnihotri

SIA engineering second-quarter net profit rises 7.3%

Aircraft maintenance firm SIA Engineering said net profit rose 7.3 percent in the second quarter, helped in part by the increased share of profits from associated and joint venture companies.

Nov 3, 2017

By Aastha Agnihotri

Singapore shares end little changed; mm2 Asia falls nearly 3%

Singapore stocks ended little changed on Friday, dragged lower by lenders such as United Overseas Bank on bad loans worries but gains in other Asian equities capped losses for domestic stocks.

Nov 3, 2017

By Aastha Agnihotri

Singapore boosts investments in artificial intelligence to drive growth

Singapore will launch a series of artificial intelligence (AI) initiatives to drive the adoption of frontier technologies for the desired economic impetus, the city-state's communications minister said on Friday.

Nov 3, 2017

By Aastha Agnihotri

Artificial intelligence

Indian shares rally as new Fed pick calms investors

India shares edged higher on Friday, tracking gains in other Asian equities after the announcement of a new U.S. Federal Reserve chief.

Nov 3, 2017

By Aastha Agnihotri

Singapore police looking into Goldman's role in 1MDB scandal: report

Singapore police is examining Goldman Sachs Group Inc.'s relationship with the Malaysian state investment fund at the center of global money laundering probes, Bloomberg reported on Friday.

Nov 3, 2017

By Aastha Agnihotri

SGX extend losses; UOB falls as bad loans offset upbeat profits

Singapore stocks fell for a second session on Friday, dragged lower by lenders such as United Overseas Bank after Singapore's smallest listed bank reported new nonperforming assets in the third quarter.

Nov 3, 2017

By Aastha Agnihotri

All about Jerome Powell: The richest new U.S. Fed Governor

U.S. President Donald Trump on Thursday announced Federal Reserve board member Jerome Powell as his nominee for the next chair of the Federal Reserve.

Nov 3, 2017

By Aastha Agnihotri

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