Business News

Singapore's DBS unveils world's largest banking API platform

Singapore's largest lender DBS Bank on Thursday launched the world's largest banking application programming interface (API) developer platform.

Nov 2, 2017

By Aastha Agnihotri

Swiber Holdings eyes power sector foray with Interlink deal

Singapore-based Swiber Holdings, which is under judicial management since October 2016, on Thursday inked a term sheet for proposed deal to pave entry into power sector.

Nov 2, 2017

By Aastha Agnihotri

Oxley Holdings boosts dividend after sevenfold jump in Q1 profit

Property developer Oxley Holdings said it would pay dividends of at least 25 percent of the group's consolidated profit after tax for fiscal 2018 and 2019.

Nov 2, 2017

By Aastha Agnihotri

Singapore: Sales of new private homes rises in July

Frasers Logistics & Industrial Trust Q4 DPU beats forecast

Frasers Logistics & Industrial Trust (FLT) on Thursday reported an 8.6 percent rise in fourth-quarter distribution per share.

Nov 2, 2017

By Aastha Agnihotri

mm2 Asia to buy Singapore's Cathay Cineplexes for S$230 mln

Media content provider mm2 Asia on Thursday said it entered into an agreement with Cathay Organisation Pte for the purchase of Cathay Cineplexes' Singapore cinema operations for S$230 million.

Nov 2, 2017

By Aastha Agnihotri

Indian shares step back from record highs on weak Asia

India shares fell from record highs on Tuesday, tracking losses in other Asian equities following a drop in China's factory gauge.

Oct 31, 2017

By Aastha Agnihotri

Swiber Holdings says creditors commence voluntary liquidation of unit

Singapore-based Swiber Holdings on Tuesday said the creditors have commenced the voluntary liquidation of its unit Swiber Corporate.

Oct 31, 2017

By Aastha Agnihotri

CITIC Envirotech wins its largest ever project in China

Investment holding company CITIC Envirotech on Tuesday said it won its largest ever project of 4.6 billion yuan (about S$944.7 million) in China.

Oct 31, 2017

By Aastha Agnihotri

SembCorp industries posts 56% drop in third quarter profits

Sembcorp Marine swings to third-quarter profit

Sembcorp Marine, a provider of marine and offshore engineering services, on Tuesday swung to quarterly profit due to lower share of losses from associates and joint ventures.

Oct 31, 2017

By Aastha Agnihotri

SGX ends subdued but posts best monthly gain in nine

Singapore stocks ended little changed on Tuesday, led by lenders such as DBS but weakness in other regional markets following a drop in China's factory gauge kept gains in check.

Oct 31, 2017

By Aastha Agnihotri

DBS to re-skill 1,500 employees over next 18 months

Singapore's largest lender DBS Bank on Tuesday said it will proactively re-skill 1,500 workers in the next 18 months, in an effort to help employees sharpen their competitiveness and deepen their skillset.

Oct 31, 2017

By Aastha Agnihotri

Apple designing iPhones, iPads without Qualcomm parts: report

Apple Inc is designing iPhones and iPads for next year that don't use components from chipmaker Qualcomm Inc, Wall Street Journal reported.

Oct 31, 2017

By Aastha Agnihotri

Indian shares retreat from high records after China's fall in factory gauge

Shares in India saw a slump from records high on Tuesday, along with high losses in other Asian countries post a drop in China's factory gauge.

Oct 31, 2017

By Aastha Agnihotri

Fullerton eyes S$300 million IPO to drive regional expansion

Singapore stocks muted as China data disappoints; Asia sluggish

Singapore stocks were little changed on Tuesday led by lenders such as DBS but weakness in other regional markets following a drop in China's factory gauge kept gains in check.

Oct 31, 2017

By Aastha Agnihotri

KTL Global CEO assisting authorities in probe; shares tank 14%

KTL Global, a supplier of rigging equipment to the offshore oil and gas, said its chief executive officer has been asked to assist authorities in an investigation concerning a possible offence under the Securities and Futures Act.

Oct 31, 2017

By Aastha Agnihotri

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