Business News

Sembcorp Industries Q2 profit falls 36%

Utility services provider Sembcorp Industries profit fell 36.1 percent in the second-quarter, hurt by weak performance of its marine business.

Aug 3, 2017

By Aastha Agnihotri

SGX falls; Noble plunges after another Iceberg blow

Singapore stocks ended lower, in line with weak Asian shares as investors took a pause after equities surged to the highest level in almost 10 years.

Aug 3, 2017

By Aastha Agnihotri

Noble Group "sinking in a perfect storm", says Iceberg

Commodity trader Noble Group shares slumped after anonymous researcher Iceberg Research launched another negative report questioning company's finances.

Aug 3, 2017

By Aastha Agnihotri

Indian shares fall as lenders drop after expected rate cut

The Reserve Bank of India cut its policy rate by 25 basis points to 6 percent on Wednesday, the lowest since November 2010, in line with market expectations.

Aug 3, 2017

By Aastha Agnihotri

Singapore stocks fall along with Asia; StarHub drops

Shares in Singapore took cues from weak Asian equities, which surged to the highest level in almost 10 years.

Aug 3, 2017

By Aastha Agnihotri

U.S. bans travel to North Korea from Sept. 1

The North Korea travel ban comes after the death of U.S. tourist Otto Warmbier, who suffered brain damage while under arrest in North Korea.

Aug 3, 2017

By Aastha Agnihotri

Singapore ranks fifth in global 'travel freedom' index

Tourists' spends surge as Singapore sees growth in visitor arrivals

According to Singapore Tourism Board (STB), tourists splurged 15 percent more in the first quarter of the year compared to last year, with receipts reaching S$6.4 billion.

Aug 3, 2017

By Kiersnerr Gerwin Tacadena

Singapore to launch blockchain technology for interbank payments

Singapore central bank sets up Payments Council to boost e-payments trend

MAS said the council will facilitate the development of seamless payment solutions like the recently-launched PayNow.

Aug 3, 2017

By Kiersnerr Gerwin Tacadena

Toast Box owner BreadTalk Q2 profit swells

BreadTalk net profit climbed, boosted by an increase in other income and reduced expenses. The board recommended an interim dividend of 1 cent per share.

Aug 3, 2017

By Aastha Agnihotri

MTI, STB seek feedback on amendments for travel agents law

Singapore: Traditional Chinese medicine sector to receive government funding

Ministry of Health said it will add an additional funding of S$5 million over the next five years to the TCM Research Grant (TCMRG)

Aug 3, 2017

By Kiersnerr Gerwin Tacadena

Far East Orchard Q2 profit slumps 97%

Far East Orchard quarterly profit plunged due to the absence of a one-time gain from sale of units and lower profits from the hospitality assets in Australia.

Aug 3, 2017

By Aastha Agnihotri

CapitaLand Q2 profit jumps on core markets growth

CapitaLand second-quarter profit jumped, helped by higher revaluation gains from investment properties in Singapore and China, coupled with portfolio gains.

Aug 3, 2017

By Aastha Agnihotri