Business News

Ascott wins contracts to manage properties in Raffles Place, Citadines Rochor

CapitaLand's serviced residence business unit, the Ascott on Monday said it secured contracts to manage two properties in the Central Business District (CBD) and near the Ophir-Rochor Corridor.

Oct 30, 2017

By Aastha Agnihotri

India's Sensex extends record gains; United Spirits surges 18%

India's Sensex extended record rally on Friday following gains in Asian equities as upbeat earnings from U.S. hi-tech giants boosted risk appetite.

Oct 27, 2017

By Aastha Agnihotri

SIA Engineering to gain US$14.7 mln via Asian Compressor sale

Aircraft maintenance company SIA Engineering on Friday signed an agreement with MB Aerospace for the sale of Taiwan-based Asian Compressor Technology Services that would result in a gain of about S$14.7 million.

Oct 27, 2017

By Aastha Agnihotri

Singapore stocks gain for third day; OCBC Bank hits record high

Singapore stocks gained for a third day on Friday, led by lenders such as Overseas-Chinese Banking Corp on strong results while positive Asian cues also boosted risk appetite.

Oct 27, 2017

By Aastha Agnihotri

Malaysia jails 8 Indonesians for hijacking oil tanker last year

Triyards Holdings gets US$9.1 mln demand letter from lenders

Engineering company Triyards Holdings on Friday said it received demand letters from two of its lenders for about US$9.1 million.

Oct 27, 2017

By Aastha Agnihotri

India's Sensex hits fresh record high on strong global cues

Japan's Nikkei gained 0.6 percent while South Korea's Kospi rose 0.2 percent and Australian shares rose 0.2 percent.

Oct 27, 2017

By Aastha Agnihotri

Singapore's SGX wooing Saudi Aramco's secondary listing - Report

Singapore Exchange chief bullish on winning world's biggest IPO: report

Singapore Exchange's chief executive officer said his company is still in the running to win a listing of the shares of oil giant Aramco, Bloomberg reported on Friday.

Oct 27, 2017

By Aastha Agnihotri

Singapore stocks follow gains in Asia after stellar U.S. tech earnings

Singapore stocks gained for a third day on Friday, led by lenders such as DBS Group as upbeat earnings from U.S. hi-tech giants boosted risk appetite.

Oct 27, 2017

By Aastha Agnihotri

GLP says independent adviser finds privatisation bid 'fair and reasonable'

Global Logistic Properties (GLP) on Friday said its independent financial adviser has deemed a proposed privatisation to be fair and reasonable.

Oct 27, 2017

By Aastha Agnihotri

Singapore: Sales of new private homes rises in July

Singapore quarterly private home prices gain for first time since 2013

Singapore's private residential prices gained 0.7 percent in the third quarter, rising for the first time in nearly four years, government data showed on Friday.

Oct 27, 2017

By Aastha Agnihotri

Palm oil maker IndoAgri's quarterly profit drops 37%

Indofood Agri Resources, a maker of edible oils and fats products in Indonesia, on Friday reported a 37 percent fall in third-quarter profit.

Oct 27, 2017

By Aastha Agnihotri

Yoma Strategic Q2 profit plunges on absence of telecom tower gains

The Myanmar-based conglomerate Yoma Strategic Holdings on Friday reported a near 57 percent slump in second-quarter net profit.

Oct 27, 2017

By Aastha Agnihotri

Singapore "haze" crisis improves, returns to moderate range

CDL Hospitality quarterly distribution falls on rights issue

CDL Hospitality on Friday reported a 3 percent fall in distribution per stapled security, reflecting the effects of a rights issue completed in August.

Oct 27, 2017

By Aastha Agnihotri

Indian shares extend record gains to second session; Banks gain

Indian shares ended at fresh record highs on the final day of October derivatives contract expiry as state-owned lenders extended gains.

Oct 26, 2017

By Aastha Agnihotri

UnUsUaL to showcase 'Disney On Ice' shows in Korea, Taiwan

Event organiser UnUsUaL Ltd on Thursday said its unit UnUsUaL Entertainment signed letters of intent with Feld Entertainment to jointly present "Disney On Ice" shows in Korea and Taiwan.

Oct 26, 2017

By Aastha Agnihotri

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