Business News

Indian shares rally; PSU banks gain on govt stake sale hopes

Indian shares extended gains on Friday, led by oil and banking shares while positive Asian sentiment also supported risk appetite.

Oct 6, 2017

By Aastha Agnihotri

Singapore central bank to spearhead harnessing of blockchain tech for interbank payments

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) are commencing the second phase of Project Ubin as they explore the use of blockchain tech in interbank payments.

Oct 6, 2017

By Kiersnerr Gerwin Tacadena

Singapore stocks rally for second day as lenders advance

Singapore stocks gained for a second day on Friday, led by financials while positive Asian sentiment also supported risk appetite.

Oct 6, 2017

By Aastha Agnihotri

Singapore assets under management growth declines year-on-year

Singapore to unveil Q3 advance GDP estimates, policy decision on Oct 13

The government will release Singapore's third-quarter advance growth estimates and monetary policy decision on October 13 at 8am local time.

Oct 6, 2017

By Aastha Agnihotri

Soilbuild Construction wins S$50 contract from SB Waterfront

Builder Soilbuild Construction said it won a S$50 million contract by SB (Waterfront) Investment to erect a 7-storey single user general industrial factory development.

Oct 6, 2017

By Aastha Agnihotri

Chinese firm snap up Normanton Park for S$830.1 mln

Singapore's Normanton Park, a development near Science Park, was purchased by Chinese firm Kingsford Huray Development for S$830.1 million.

Oct 6, 2017

By Aastha Agnihotri

United Food to buy three Chinese agribusiness firms for S$24.5 mln

United Food Holdings, a producer and supplier of soybean products, said it would buy 80 percent stakes in each of three animal feed-related companies in China for 120 million yuan (S$24.5 million).

Oct 6, 2017

By Aastha Agnihotri

Singapore Airlines commences biggest internal overhaul: report

Singapore Airlines (SIA) has commenced a three-year turnaround plan to review work processes and operations companywide.

Oct 6, 2017

By Aastha Agnihotri

Indian shares snap 4-day rally on profit booking

Indian shares edged lower on Thursday after a four-day rally as investors booked profits in oil refiners and amidst lack of fresh triggers.

Oct 5, 2017

By Aastha Agnihotri

Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. Get your daily dose of all the latest in the world of business right here.

Oct 5, 2017

By Aastha Agnihotri

Singapore stocks gain; SIA Engineering recovers from 6-year low

Asian shares were a tad firmer on Thursday, taking their cues from strong U.S. data. Wall Street's three major stock indexes hit fresh highs on Wednesday as did MSCI's all-country world stock index.

Oct 5, 2017

By Aastha Agnihotri

Embattled EMAS Offshore to re-start financial reporting

Singapore-listed EMAS Offshore, a unit of oilfield services firm Ezra Holdings, said on Thursday it expects to re-commence financial reporting around November amidst ongoing restructuring efforts.

Oct 5, 2017

By Aastha Agnihotri

Indian shares pause after 4-day rally; SBI top loser

Indian shares consolidated gains on Thursday as investors took a breather following a four-day rally in indexes.

Oct 5, 2017

By Aastha Agnihotri

Singapore stocks snap two-day fall as lenders recover

Singapore stocks recovered after two sessions of declines on Thursday, led by gains in financials while positive Asian sentiment also supported risk appetite.

Oct 5, 2017

By Aastha Agnihotri

Google, Singtel to unveil Pixel 2 XL smartphone in Singapore

Alphabet Inc's Google will launch its second generation of Pixel smartphones in Singapore, the first Southeast Asian market to have the device.

Oct 5, 2017

By Aastha Agnihotri

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